CapitalHillFX

CapitalHillFX

Looking at UsdChf, price has been in a steady downtrend ever since it has rejected off of the monthly non-horizontal resistance level a couple of months ago. Considering the overall long-term bias for this pair is bearish, we will look to capture a short-term sell order when the opportunity presents itself. That brings us to the 4H timeframe, where price has just...

CapitalHillFX

On UsdCad, we could be seeing a potential reversal forming. Price has been in a steady downtrend for quite some time now, but it may seem like we're losing some bearish steam. If we look on the monthly timeframe, we could identify a clear support level that price is sitting at right now. This is a major factor that identifies price may reverse at this point....

CapitalHillFX

We finally found some bearish movement on EurJpy. I've been avoiding bullish buys on this pair for a while now because in my subjective opinion, it looks overbought. When we analyze price on the daily timeframe, we are currently sitting at a daily non-horizontal resistance level that could warrant a bearish reversal. When scoping down to the 4H timeframe, price...

CapitalHillFX

Looking at EurNzd, this pair has been under my radar for a while now. Mostly because price has been ranging for quite some time now since it's reached the non-horizontal support level. It may seem like price is rallying to break some market structure. if we look on the daily timeframe, price is currently testing a daily resistance level that shows some strong...

CapitalHillFX

Looking at EurUsd, it seems that the bearish reversal setup I called yesterday could be playing out! If we start on the daily timeframe, price is sitting at a non-horizontal resistance level (signaling sell opportunities). Scoping into the H4 timeframe, price has begun to break market structure by violating a significant support level. Although price has...

CapitalHillFX

Another Aussie pair that has some downside potential is AudNzd. Starting on the daily timeframe, price has had a bearish rejection off of the non-horizontal resistance level. Ever since the rejection, we've been relatively bearish since. Now, price has broken a significant support level and came back to retest it as possible resistance. When scoping down to the...

CapitalHillFX

It looks like most of the Aussie pairs took a bearish dive last night. As for AudCad, this is good news considering this aids our overall bearish bias that I called in the beginning of the week. If we look on the daily timeframe, price is beginning to break the significant long-term support level. This could be identifying strong bearish movement for the future....

CapitalHillFX

Looking at EurUsd, we could be seeing a potential reversal setup. Looking at the larger timeframes, price is in a bearish downtrend channel. I've created a non-horizontal resistance/support levels to use for context. Price is currently sitting at the monthly non-horizontal resistance level, signaling long-term sell opportunities. Scoping into the 4H, we could...

CapitalHillFX

Looking at NzdJpy, I am anticipating some more bullish momentum on this pair. On the 4H timeframe, we could see that price broke a major resistance level, and had a bullish impulse on the retest. We then found some major resistance and retraced back to the current support level. If we scope down to the hourly timeframe, we could identify a bullish rejection wick...

CapitalHillFX

On GbpUsd, I'm still anticipating a trend reversal of some sort. Even though the triple top pattern didn't play out, it seems as if the weekly resistance level is holding up very well. Price has tested the level almost 6 times, with no success of closing past it. This is showing me that price is having a real difficult time continuing it's bullish trend, and could...

CapitalHillFX

Looking at AudCad, this Aussie pair has a little different bias then the others. Zooming out to the daily timeframe, we could see that price has been creating solid downtrend structure and we are currently coming to a daily support level. Now zooming into the 4H, we could see that price just keeps creating lower highs and lower lows effortlessly. If price...

CapitalHillFX

On UsdCad, we could be seeing a potential reversal forming. Price has been in a steady downtrend for quite some time now, but it may seem like we're losing some bearish steam. If we look on the monthly timeframe, we could identify a clear support level that price is sitting at right now. This is a major factor that identifies price may reverse at this point....

CapitalHillFX

We have an interesting setup forming on AudJpy. On the larger timeframes, we could see that price is trending upwards through a bullish channel. We have just recently rejected off of the non-horizontal support level and created some uptrend structure (higher high, higher lows) after the correction movement. Now, I've identified two levels of significance. One is...

CapitalHillFX

On NzdUsd, price has been overall bullish on the larger timeframes. I've created non-horizontal support/resistance levels to contextually analyze where price is relative to the levels. We could identify that price is currently sitting at a non-horizontal support level, which signals buy setups. On the lower timeframes, price has been ranging between a...

CapitalHillFX

Looking at GbpUsd, we could be seeing a potential reversal setup forming. On the weekly timeframe, we could see price has been ranging between a significant support and resistance level. We could clearly see that price is approaching the major macro-resistance level. Now that we have our long-term context, let's scope down to the 4H. On the lower timeframes, we...

CapitalHillFX

Looking at AudJpy, we could have a potential buy opportunity. Zooming out to the large timeframes, we could identify both non-horizontal support & resistance levels relative to market structure. We could see that price is currently sitting at the non-horizontal support level, which adds to the bullish bias. Scoping down to the lower timeframes, price has just...

CapitalHillFX

On UsdChf, price is beginning to retrace back to the significant resistance level. Price could possibly be rejecting from it now, but I would wait until price fully overextends into the level before expecting some bearish rejection. Just patience for now

CapitalHillFX

Update on GbpUsd, even though we didn't get an initial bullish rejection from the level I outlined yesterday this doesn't mean the buy setup is completely canceled. On the lower timeframes, it looks as if price dipped below the level to gain support at a non-horizontal support level. Once price rejected off of this level, it bounced above the support level that...