GBP/USD is currently on a strong downtrend from the weekly perspective but considering current price action we may see price bullish if we see price rejecting current support level on the daily.
AUD/USD currently looks overbought though still in a very strong uptrend, a strong confirmation will be needed to go short and therefore I will be looking for price reaction below the marked out zones for strong confirmation to sell
From my study of price action from the daily timeframe I observed the following 1.From 1st March to the 8th March we saw price very bullish 2.From 9th March to 15th March we saw price strongly bearish 3.From the 16th March to 31st March we saw price play within a range Currently i'm looking foward to how price will react below the range, i'm anticipating a...
The idea of my analysis is simple as usual, we see gold currently in a range and I'm waiting for either a break above or below structure to make a trade decision with confluence from the higher timeframe.
The Dow has been bearish for the most part this year, and I believe we're about to see a bullish recovery in the long term considering current price action.
We are currently seeing price at a level it has'nt attained in a long time, price is bearish on the daily but we may see a correction before a downward continuation, there is no certainty as of now, so I'll be looking for price reaction around key levels.
We have seen the AUD very bearish on the weekly and we are seeing a recovery on the daily, we're most likely to see the AUD bullish for the next twop weeks
let's see how this analysis plays out, this happens to be my first on AAPL
Dxy has been weak since last week and as of now, I believe it's best to allow the market give us a clear signal before any further trade decisions
Considering the bullish sentiment on the GBP index and the bearish sentiment on the USD sentiment serving as additional confluence to the current oversold situation on GBP/USD, I will consider going long for at least till Thursday.
Gold is overbought with a slight bearish sentiment which may further be confirmed by resistance around daily supply
BTC is less likely to sell from what I see on the daily and weekly but negative price reaction may cause us to react differently.
BTC/USD is at a major supply level on the weekly and considering current priceaction, we can only wait for how price will react above current structure to be sure of a bullish recovery
We saw USD/CAD break below a major level of structure only to return back into structure, we are likely to see a rally to T1 as marked on chart considering the bullish sentiment in the market
We are likely to see a possible downward continuation on BTC after a break below structure and retest
USDCAD has so far respected structure despite the fact that it's in a range, I'm looking long on the cad considering the fact that it's in a viable level of demand
I will only go in for sells if I see signs of weakness below the 42800 level for now, We are however more likely to see a rally considering current price behavior .
GBP/USD has been on neat downtrend since January this year and we currently see an M pattern formation on the daily with resistance below neckline, we might as well continue bearish if we keep seeing resistance below neckline as marked on charts. I will consider going long only if I see signs of strength above level A as marked on charts since it has consistently...