KB_MarketAnalysis

KB_MarketAnalysis

DXY currently retracing, approaching the 50 EMA, following the job reports last Friday. Weekly and monthly charts are currently on a bearish momentum whilst the daily time frame currently on the oversold zone. This might hint a final leg of the trend or a correction might take in place. The plan is to take a short trade after a confirmation candle upon touching...

KB_MarketAnalysis

The pair is looking to do a pullback before continuing with its bullish movement which has been dominant for the month. All time frames down to the 4h are with confluence with the big money movers. The strategy is to wait for the pullback and confirmation before going long with stop just below the major liquidity zone. First TP zone would be the mid of the swing...

KB_MarketAnalysis

GBPAUD is currently on a retracement level and we need to observe if it bounces of the 1.9452 or the 1.9497 levels. The 1.9452 level is with confluence with the 50EMA dynamic resistance level which has been respected 4 times. If we get a confirmation, we can short the pair with our TP to its most recent swing low which will give us a minimum of 1:4 RR Ratio.

KB_MarketAnalysis

The Kiwi Aussie Dollar has been surging since start of February this year. At the 15m chart, the pair is approaching another retest of the 50EMA dynamic support level. If we see a price rejection on that level, we can short the market with our stop loss above the 23.6% Fibonacci retracement level and our TP on the previous swing low. This gives a 1:2.8 RR...

KB_MarketAnalysis

The Sterling Dollar pair is at its lowest since November 2019. It's been surging since 3rd of February and is currently doing a pullback. The price is approaching a minor resistance zone with confluence with the Fibonacci 38.2% retracement level. It's been bouncing off this level for a week now. If the price goes past the 38.2% retracement level, we will need...

KB_MarketAnalysis

The pair respected the 50EMA on the hourly chart for the third time. However, the bears are unable to push the price lower forming a minor support line just beneath the current TP zone. The price is approaching the 50EMA and looking at the Fibonacci retracement, we have a level at the 1.7821 which is just above the 50EMA and within our current zone. If the price...

KB_MarketAnalysis

GBPCHF bounced back off a minor support level and looking to retest the 1.2342 resistance zone before carrying on with the bear trend. This is also with confluence with the stochastic and rsi oscillator both in oversold zones. Looking at the daily chart, the pair have dipped since 17th of February and has never looked back. The market is looking to breath before...

KB_MarketAnalysis

Looking at the trend pattern, there's a potential that the price will go up to the Wave 5 which might signal that there's a potential that the trend is approaching its end and could result in a correction or a reversal. Looking at the daily chart, we see the price rally beyond the 0.0129 resistance zone but clearly gets rejected which signals that the bulls are...

KB_MarketAnalysis

With a constant rejection on the 1.9709 looking at the daily chart, is it forming an ascending triangle and could thereby break out of this level? Also looking at the stochastics, with the price having higher highs and higher lows, the oscillator is showing a hidden bullish divergence by having lower lows. Looking at the monthly chart, we can see a clear...

KB_MarketAnalysis

As you can see on the chart, the pair is currently on its fourth retest of this key resistance level. If we drill down on the Daily chart, the most recent candlestick is a doji which shows indecision. However, if we look at the stochastics and the RSI, both are going to the overbought areas. With the addition of a key resistance level, these signals are quite...

KB_MarketAnalysis

OANDA:GBPSGD The pair formed a double top from the 1.8214 resistance level on the daily chart which was at its highest since May 2018. The pair formed a dynamic resistance at the 50 EMA on the hourly chart and I'm expecting a pullback from the 1.7940 support level and will carry on its bear movement. I'm expecting the pair to go down and test the 1.7823 support...