As we saw last week GBP gained a significant strength against the dollar and maintained it with the weekly closing. We predict the run to continue and price starts declining from : A) Price respects resistance and rejected off it. OR B) Price breaks resistance and gets rejected from the Supply zone (1.246 to 1.249) Love, Lacasafxfamily
The pair has formed a beautiful harmonic Deep Crab bullish pattern. With DXY continuing Bullish momentum if Inverse H&S is confirmed, we see: 1) The Price is set to continue rallying to point X at 104.1 2) Closing above 104.1 would instill Bulls confidence to continue to Pattern's full targets at B, C then finally A. - The only risk is Japan's government...
As it is the case with all USD pairs, Gold is no different. A Sharp rise, multiple rejections then a downtrend. Looking at the 4hrs chart we see a Head and Shoulders bearish pattern formed and confirmed after breaking below the neckline. Considering that DXY is likely going to confirm an Inverse H$S we see Gold continuing bearish momentum: 1) Testing 100MA at...
We have called the movement of DXY precisely over the past few weeks. A lot have counted it out after CPI low data but has DXY really lost steam? As we see in the chart an inverse H&S pattern is being formed and would be confirmed only after a breakout & closing above the neckline at 107.25 Monitor closely and make sure you take advantage of this ! Love, Lacasafxfamily
EURUSD has rallied recently with DXY sharp fall due to multiple consecutive negative news for the dollar, mainly being CPI. Having said that yesterday and today the dollar began to regain some momentum. Our view remains bearish for the pair As long as EURUSD: 1) Keeps trading below the donwtrend. 2) Keeps closing below Fibo retracement levels. Love, Lacasafxfamily
If you are patient and will follow a proper risk management Short GBPUSD targeting the levels shown, use 2% of your capital - all the love from family.
Although many see that DXY has lost steam, we are seeing a correction is due for the pair before continuing it's upward movement. Targeting 0.65 then 0.64.
Here we explain further an analysis we dropped yesterday on GBPAUD. We said that the pair is showing bearish behavior and mentioned that it should go further down to buyers liquidity level, however the pair rebounded upward shortly after. We immediately updated that it was a mere correction and this video explains how and why. We hope you find this useful....
Simple price action? The pair is trading below the 200MA and is showing bearish continuos closes. We see further drop below the shown level. Love, Lacasafxfamily
This analysis is two folds: 1) USDCAD pair has formed a bearish H&S pattern + DXY losing steam and yet to enter the demand area. 2) The high potential of OIL price rising, which as we know will have a positive effect on CAD pairs. Love, Lacasafxfamily.
We underestimated the strength of DXY in our last analysis, but we were right about it needing an overdue correction. After the sharp rise we are seeing it beginning to lose steam. We are on the Sellers side of DXY on the short-term. Love, Lacasafxfamily
If you have been following us you have seen this analysis on Monthly frame back in July! the pair respected the demand area precisely and is likely going to continue this bullish movement with few corrections. -From a classical point of view, the pair respected the weekly/ monthly uptrend and bounced off it, it is likely going to test the old downtrend then...
USDCAD has broken the uptrend and successfully retested it. Closing below the 200MA would confirm further downward movement.
We shared this two days ago, but it was not published unfortunately. We are sharing once more here for general knowledge. It played very well yesterday and achieved the first target. EURNZD pair has been unstoppable lately setting highs after highs. Bulls will be tested very soon to justify this run's merit . We like to enter a swing trade shorting the pair...
Beautiful breakout then retest of the trend line, we expect a bullish movement of the pair. The only risk to such trade is the FED raising interest by 75 points instead of 50. Trade Safe.
GBPCHF has faced a strong resistance for the second week consecutively. On weekly frame The pair got rejected immediately from the fierce supply zone ranging between 1.15627 & 1.17238. On 2hr frame we can see a bearish butterfly harmonic pattern formed, and a clear break of the uptrend which supports our bearish bias. -The Fed rate hike of 75points could whey...
Another classical analysis, a break of the uptrend and retest supports the likelihood of further downward movement. Love, Lacasafxfamily.
The pair has been trading in a bearish channel and does seem to run out of bullish steam. We would like to short the pair. All the love, Lacasafxfamily