USDCAD had a beautiful rally to the upside where right now it is testing its weekly range resistance. Dollar (Dxy) seems to be bullush in the upcoming days. But before that Major USD pairs can take a small rally to the upside. Also USDCAD is stretched way too much. a small correction will be good for DXY to keep bullish momentum. Also on going elections can take...
USD JPY made a double top along with a divergence on RSI which indicates a pull back in the uptrend. Right now price has already retraced a bit. Price may go a little bit up to grab liquidity before going down again. Its a risky setup as there is alot of manipulation is this pair particularly. Managing risk in this setup will be a better approach.
NZD is looks like bottomed out against the USD. Price may reverse from current levels if it breaks above the last LH. Also, the pair is making a harmonic pattern which indicates a reversal any time soon. lets see how it goes.
NZDUSD looks like bottomed out. Price may reverse from current levels if it breaks the last LH.
GOLD price suggest a little pullback by making a Double Top along with divergence on 1 hr chart. Besides all the FUD and Chaos in the middle east and dropping interest rates around the world, Gold is still a favorite buy at this moment. Having said that on higher timeframe price looks overstretched and should make a retracement in the near future for continuation...
BTC USDT is on its way to ne ATH. Now after making a small retracement BTC looks like it can resume its uptrend. Also on 1 hr Price is making an inverse head and shoulder pattern which suggests that price can go higher.
BTC USDT is in a correction phase and is in the NDZ ( No decision Zone). Right now we are stuck in a bull flag consolidation on the higher timeframe. Anticipating a new ATH before US election would not be a bad idea but for that BTC needs to liquidate late longs and then it can resume its uptrend. lets see how it goes
USDJPY looks bearish. a correction may be possible before making a leg up. Overall trend is about to reverse into beariish as Jpy us getting stronge against DXY. lets see how it plays out.
GOLD looks like made a local top at the moment. Some retracement from this point will be healthy for bulls to keep price pushing higher. furthermore geopolitical tensions are escalating thats why it would be risky call but as we know nothing goes up in one direction. It seems like Gold is taking a breather and having a short correction from here, which will give...
GBP USD looks like it can give a reversal. Price has made a double bottom and bullish divergence on RSI.
NZD CHF is giving signs of reversal from last week sell off. A possible harmonic pattern can be seen if it breaks above point B. Aiming for the target of point D but the price could extend the rally towards range high.
NZD CHF is giving signs of reversal from last week sell off. A possible harmonic pattern can be seen if it breaks above point B. Aiming for the target of point D but the price could extend the rally towards range high.
BTCUSDT made a potential inverse head and shoulders. Outlook also seems bearish as it has left more liquidations at 48k to 50k level. A small short squeeze can be seen before a final push down to 50k level, but its just an assumption. It can go direct to 50k without any squeeze to the upside. overall scenerio points out to the downside and can give a massive...
SOL USDT is in a consolidation range. Looks like we are going for a liquidity hunt to the upside. overall market is sideways since past week. A break avove 62000 or below 56000 and close at least 2 four hour candle on either side of the breakout will confirm the next trend. until then better to play small shots.
SOL USDT is in a consolidation range. Looks like we are going for a liquidity hunt to the upside. overall market is sideways since past week. A break avove 62000 or below 56000 and close at least 2 four hour candle on either side of the breakout will confirm the next trend. until then better to play small shots.
GOLD could take a minor correction after this rally to the upside. overall sentiment is bullish on gold but we can see some small retracements. Most of the sentiment is based on international events, so it could change to any direction according to the news and circumstances.
BTC USDT is kind of making a rising wedge. After a massive selloff in the previous days it is expected that btc will more likely to go back down to test the previous swing lows to confirm a healthy correction before going to all time highs. It is to also to be noted that after this kind of sell off btc does range bound for some time for the accumulation phase....
Might be a kind of inverse head and shoulder. lets see how it plays out. Market is not showing a confirm bias so manage risk accordingly.