ScottMescudiForex

ScottMescudiForex Updated 

Hi traders, With the barrage of negative US data we been receiving, with gold showing that this run isn't over yet, with DXY showing overall weakness against all other majors.... I'm calling long from here. Also that previous wick tells us that the bear are in control. everything else is pointing the other way. We also have a nice bounce off FIB extension from...

ScottMescudiForex Updated 

Hi traders, I will keep this simple. GBP MAKING BULL PUSH AGAINSTS ALL OTHER PAIRS IN CHART ABOVE, PRICE FINNALY BROKE UPWARD FROM THAT NASTY RESISTANCE STILL IN THAT NICE UPTREND CHANNEL MACD & RSI BOTH SHOWING BULL SENTIMENT For these reasons, here's what I'm thinking : GBPJPY LONG ENTRY : 154.186 SL : 153.288 TP : 160.170 Trade safe! ...

ScottMescudiForex

Hi traders! We are back to see how our DXY friend is doing. This is not our first time covering this index. The marker makers made sure before showing its hand that we had total fakeout. This week when I said that the 92 level was big and DXY found the strength to push higher. We thought at that time that maybe DXY had somehow found something within itself for...

ScottMescudiForex Updated 

Hi traders! Uptrend channel Correction happened and now touched bottom of the trend Good opportunity to go LONG EURAUD LONG ENTRY : 1.52468 SL : 1.51963 TP : 1.58995 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex Updated 

Hi traders! USDJPY going opposite ways of gold... showing us the way! We also have that nice MACD crossing on the daily & you can add that the DXY bounced nicely to begin the week! Here's what I'm thinking : USDJPY LONG: ENTRY : 113.03 SL : 112.792 TP : 115.508 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex

Hi traders! Going along with my USDJPY analysis, we will see now downside for gold after this almost vertical bull run. DXY started this week setting this up for a reversal! Here's what I'm thinking: XAUUSD SHORT ENTRY : 1320.28 SL : 1327.23 TP : 1276.96 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex Updated 

Hi traders, Keeping it simple DXY DOWN SYMMETRICAL WEDGE BROKE UP MACD & RSI ON THE BULLS SIDE TOUCHED RESISTANCE AND DIDN'T GET REJECTED HARD I am going long here with with TP & SL that is in the chart! Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex Updated 

Hi traders! Happy new year to everyone! This will be the year where USD gets smacked around a little for the other currencies to run back where they were a few years ago. Coming into 2018, DXY got destroyed and I see this momentum still going for the first month. DXY WRECKED EU PUSHING NEW HIGHS WITHOUT GETTING SLAPPED MACD WEEKLY CROSSING FUNDAMENTALS...

ScottMescudiForex Updated 

Hi traders, Gold is looking to make a push upwards. Last few weeks, we had all kind of signal that made us thoughts bulls and bears were in control. Now that a nice bounce and push up happened, we will slowly go back up and the bulls will run with it for the rest of 2017. Here's what I'm thinking: XAUUSD LONG Entry : 1260 SL : 1252 TP : 1293 Trade safe! ...

ScottMescudiForex Updated 

Hi traders! I'm keeping this short... because its the holiday season!! DXY still down? Order block reahced Gold hasn't broke its support and bounced So with these in mind USDJPY SHORT : ENTRY : 113.04 SL: 113.329 TP : 111.092 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex

HIi traders! Basic technical analysis here, Price has been bouncing between resistance which is also 0.5 FIB extension on last big downtrend. With what happened with DXY yesterday, I thought to myself that when DXY was surging and UC couldn't break upward, it surely won't do it now. Here is what I'm thinking : USDCAD SHORT ENTRY : 1.28328 SL : 1.28999 TP :...

ScottMescudiForex

Hi traders! This will probably be the only trade I'm going for before the FOMC Statement this week. As you can see, NU is in a bearish trend that stopped itself for a breather! The price is now ranging and making lower high and higher lows. Technically, I see and drew a wedge pattern on the last batch of candles. It looks to me that we can stay within this range...

ScottMescudiForex

Hi traders, Plain and simple, price broke down support and order block. This opens up a drop to the 1230-1220 range. Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex Updated 

Hi traders, Crypto currency.... BTCUSD! Since people are all over in my ear about it, I'll drop my first analysis on this subject. As we easily all see, BTCUSD had a super good momentum going for it crashing the 10K easily and wick quickly over 11K within the same day. When I look over the last correction this pair, it lasted 4 days and had an even greater...

ScottMescudiForex Updated 

EURUSD! This pair is finally getting back to its technical roots! Let's get into it. First.. when this pair topped and started retracement back toward its first support, we completed a nice Head-and-Shoulder pattern. You can see it started from the first real break of the order block right to where it went back down hard in it. Now you thinking, this means that...

ScottMescudiForex Updated 

Hi traders, This is basically a follow up on every other chart covering this main analysis. Support again tested and back in order block This is a small risk for a great reward. Here's what I'm thinking : XAUUSD LONG: ENTRY : 1263.66 SL : 1257.13 TP : 1302.94 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.

ScottMescudiForex Updated 

Hi traders, I had this analysis done yesterday and now sharing it! DXY TOPPED AGAIN NZDUSD CAN'T CLOSE UNDER ORDER BLOCK HIGHER LOWS DIVERGENCE STARTING NZDUSD LONG: ENTRY : 0.68603 SL : 0.67733 TP : 0.7296 Trade safe! Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade

ScottMescudiForex Updated 

Hi traders, Due to personal health problems, I'll keep this short. I still wanted to update you with some forex analysis for the support you all shown me. DAILY CHART = LONGER TERM TRADE XAUUSD LONG: ENTRY : 1288.75 SL : 1280.41 TP : 1323.75 Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade