Dax - Short - Pre PayrollsThe Dax could move lower towards support around 14,000 as equities continue to look shaky over inflation fears and subsequent comments by Yellen that as a result rates may need to be raised sooner than previously anticipated by the market. Additionally, the RSI is at 65 indicating the index could start to become overbought as we await non farm payrolls on Friday, which could highlight further that the US economy is overheating and inflation will overshoot the FED's target rate.
Short-trading
🏛EUR_AUD WILL FALL FROM RESISTANCE↘️SHORT🔥
🏛EUR_AUD is again retesting the horizontal resistance
Last time I predicted that the pair will fall
And that is exactly what happened
And I think that just as before, wen can expect a move down
To perhaps retest the rising support
SHORT↘️
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NZD-CHF Will Fall! Sell!
Hello,Traders!
NZD-CHF is trading below the strong resistance line
While forming a bear flag pattern
Thus creating a resistance cluster
And a strong bearish bias with the addition
Of the breakout! Thus, I am expecting
The pair to fall to the nearest local support
Sell!
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🏛USD_CHF WILL FALL FROM RESISTANCE|SHORT🔥
🏛USD_CHF is trading in a falling opening wedge
Which is now below a strong resistance as well
And the price is entering a support zone
Below the two levels confluence
Therefore, I believe that the pair will fall short term
SHORT↘️
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BITCOIN Bearish Rising Wedge! Swing Sell!
Hello,Traders!
BITCOIN is trading in a rising bear wedge pattern
Which means that after trading inside it for a while
A bearish breakout and a falling wave are a likely scenario
Thus, While I don’t encourage shorts on BTC while its in the uptrend
One might consider taking profit in a Swing Long
As the breakout up is technically unlikely
Sell!
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AUD-NZD Wedge Resistance! Swing Sell!
Hello,Traders!
AUD-NZD is trading in a massive wedge on 3D chart
Also, we might notice a rising wedge inside this wedge
What concerns my bias on the pair
The proximity to the 3D falling resistance makes me bearish
So while I think we might retest it,
I think the pair will fall to the internal wedge support
So overall, swing short!
Sell!
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USD-CHF Waiting For Breakout! Buy!
Hello,Traders!
USD-CHF has reached a key support level
And is trading in a local falling channel
Thus, I am waiting for the breakout
And If it happens, I expect the pair to go up
And retest higher level
Buy!
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EUR-USD Big Resistance Ahead! Sell!
Hello,Traders!
EUR-USD has broke the first resistance on its way up
But now the big resistance is almost reached
And the recent pullback from the lows
Is already more than 40% of the fall from the top
Thus, a pullback is needed and I thunk that the pair will fall
From this resistance to the nearest support
Sell!
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EURUSD - Short - Post Inflation Data ReleaseWe see still EURUSD moving lower as the currency pair continues it's upward momentum despite higher than expected inflation data with core inflation rate YoY coming in at 1.6% vs 1.5% forecast. The EUR has been boosted by greater optimism surrounding the vaccine rollout in the EU as we await key economic data releases including German inflation and US retail sales on Thursday for any significant price action. Therefore we believe there could be some volatility later during the week but we expect prices to resume their medium term downtrend below resistance at 1.214.
EUR-CHF Breakout! Will Go Down! Sell!
Hello,Traders!
EUR-CHF was trading in a triangle pattern
Below strong resistance level
And now we can see a breakout of the support line
I am expecting a retest of the broken line
And then a bearish continuation
Sell!
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🏛EUR_AUD AT LOCAL RESISTANCE SHORT🔥
☑️EUR_AUD broke out of the falling channel
And has established a double bottom above daily support
However, the pair is now retesting local horizontal resistance
And the bearish bias is still there to some degree
Thus, I think we will see a pullback from this level
So that the pair retests the rising support!
SHORT↘️
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GBP-CAD Is Close To Resistance Sell!
Hello,Traders!
GBP-CAD
is now trading closer and closer to the resistance cluster
Of the rising resistance line and the horizontal resistance level
Therefore, I think the pair will fall once the level is reached
And Then it might retest the support below again
Sell!
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EUR-JPY Close To Resistance! Sell!
Hello,Traders!
EUR-JPY is trading in an uptrend
In a rising wedge on weekly chart
However, the pair is now trading closer and closer
To the resistance Cluster of multiple resistance level
Therefore, I am expecting a move down from the highs
To retest the rising wedge support below
Sell!
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Silver - Short - Downward MomentumWe have changed our Silver view from neutral to short as treasury yields have continued to rise despite the FED indicating in it's last press conference that rates will not be raised until the end of 2023. This has led Silver dropping significantly since then and we anticipate prices to challenge long term support at $20.8 in the coming weeks.
AUD-CAD Will Go Down From Resistance! Sell!
Hello,Traders!
AUD-CAD is trading in a falling channel
And now it is reached the resistance confluence
Within this channel, which makes me bearish
Therefore, I am expecting the pair to fall
And retest the lower levels
Sell!
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EURUSD - Short Continued Downward MomentumWe still see EURUSD moving lower as the currency pair looks to consolidate below support 1.182. This is despite better than expected Euro and German PMI data earlier today whilst US durable goods order and PMI came in lower than expected. Continued covid vaccine supply issues resulting in fears over the impact of a third wave on the Eurozone economy are anticipated to put further pressure on the Euro.
EURUSD - Short Pre Data ReleasesWe see EURUSD moving lower pre key economic data releases this week including Euro Area Core Inflation Rate YoY and non farm payrolls. Additionally, the 20 day MA has dropped below the 50 day MA indicating a slowdown in the upward momentum the currency pair had gathered since March 20 lows.