last week recap - on the 15m chart price made a bearish flag pattern and also a double top chart pattern that was formed near resistance area. After price formed a double top it was also breaking out the flag pattern. This was all happening near 13120 area, so when price dropped at 12775 area / support area. Friday price went into a bullish direction after...
Price has reached near a support area where as though a double bottom reversal pattern looks like its trying to form. If it is formed then bulls will take out and most likely break the bearish trendline.. retest then continue bullish until it reaches a resistance area. Based on my analysis I think silver will hit $28. This is just for educational purposes and for...
UJ failed to break support area and has formed a double bottom reversal pattern. Which is why price is currently on a bullish move. Price has also broken through the bearish trend line and looks like its still retesting. After it finish the retest , based on my own anaylsis I have my take profits at fib level points. Price can hit all the way towards 106.400 area...
USDJPY was in an uptrend but recently reached a resistance area. A double top reversal pattern was formed at this reversal area. It went in a bearish direction and is currently in a retest stage. Using my fibonacci tool price can break through support retest and continue bearish from 106.000 area down to 105.250 area. The take profits I have is at fib levels. TP...
overall xagusd is bullish. it hit 30.000 and started in a bearish direction. price hit 38.2% fib level, price hit pivot S1. price failed to break support zone. price has also formed a double bottom near support which signals a reversal. the bearish move that happened was most likely just a pullback fib ext has TP around QP 31.5000 if you agree please like or...
Usdjpy recently broke and retested 106.000 area which is why it is still bullish and will continue until it reaches near the bearish TL. Once it get there we will wait to see if price bounces off the TL or breaks through it. If it bounces then it will go back into a bearish direction and if it breaks through & retest then that confirms the bulls being still in...
Nas has been bullish for a while. it has reach quarter point area 11000. but hasn't broken through the high yet. Based off my technical analysis price is looking like it will form a triple top reversal pattern. If price do reversal to the bearish side and breaks the bulls trend line I'm expecting it reach support and resistance area being 10400. If price doesn't...
double top pattern made on the 1 hour chart. which is a bearish reversal. if you agree please like or comment your input.
Based off my analysis I'm currently waiting to see if bears will break through the weekly TL. Oil has also failed to break the strong resistance area which is a confirmation for a sell ( resistance you sell / support you buy ) The resistance area is also near 61.8 fib.
USDCAD overall it has been bearish but price recently reached support zone where it has failed to break through it. 1.3500 QP is where I think price can reach if it breaks through bearish TL. Or it can hit around 1.33700 bouncing off the TL and then continue in its bearish direction. if you agree that USDCAD will become bullish please like or comment your input....
Daily chart shows us how there was a bearish market starting from the beginning week of June. It had retraced off the 50% fib level and I included the fib extension tool which shows that bears took full control toward 127.2% fib extension area after that retrace. If you look left on the chart you will see price hit the support area previous times that it also...
nzdjpy has hit supply zone , failed to break through the resistance area. It has also broken the bullish trend line. My analysis is that it will continue down, do a pullback off the supply zone area and then continue back down. If you agree please like or comment your input.
Price has hit a strong resistance area which is also around the 61.8 fib level. We know if price doesn't break through resistance, it will bounce and be good for a sell. Based on my analysis the bears are getting ready to take control. Oil may hit as low as 37.00. If you agree with my analysis please like or comment your input. Hope everyone has a profitable week.
As you can see a head & shoulders pattern was formed nicely on the 1hr chart which signal a bearish move. The bulls failed to break the daily bearish trendline and now the bears are back in control. Based on my own analysis I'm holding this pair for the sell. If you agree with my analysis please like or comment your input.
Based on my analysis price bounced off the s/r zone which made price start moving bearish. It looks like bears will break through my bullish trend line. If you agree with my analysis please like and follow me. Hope everyone has a profitable new week
Based on my technical analysis, I'm looking for NAS100 to be bearish soon. Bears had broke through the trend line on the 4hr chart. Looking like it's just retesting the s/r area which is around 10100.00 and will continue bearish - Once it get towards the daily bullish trend we will wait to see if it bounces or breaks through.
Based on my technical analysis. Bears recently broke through the bulls trend line. It then retested off the 38.2 fib level and will be making its way back down. I'm looking for it to hit 77.800 area. Cadchf is also selling. Hope everyone has a profitable week , remember to trust your own analysis.
Based on my analysis price will reach 1.3500 and possibly even 1.3400. As you can see the bears broke through 1.3600 came down and hit the 38.2 fib level. And is now currently back in its sell towards 1.3500