lacasafxfamily

lacasafxfamily

USDCHF Entry from the current levels is accepted with a second position from the main demand area if it goes down.

lacasafxfamily

USDCAD could continue its downward movement and if it does, this area will be great to buy from. Hopefully we get a nice retracement from fibo levels prior.

lacasafxfamily

This is an update regarding DXY, we predicted its movement for the whole month of March. it seems to have held the second demand area and could rebound from here upward.

lacasafxfamily Updated 

On 4hrs: We see the pair breaking a key trend upward and is currently trading above it without making proper correction. 30mins: the pair started to trade below the uptrend. Looking at market sentiment today, we see substantial short positions compared to long positions (29 to 71 % ratio). Thus we feel bearish on this pair short term and aiming to catch a...

lacasafxfamily

On daily frame we notice a harmonic bearish pattern formed with both points X and D forming also a downtrend that is being respected still so far. on a broader aspect (long term) we see the pair bearish but it could take couple months. As of now, trading below it keeps the momentum bearish too. catching a reversal pattern will be ideal to enter a short...

lacasafxfamily

GBPCAD on multi timeframe analysis : Monthly frame: we see the pair testing a strong resistance, closing below it is taken as bearish. Shorter frame: on 6hrs, we see a rising wedge pattern broken and price currently is trading below it. While we can short here and now we prefer waiting March closure. Another reason of shorting this pair is the likelihood...

lacasafxfamily

Analyzing gold on 4hrs frame classically shows that a key trend has been broken then retested successfully. Right now Gold is testing a key level 1965, if broken successfully we see Gold testing the demand levels illustrated on the chart. -On the upside, rebound from here and closing above 2010 takes us to 2040 continuing ABCD formation.

lacasafxfamily Updated 

USDJPY: This could be the potential movement of the pair providing candle closes remain above the uptrend. Targets are: 134.5 / 136.5 & finally 139.0

lacasafxfamily

Gold had a strong impulse ending last week following Silicon Valley Bank collapse fiasco and fear within investors. This is expected to continue until a clear rescue plan is in sight by the American government. - Without clear plan is in sight more gains will be in Bulls direction. A correction is expected before. P.S - Only if FED injected Money into market...

lacasafxfamily

NZDUSD analysis: We see the formation of a positive inverted head and shoulders pattern, confirmed by breaking the neckline and consolidating above it at 0.62614. Now the price is moving above the moving average of 200, and this is considered positive as well.

lacasafxfamily

GBPUSD pair is about to test a fierce downtrend. The bullish run could continue to break the downtrend and form a new peak OR stops and starts dropping from the current to test the downtrend. Looking at RSI we see that the pair is clearly overbought. All the love, Lacasafxfamily

lacasafxfamily

US500 is at resistance now that is being respected for 12 months now. Bears have entered the market now and are applying serious pressure on the index. With FED rate hike weight at site we take this opportunity to enter a quick short eyeing 3900 then IF a break of the inner uptrend occurs continue to 3650. Love, Lacasafxfamily

lacasafxfamily

The pair is approaching a fierce supply zone between 1.1076 and 1.1184 on DAILY frame. The bullish run could continue to the supply zone OR stops and starts dropping from the current level sharply as shown. Either way we feel bearish on the pair Medium to Long-term. All the love, Lacasafxfamily

lacasafxfamily

DXY had a rough November and closed the month below the 200 MA, as long as it remains below it our outlook for the dollar remains bearish. The dollar faces two DAILY demand zones: -Scenario A: it rebounds from 103.6 to 104.2 - Scenario B it closes below the first demand zone and revisits the second demand zone from 101.1 to 101.6. - From these demand zones...

lacasafxfamily

Gold has risen 8% in November against the softer dollar and has closed the month above the 200 MA. Technically we see the formation of a harmonic pattern with CD first leg target being around 1835 that could possibly extend until 1900. -With FED's recent non hawkish comments we see the yellow metal continuing the rise. -Not forgetting the geopolitical...

lacasafxfamily

US30 /Dow Jones or as we call it today Bat'Jones ' :) has formed a beautiful bearish harmonic Bat pattern and started its downward journey from the final point 'D'. We have waited for a Short opportunity for sometime and finally the time has come. Bears can start selling targeting the demand zones shown on the chart. Looking at the Glob economy om a broader...

lacasafxfamily

Higher US yields helped DXY to recover slightly after the cliff fall recently on the news of low¬ish inflation data and FED's NOV minutes hinting slowing down of rate hikes in December and the months to come. We see the dollar weakening further and rejected from the resistance trendline, down the support and the demand zone highlighted. 105.34 was (monthly low...

lacasafxfamily

EURUSD has been depressed for a long time facing fierce rejections, but we saw the pair getting a break last week. On Thursday & Friday the pair faced a resistance that could not break due to the low volume in the holidays (Shown in the dotted line) but we see the momentum continuing and pair easily breaking it upward. Having said that, we did not count the...