XME is the metal and miners ETF. See reference info here . It is Not Yet bullish, nor rallying, But appears to need to close above 27.50 for the week for it to properly attempt a technical bullish rally...
NZD/JPY is approaching a somewhat strong support level and an uptrend line.
looking to finish A WAVE. after we should be retesting 9200
EURUSD has re-tested the key support level and is potentially forming a double bottom pattern on the 4hr timeframe. We could look to enter above the candle high with stops below the key level. Targets would be the current swing highs.
YOYO/BTC 4hr chart is showing a breakout here. Momentum is gaining as well. There is low volume and you should wait to see it close above Kijun Sen before entering to make sure it does not act as resistance on the 4hr. The Daily Kijun - red line - seems to be acting as a strong support as the 4hr has tapped it at least 5 times. If this next 4hr closes and...
The Aussie is showing us interest in a Long Move with it breaking above and retesting a highly respected price level.
Patiently waiting for a nice 1,2,3 set up for the Aussie, I believe we found ourselves in a buyers market as long as we get price to break its previous swap level.
Double bottom at a key level of support, I see the Euro improving this week breaking into higher highs.
Bullish engulfing candle, waiting for exhaustion before looking to enter long.
Buyers are very interested in this new level of support to show a uptrend continuance. Daily Bullish Hammer Close previously shows there is a rejection at the level.
Double bottom forming at support with a 4 hr bullish candle.
We are taking advantage of the respect trend line that has been used as a level of resistance and now support. I see price testing its support another time before taking off bullish.
The Euro has not been showing a loss in momentum or hint of weakness towards the Kiwi. Minor Resistance has been broken, i'd like to see price come back up and test its major level of resistance, if there's a nice pullback into previous structure then that can very well be a long opportunity.
The Euro has definitely picked up the pace since last week, i'd like to have a clear sight of the Euro breaking its resistance before entering this pair. I'd target the next level of structure because there may a chance of reversal because it'd put us a little below the 61.8% retracement level if you fib the major impulsive wave.
I see that shorting the Canadian/Yen is a bit too late and risky for the potential target (40 ish pips). My best bet is to patiently let price reach its targets then to find reason to enter long. Price action is hinting us that if price does reverse, we are looking at price come down to its squeeze, meaning we may see a breakout of this Descending trend line.
I've been waiting for this breakout for sometime, very very interesting idea. In the chart we see a breakout of a Inverted Head and Shoulder Pattern but what also brings a lot of attention is price breaking out of this weekly descending trend line. Price has retested this trend line which is also a swap level that I've presented in the rectangle box. Opening of...
Since the AUSSIE/US DOLLAR are correlated with the AUSSIE/CANADIAN I find it to be appropriate to share both pairs with a similar idea. The Aussie certainly showed very high momentum in price action with a generous push to the upside breaking very respectable swing lows. Last time price used this level as Support we did find price pushing up without hesitation....