Longing AUD/USD to 71.2 region. Chinese Industrial profits painted a bleak picture for the asian session today , however overall market sentiment and technical structure remains intact. TP and SL on screen. This is not financial advice.
We know that the JPY pairs have been doing exceptionally well from a long standpoint. I am targetting a long on NZD/CHF to continue on the risk on narrative if the market provides the opportunity. NZD strength has been lackluster as opposed to AUD which has been trending higher. Policy divergence is the reason. TP and SL are on the chart. This is not financial advice.
Going into the next few trading sessions i see a long on IT 40 as a viable position. From technicals we have potential to move lower by a further 200 points, i however see a reversal from the current region potentially sending the index higher. TP and SL are on screen. This is not financial advice.
Following Economical events out of the US I see GBP strengthening against CAD just like GBP has done against USD. Most likely strong next few sessions for these pairs. We have been in a descending wedge pattern which will soon be broken. TP and SL are on the chart. Happy Trading! This is not financial advice.
Currently we are recovering on the 4hr chart. Technicals are looking healthy for an upwards push to the 0.13-0.14 region. We are making lower highs with each push upwards however I see a push into of the range to aim higher. Potentially a push upwards starting the fresh new trading week with the Weekly candlestick close. This is not financial advice.
After a 20% pump in the price we went down to solidify the gains.We are currently gaining from the 0.038 region. As we look for further gains please see my anticipated move. Target price is 0.055 which is to be supported by the MA and declared support. This is not financial advice.
After spectating the market movements today I decided to initiate a further position. XLM/USDT may go upwards from current region to test previous support at $0.20. Double bottom has been set on the charts. RSI and MACD also point to a potential upside move. This is not financial advice.
Targeting the $1.11-$1.15 region on a rebound to test previous resistance. RSI has a positive outlook to go up further. Looking for a positive response at the $1.05 region to go up further. This needs to he supported by Major Crypto attacking previous resistance off the lows of yesterday's moves. This is not financial advice.
Waiting for a trigger in a break from the down trend to long back to previous resistance lines. Increasing downwards pressure on BTC could mean more downpour for Altcoins. I view btc price to stay in the 39000 -41,000 range before bouncing upwards. This could happen on the next two daily candlesticks. REN has more room to go down (0.29-30 region) based on...
Looking at ZIL again and the plan to long from current region should be in effect. Wait for break and retest of Downtrend with TP set at: $0.16200 , $0.18500, $0.2200,$0.26340. RSI on the timeframes is heavily oversold and we need to be up above the current 4hr MA to long further. Thanks for viewing! This is not financial advice
Looking at EUR/CAD its important to consider data coming out from the US+OIL price trajectory. With the start of the trading week approaching i have a setup to buy EUR/CAD to test resistance. The trade is for around 40-50 pips. The trigger for a buy in this scenario is a successful break upwards from current levels. A buy can be set for 1.38250-1.38100 region....
Waiting for an approach to the 0.126-0.132 region to see the price reaction. If we see a break in the down trend we can long. Alternatively we may see a turn around at current levels however i see ZIL heading down to the 0.12 support region. Longs targeting the 0.26 region on a follow through surge in the price if the market reacts positively. Not financial...
Trying to predict the markets based on technicals. Upwards momentum for Gala stalled at $0.29, creating a double top. I see a swift recovery in the price occuring following by a upwards move higher to test the $0.37 resistance. RSI is healthy on the 12 hr chart however significantly oversold on the 4hr and 2hr. Bias for a long on the 12 hr remains until we see...
Following the move in the last 4hours we could be seeing a move higher on the horizon. An initial target would be between 0.90-0.92. Crypto markets have rebounded last week and a retest on the charts could be the likely scenario where IOTA goes to. I have been monitoring my position, lets see how the next 24 hours play out! Thanks for viewing! This is not...
Looking at the chart and the way that EUR and AUD performed against other currencies we may see a stronger euro heading into Tuesday/Wednesday of this week. We have seen a strong downtrend for the EURO which i believe will create a buying opportunity to chase pips up to the previous support on a counter rally position for the euro. Thanks for viewing! This is not...
Waiting for a pattern to develop from where we can acknowledge the price to move higher. Dependent on news coming out of EU to do with Covid. Lets wait and see. TP and SL are on chart. Macro play to do with news releases this week. This is nof financial advice.
Targeting the 0.935 region for a potential reversal in price. If price stalls at this region we can try to short this pair back down for a pullback trade. TP and SL are on screen. This is not financial advice.
As we can see the price is within a channel therefore based on this we could see the price have an uptick to resistance. This could be a test which fails to break resistance and a head and shoulder pattern would form. Alternativly price may test and uproar moving forwards. I am trading this setup. This is not financial advicd , please consider your own DD and RM.