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Breakdown

USDCNH | MY PERSPECTIVE FOR THE WEEKSince my last publication on this pair (see link below for reference purposes); price has moved over 500pips in our direction followed by a correction move with the anticipation of a further decline scattered all over the place! As USDCNH risk a further decline in the following week, a retest of my Key level is red flag to watch out for in the following week(s). Tendency: Downtrend ( Bearish ) Structure: Retracement | Trendline | Breakdown | Supply & Demand Observation: i. Breakdown of my Key zone @ 6.98000 followed by a retest of this zone in the following week confirms my Bearish bias on this one. ii. Correction of Breakdown impulse leg appears to culminate at my key zone which is 61.8 retracements. iii. It is also worthy to note how selling pressure has been strong at the corridors of my Bearish Trendline since it's inception in June 2020. Trading plan: SELL confirmation with a minimum potential profit of 600 pips. Risk/Reward: 1:3 Potential Duration: 3 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
CADCHF | MY PERSPECTIVE FOR THE WEEKDespite the Bullish run (Corrective move) from late July 2020; The anticipation of negative numbers and economical dent from Unemployment rate and Net Change in employment was not a convincing yard for a continuing rally. Price broke out of my Key level in the beginning of the week only to Break down and close below this level in the latter part of the week inciting a much good reason for Buyers to step aside for a better deal in the following week(s). Tendency: Downtrend ( Bearish ) Structure: Retracement | Trendline | Breakdown Observation: i. The fall of price that began mid-July appears to continue its second phase of decline after completing a correction into 61.8 retracements of impulse leg. ii. Breakdown of my Key level @ 0.68300 is enough signal for me to consider Bearish bias this coming week. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward: 1:2.5 Potential Duration: 3 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
NZDUSD | MY PERSPECTIVE FOR THE WEEKThe NZD/USD pair is struggling to make a decisive move in either direction amid a lack of significant fundamental drivers in the latter part of the week. I am keeping a tab on a possible driver this week as we await Monetary Policy, RBNZD Rate and Interest rate decision on Wednesday for a possible headway. The NZD/USD pair closed the third straight day in the positive territory on Thursday but failed to preserve its bullish momentum on Friday which is a signal of a strong move coming in the following week(s). With over 80pips in our direction (see link below for reference purpose) before experiencing a decline later in the week; insinuates a weakness of Buyers to push the price to complete Harmonic expectations (AB =CD) hereby making 0.66000level my Key level again for this week as I shall be looking at price reaction at this juncture in the market. Tendency: Downtrend ( Bearish ) Structure: Channel | Trendline | Breakdown Observation: i. A Breakdown (0.66375) and Re-test of Current Bullish Trendline (0.66900) on 4H gives a clue in the direction of a shift at the moment that drives towards a Bearish bias. ii. I was expecting the price to make a Harmonic move (AB = CD) last week but unfortunately, it didn't as the 0.66900 level appears to be a level packed with Selling Pressure driving price further down. iii. A significant Breakdown of my Key level in the following week(s) shall be a Bearish signal for me as I will be anticipating a hit of my Daily Trendline (seen on the chart) which also coincides with the nearest major Support @ 0.64000 (a psychological level). iv. It is worthy to note that the economic news coming up mid-week shall be a significant driver in the direction of market participants in the following week(s). Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
USDCAD | PERSPECTIVE FOR THE WEEKMy bias on this publication last week (see link below for reference purposes) was rendered invalid as price broke down 1.33800 level given rise to a stronger CAD, which might result in a further decline as price retest 1.38000 level. The Loonie appears to begin the rally off of a backdrop of upside economic surprises and stronger commodity prices. Buyers couldn't continue the moment despite good figures resulting from NFP positive outlook on Friday as the price appears to stall at 1.33800 (Breakdown zone). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Channel Observation: i. Since Breakdown/Retest of 1.35000 level in mid-July 2020, the Bulls have found it immensely difficult to raise the bar resulting in a Channel to the downside. ii. As selling pressure increase from my Key level @ 1.35000, I shall be looking out for Sell confirmation in the coming week on this pair. Trading plan: SELL confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:3 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCNH | WEEKLY PERSPECTIVERecent upbeat data from China standing in contrast to the sluggish US statistics, the Bears once again are gradually regaining control as Sellers bombard 6.9900 level, down 0.15% on the last day of last week. With a meagre 45pips since my last publication on this pair (see link below for reference purposes), my Bearish bias still persists as price action has been caught within a consolidation phase with the anticipation that a Breakout from this range might be emphatic in the following week(s). Tendency : Downtrend ( Bearish ) Structure : Channel (Bearish Rectangle) Observation : i. The fall of the USD since the beginning of July 2020 appears to continue even though we had a heavy consolidation pattern throughout the later part of last month. ii. My Key level at 6.98000 is still a level on my radar in the coming week as I anticipate a significant Breakdown considering the selling pressure @ 7.00500. iii. Kindly refer to my previous broadcast on this pair as the Harmonic expectation (AB = CD) is still in existence. Trading plan : SELL confirmation with a minimum potential profit of 550 pips. Risk/Reward : 1:3 Potential Duration : 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
USDJPY | WEEKLY PERSPECTIVEThe Greenback began a downward spiral at the beginning of last week as it came under strong Bearish pressure with the souring market sentiment to Breakdown my Key level @ 106.500 later in the week. With over 125pips in our direction since my last publication on this pair (see link below for reference purposes); the scope of the USDJPY pair to extend the decline becomes more pronounced. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Support & Resistance | Supply & Demand Observation: i. Price action fell into an indecision pattern since early June 2020 to finally Breakdown of the Channel late last week. ii. Breakdown off of 106.500 signals an extension in the decline of the USD as I anticipate a correction into this level for rally continuation. iii. A Breakdown coinciding with Bearish Trendline @ 106.000 further confirms my bias. Trading plan: SELL confirmation with a minimum potential profit of 160 pips. Risk/Reward: 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
💣 ATTENTION! Powerful Brent breakdown! Opportunity to make $ or💸 Friends, we hope the graph is clear, which is more likely to happen. Risk / return ratio at excellent levels. Unfortunately links and names where we trade can not be placed, as the administration blocks all posts, but we think you can easily find us if you want in social networks! 👉 And the most important! Please remember that any bet can lose, and invest no more than 2% of the capital. Manage wisely! According to our system of 4 screens, this is a great opportunity!
OLong
by ivan_gold_star_
USDCAD | WEEKLY FORECASTAs the Greenback appears to be losing steam across major pairs; A Breakdown of our Key level (1.35500) last week is a significant Bearish signal for us. Tendency: Downtrend ( Bearish ) Structure: Break-down | Support & Resistance Observation: i. . 786 retracement of the most recent Bearish Impulse leg culminates at 1.37000 followed by a Bearish momentum. ii. The Bearish momentum which started last week finally breaks our key level @ 1.35500 which also coincides with a Breakdown of our Bullish Trend . iii . Expecting a further rally to the downside in the following week(s) with a 1.414 extension target. Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward: 1:3 Potential Duration: 4 to 8 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Nirvana! Forex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published byme for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry