iamfotx

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Weekly Chart: Last week, ICMARKETS:XTIUSD rebounded off a soft weekly support around $72.00, suggesting a potential reversal. My bias on the weekly chart is bullish, as buyers seem to be stepping in at this level. Daily Chart: While the daily chart is in a downtrend, marked by lower lows (LLs) and lower highs (LHs), it is currently in Phase 2 (an upward...

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Current Oil Price Dynamics: Oil prices are under upward pressure due to a mix of geopolitical tensions and supply constraints. The recent surge in prices reflects growing concerns over potential Iranian retaliation following recent events in the Middle East. This geopolitical uncertainty has led to increased trading volumes and heightened volatility in the oil...

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Technical Analysis: Weekly Chart: Last week's bearish continuation candlestick suggests that the bears are still in charge, indicating a potential move towards the weekly horizontal level around 102.97/61. Daily Chart: The previous day's bearish continuation candlestick with a lower low and lower close supports the bearish outlook. 4-Hour Chart: For a...

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Technical Analysis: Higher TFs: Given the recent week's top rejection and inside bearish close, it appears that the bulls are running out of momentum. The last day's price action was a bearish continuation candlestick (lower low and lower close), indicating that the bears are in control. The plan is to look for a short position on the lower timeframe by...

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Technical Analysis: Weekly Chart: Weekly price action was heading into a key area, making it difficult to decide on a direction. However, last week's strong bearish candlestick with a lower low and lower close suggests a clear bearish direction for this week. Daily Chart: Recent daily price action with lower lows and lower closes indicates a downward trend....

iamfotx

Technical Analysis: Weekly Chart: I won't comment on the structure of the weekly chart wether it is trending or not, but it has broken out of a range, indicating a bullish move is in play. Last week's price action shows buyers are in control, setting the stage for potential long positions on the lower timeframe this week. In the long run, the price appears to...

iamfotx Updated 

Technical Analysis: Weekly Chart: Last week's price action shows a clear shift in sentiment with a lower low and lower close, indicating potential for short positions on lower timeframes. In the long run, I believe the price is heading towards the next key area around 0.5869/61. Daily Chart: The daily price action is a bit complicated as it currently...

iamfotx

Technical Analysis: Weekly Chart: Last week's price action shows a clear shift in sentiment with a lower low and lower close, indicating potential for short positions on lower timeframes. In the long run, I believe the price is heading towards the next key area around 0.5869/61. Daily Chart: The daily price action is a bit complicated as it currently...

iamfotx

Weekly Chart: Silver has been ranging for the last two months, consolidating between approximately $32 and $28. Last week's price action featured a top wick (rejection) and an inside close, suggesting bullish exhaustion. Daily Chart: The last day's price action showed a lower low and lower close below $30.032, confirming a clear breakout of the daily range...

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Monthly TF: Last month's ICMARKETS:F40 price action showed a strong bearish continuation bar, suggesting downward potential despite the overall bullish monthly trend. We're currently in a phase 2 pullback, which means short positions can be considered until the downside move concludes. Weekly TF: The weekly chart presents a more complex picture, with over...

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Last week's ICMARKETS:USDCHF price action formed a lower low and close, indicating potential for continued downward movement. The high test bar observed a week prior further supports this bearish sentiment. The daily chart shows erratic price action, particularly last Thursday, suggesting a bearish range. We plan to enter a 4-hourly short trade from the top...

iamfotx Updated 

The previous week's price action in ICMARKETS:AUDUSD formed a strong higher high, higher close continuation bar, suggesting upwards potential. On the daily chart, Thursday featured a rejection bar, followed by an inside bullish bar that didn't achieve much, indicating a bullish range on the 4-hour chart. On the 4-hour chart, a pullback has occurred, presenting...

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Monthly TF : From a cyclicity perspective, ICMARKETS:XTIUSD has been sideways for a considerable time. However, last month's price action formed a bullish engulfing bar, indicating a bullish bias. Weekly TF : Similarly, cyclicity does not offer much, but since June, a bullish move has begun with no signs of ending. Last week's price action was an inside bar...

iamfotx Updated 

On the monthly timeframe, last month's price action formed an inside bar, indicating consolidation without a clear bias, although the preceding month closed strongly bullish. The weekly chart also shows an inside bar with a slight rejection from the bottom, but overall, there's no strong directional bias. Daily price action reveals two consecutive ranging bars,...