Uzi-Trades-Forex

Uzi-Trades-Forex

A giant inverted cup and handle spotted on GBPUSD daily timeframe. With the recent turn of events in Russo-Ukraine war, we are getting witnessing history in the commodity prices. Gold touching 2000 meanwhile USD, GBP and Euro taking a hit. Following this, we are 65-70% positive that bears are taking over GBP on cable. A giant cup and handle and a broken lower...

Uzi-Trades-Forex

What I am about to tell you, BOE is not gonna like it. What we see on the chart here is the lower weekly trendline (red) being broken leading to a possible downtrend initiation. If the next weekly candle opens below or exactly at the current price, which is very likely, we shall then call the lower trendline broken. The next sign in favor of bears we have is the...

Uzi-Trades-Forex

Alright, apparently USD is losing grounds against CAD. Breaking 1.2689, which it shall probably will, open way to 1.2600 and 1.2500. Huge shooting star (inverted hammer) on weekly timeframe, with marketing stabilizing itself from the sudden spike on oil last week. Chances are, we might actually see Loonie Dollar struggling between 1.2600 and 1.2700 for the...

Uzi-Trades-Forex

Nasdaq undergoing a drastic bullish reversal which is now confirmed by a hammer on weekly timeframe. Expect bulls taking over the major American index from this day onwards. 14958 is in sight with targets extending to 16000+. Expect corrections to 61.8 fibo which might extend to 38.2, beyond that, bulls start losing confidence lol. Manage your risk appropriately,...

Uzi-Trades-Forex

Well, I guess we can all agree to selling #GBPUSD for the next week but what targets are we possibly looking at? With the recent formation of possible triple tops on H4, we can clearly see the important resistance region between 1.3440 and 1.3450, which can be our stop loss region, crossing here, the trend shall break high proceeding to higher resistance levels....