Mancoba_Thabethe

Mancoba_Thabethe

Hi Traders In the past weeks USDCHF has bounces of the support zone at 0.90940 while forming lower highs creating a descending triangle pattern. After a brief consolidation and waiting, the bears finally made a breakout to the downside, further continuing in a downtrend. I set a intial sell entry so let's see how the market plays out. Thanks for...

Mancoba_Thabethe

Hi Traders! Since the month of November started the bears have been in control on higher timeframes. We've seen EURGBP form lower lows and lower highs on most timeframes but recently the market made a strong push up (from point A - 0.88616 to point B - 0.90044) forming a lower high and continuing in the overall market direction. In the last two days the market...

Mancoba_Thabethe

Hi traders, I came across this triangle setup which might be looking to make a breakout to the upside to start a new uptrend. So far the pair in in a descending triangle pattern looking to build momentum to break the resistance of the triangle after multiple rejections of the support zone below the triangle at 1.90170. The ghost feed shows how I think the market...

Mancoba_Thabethe

The pair is still consolidating in a triangular formation. With the fundamentals favouring the recovery of the South African Rand(ZAR) we might see the pair break to the downside and continue the downtrend.

Mancoba_Thabethe

So far the pair has been moving in a bearish channel. So far the market has bounced to the upside and looking to hit the upper resistance of the channel. A strong rejection will indicate a continuation of the bearish channel. A breakout will signify a reversal and the start of a new trend.

Mancoba_Thabethe

Be sure to be on the lookout this bearish movement formed in the channel and take opportunities in it. More setups will be uploaded.

Mancoba_Thabethe

GBPUSD has been in a upward momentum over the past weeks. We've seen potential reversals that failed so the pair is most likely to break on the upside and continue the trend. Disclaimer: Analysis is subject to market changes.

Mancoba_Thabethe

Nasdaq is still pushing to the upside despite the deep pullback to the 11 821.80 area. We might see it soar to 12 300.00 in the coming weeks.

Mancoba_Thabethe

Wait for neckline to break then sell. Analysis is subject to market changes.

Mancoba_Thabethe

Looking at the pair it might push up in the coming week.

Mancoba_Thabethe

Disclaimer: Analysis is subject to market changes.

Mancoba_Thabethe

Although we are still in a uptrend on the daily timeframe, it looks like it's coming to an end as the pair is forming a double bottom reversal pattern on the one hour chart. Although a reverse on the hourly chart is not to be taken as a indicator for a new longterm up trend. The RSI also formed hidden Divergence signalling that the bearish momentum is weakening...

Mancoba_Thabethe

As the pair first bounced off the 78.330 support zone I has been making multiple rejections off the support zone but with little momentum to the upside. We have seen the pair make lower highs the previous week forming a descending triangle pattern, signaling that we might see a break of the support zone as well the the triangle pattern as a whole. Thanks for...

Mancoba_Thabethe

As EURGBP reversed and broke the upper resistance at 0.90300 we are likely to see it move passed the level before coming back to retest it giving us a high probability buy setup supported by the trendline support rallying up into the major resistance at 0.93000 Thanks for viewing. Comment with your thoughts I'd like to hear them. Disclaimer  the content on this...

Mancoba_Thabethe

After ending its week with consolidation after consolidation, we might see the pair make a breakout to the down side after failing to break through the 107.100 resistance zone. Our next major support is at 106.00 Thanks for viewing. Comment with your thoughts I'd like to hear them. Disclaimer  the content on this analysis is subject to change at any time without...

Mancoba_Thabethe

USDCAD has been consolidating at the 1.35400 zone after making a falling wedge pattern on the 4 hour timeframe before consolidating and making high highs and higher lows shortly after, ending the previous day on a bullish pinbar candlestick rejecting the 1.35400 zone. We are likely to see the price going bullish all the way to the 1.38500 zone. Thanks for...

Mancoba_Thabethe

While this pair has been in consolidation while making its retest, on Friday it further dropped confirming the rest. We are likely to see it plummet further this coming week. Thanks for viewing. Comment with your thoughts I'd like to hear them. Disclaimer  the content on this analysis is subject to change at any time without notice, and is provided for the sole...

Mancoba_Thabethe

Over the past weeks we've see CADCHF bearish and this past we it was the same just with low volatility and liquidity. The pair made a ascending pennant pattern before the sellers pushed for a breakout to continue the bearish moment. We might see the same sellers looking to push the price further down this week. Thanks for viewing. Comment with your thoughts I'd...