NicoBeau_Capital

NicoBeau_Capital

-INTRODUCTION- USDCAD is currently moving within a wide ascending channel. The price has recently reached a new high at the 1.3070 level. After reaching a new high, the price retraced, and now aims to retest the 1.2750 support level. This is a healthy pullback, as we can see from the past price action that after price has reached a new high, it tends to correct...

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-INTRODUCTION- Last week, CADCHF has reached a new higher high at 0.7800 level. As we forecasted in our previous CADCHF analysis, we expected the price to retrace and retest the support level of 0.7500, which is also the previous resistance level that was tested multiple times. The price nicely retraced and now we will look for a consolidation pattern and a...

NicoBeau_Capital

-INTRODUCTION- Gold has recently reached a short-term lower low at the $1785 level. From that support area, we can see a formation of a bearish flag, with price slowly and nicely rising to retest the previous resistance levels. This price action illustrates a very clear bearish structure, and a healthy retracement would give us a good opportunity to sell at a...

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-INTRODUCTION- EURUSD has reach a new low at the 1.0350 level. From the new support area, we can see that price has formed a bearish flag channel, retracing slowly and nicely to the previous resistance levels. This retracement gives a great opportunity to short from a higher price level to target the recent new low at 1.0350. In addition, we can see from the...

NicoBeau_Capital

-INTRODUCTION- Last Friday, US30 has reached a new low at the $30650 level. As we forecasted in our previous US30 analysis, the price broke out from its bearish flag channel during the last US session. This indicates that the bearish trend is still very valid and we will continue to look for sell opportunities after a retracement. -TRADING PLAN- The price has...

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-INTRODUCTION- US100 is currently moving in a downtrend. This index likes to consolidate within a horizontal channel before breaking down to reach a new low. From the chart, we can spot several horizontal channels formed from the new support levels. Observing closely, we can see that when the price has retraced and reached the top of the channel, it almost always...

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-INTRODUCTION- US30 has recently reached a new low at the $31000 level. This makes the downtrend still very valid and we will look to enter sell positions after a retracement. In the 15-minute chart, we can see a sharp bearish impulse movement, followed by a slow retracement. These are good bearish structures indicating that bears are still in control. ...

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-INTRODUCTION- From our previous USDJPY analysis, we have spotted a wide head and shoulder pattern in the 4-hour chart. Yesterday, the price has arrived at the neckline support level of the head and shoulder pattern. In the 15-minute chart, we can see the price has retraced after reaching the neckline, forming a rising wedge channel. -TRADING PLAN- The price is...

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-INTRODUCTION- AUDCAD has recently arrived at a new lower low at the 0.8930 level. From that support level, the price retraced, forming a very nice looking bearish flag channel. Therefore, we expect the price to retest the previous high at 0.9100 level. -TRADING PLAN- We expect the price to rise and retest the previous high at 0.9100 level. From that resistance...

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-Introduction- US500 has retraced to retest the resistance level of $4100 after reaching the yearly low of $3860. Currently, the price has formed a three black crows bearish candlestick pattern, making a new short-term lower low from the resistance level. Therefore, we have entered our sell position to target the recent yearly low of $3860

NicoBeau_Capital

-INTRODUCTION- This week, CADCHF has reached a new high at 0.7800 level. Currently, the price is retracing, which could give us a great pullback buying opportunity. -TRADING PLAN- Our area of interest is at the previous resistance level of 0.7500, which is two support levels down from the previous high. From that area, we will watch for a consolidation/reversal...

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-INTRODUCTION- EURGBP has recently reached the resistance level of 0.8600. From that level, a big bearish engulfing candle was formed, sending the price 200 pips down two support levels. From the past price action, we can clearly see a recurring price movement. After a clear bearish engulfing pattern was formed on the daily chart, along with a high RSI, the price...

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-INTRODUCTION- In the 4-hour chart, we can spot a potential wide head and shoulder pattern. The neckline level is established at 127.200 ~ 127.500 level. A clean breakout from this neckline would indicate a strong bearish movement. Thus, we are closely monitoring the price action at around the neckline area. -TRADING PLAN- After a clean breakout, we will prepare...

NicoBeau_Capital Updated 

-INTRODUCTION- After reaching a new low at the 87.50 level last week, AUDJPY retraced and retested the 91.10 resistance level. The price tested 91.10 level twice before dropping down to break the bearish flag channel. As we forecasted in our previous AUDJPY analysis, we expected a bearish trend continuation after a retracement and that price could retest the...

NicoBeau_Capital Updated 

-INTRODUCTION- Last week, EURCAD has retraced to the previous resistance area at 1.3760 level after reaching a new low at 1.3400 level. As we forecasted in our previous EURCAD analysis, the price fell from 1.3760 resistance level and retested the yearly low of 1.3400. After retesting the yearly low, the price formed a double bottom pattern, followed by a strong...

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-Introduction- USDMXN is currently approaching the support area of 19.600 ~ 19.700. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart, we can see that before a bounce from the support area, almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could...

NicoBeau_Capital

AUDJPY has been moving in a short-term downtrend. Recently, it has arrived at a new low at the 87.50 level. From 87.50, the price formed a bearish flag channel, aiming to retest the previous support area of 91.50 ~92.00. From that price level, we will observe whether the price would consolidate and then fall to break the uptrend line. After a breakout, we will...

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Recently, the price has broken down from a horizontal channel, making a new lower low at the 133.00 level. After a sharp bearish impulse, we can see the price began to form a bearish flag channel, aiming to retest the previous support level of 136.50. These are great bearish patterns and we will be looking to enter sell positions after a retracement to the 136.50...