The GER30 price have been trying to break out of the uptrend, seems the Bears are not giving in. From April 2021 the Bulls have been trying to push price out of the uptrend, but the it seem the resistance up there is stronger. The Bulls might eventually dominate, keeping the Instrument on the watch-list.
Germany 30 Stock Market Index have been moving in major uptrend since November, 2012 till date. There was a break out on March 2020, the market grabbed liquidity with force, mitigating with a demand zone and then rallied up with force. The GER30 is a nice instrument to trade as it respects key levels and have a nice Market Structure.
BTCUSD having touched the support line on July 2021 for the last time, the Bulls came in with force and pushed price higher than the all time high. BTCUSD have become very volatile than it used to be in past few years.
BTCUSD price started for as low as $0.00008, while it was initially released on the 9th of January, 2009. Just like the Evolution of the Earth, it moved gradually pip by pip until there was a major outburst from August 2017. December 2017, BTCUSD price crashed from $20,000 to estimately $3,000 by January, 2019 through March 2020. The Demand for Bitcoin really...
US Dollar versus the South African Rand respects key levels. This Pair moves in trend lines and patterns such as the wedges. ZAR, among African currencies, is one of the most valuable currency, issued by the South African Government. The Pair follows Market structure and it is suitable for all class of trader in the Forex Market.
USDZAR on the weekly perspective is currently at the resistance or very close to. The resistance is a key resistance level, which means the Bears have upper hand than the bulls, except the Federal Interest Rate on USD, makes the USD Bullish. Trade with proper risk management, knowing it might take time, but you will get there.
Since 2008 according to provided data, USDZAR have been in a rising wedge. Currently it is at a Head $ Shoulder zone, which means, the probabilit of the Bears taking dominion of few weeks as given.
There is a space of 50 pip that can be seen on the Weekly chart on JXY, this was due to the recent weakness on Japanese Yen. From the Monthly Demand zone, price will be fill the gap and create equilibrium between buyers and sellers.
USDCAD is correlated to the Dollar Index (DXY), if Dollar gets Bearish, watch out for the Demand zones as USDCAD respects Demand $ Supply, as well as Support $ Resistance.
This pair after price touched the All time high it reversed with impulse. USDCAD touched the Monthly support zone it reversed with impulse. This pair respects Support and Resistance levels.
The AUDCAD is an interesting pair in the Forex Market. See how it respond to key levels. Refinement into Lower Time Frame is important in analysis for this pair, to be opportune to get proper entry and exit. Will AUDCAD break the Downtrend and cause an expansion to the upside or it will decline after reacting to the top of the Trend? AUD index strength and CAD...
Three Weeks ago after EURCAD have touched the Weekly Bullish Flag, it have moved 200 pip. The momentum in which the pair reacted from the Flag, it seems it will break the Downtrend and head to the Supply zone before it makes any significant reversal or retracement.
The AUDCAD Pair is a volatile moving from points to points without really seen in range on the Monthly Time Frame. After the downtrend, price moved on both sides wildly, grabbing liquidity. This happened to mostly all AUDxxx / xxxAUD pairs, on the Monthly perspective. Further analysis on the lower time frame.
The EURCAD triggered the daily Key Demand zone and it have moved 40 pip already. There is high probability that the Bulls will push the price to 1.46 (over 200 pip from current price) I choose a long bias, but this is not up to 90% accurate. Proper risk management is important, always.
The EURCAD pair is a volatile pair. From January, 2016 it has been in an estimately 1,700 pip range. Currently the pair is at a Monthly support, probably it pulls back or declines further (50/50). I take a look at this pair until it reaches the Demand zone, before i take a decision
From the 12th of October, 2012, CADCHF the Bulls have been trying to take price higher, but the Bears are not relenting. Canadian Dollar have been Bullish for a while now, as a result of Oil. I keep this nice pair in watch list. Many scalp opportunity available on Low Time Frame.
This Pair moves in ranges, it ranges, expands, ranges expands and continues the cycle.
Ever since the CADCHF broke out of the Monthly Gigantic Downtrend, it consolidated in the range 0.741 - 0.66, estimately 1,000 pips. The CADCHF respects key levels, it is appropriate to take decisions using Low time Frame analysis.