Ash_C

Ash_C

Fed holding rates steady this week and the technicals show strong signs of a corrective phase coming on gold.

Ash_C

With trade war "talks" happening causing less fear and the Fed holding rates steady this week (hawkish move) then we can expect a timely correction for both major dollar pairs this week.

Ash_C

The Fed will do whatever it takes to rid the market of all these "easy money , get rich quick traders." But then again we cant all make money without the entirety of the retail traders losing their money.

Ash_C

Chainlink is potentially one of the best projects in the crypto space right now. In the next decade if the LINK technology continues to grow and crypto really does get adopted globally at the rate it is, then this is currently my #1 project to invest in for it's price. I'd say it is undervalued.

Ash_C

it finally retraced to my support at a quarter of a cent. I'm now awaiting BTT to reach my long awaited target of 2 cents which is in confluence with my 1.618 fib from this zone. We should see this target reached by the end of the summer and a possible run up to 5 cents or even higher by the end of the year.

Ash_C

The last weekly candle closed VERY bullish. The last daily candle closed above weekly resistance and completed an inverse head and shoulders pattern. This could possibly cause a strong bull run to yearly highs. A possible move to 1788 (a long term key level) is the target. Otherwise, it could retest the current yearly high at 1765 and after retrace to this weekly zone.

Ash_C

The last weekly candle closed very bearish and entered a weekly key level which may turn into resistance again if price breaks below. Thanks mostly due to how bearish last week's candle closed, I'm expecting a break below this level. A strengthening U.S. Dollar (DXY) should also play a role in the weakening of the Euro this coming week. I anticipate a move down to...

Ash_C

The status of the UK's current economy is not in good shape. Although there has been some positive data recently such as better than expected Retail Sales and a decrease in the unemployment rate, we are still in the midst of a Covid 19 recession. Recent GDP data was released at a horrific -20.4%. Furthermore, for the first time since 1963, total government debt...

Ash_C

The status of the UK's current economy is not in good shape. Although there has been some positive data recently such as better than expected Retail Sales and a decrease in the unemployment rate, we are still in the midst of a Covid 19 recession. Recent GDP data was released at a horrific -20.4%. Furthermore, for the first time since 1963, total government debt...

Ash_C Updated 

The current 4H candle is very bullish and has broken the high of the last 4H bearish candle. A bullish harmonic had forned on the 1H chart and the last 2 hourly candles have closed bullish as well. A bullish harmonic has also been formed on the daily time frame and although no daily candles have closed bullish recently, this could potentially a retracment to the...

Ash_C

A bearish harmonic has formed on the daily time frame and the 4H candles have been closing bearish to confirm a rejection on the weekly resistance zone. I'm expecting a possible retracement down to the daily zone which is in confluence with the 0.50 fib of the bearish harmonic.

Ash_C

The Aussie Dollar has been rallying against the Yen over the past 2 months. It reached a certain resistance point and has been in a 4H range. It came back down to support again. After a bullish move up verified by 2 bullish 4H candles on support, 2 more 4H candles came back down to retest support. The current 4H has been bullish and broken the high of the last 4H...

Ash_C

Gold has once again retraced to my current weekly support and the last daily candle closed above it. Although the daily candle closed bearish, the 4H candles look like they have made support here and the last 4H broke above and closed above weekly support. A bullish harmonic has formed and it has made its way above the 0.236 fib. I have entered a buy position at...

Ash_C

This pair has reached my resistance zone just as expected in a former post. I'm expecting a move back down to retest the last resistance zone which was broken and turned into support. It was the neckline of a daily head and shoulders pattern. The last hourly candle just closed very bearish after touching resistance and it's possible that a bearish move down to ...

Ash_C

The last daily and weekly candles have both closed bullish. Last week, this pair broke above my resistance and possibly turned it into support. It is retesting this level now and if we see a bullish 4H close above it, I'm expecting a move up to the next resistance zone at 135.25

Ash_C Updated 

The EUR/USD pair has been in a range since late march and has been following the same supoort resistance zone since then. This week, the pair has reached support and has failed to break below it, despite a really strong dollar as of late. A bullish harmonic has finished forming at the current weekly support. Furthermore, the last 4H candle has closed bullish...

Ash_C

Gold has been long term bullish over the last year just as expected. With the monthly, weekly, and daily closing of recent gold prices, we can conclude that gold's bull run could potentially move further upwards to new yearly highs. Commodities and cryptocurrencies, in the coming year, will push upwards if all the political and financial turmoil in the...

Ash_C Updated 

I've been actively shorting USD/CAD this year every time it comes to my weekly resistance zone. The resistance has been confirmed multiple times this year and once again we can see that USD/CAD is collapsing after touching that same resistance. US data regarding the ADP Employment Change and the ISM Non-Manufacturing PMI came out much worse than expected today....