leanosamwinga

leanosamwinga

On USOIL we have broken an ascending channel and now price has formed a retest which coincides with a key level. Price has the potential to fall to the beginning of the structure, which would be at around $32 a barrel.

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So far we have seen price reject the top of this structure but price still has the potential to move up to the previous high before dropping.

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I have been watching the kiwi for weeks now and price action has just been developing. Price is at key level of value, similar to NZD/USD so I will be watching to see how the NZD pairs perform this week. Price has formed a channel and now we have touched the top there is a possibility for price to move to the downside. For the longer term play I would be looking...

leanosamwinga

These are the two most probable scenarios to play out this week. Price is heading toward a key level and will soon find out whether price breaks or bounces from the level. We will wait for price action to develop a bit more.

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Price is at a key level and could be forming a double bottom. The level has already been tagged and rejected and now price is forming a lower time frame structure. There is potential for price to move up to the beginning of structure which is also a recent high.

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Bitcoin is in an overall ascending channel on the 4 hour but price is forming a middle section to the pattern. If we break, I look to target the double top, or even the top of the channel. There is huge potential for this crypto in the week ahead!

leanosamwinga

On the lower time frames we have broken an ascending channel and price also rejected and formed a double top. Price has huge potential to the downside: the beginning of the lower time frame channel, the longer wider ascending channel support, and the beginning of the whole structure.

leanosamwinga

We are in an ascending channel. If price breaks we can target the beginning of the structure but price could also push higher to form that double top formation before dropping.

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Similar to the other NZD pairs, price is in a key area of value and it is likely we will se price react in this area. A first target would be the trend line and if we break, then we will look to reach the beginning of structure.

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Price is potentially forming a continuation pattern and we would be looking for a third touch and candle rejection to then take this to the downside. We have also broken a bigger structure and price is in a correction following an impulsive leg.

leanosamwinga

We are approaching a strong level and price could either break it to make a third touch of the wedge or we could reject this key level as soon as we get there. The longer term move is still in play and this structure could as a correction followed by a continuation.

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Price has cleanly rejected the bottom of structure which was an area of value in the market.This was expected due to the lack of momentum and impulses to the downside which showed us that we could see the downtrend momentarily cease.

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Although price has broken structure to the upside, we are moving very correctively and we are approaching a high value/confluence level. If we see a rejection, we could place a risk entry at the top of structure to catch the potential move.

leanosamwinga

Here on Kiwi Swiss we have rejected the bottom of structure and we could be heading to form a double top before continuing the higher timeframe move.

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Similar to CADJPY, we could experience short term bullish moves at least the the high/beginning of structure. Price is pressuring the top of a descending channel which we could see broken in the next few hours.

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Price looks to have comfortably bottomed and we could see shorter term bullish moves to form a double top before ultimately heading to the downside.

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Price is making an impressive rallies from the lows and now we are possibly forming a typical wedge pattern. If we break, we could $32.50 a barrel be priced and longer term targets are also possible.

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The market closed on Friday slightly below the previous supportive structure and sellers could be waiting to continue taking this to the downside.