Wikiwicks

Wikiwicks

Currently consolidating after the strong 11k break, we could see more upside movements soon if a bullish breakout occurs

Wikiwicks

#EURCAD: (1D): The overall outlook is showing an uptrend, confirmed by the 200 EMA, currently retracing in a massive descending triangle, given the strong support at 1.545. If this won't hold, we would probably see a bias switch. (4H): Zooming in, we notice how the leg down formed with a clear bearish structure, but got a strong rejection at current support,...

Wikiwicks

#XAUUSD: (1D): We still have a strong bullish trend in place. Recently we saw the break and retest of the continuation pattern here above. Given these technicals and the overall fundamental uncertainty across the globe, my bullish bias remains unchanged. (4H): A better view of bulls gaining strenght is given by the ascending channel formed on the 4H, with price...

Wikiwicks

#USDJPY: (1D): The analysis here is pretty much unchanged, with price being in a overall downtrend with 200 EMA confirmation and a descending triangle still in place. For these reasons, my bias is still bearish (4H): Last week we saw the price breaking the nice rising wedge formation, leading us to open a short position. Unfortunately, we saw much consolidation,...

Wikiwicks

(1D): The higher timeframe is still showing a strong uptrend but keep in mind that the underlying fundamentals are playing a big part these days. Trump vs Biden and the current rising restrictions in Europe, which could harm EUR zone economies (4H): Back to the technicals, on a lower timeframe we can see that after the channel break, the price came all the way...

Wikiwicks

now retracing after the daily breakout, currently forming a bullish flag. If the structure holds, a break of this to the upside might be expected and we would look for a buy trade once the break and retest occurs.

Wikiwicks

Sell opportunity on previous low of broken rising wedge, only if 4h close will be a strong bearish candle. Target 104.41 - Stop 105.65