NZDUSD Has formed a bearish flag inside this big channel formed. The following key level and the lower boundary is the key point where I am personally looking at the moment. If the bearish flag forms a breakout then we may see a dump following the breakout and revisit the levels close or below 0.66. A price action that may get supported on the lower boundary will...
USDCAD Confirmed a nice breakout on the following trend line picked up but at the moment the price is on a pullback which managed to revisit the trend line. If the breakout remains strong and valid with more bearish pressure then we may see a dip back towards the support highlighted on the structure. The structure formed is an ascending triangle followed up with...
USDJPY has revisited this major resistance after more than 6 years of bearish run since the sell-off happened at this level in 2015. And now I have a very close watch on the following bullish leg which supported a visit back to this area forming a nice 5 wave impulses. A well-managed position after a clear breakout on the trend formed in minor timeframes will...
USOIL's monthly resistance is playing an important role in all time frames. Even on the higher timeframes, we can clearly see that the price got faked out by breaching the upside with a fake bull run. The following resistance is holding stronger against the bulls while we see strong selling pressure in the 110 price area. I have a decent expectation of a further...
US100 has taken a blow towards the minor resistance to complete the harmonic pattern and now we are on a pullback towards the support we have highlighted before the next liftoff. A well-managed short position will be generating good profits in the short term. After the completion of the expected pullback, we may see a good rally with a nice reversal formation on...
Market Instrument: AUDCAD Timeframe: H4 Analysis: Technical Structure: Breakout and Resistance Prediction: Bearish AUDCAD has revisited the resistance at 0.9426 which we have seen as a sell-off zone. In this case, we see a pullback happening to retest this level to crush further downside with more selling pressure.
Market Instrument: GBPAUD Timeframe: Weekly Analysis: Technical Structure: Support and Reversal Prediction: Bullish GBPAUD has revisited important weekly support where we have seen many reversals and strong bullish pressure or buying interests appeared. Expecting the history to repeat itself after a huge crush on this pair with the support formed at 1.74
Market Instrument: DOGEUSDT Timeframe: DAILY Analysis: Technical Structure: Resistance and Reversal Prediction: Bearish DOGE has formed a big triangle on the daily timeframe where this requires a bullish breakout now. The upper boundary on the following triangle is remaining stronger and acts as a resistance to control the buying pressure for a few months....
Market Instrument: CADCHF Timeframe: DAILY Analysis: Technical Structure: Resistance and Reversal Prediction: Bearish CADCHF has revisited the resistance once again. Here we can see a considerable amount of selling pressure has formed during each visit on the following resistance. If the price is respecting this resistance one more time then we will see the...
Market Instrument: BTCUSDT Timeframe: DAILY Analysis: Technical Structure: Key Level and Reversal Prediction: Bullish Bitcoin has confirmed the breakout on the key level now where this has a potential of revisiting the next minor resistance level formed close to 52K as highlighted on the chart. A minor retest may be seen on the key level which has already been...
Market Instrument: AMZN Timeframe: DAILY Analysis: Technical Structure: Distribution Zone Prediction: Neutral AMZN is playing inside a distribution zone for some time recently. While the recent breakout to the downside has got faked out by a move back inside the support highlighted on the chart. For the moment the AMZN can revisit the resistance highlighted but...
Market Instrument: AAL Timeframe: DAILY Analysis: Technical Structure: Key Level, Descending Channel Prediction: Bullish AAL is running inside a strong descending channel where it requires a breakout on both the key level and upper boundary of the channel formed to continue its bullish run ahead.
Market Instrument: GBPUSD Timeframe: Daily Analysis: Technical Structure: Descending Channel, Key level and Lower boundary Prediction: Bullish GBPUSD is on a major key level and is also respecting the descending channel on the lower boundary. Hope this bullish reversal expected will be supporting for a breakout to form on this following channel and to continue...
Market Instrument: EURUSD Timeframe: Daily Analysis: Technical Structure: Descending Channel, Impulses and Lower boundary support Prediction: Bullish EURUSD is on an important structure where we have seen many consolidated candle closings close to the current market price level. Also when we watch close enough on the daily and lower timeframes the price has got...
Market Instrument: USOIL Timeframe: Weekly Analysis: Technical Structure: Resistance and Retracement Prediction: Bearish USOIL is respecting the resistance formed close to 113 and the weekly chart shows a faked breakout on this resistance and now retracing or pulling back to retest the resistance one more time before the crush. Here I expect the price to fall...
Market Instrument: GBPCAD Timeframe: Weekly Analysis: Technical Structure: Support and Retracement Prediction: Bullish GBPCAD Has visited the weekly support once again. This support has created a nice bullish trend to the upside at this level as it's showing a good buying interest around this area. Hope the history repeats itself on this support for one more time...
Market Instrument: USDJPY Timeframe: Monthly Analysis: Technical Structure: Monthly Resistance, Bul trend Prediction: Bullish USDJPY is outstanding these days and ruing the market. So yeah this can easily revisit the monthly resistance formed close to 124.00 in the price area where this seems to be a major sell zone while considering the historical price actions....
Market Instrument: GBPNZD Timeframe: Weekly Analysis: Technical Structure: Weekly Support and Retracement Prediction: Bullish GBPNZD is on a major support level on the weekly timeframe where this place created a good buying pressure or interest previously which supported this pair for a considerable amount of growth during each bullish run formed by this support....