📉 In line with our last week poll, it appears the cable is poised for long downtrend movement, the chart seems to evidently support the case as the cable broke through our support arc only to be finding a short term solace at its two-weeks support @ 1.600 (labelled A & B) ⏳ An imminent break below the 1.600 will leave the market with no option but a further...
📊 A WEARY GBP-AUD 🌅 Sterling has been on the heat seat for quite some time now, as the market continue to shrug amidst the covid-19 2nd wave in the UK. ❇️ Considering the TA of the chart, sterling is currently ranging around the 1.8400 resistance zone, of which appears to be a very strong long term resistance which haven't shown any sign of weakness lately. 🌼...
📊 AUD-USD Analysis 🌅 The bears had the market for the last trading week, with 'em dragging the market down to 0.7000 support level as expected. 🥎 Market currently at consolidation level(💟 pink area on chart) as traders/investors struggle to decide the next move of market , AUD data being weak of late supports a bearish move below s1 to 0.6800 region and the US...
📊 EUR-AUD ELLIOT WAVE ANALYSIS 🌅 As expected last week the bulls took the EUR by the horn upon retrace to the 1.52 price correction level, effect was rapid as the Aussie bears where rallying upon the Aussie due to the recent economic reports. 🗾 This week as seen in the H4 chart attached, we expecting a 5th wave movement on the EUR-AUD as the market is currently...
Guppy concluded its 5th wave cycle and a likely continuation of a new wave cycle, weaker dollar in a favor of a bullish guppy
Gold approaching a solid support with an expected bounce in price.
BITSTAMP:BTCUSD Bitcoin cycles for fourth elliot wave, expecting a correction back to 12k
📊 GOLD ANALYSIS 😅 Like the guppy and the cable, not much has changed with the chart but on a closer view it appears Gold locked up in a tight corner as the market uncertainties continues... 🇺🇸 Will the US be giving out a new stimulus? 🇺🇸 What will the outcome of the US election impose on the Dollar? 🇺🇸 Are the feds plan even feasible? 🇺🇸 What could be said of...
📊 EUR-USD Analysis 📉 As it appears, not much has changed since our last week analysis....The cable and the guppy being the investors favorite tends to take a while to make major moves. ⏳ Covid-19, Brexit and the US Elections appears to be investors key focus in trend decisions.. 🇬🇧GBP 🇪🇺EUR and the good old 🇺🇸Dollar will continue to be on the spotlight as the...
Once again euraud find itself entangled in the ascending channel oscillations, after failing to hold the 1.660 price mark...
Failure to break through R1 will send us back for a bear call
The bulls took the Aussie by the horn last week, as market went crazy with the rally, against most of the major pairs Aussie had a stand fence and triumphed over her counterparts. As the US Election draws neigh, investors are more cautious of where they put their money. This week holds alot of activities amongst top us company's, the likes of facebook, twitter,...
🌼 While you all having an amazing sunday, thought to share this chart with yall, PayPal into bitcoin will create a massive FOMO that will boost the price of bitcoin. 🌤 IMO i dont think it will be a long term good deal for Paypal as too many security issues famous paypal account problems. 🌔 Most crypto enthusiast would not even want to associate with paypal as...