USDJPY is at an all time high since the 90's. If you look at the 1 day chart and look at what happened previously in the market, you will see that price is reversing into a sell. Find you a good entry point and prepare to profit! Have a great Friday guys and gals!
After looking at what happened previously in the market at this point, I have predicted that price will continue to go bearish.
USDCAD - 1HR - 1D - TECHNICAL ANALYSIS The bulls tried to continue higher, but the bearish keeps taking control. Creating lower lows and lower highs.
After having three rejections to the upside, it confirmed that the trend would continue to the downside. This was created on the 1 hour chart and the 1 day chart as well. Look for a good entry point and enter the trade. Good luck!
USD/JPY has NOT been a bullish trend for quite some time. In fact, where price is NOW hasn't been this high since July 1998. Look to go short at 138. I went to the 1 month chart for confirmation as well.
USDCAD came off a strong bullish move with the RSI overbought. Following a strong push to the bullish side that was rejected by the bears. This is a strong indiction of a reversal in price. Price needs to create a lower low, lower close prior to entering this trade to the downside. Previous structure also confirmed the bearish trend.
Looking for price to break the previous high point at the level of the green horizontal line. If price does not break and goes in the opposite direction, then price will go bearish. I see the momentum of the is slowing down so price can continue in either direction.
AUDCAD is coming off a strong bearish move. Looking for price to reverse within the purple box and go bullish. If you look back previously in the market, price went from bearish to bullish in this area.
XAUUSD is coming off a strong bearish move, creating higher highs with nice bullish momentum moves. While viewing the chart I was able to identify a bullish flag pattern, confirming the trend to the upside.
Previously at 128.101 price reversed into a sell. Now at 128.101, price is doing the same thing. I also see lower lows forming within that area which helped me identify which way price is going. The previous support level has also broken to confirm the direction of the trend.
Previously at 1834.461 there was a massive sell which did not reverse into a buy until 1750.904. Looking for price to repeat the move within the same area. Enter when price is best for you.
My previously prediction is that price would go from bearish to bullish within the green killzone area. As you can see, the previous resistance level was never broken to confirm that price would reverse. I am currently waiting for a higher high, higher close to form and for price to break the current resistance level before entering.
Previously at 111.671 the market reversed from bullish to bearish. I also see when the previous support level was broken as well. No resistance level was broken, confirming that the trend will continue bearish. You can also wait for the three point move for those that are not as aggressive. After that, you find your entry point.
USDCAD Killzone was broken for continutation to the upside. Waiting for this pair to TEST the previous high point to determine which direction the markets will go.
PLEASE READ BELOW! BTCUSD During my prediction, I’ve been adding words to the chart to explain my thought process. We are currently positioned where the blue box is on the screen. The blue box is the killzone point where price will take off. The red horizontal line is the previous support level where price reversed PREVIOUSLY in the market. Which a great...
PLEASE READ THE FOLLOWING INFORMATION! AUDCAD is coming off a strong bearish move. Currently waiting for price to reverse in the area where you see the box at, to confirm the trend will reverse from bearish into bullish. Waiting to see if the previous low point (where the orange mark is) to be rejected by not creating a lower low, lower close at that level to...
PLEASE READ BELOW TO SEE MY PREDICTION OF USDJPY! USDJPY The RSI shows overbought conditions in the market. When looking left at what previously happened at this point in the market, the market reversed. The previous support level has not been broken to confirm the trend in the opposite direction, but it can still be traded depending on what type of trader...
Please view the chart for information on mark up.