jefferson_the_chartist

jefferson_the_chartist

(MY FIRST TECHNICAL ANALYSIS ON USOIL:) USOIL is currently at a valid level of support and looking at current momentum in price, we may see a bullish market till at least $88. Let's take note of major psychological levels ahead while trending bullish for potential corrections or reversals.

jefferson_the_chartist

Waiting for a bearish break below structure on XAU/USD to confirm a change in market sentiment, we are currently in a strong bullish trend which has been in effect since the third November last year and for that matter, we will need a strong bearish change in character to take short trades.

jefferson_the_chartist

US100 is currently showing strength after trading within a range for since December 22, we may see price continue bullish till 11800 which may serve as a correctional area for the bullish trend.

jefferson_the_chartist

Price has been in decline since October last year and we are currently seeing strong momentum from a major support level, if price breaks above descending channel, we may get a confirmation for a bullish change in trend, resistance below 133.851 will indicate further downtrend continuation.

jefferson_the_chartist

It's always good to look at XAU/USD from the long term perspective The market has been bearish for the most part of this year till we saw a bullish correction this November We are likely to see price continue bullish after a short term correction in early January nonetheless we may see price change in trend if major support on the weekly is broken. Let's keep an...

jefferson_the_chartist

EUR/USD has been in an uptrend after a break of downward channel in early November, since there has been no major corrections in price, we are likely to anticipate a few corrections in price at the nearest major psychological levels.

jefferson_the_chartist

Price is currently at a major support level than was first tested in July this year and considering current momentum, we could possibly see price continue bearish if we see a break and retest below level X till at least 100.000. For a bullish scenario, we may expect price to break strongly above trendline and retest level 106.00 to gather momentum for an uptrend...

jefferson_the_chartist

GBP/USD has been on an uptrend for a bit over a month now and we are likely to see a short correction in price to the downside considering current strength in the dollar

jefferson_the_chartist

EUR/CAD has been bearish this year till we saw a bullish turn in price September this year. Momentum has been strong and we are likely to see correction in price to the downside considering where price is currently sitting.

jefferson_the_chartist

We saw a short formed W pattern after days of BTC bearishness Considering current bullish momentum, we are likely to see markets bullish in the coming days.

jefferson_the_chartist

We are currently seeing strong bullish momentum on thee daily chart and we may see market reverse bearish if we see market break below structure marked on charts. We may also see price continue bullish if we see strong momentum above current resistance.

jefferson_the_chartist

We may see a continuous bullish continuation in the AUSTRALIAN DOLLAR till the nearest level of resistance where we may either see markets continue bullish after breaking above or using that level as an area of resistance for a downward continuation. We are still in an uptrend overall on the daily hence a strong signal would be needed to take bearish trades.

jefferson_the_chartist

Dxy seems to be trending with the overall daily chart rather than the hourly chart which seems to in an upward reversal. We are likely to see markets continue till at least 105.00 for a bearish exhaustion or we may see market break below to create a support at 105.400 for an upward rally. Let's keep an eye on the marked out points to see how markets react to...

jefferson_the_chartist

USD/CAD has been in a downtrend for a month now and we are likely to see a continuation till psychological level 1.3200 an upward continuation is likely if we see a break above level X which is a very valid level of resistance and previous support.

jefferson_the_chartist

Selling XAU/USD after a fake break above trendline to the upside. We are likely to see gold sell till about 1710.000 we may see price continue bullish from there or continue bearish after breaking below

jefferson_the_chartist

XAU/USD ha tested major support on the monthly since March this year. We are currently seeing strong bullish momentum from support and a correction is likely to take place before we see price continue bullish till at least 1900 price level. We are likely to see resistance around the 1804 price level which may call for a change in direction or price correction...

jefferson_the_chartist

This month has proved bearrish so far, considering price reaction below the 107.928 price level which served as previous resistance and support, we are likely to see a downtrend continuation if resistance persists below the 107 price region. Price may also rally up to the 110 psychological level which happens to be a good price to attract sellers.

jefferson_the_chartist

Since the beginning of this month, we have seen a strong uptrend, currently seeing a break and retest of resistance, we can see a continuous upward rally if price creates a resistance on any of the marked out psychological levels.