AUDCAD is in a consolidating period in the 4hr timeframe and has reached a very strong resistance zone and it is probably going to touch our sopport which is a strong low at the 0.88210 zone. We also have a up trending trend in our sideways market. AUDCAD broke the trend with a reversal pattern of a double top and retested our trend to confirm the down trend.
EURCHF has been in a downtrend for quite some time now. Recently broke our trend and technically tells us that it is ready to buy. After the breakout it continued buying without any setback. But the market needed a breather and gave us a corrective move and a possible flag to continue the pattern been broken out of its trend. After a retest we can conclude that...
NZDUSD has been in a downtrend for quite some time now. Using a trends in trends analysis in a smaller time we have created a LL by our downtrend We have double bottom reversal pattern which indicates that buyers are in control for the moment and we are looking to catch a few pips in the upcoming corrective move. With a current negative movement of the dollar...
USDCHF is currently in an uptrend which means that buying setups that are formed are most likely to respect the setup. Comment USDCHF is a pair that likes to respect simple market structures and patterns. Is has made a flag which is currently a bit hard to spot. From this setup we can take advantage and profit from it a couple of pips to the upside.
AUDJPY is in a ranging uptrend and currently an opportunity of a buy is presented to us. The flag is a good pattern to trade because it is an everyday pattern that occur daily in all currency pairs depending in its price action. For now the AUDJPY can push up until the beginning of that flag.
CADCHF was in a down trend the past months which it was very bearish. Using the top down analysis we can see that CADCHF has broke our bearish trend and looking for an uptrend. In the 1hr time frame we can clearly see that it formed a flag pattern which is a good sign of continuation pattern to the upside and CADCHF has broken out our trendlines in the flag and...
Quick Summary As we know on my last post EURNZD was buying. Another zone has been reached with opportunities of more buy entries. An upcoming push to the upside will come in the upcoming days. With the already formed ascending triangle that has been made on our 1.80860 resistance we have a strong continuous up movement to look forward to.
AUDCAD is currently ranging in an uptrend. It has reached our support zone in the trend. As we always look for buying opportunities in a an uptrend hopefully its next move will up. AUDCAD has reached strong demand zone inside the trend which it might respect and push upwards and push to the 0.90050 zone. But failer to do so will result in it selling after the...
EURUSD has been in a consolidation period for quite some time now. It has given us a market direction now which is selling. Firstly we have a Head & Shoulder reversal pattern that gave EURUSD the momentum of the start of a down trend. With a strong dollar the possibility of it selling is high. We also have a continuation of a pattern of a flag being formed. A...
USDCAD has went up and touched a weekly resistance that has been tested multiple times. USDCAD has given us a Head & Shoulder by the resistance zone with a breakout retest. Possible sells to come to about 200pips fall for the following week. With the patterns inside our trend we are likely to continue the sells after the breakout of our trend.
AUDJPY was in a uptrend and still is in a bullish trend in the daily candlestick analysis. So far our trend in trends technical analysis shows us that AUDJPY is going to sell until 97.390 support. We also had a Head & Shoulder in our 2hr trend which it has already broken out and came to retest it confirming our sell setup.
EURNZD is in a consolidating period in the daily timeframe. In the middle of that sideways market in the 4hr timeframe we have a double bottom which has already broken out and gave us a flag which confirms the continuation of an uptrend.
The US Dollar gave a positive outlook on wednesday from positive CPI data. The dollar has now confirmed to be positive for the upcoming weeks with some corrections there and there. The following pairs will go as follows: - XXX/USD pairs will sell - USD/XXX pairs will buy
GBPJPY has always been very trustworthy in following analysis and trading patterns. We might see see further more buying opportunities from it.
USDZAR in selling after a breakout from our trendline. With a head & shoulder inside the trend that confirmed the trend reversal we will will gain a few pips with the selling train until the beginning point of the head & shoulder.
EURAUD was in an uptrend in the daily timeframe which it then broke and came to retest giving us a Head & Shoulder reversal pattern to confirm that it is going to fall.
AUDUSD was in consolidation period in the 4hr timeframe hitting our demand and supply zones. Then broke our overall trendline all the way to touch the supply zone and came back to retest the trendline giving us an Inverse Head & Shoulder to confirm the buys of the AUDUSD. With a strong dollar to confirm AUDUSDs direction we can catch a few pips to the upside.
GBPAUD has been buying since late 2022 and has been in an uptrend ever since. It broke the trendline in December 2023 and gave us a strong push towards the downside to the support in 1.85580 and still it was not ready to sell even more. It then pushed to the upside to gather enough momentum to sell. GBPAUD turned our trendline into a resistance multiple times and...