Men_of_The_Markets

Men_of_The_Markets

Looking back at the daily time frame, price broke below a daily level of support and is now coming back to retest this level as resistance. We have already seen the rejection from this level, so we'd wait for price to form a lower high before we take short positions. Targets remain at the previous low that price created.

Men_of_The_Markets

After the news on CAD, we have seen downside movements across most CADXXX pairs. Now, in this downtrend, we'll wait for a pullback to continue taking short positions. Targets remain at 87.100.

Men_of_The_Markets

We saw some strong bullish movements on EURUSD today. Now, price is retesting a 4h level of resistance. We need to see how price reacts at this level before deciding to sell. It's still a downtrend more to say, so a short opportunity could be knocking at the door.

Men_of_The_Markets

With the drop from this level, we can say that the resistance at held. Price broke above the level slightly, and broke back in, dropping from there. For us to look for sells, we need to see price pull back to form a lower high. We'll be waiting patiently for this to set up.

Men_of_The_Markets

From our last analysis, we pointed out that if price makes way above this level, we could see some more bullish movements on NZDJPY. Now, we're waiting for a pullback or retest at this level to take long positions. Targets would be a higher high along the trend.

Men_of_The_Markets

The sides have switched on USDCHF. The CPI news caused this pair to be bullish, and now we're a higher low to form at this level to produce another high. We're positioning longs on this one.

Men_of_The_Markets

As clearly shown, we see this pair bouncing off the 152.600 area. If this level holds, more uptrend structures should continue to form as this pair could continue its uptrend. We waiting patiently to see this setup.

Men_of_The_Markets

With the current bullish momentum on the USD, it is not wrong to say that nothing will stop this uptrend. Price broke this level of resistance with that momentum and could continue to the previous highs at 111.700. We'll be looking for long opportunities on the lower time frames.

Men_of_The_Markets

The CPI news took a toll on GBPUSD and this pair dropped about 40 pips. Price has retested and rejected this hourly key level, and we could see a fall to the area of 1.37500. We're locking sells here with targets in this area. Stops placed above this level, and we're good to go.

Men_of_The_Markets

The CPI news earlier today caused bullishness on USD, and now, USDXXX pairs might see more upside moves especially if they are in uptrends. USDCAD is one of them. The sides have changed. It is no longer a head and shoulder but an uptrend that might be here to stay. We would be locking longs in favor of USD, taking buys with long-term targets at 1.26000.

Men_of_The_Markets

Following last week's bearish close below the daily level of 0.91600, we price coming back to retest this area with multiple rejections all over the place. We are looking to take shorts here, with stops above this level, and targets at 0.90000.

Men_of_The_Markets

As clearly shown on the charts, price has bounced off a strong H4 support and could be heading upwards. We are looking at taking longs when price creates a higher low to signify that this bounce would produce an uptrend. Targets are above the current high, toward the 1.71400 area.

Men_of_The_Markets

After the deep dive to the downside on this pair last week, we see USDJPY slowly trying to recover. Price has traded and is now at a strong daily and H4 level. Bearish candles, wick rejections, a lower high here would confirm short sides to lock us in with sells. A fall from this level of 110.500 is likely, and targets are around 109.200.

Men_of_The_Markets

We are paying close attention to this chart pattern- the Head and Shoulder. Price could retest the area of 1.25000, create a lower high there, and continue trending the downside. This is a good opportunity to lock in short positions. Targets are at 1.23300, down below.

Men_of_The_Markets

With the intraday trend still to the downside, sells are more likely to work out in NZDJPY. However, if price breaks above the key level of 77.200, we could see more bullish sides to this pair. We remain short-biased as the lower highs and lower lows are still intact. Let us see how this plays out.

Men_of_The_Markets

As clearly shown in the charts, we see EURUSD in an uptrend. Your eyes see higher highs and higher lows along this trend. What would we expect? We should probably see another higher created, and the next stop is the psychological level of 1.19000. Longs are a better option than shorts in an uptrend. Trade Safe.

Men_of_The_Markets

After bouncing off the strong daily level of 0.07500, we see price struggling at the 4h level of 0.07800. If price finds momentum to break above this level, long entries or buying opportunities could be found when we scale into the lower time frames. Target is around the resistance level of 0.08300. We'll wait patiently to see if this sets up.

Men_of_The_Markets

Yes. We see it. Potential upside moves to $18 could be realized in a matter of weeks. CAKEUSDT bounced off a strong daily level of $14 and has subsequently respected intraday levels continuing its uptrend. If you missed a buy from this higher low level of $14.700, price could come back to test the area once more. The point being made is, trading with this...