morrisgitau

morrisgitau

On the monthly chart we have a bearish trend. Presently on the monthly charts we have a bullish correction seeking to clear a previous unmitigated zone. On the weekly charts we saw a brief bearish correction that settled around the weekly demand. From this weekly demand, we have a bullish correction seeking to correct and eliminate disequilibrium between 1.29 and...

morrisgitau

On the monthly charts we have a bullish trend that is yet to break the monthly high. On the weekly chart we have a break that is leaving considerable disequilibrium marked by the fresh order blocks. We are awaiting a correction targeting the 53,000 price handle. On the daily charts, the price is yet to break and form a new confirmed high. Around the 48,000 price...

morrisgitau

On the monthly chart we have a bullish trend that is struggling to find momentum. There is a liquidity grab indicating a reversal is in the horizon targeting 1731 price handle. On the daily charts we have a change of character that indicates a shift in order flow followed by a bullish correction that failed to break the previous high. On the 4 hour chart we look...

morrisgitau

Presently we are waiting for price action to determine price delivery. If we break below the dotted lines(demand or support) we will go short(sell limit) targeting the 162 price handle.

morrisgitau

If oil prices push higher above 81$, they will prop the dollar in the medium term. Higher oil prices will influence inflation globally. Central Banks particularly the Fed might not cut rates until the later part of 2024. Fed Chair has already echoed these words citing that fed cuts are years away. Once oil adds onto that equation, we might see a possible rate...

morrisgitau Updated 

On the monthly charts, we have a consolidation around a strong demand level. On the weekly timeframe, we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels. Dropping down to the 4-hour chart, we have a bullish bias targeting 77-90 levels. Change of character plus flip zones in addition to...

morrisgitau

On the monthly chart we have a bullish trend that is struggling to find momentum. There is a liquidity grab indicating a reversal is in the horizon targeting 1731 price handle. On the daily charts we have a change of character that indicates a shift in order flow followed by a bullish correction that failed to break the previous high. On the 4 hour chart we look...

morrisgitau

On the monthly charts we have a long term bearish scenario. After a break of structure, the price hit the demand zone and corrected for the better part of 2023. Moving down to the weekly charts, we see a mitigation of a previous supply, thereafter there was a reaction to the downside creating a bearish order flow. On the daily charts, we have correction that seems...

morrisgitau Updated 

On the monthly chart we have a bearish long term outlook. The price completed a correction at 0.90-1. Thereafter we are in a bearish continuation on the monthly chart. On the weekly charts, we are nearing the end of a bullish correction that may reverse or continue slightly higher. Looking closely, we also seem to be in a consolidation awaiting a proper breakout,...

morrisgitau

On the monthly charts we have a bearish trend targeting the monthly low. On the weekly charts we have a bullish correction that has cleared a previous ineffeciency. On the daily we have a change of character indicating a trends reversal. However, on the lower timeframe we have a bullish correction. On the 4 hour we are awaiting a change of character to signify a...

morrisgitau

On the monthly chart, the price has completed a long term market correctio. We have seen a reaction from the monthly demand indicating order flow has shifted to bearish. On the weekly charts, we have an internal shift in order flow and a correction that is complete confirming our long-term bearish outlook. On the daily charts we anticipate a correction to mitigate...

morrisgitau

There are signs the Swiss Franc (CHF) is weakening across major pairs. Presentlyon the 4 hour charts we have signs of a reversal targewting the unmitigated supply at 0.907. We have two possible entry positions one represented by the liquidity (in blue) and one seated below the liquidity (conservative entry)

morrisgitau

As we await NFP data for thye month of December, we have seen a resurgent Yen. Across the board, cross Yen pairs have printed new lows. For this pair, we have anew low indicating a reversal in trend. A strong NFP will lead to a correction that will mactivate our sell limit orders in the fresh supply.

morrisgitau Updated 

Presently, the bullish correction seems to have come to an end. On the 4hr charts we have a change of character and an internal break of structure that informs our sell limit order targeting the downside area.

morrisgitau Updated 

Presently, the bullish correction seems to have come to an end. On the 4hr charts we have a change of character and an internal break of structure that informs our sell limit order targeting the downside area. NB; THIS ANALYSIS IS SIMILAR TO GBPNZD

morrisgitau Updated 

A failure to break the former high and a shift in orderflow from bullish to bearish informs our sell limit set ups. Presently we have a change of character and a break of structure. We anticipate a minor bullish correction to activate our sell limit orders at 11.16 price handle.

morrisgitau

Finally, there are signs of shift in market structure from bullish to bearish. On the 4 hour chart, we have an internal break of structure and a change of character. This informs our bearish set up. On the retracement, we shall seek sell limit order(s) at either unmitigated or fresh supply.

morrisgitau

On the 4 hour chart we have a change of character and a break of internal structure. That informs our reversal/shift in market structure. We anticipate a minor bullish correction to activate our sell limit orders at 1994 price handle.