BullBearMkt

BullBearMkt

EURUSD outlook on H4 is completely bearish having violated support at 1.11000. The pair likely may re-test the new support in coming days and if found strong enough, the downtrend will continue towards the daily trendline started early October.

BullBearMkt

CHFJPY has been bearish since Thursday 19/12 and this negative sentiments could continue coming week. A pullback towards resistant zone is needed for the downtrend to continue on H4.

BullBearMkt

Gold is presently facing both buying and selling pressures at its current price level. With the daily continue to be more bullish, we could see gold breaking the swing high at 1486.774 before the end of December. This will be another bullish December month if that happened.

BullBearMkt

WTI is showing evidence of weakness on its price and if there is a price rejection on a retest of the the high, then crude oil will visit some support levels before 2019 ends...

BullBearMkt

If price can be rejected at 1.29434, we could witness a short term cable reversal to the uptrend, otherwise daily bearish trend will continue.

BullBearMkt

WIth USDCHF breaking its bearish trendline, the pair is gathering momentum for a short term rally. Any decline towards 0.97996 will likely be a good entry level to go long

BullBearMkt

We published the observed short term rally for dollar index last week (see chart below) AND IF the index can violate the swing high at 97.84, then we could possibly see dollar rally up to 98.30 before bears can be bold enough to attack. Again, longer time is still bearish and the index can reverse downtrend any-moment...

BullBearMkt Updated 

EURUSD now on H4 correction while higher timeframe is still bullish. Price likely to re-test 1.0964 or below before making another attempt to rally. GBPUSD which is now bearish on daily is a major risk for EUR. In such case, there will be a risk reversal at a shallow level at 1.11569.

BullBearMkt

BTCUSD re-testing this low is still bullish on H4

BullBearMkt

With GBP index at the extreme optimism level, it could possibly mean the time to short the currency is around the corner - just in wait for further price rejection after the inside bar candlestick

BullBearMkt

With GBPJPY showing extreme optimism on the daily chart, it is possible there is a pullback if the price also witness another price rejection as observed in CADJPY.

BullBearMkt

We saw CADJPY rejected at its resistance level on Friday, any further price rejection at this zone on Monday, will indicate the pair is ready for a short term pullback

BullBearMkt

Gold has been in corrective wave since mid-August and now bullish on daily. For now, I am neutral on gold until I see the weekly sentiments turns to bull (weekly sentiment is bearish). A rally above the bullish wedge can change the weekly dynamics. Seasonality, gold is bullish, so a pullback on daily towards after weekly outlook changes will be a good entry for buy.

BullBearMkt

On the daily, a pullback of AUDUSD towards the trendline could be a good zone to go long on the pair as the sentiments for both weekly and daily are still bullish (as indicated in our post last weekend - see chart below).

BullBearMkt

NZDUSD is now giving evidence of exhaustion on its rally. With the rejection candle observed on the daily chart, any rally will be greeted by some bears

BullBearMkt

Weekly market sentiments is still bearish, any rally to the resistant zone is a selling...

BullBearMkt

With the Dollar Index at the extreme bearish sentiment on the daily, the index likely to make a short term rally in order to re-test some resistance levels

BullBearMkt

Only NZD was more bullish than GBP last week making GBPNZD pair to retrace back inside the bullish wedge. Potential reversal level is at 1.99320, if this level is violated, then 1.97769 stands to reverse