CapitalHillFX

CapitalHillFX

Looking at EurNzd, price has had a strong bullish push past the Significant Resistance Level that price has found difficulty to break in the past. Now that we've taken over this level, it could be used as potential support in the future. We are currently sitting around this Significant Level for the time being. If price could create a strong bullish candle...

CapitalHillFX

The ChfJpy trade that I called out last week would've pushed into profit at market open this week. This strong bullish push could be a predictor for future movements. We've just recently snapped past a Significant Horizontal Level. This Horizontal Level also lines up with a Non-Horizontal Support Level, which adds confluence to the predefined area. Considering...

CapitalHillFX

We seem to have a similar setup on AudJpy as AudUsd. Price has had a bearish break past the Weekly Significant Level and seems to be retracing back for the time being. Although this setup seems much more developed, I'll still be waiting for price to extend all the way into the 79.500 region. If a strong bearish candle closure is identified around this zone, I'll...

CapitalHillFX

On AudUsd, we've had a strong break through a Weekly Support Level. This could be signifying some bearish momentum for the future. Considering the long-term momentum is bearish, I'll be looking for sell opportunities on this pair. If we could get a retracement back to the Weekly Significant Level that it just recently broke, this would be a good predefined level...

CapitalHillFX

On AudNzd, price has had a strong bullish retracement back to a Weekly Horizontal Level and Non-Horizontal Resistance Level. At this pivot point, price has began to stop its retracement and look to create an H4 bearish candle. I'll be waiting to see how bearish this candle could close. If we could get a strong candle closure, I'll be looking to go short and...

CapitalHillFX

On CadChf, we could be seeing a buy opportunity presenting itself. Price is channeling throughout a bearish channel that seems pretty clearly identified. We've had bullish rejection off of the bottom of the channel and cracked through a Significant Daily Level. This could be identifying some sign of strength for the near future. I'll be waiting for a strong...

CapitalHillFX

We have a similar buy setup on AudJpy like the one we did on AudUsd. Price has a long-term bullish sentiment, but is currently retracing back to a Significant Weekly Level before possibly finding support to drive price back towards the upside for a bullish continuation. If we have a break and retest of the current Daily Resistance Level, I'll be waiting for...

CapitalHillFX

On AudUsd, I believe the long-term bullish momentum could be present around this Significant Weekly Level that we're currently ranging around. Price has failed multiple times to create lower lows and establish more downtrend structure past this Significant Level. I'll be waiting to identify if/when price manages to break and retest the Significant Level that is...

CapitalHillFX

On UsdJpy, we've recently cracked out of the downtrend channel that price was previously channeling through. We've come back to retest a Significant Daily Level, now we're just waiting for the bullish rejection. I'll wait to see a strong H4 bullish candle closure past the minor level that is outlined before looking to place buy orders.

CapitalHillFX

Looking at NzdJpy on the daily timeframe, price has retraced back to the Weekly Support Level and bounced back to favor the buyers as we could identify some uptrend structure being formed. Price just recently broke a Daily Significant Level, which helps the bullish bias that was initially set. I'll be patiently waiting for a strong bullish candle closure before...

CapitalHillFX

We could be seeing a potential buy setup forming. Price has had a strong bullish rejection away from a long-term support level and strong bullish market structure ever since. We've now broken and retested a Significant Daily Level that seems to be rejecting with bullish pressure. I'll be waiting for price to close past the recent highs before thinking of placing...

CapitalHillFX

Onto CadJpy, we could be seeing a classic Head & Shoulders reversal pattern forming. In the past, price was creating clear uptrend structure until the momentum was halted by the Weekly Resistance Level. Ever since then, we've been establishing solid downtrend structure that may look to continue in the future. For now, price is floating around a Daily Resistance...

CapitalHillFX

Looking at AudUsd, price has been playing around the Weekly Support Level for quite some time now. We're able to identify a Non-Horizontal Support/Resistance Level that price is currently channeling upwards through. I'll be waiting for price to have a break and retest of the recent H4 Horizontal Level that is outlined.

CapitalHillFX

Looking at NzdJpy, price has been creating some solid downtrend structure recently. We have broken a Daily Significant Level and come back to retest while rejecting off of the Non-Horizontal Resistance Level that is identified. I'll be waiting to see if price could have a strong bearish candle closure before placing any shorts.

CapitalHillFX

Looking at ChfJpy, we may have a buy opportunity setting up. Starting on the daily timeframe, price has shown us bullish rejection near 3 times off of the Daily Significant Level. The recent rejection was able to create a bullish rally that closed above the recent Non-Horizontal Resistance Level. This could identify a potential buy bias in the near future. When...

CapitalHillFX

We are beginning to notice some bullish rejection away from the Weekly Support Level on AudNzd. I've identified a Non-Horizontal Resistance Level that could halt price for the time being. I'll look to see identify a retracement back to the level, followed by a strong bullish candle closure above the NHRL before placing buy orders.

CapitalHillFX

On UsdCad, I'm still waiting for an opportunity to pull the trigger on a long position. We are currently consolidating around a Weekly Support Level and a Daily Non-Horizontal Support Level. This leads me to believe there could be a potential bullish rally somewhere around this zone. I'll be waiting for a strong bullish H1 or H4 candle closure before pulling the...

CapitalHillFX

Onto CadChf, price has recently presented strong bullish rejection away from the Non-Horizontal Support Level. This could be identifying some potential bullish momentum in the future. We also, have the break of a recent downtrend channel, which is also another bullish bias. For now, I'm just waiting to catch a logical entry rather than chasing the wave. If price...