NicoBeau_Capital

NicoBeau_Capital

AUDNZD has reached a key resistance level of 1.1000, followed by an immediate sharp price rejection (a doji star plus a large bearish engulfing candle). Since 2020, all two long-term bearish reversals have occurred from this level. However, we know that the trend of AUDNZD is persistent. Therefore, we want to make sure that a reversal has actually occured before...

NicoBeau_Capital

Last week, GBPUSD has broken its descending triangle pattern and dropped more than 200 pips, arriving at a new yearly low. This price movement indicates that the bearish trend is still very valid. Therefore, we are only looking to enter sell positions for GBPUSD . The price is currently in the impulse stage and at an important weekly support level of 1.2700;...

NicoBeau_Capital

Since early 2021, Bitcoin has been moving in an approximate range of $30000 ~ $66000. The price movement has been divided into clear bullish and bearish segments. In each segment, we can identify continuous chart patterns supporting each movement.  Currently, the price is moving within a bearish segment . After price has reached a yearly low of 33000 back in...

NicoBeau_Capital

Don’t get us wrong. We do agree that EURCAD is moving in a long-term bearish trend, with price making lower lows after breaking its previous support levels. However, we do see that there are several bullish signs pointing to a possible exhaustion of this bearish segment. EURCAD is considerably a stable pair and follows clear periods of trending and consolidation....

NicoBeau_Capital

Last week, US30 has failed to break its April high and formed a double top. It is followed by a sharp price drop breaking the neckline of the double top. This movement is very similar with the scenario back in February, where the price formed a double top, followed by a sharp bearish impulse breaking the neckline. The price eventually retraced back to the neckline...

NicoBeau_Capital

US2000 is currently moving in a clear ascending channel, accommodated by its recent higher high and higher lows. In the 4-hour chart, we can see that a double bottom has formed at the bottom of the ascending channel and price has recently broken its neckline. This further confirms the bullish momentum. Now, our task is to buy the pullback. The potential buy...

NicoBeau_Capital Updated 

Gold has recently reached a high of 2070, which is the price level back in the summer of 2020. However, a sharp bearish impulse took place immediately from the 2070 area. Currently, the price is moving within a bearish flag structure. This scenario is very similar with the price action pattern back in 2020 summer, and we believe that the price could again drop...

NicoBeau_Capital Updated 

The recent US interest rate hike and an “unexpected” dovish statement given by the ECB during the EU interest rate decision last week provided further bullish momentum for the DXY. However, no key levels are actually broken at the moment and DXY is still moving well within the yearly channel between the level of 89~90 and 102.50~104. DXY is currently in a clear...

NicoBeau_Capital Updated 

EURGBP has reached a new 5-year low last month,dropping to the area of 0.8200. This gap hasn't filled yet, and now the price is on its way to test the 0.8200 level again after completing its retracement from the 0.8500 level. The price is currently moving within a bearish flag structure and has retested the previous support level but was rejected. From here,...

NicoBeau_Capital Updated 

The value of Euro dropped significantly this year due to geopolitical tension between Russia and Ukraine, which has led to an inflation in Europe. Furthermore, US raising the interest rate and a dovish statement made by the ECB during the last EU interest rate decision further provided bearish momentum for the Euro. EURUSD is now channeling in a clear downtrend,...

NicoBeau_Capital

Since earlier this year, all European bonds have extended losses due to the impact of Ukraine war. The downtrend is persistent; therefore, the only trading action we will take is to short the market. Among all European bonds, the Italian government bond (Euro-BTP Futures) drops somewhat in an orderly fashion (breakouts with clear pullbacks). Therefore, we will be...

NicoBeau_Capital

Since the January of 2021, UK Gilt futures has been trending down sharply. One of the main reason why I always enjoy trading bond market is that its trend is very clear and also persistant. The price often follows a textbook style of breakouts and retracements, occurring at clear support and resistance levels. Recently, the price has made a new low and aims to...

NicoBeau_Capital

Currently, Bitcoin is moving in a range of $30000 ~ $65000. The movement is divided roughly into two semi-annual cycles from where the price moves from trough to peak and vice versa. The price is currently in a downtrend and moving within a bearish flag strcuture, which was formed after the price has dropped to a low of $33000 from the peak area of $65000. The...