darcsherry

darcsherry Updated 

Hopes of Brexit deal wanes again; GBPCHF sinking back towards lows as it finds a haven for selling pressure around Fr1.20300. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic (AB = CD) Observation: i. Since completion of Double Top pattern in late Nov. 2020, price continues to risk further decline. ...

darcsherry

As the bulls are trying to break up the resistance level of Y126.620, price is caught in Double Top situation where a reversal is possible in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Double Top | Supply & Demand Observation: i. Since the beginning of the month, buyers have found it difficult to push the price beyond Y126.620...

darcsherry

Breakdown of CAD1.73500 during the week is a sign that the loonie risk a further decline in the latter part of the year... GBP/CAD exchange rate falls even as we anticipate the re-introduction of Covid-19 Tier System Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand | Breakdown Observation: i. Price did not respect Trendline...

darcsherry

Since a successful Breakout on the 12th of Nov. 2020, Price found Demand zone @ CAD1.54800 eight good times before finally finding the momentum to Break out off Bearish trendline @ CAD1.55100 towards the end of the trading session on Friday to make a Bullish statement. Tendency: Uptrend (Bullish ) Structure: Trendline | Supply & Demand Observation: ...

darcsherry

Since my last publication on this pair (see link below for reference purposes), we have seen price move 70pips up before correction. Price has been caught within a range above major Demand zone (Fr1.07800) since the beginning of the month giving the impression that Buyers are strong here! We all saw EUR/CHF surge higher on Tuesday & Wednesday - breaking out of...

darcsherry

With over 100pips running in profit since my last publication (see link below for reference purposes), the US dollar has continued its downtrend against the Swiss franc for the fourth consecutive day. Signs of a further decline in the Greenback continues to be emphatic as price breaks down and retest Fr0.90800 to make new Resistance level for future "sells". ...

darcsherry

As against my previous speculation (see link below for reference purposes), The EUR/USD pair recovered its long-term bullish stance as buyers finally found the momentum to break Major resistance @ $1.1900 (a major Support level) followed by a retest of this level to make a new Support level for Bullish opportunities. Tendency: Uptrend( Bullish ) ...

darcsherry

The impact of Sellers in February 2020 (Bearish Impulse leg that lasted a month on the weekly chart - ) appears to be too strong for the Buyers to gain that confidence needed to invest in the CAD. With the present Head and Shoulder look alike, I shall be patiently looking out for a significant Breakdown of Neckline and Support level @ 0.69300 to hop in the...

darcsherry

It has really been a while since I visited this pair but the current structure appears to be promising as I see a defiant level packed with selling pressure @ $0.73400. The AUD/USD pair has continued in a predictive pattern with a second consecutive week in a tight 100 pips’ range since hitting its highest level in recent times @ $0.73400. Despite rallying during...

darcsherry

Since my last publication on this pair (see link below for reference purposes), Buyers have found it difficult to push the price above $1.1900 (forming a Tripple Top pattern) hereby confirming this level a stronghold for the Sellers. It is worthy to also note that winter is at the corner and following a surge in coronavirus cases and an economic downturn, we might...

darcsherry

As price continues to respect bearish Trendline, Price hits key level @ 1.73500 area once again with tendencies of repeating the Bearish run that started on the 10th of Nov. 2020. This level which is also within 61.8% retracement of the last impulse leg gives more substance to my bearish bias with a projection of 127.2% extension. Tendency: Downtrend (...

darcsherry

After taking a 200pips gain in our last publication on this pair (see link below for reference purposes), it appears we are at a juncture for a second wave of shorting the USDCAD as price breaks down my key level @ CAD1.30700. Despite making the previous four trading days in the positive territory, the USD/CAD pair rose to its highest level during the last week at...

darcsherry

Risks remain asymmetric longer term as the SNB holds the downside in check and a possible global recovery in 2021 may bring some relief to the EURCHF but in the meantime, it is evident that the Bullish momentum finally begins to make a statement in the market. I shall be looking out for a "quick" temporary counter-trend opportunity on this pair in the coming week...

darcsherry

Our last publication on this pair fetched 247pips profit (see link below for reference purposes); Price action caught within the sandwich of Supply and demand zone (bearish Rectangle) since the Impulse leg that began late April 2020, we continue to see the potential of shorting the USD/CHF pair despite the recent news regarding the COVID-19. Tendency: ...

darcsherry

After Price broke down 0.90000, we saw a rejection of this level last week with a high expectation of diving down.

darcsherry Updated 

Longterm bullish perspective

darcsherry

With over 130pips in our direction since my last publication (see link below for reference purposes), we continue to see uptrend tendencies everywhere! As the Euro shot higher during last week trading session, we continue to find resistance in the same area around $1.19000 area. The following week might give room for correction into Demand area with high...

darcsherry

CHFJPY price made a strong bearish move rejecting a Key zone around Y116.000 to propose a possible ABCD pattern in the future. Tendency: Downtrend ( Bearish ) Structure: Retracement | Supply & Demand | Harmonic (AB = CD expectations) Observation: i. Inability of Price to break above Y117.500 in Aug & Sep 2020 has led to a Reversal pattern...