darcsherry

darcsherry

With over 350pips in our direction since my last publication (see link below for reference purposes); we are at a zone where the rejection of the Weekly resistance(Trendline) is happening with a tendency of decline in the coming week(s) feasible. Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand Observation: ...

darcsherry

The tendency of the yellow metal of been exposed to the support level at $1,910 remains high as the Supply zone remains a very strong rejection level for price action at this juncture in the market. Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand Observation: i. As price continues to respect the Bearish Trendline since it hit peak @...

darcsherry

It has been a while since I published anything on USDCHF due to validity of previous bias. With over 300pips in our direction since last publication (see link below), it is now glaring that the present structure is so ripe for a reversal (at least a correction move since the downward spiral began in March 2020); As the Greenback pushed higher last week to close in...

darcsherry

I had a Bearish bias last week with price moving over 100pips in our direction (see link below for reference purposes). Despite price action still portrays a dovish tendency, it is important to note that price is presently sitting on major Support/Resistance (see Day/Week Chart) which has been a sensitive Demand area multiple times in the past. As US job figures...

darcsherry

With 50pips against us since my last publication (see link below for reference purposes); It now appears that the Breakdown of 105.700 was nothing but a false one! As the pair recovers from the dual blow of Shinzo Abe's resignation and Federal Reserve's dovish policy shift; The US dollar rallied during the course of last week to slam into my Key level @ ¥106.50...

darcsherry

With over 100pips against us since my last publication (see link below for reference purposes); The increasing risk of a No-Deal Brexit is beginning to reflect in market structure as momentum remains to the downside which is also aligning with my last week expectations. Breakdown of my Key level @ 1.33000 on Friday with an Engulfing Bearish candle sets the Pound...

darcsherry

After running 100pips in our direction since my last publication (see link below for reference purposes); the journey of the Bulls which began in February 2020 appears to be stalling following the inability of price to go beyond 1.20000 as a reversal structure appears at this juncture in the market. Attempts to break the 1.2000 level during the course of last week...

darcsherry

Over 120pips fetched in my last publication (see link below for reference purposes) as another trading opportunity arises. The British Pound surrendered much of its Thursday gain on Friday to close the week below 141.000. despite this retraction, the possibility of a rally is still paramount as I have found two windows on the chart for buying opportunity. ...

darcsherry

As price moved over 150pips in our direction since my last publication (see link below for reference purposes); the Canadian dollar continues to benefit from the modest sort-rate spread between US and Canadian bonds. Friday's market watch posted a considerable gain for the CAD as it closed the day with an engulfing Bearish candle... this view at the market...

darcsherry

With over 100pips in our direction since my last publication (see link below for reference purposes); we continue to experience an appreciation in favor of the Yen as the Greenback resumes her decline late into the Asian session of Friday as traders absorb the implications of the Fed's policy shift; herby extending its slide to touch its lowest level since...

darcsherry

Following a whole lot of noise, the Euro rallied significantly during the course of the week, slicing into the 1.19000 Key level. It is a market that is grinding higher and appears not to be having stalling signs with the emerging set-up. With over 140pips profit in our direction since my last publication (see link below for reference purposes); As price respected...

darcsherry

The price moved over 110pips in our direction since my last publication (see link below for reference purposes) as the pair came under renewed bearish pressure last week dropping to an all-time low of 0.65000 since price hits high at 0.67200 at the end of July 2020. Breakdown and retest of my Key zone insinuate a further risk of decline in the coming weeks(s). ...

darcsherry

The price moved over 200pips in our direction since my last publication (see link below for reference purposes) even though the Greenback advanced to a fresh daily high of 1.3235 on Friday but lost its traction amidst "quick sells" ahead of the weekend. The USDCAD failing to settle above resistance level @ 1.32400 insinuates that Buyers lack the momentum to rally...

darcsherry

With over 120pips in our direction since my last publication (see link below for reference purposes); The Greenback made efforts to pull back against the Japanese yen for a majority of the week but got capped at 106.200 level as the Yen fights for value by pushing price back into my Key zone. The key zone has been supporting price since the beginning of the month...

darcsherry

Risks continue to shift in favour of an overdue correction lower on this pair as the need to take a very critical approach to find accurate trading opportunity in the following week(s) becomes very necessary. The appearance of a harmonic pattern at this juncture suggest that we might be experiencing a Bullish run to test 1.19000 with my sincere intention of...

darcsherry

With over 200pips move in our direction since my last publication on this pair (see link below for reference purposes); It is interesting to know that the Aussie began the week with an edge over the USD before it headed lower before RBA Governor Lowe mentioned the need for more fiscal stimulus. Engulfing candles springing from my Demand zone after the speech is an...

darcsherry

The USOIL is one commodity that attracted my interest in the last couple of months as I have executed some profitable positions within this period of time hence decided to do a publication after noticing that the commodity remains on track to close the second straight week in positive figures as the price keeps bouncing off my Demand zone. Tendency: ...

darcsherry

With over 500pips in our direction since my last publication on this pair (see link below for reference purposes); the GBP/JPY pair broke out of my Key level @ 139.500 on Thursday only for price to Breakdown this level to make an intraday dip to the 139.35 region on Friday which also coincides with Breakdown of trendline insinuating a temporary Downtrend in the...