Here I have AUD/USD on the Daily Chart! Since price last visited the 2023/2024 Fall Support Zone making a Divergent Low @ .63623 , it has continued to move higher finding Support at a Local Support Zone! After this we see a New High @ .67141! Using the Fib Tool from Divergent Low to New High, we are given a Fib Entry Zone where Price has already corrected...
Here I have EUR/USD on the 4Hr Chart! Now we see Price on EU has made a sort of "Rounded Bottom" making its official LOW @ 1.06660 Now with Price struggling with the Resistance Zone @ ( 1.08441 - 1.08266 ) it is beginning to form what looks to be a Potential CUP & HANDLE PATTERN!! This pattern after the completion of the "Bowl" is typically followed by the...
Hey everyone!!! Here I have published my outlook for Week 28 on a couple currency pairs I've been watching and had finished some analysis on over the weekend! -Will keep live trade ideas updated! -New ideas on the way!! Covers: -AUD/USD -EUR/USD -AUD/JPY
Here I have EUR/GBP on the 4 Hr Chart! Here we see Price has made 2 clear Lows ( Latter Lower than Previous Low ) with a High @ .84579 -Now to bring attention to the RSI Indicator, we can see Price is showing a different picture ( Latter Higher than Previous Low ) -We also have a Double Tap on the Lower Bollinger Bands These events add up to what seems to be a...
Here is my Weekly Update on Current Pairs I am watching! -EURGBP -AUDUSD
Here I have USD/CHF on the Daily Chart! After USD/CHF finished its Impulse Wave May 1st with a High @ .92242 we see based on the Low or Point A @ .89879 followed by a LOWER HIGH or Point B @ .91587 .. We are given all the Ingredients for a CORRECTION WAVE!! Now based on the break of the NEW LOWER LOW @ .88809, using the Fibonacci Retracement Tool, we see price...
Here I have Bitcoin on the 4 Hr Chart! In the Overall Daily Chart, price on Bitcoin looks to be Consolidated! But scoping down to the 4 Hr, we see Price has been using this Support Zone @ $64,500 - $65,500 - Feeding the Bullish Bias is purely boiled down to Technical Analysis being the: - Tweezer Bottom & - Bullish Engulfing Candlestick Pattern forming...
Here I have AUD/USD on the 1 HR Chart! Price so far has began to form what looks to be a Strong Reversal Pattern, Head & Shoulders! You can see a clear Left Shoulder falling down to the Support Zone creating our "Neckline" @ .6633! Followed by the creation of the "Head" being a rejection off the Falling Resistance back down to the "Neckline" and NOW finally to...
Here I have USDCAD on the Daily Chart! Since its High in April @ 1.38461, we have made multiple attempts at breaking this Support Zone @ ( 1.3627 - 1.3615 ) Acting as a Roof, we have a Falling Resistance where Price tested a couple times then brought False Breaks the past 2 weeks with Price dipping down to this Support!! Based off the High of April and the...
Here I have DXY on the 4Hr Chart! Price has been in quite a Downtrend since the High @ 106.517 and now with the appearance of what seems to be a BEARISH BREAK of an ASCENDING CHANNEL which if we get a VALID BREAK and CLOSE out of this Channel .. This is signs of a Strong Continuation pattern, the BEAR FLAG! The Big Push behind this weakness comes in with the...
Here I have GBP/JPY on the 1 HR chart! Price has been following what looks to be a Rising Resistance and Rising Support forming a RISING WEDGE!! Early this morning on disappointment of GBP strength, we seen price BREAK BEARISH strongly on the pattern!! I believe price is now retracing to the Rising Support of the Wedge to test as a VALID BREAK for confirmation...
Here I have AUD/USD on the 1 Hr Chart! Clear as day we can see 2 distinct Lows followed by a Pullback to .6653 Outlining what looks to be a Potential Double Bottom Pattern, I suspect we can see this pair move HIGHER!! Adding Confluence to this idea is the fact we are getting a Strong RSI Divergence on these Lows showing Price is looking to head...
Here I have EUR/USD on the 1 Hr Chart!! Price has been traveling in a Descending Channel and after the Test of the Support @ ( 1.0800 - 1.0810 ) last night, Price made a DRASTIC return to the Resistance!! Upon the Price Action you can see that Price is getting ready to break BULLISH of this Channel via the CUP & HANDLE pattern forming!! Price has given us the...
Here I have USD/CAD on the 1 Hr Chart!! Price attempted a BULLISH BREAK of the Falling Resistance but was quickly halted and retuned to the Low created before the MASSIVE PUMP! Now on closer examination, price seems to have a underlaying Reversal Pattern beginning to take "Face". A HEAD AND SHOULDERS PATTERN!! Now with our "Neckline" @ 1.36567 being confirmed...
Here I have USD/CAD on the Daily Chart! Price on UCAD has been Ranging between the Resistance Zone @ ( 1.3880 - 1.3804 ) & Support Zone @ ( 1.3223 - 1.3116 ) since Sept. 2022!!! Price revisited the Resistance Zone on Apr. 16th-17th and since has created a LOWER LOW with price finding a Minor Support Level @ ( 1.3647 - 1.3616 ) Suspecting Price may be creating a...
Here I have AUD/USD on the 1 Hr Chart! Tonight, we have seen Price make a drastic turn to the Upside back into this Descending Channel it was traveling in last week! With this False Break of the Falling Support, could we see the appearance of a BULL FLAG?!?! Now with a Bull Flag, we expect valid tests of both the Falling Resistance and Falling Support!! So far,...
Here I have EUR/USD on the 4 Hr Chart!! Upon deeper analysis of EU, the LOW created on Apr. 16th happens to be a NEW LOW since the LOW back in Oct. of 2023!! Since that low, price has been in an UPROAR! Moving fairly Bullishly! Not to mention that it seems we could be seeing the end of an Elliot Wave!! Price is currently at a STRONG ZONE tested Multiple times...
Here I have EUR/USD on the 4 Hr Chart! Price made a good push to the Upside surpassing the Highs earlier this month but then getting caught up by the Highs of April Currently Price is bouncing back and forth between the Falling Resistance and Rising Support. Potential False Break zones for both Resistance and Support are marked by the High and Low Points...