All eyes on the Loonie this week. Technicals are showing promise at significant levels, and the EURCAD is displaying incredible weakness in the immediate term. Anticipating decent volatility on Canadian pairs leading up to Canada's GDP date on Tuesday morning. Long bias for now
Reasons for shorting the euro are on the chart. Thought risk aversion might be off the table for now since markets seemed to have priced it in. But it looks like the euro bears might have a little more steam left
Downtrend. Double top at 61.8. Break of trend support. Showing rejection
Lots of confluence. Expecting a continuation of the trend and executing longs here
I think we see a possible drop tonight to grab liquidity. Potential strength for the euro tomorrow morning if BOE ends up hiking interest rates as expected. I'm short in the immediate term
If gold can maintain its support here it can find itself a way to 1908 per ounce. Aligns with the top of the channel and the weekly fib extension
Weekly supply. 4H uptrend retraced to 61.8 and formed a double bottom. Long at the break of the range
Bitcoin retraced to the 61.8 on the weekly chart at 39k, then found resistance at 67k which aligned with the -61.8 extension. I expect to continue the uptrend and bounce off of this resistance turned support to the -161.8 extension at $88k which aligns with the top of the channel
Possible long here on one more rejection. Inverse H&S. Broke out of the channel, double bottom at 61.8. Longing to -27 extension
Potential for a swing trade should the pound respect the downtrend and the fib levels against the New Zealand. Respecting channels very well
I wish we were closer to the fib extension but this isn't a bad area for a reversal. And the structure is there
Gold has failed to meet my long term expectations. Despite economic uncertainty in many cases gold couldn't rally to new all time highs. I guess investors are choosing somewhere else to park their money. Will be looking for shorts should we get a clean break of 1750
Formed head and shoulders and broke out of the ascending channel. Looking for drop to 61.8 retracement
Double bottomed at support and broke out of the channel. Looking for a retest of the 61.8 for an entry
My second favorite coffee possibly headed for $99. Broke the ascending. Respecting fibs. H&S has broken and rejected on the retest. Looks clean for a move down
I've listed the reasons for my bias on the chart. Looking for a long this upcoming week should this play out as I anticipate
XRP looks primed for $2. Broke out of descending channel and I expect to respect this ascending channel that is currently forming