CapitalHillFX

CapitalHillFX

I'll be waiting for price to retrace back to the hourly zone on AudJpy. We've had a bearish rejection away from the daily/H4 resistance zone for the time being. Now I would just like to pinpoint a good entry back to the hourly resistance level. If price could retrace back to this level, we could have an ideal Risk:Reward setup. Just patience for now.

CapitalHillFX

UsdCad is an interesting pair to analyze. On the long-term, price has had a bullish push away from the monthly support level, while creating some bullish market structure on the short-term timeframes. Looking at the 4H, we could notice that price broke and retraced back to a daily support level. This level seems to be acting as support for the time being, as...

CapitalHillFX

Looking at ChfJpy, price has been in a steady uptrend on the daily timeframe. This gives us a good idea of the overall bias associated with this pair. Now scoping into the 4H, we could notice that price had a steep correction movement towards the downside. It seems like price quickly established support and is beginning to gain buying momentum once again. If price...

CapitalHillFX

Looking at UsdJpy, this pair has been doing really well for buys lately. Price has broken a daily resistance level and the retracement back to the level seems to be halted for the time being . I'll be waiting for price to break the M15 swing high level (around 110.900), before thinking of placing any buy orders.

CapitalHillFX

On GbpNzd, I called earlier in the week that price was most likely going to come back to the support level to find enough buyers. As expected, price retraced back to the significant support level. Price has been creating bullish market structure for quite some time now, so I'll only be attentive to buys. Looking at the hourly timeframe, I will need price to...

CapitalHillFX

Still waiting on some more of a bearish push past the recent lows from NzdUsd. If price manages to wipe out this daily support level, I'll wait for a retest with bearish rejection before looking for sell opportunities.

CapitalHillFX

Considering I provided full analysis on this pair yesterday, I won't go too in-depth with the specifics. I've readjusted the swing low level, and now I'm just waiting for enough bearish pressure to wipe out this level. I'll most likely wait for a M15 candle closure below the level before looking to execute anything. I have my alert set below the level, now just patience.

CapitalHillFX

Quick analysis on GbpNzd, I would like to see price come back to the significant weekly support level before placing an entry. I do believe price will make an impulse movement towards the upside, I just don't think now is a good entry. Not only is price seeming to catch some resistance around 1.99100, I feel like price may need to drop before getting enough buying...

CapitalHillFX

Another Euro pair of interest seems to be EurNzd. To start off on the daily timeframe, price has recently rejected off of the long-term non-horizontal support level following with bullish market structure. This could be identifying some type of trend reversal towards the upside. Looking at the 4H timeframe, we could notice that price has just recently broken a...

CapitalHillFX

Looking at EurUsd, we could be seeing a sell opportunity present itself. There seem to be two significant resistance levels that price could possibly retrace back to before continuing the impulse movement towards the downside. I'll be waiting to see how price reacts to each level before considering the validity of either. Adding to the bearish bias, on the daily...

CapitalHillFX

I had posted this setup at the end of last week, but it seems like price is beginning to setup. If we could get a bearish rejection away from the recent significant level broken, I will be looking for shorts. Looking at the M15 timeframe, we could identify a minute 15 swing low that would be a good trigger for possible entries if broken. So I set an alert below...

CapitalHillFX

Some of the Aussie pairs seem to have take a bearish plunge as well, so this will readjust our bias going into the next trading week. Next week, I'll be looking for a break of the next significant level, before thinking of executing a sell order.

CapitalHillFX

Same sort of situation with NzdJpy. Price seems to be showing major bearish structure that exhibit more than a long term retracement. I'll be waiting for a retracement back to this significant support level before thinking of executing any sells.

CapitalHillFX

Looking at NzdUsd, the decisive bearish push that price has recently exhibited has led me to believe that this is more than a retracement to the long term bullish momentum. We could be seeing a bearish trend reversal. Something that would confirm this bias is a break of this significant daily support level. If price manages to break this level, and come back to...

CapitalHillFX

On CadJpy, we've seem to run out of the bullish steam that the pair has been exhibiting over the past year now. Price has bounced into an extreme resistance level and is beginning to create some bearish structure for the time being. Considering price just wiped out the recent significant support level, I'll be waiting for price to retrace back as resistance before...

CapitalHillFX

Looking at NzdUsd, we could finally be seeing this pair break its range its been in for a while now. Looking on the daily timeframe, we could notice that the bullish momentum that this pair once had, has faded away. With this being said, we could start to predict that a trend reversal is in sight. Focusing on the 4H, price is beginning to break market structure...

CapitalHillFX

Looking at GbpNzd, we could be seeing a potential buy setup form. Price has been creating bullish structure since the beginning of year now. If price manages to break the resistance level that it is currently sitting at, this will show a sign of strength for the pair and will confirm our bullish bias going forward. I've created a non-horizontal support level for...

CapitalHillFX

On UsdCad, we could potentially be seeing a trend reversal in the works. Price was ranging around the monthly support level and finally broke out of it's bearish channel consolidation with a strong bullish candle closure. We seem to be testing a significant support level at the moment. If price could gain some bullish movement from this level, a buy position would...