Rising wedge pattern forming on the Daily trendline support. Need to wait for a false break to the bottom and a resurgence of BUYS until end of structure.
EURJPY currently consolidating, may see buy pressure in the short term to daily trendline. Will scalp this to the upside.
Then Sell once we receive confirmation. This will allow us to catch multiple pips. This will be the swing trade.
Technically: EURUSD is sitting on a sensitive area, buy zone. Above a support zone. RSI is currently oversold. With higher highs, we could see even higher highs from the EURO
Technicals: Price has made a strong push to the upside and is currently retesting the zone it's pushed through recently. This in my opinion is an exhaustion. Price is just waiting for a re-injection of BUY pressure before heading to the upside.
Technical Analysis: Push to the upside to price 140.000
Daily sitting on a downtrend
A possibility for a continuation/swing trade opportunity to the downside
Once zone is broken it will be time to capitalize
From bearish engulfing candle on the daily, to another bearish candle that followed, we await the next move to this power house currency pair. My projection will be a break to the downside due to this insurmountable sell pressure.
Tendency: Downward
Sentiment: Bearish
Technical: Downtrend broken
Analysis: Gold on its Fibonacci extension has reached full exhaustion. Currently sitting around its physcological level 1490, this too being the 23.6% Fib Retracement level. This too being the long-term outlook currently.
Massive in terms of gaining understanding of golden levels. If one does not understand certain importance around key levels, then one will...
Timeframe: H1
Structure: Downtrend
Tendency: Bearish
Fundamental Analysis: With the pound potentially not getting a deal, could this spell somewhat of a recessionary period for them? Could the Yen be the safe zone for investors?
Pair: British Pound to the Aussie Dollar
Structure: Downtrend
Analysis: Bearish pressure met with an influx of bullish price pressure. Strong GBP gains. This could be influenced by the interest rate decision held by AUD this week.
Telegram: t.me
Commodity: Gold
Flow: Bearish
Trend Structure: Downtrend
Analysis: Gold sitting on critical support line. Will we see an exhaustion? Or a break to the bottom?
Telegram: t.me
Pair: US Dollar to the Swiss Franc
Structure: Uptrend
Flow: Bullish
Analysis: Continuity in buy pressure. Price is currently trending. Will we see a break or bounce on the current timeframe resistance?
Telegram: t.me
Structure: Technical Triangular Squeeze
Tendency: Downward
Fundamental Analysis: With EURO looking to ease as well as a potential for the trade war to move forth potentially further than 2020, this pair is at odds to move indifferently between the two currencies.
Telegram: t.me
Higher Timeframe Tendency: Sideways
Current Players: Bulls
Analysis: Market is slowly retracing and gaining strength to the upside, could this be interlinked with lower GDP values for the US being priced in? Or can this be for the fact the market is expecting something much greater, such as an interest rate cut?
Telegram for Setups: t.me
Tendency: Downwards
Structure: Downtrend
Current Flow: Push to the upside, breaking the downtrend that was in play. Struggling to create lower lows. May see uptrend pressure engage.
-Continuous flow on higher timeframe where we see a continuous low being respected.
-Bulls are protecting price and we starting to see a push to the upside from the area of sensitivity.
-Now we are facing a technical squeeze on the monthly
-Telegram: t.me
