Because of fundamental datas coming from the UK, the british pound will start to outperform most major currencies and the CAD will be no exception. Price is currently supported by its trendline on the higher timeframe + we saw high volumes coming from investors earlier today, making it an interesting pair to look at for trend following in the coming days...
We have seen the SP500 create higher points on the higher timeframes and it seems that buyers are in control. We have seen price make a timid retracement today and this might be the higher low needed to continue higher. In case it retraces lower I am expecting the Fib retracement to serve as supports if needed.
The overall mood in the market is RISK-ON which means there is apetite for risk and that usually makes the NZD take value. I beleive the strong correlation that NZD has with risk apetite in the market will push EURNZD lower especially after all the lower lows we are seeing on the higher timeframe.
The CAC 40 started today's session in the green after several rebounds on the support of 7550. This key level seems to be holding and now the French index is on a bullish momentum. My medium term objective is 7840.
Price has formed on this asset a triangle which it is currently trying to break to the upside. If we manage to break it to the upside and we continue to create higher market structure combined with current macro economic conditions, my targets will be 91.48 and 93.00 .
This currency pair was going up respecting market structure but recently we saw the trendline being broken and lower structure points started to appear. An increase in volume could make price go lower quite agressively...
The UK100 has failed many times to break above the key resistance and we recently saw price break below the structure around the main key level. In addition to the technicals, the macro datas suggest that the index should get weaker within the coming days... I beleive we should see price go as low as 7405 pounds.
Happy new year traders! In this video, I highlight some important key levels for Bitcoin and also why I beleive we might see price push up shortly... Also not mentionned in the video, the recent Bitcoin ETF approval and the expected FED cut rates are important elements helping with this scenario.
Shopify is driven by optimism this week and we are seeing price push higher and higher within the 20SMA area. There is also optimism in the US indices so to me all lights look green.... My target is at 95.00
The Nasdaq performed well at the start of the year and this trend is probably not about to run out of steam. More details in the video.
EURGBP has broken out of the range and created higher market structure on the daily time. In addition of price about to break higher than the last swing high, weak fundamentals came out from the UK and are likely going to impact the pound negatively...
There is a lot of uncertainty regarding interest rates in Japan. I personally think that the BOJ will keep the same monetary policy. However, the market maintains its uncertainties and therefore for the moment there is no point in wanting to fight with the market. NZDJPY seems to me a good setup to capitalize on this uncertainty.
EURCAD continues to create higher highs and higher lows which suggests that price is not about to reverse. On the fundamental side, the euro is also quite resilient.
The dollar is currently retracing its overall trend which causes usdchf to go lower. On the 1h timeframe, price created a double top and is breaking below our suppport at 0.8910. I am expecting it to at least drop to 0.8880
UNISWAP found a support where it made multiple rebounds during the past 48 hours. Price has formed a triangle which in my opinion is about to be broken to continue higher to my indicated targets.
We can observe that this pair has created a lower structure with a break of the 365 level. With that comes the dollar retracing since yesterday... If we see weak datas coming from the dolar today, we might see a short term bearish move on this pair. To monitor...
EURCHF has been extended to 0.9465 from where it started creating higher market structure after that. If we are able to break the last swing high, this pair should continue higher to my 2 targets...
With the conflict happening in the middle east, we have seen commoditiy prices go up and this situation where gold is going up should make the australian dollar perform well as it has done in the past. Now, AUDCHF has just found a solid support at around the round number of 0.5800 and failed to create lower lows which is a sign that sellers are progressively...