We are currently seeing price at a level it has'nt attained in a long time, price is bearish on the daily but we may see a correction before a downward continuation, there is no certainty as of now, so I'll be looking for price reaction around key levels.
We have seen the AUD very bearish on the weekly and we are seeing a recovery on the daily, we're most likely to see the AUD bullish for the next twop weeks
let's see how this analysis plays out, this happens to be my first on AAPL
Dxy has been weak since last week and as of now, I believe it's best to allow the market give us a clear signal before any further trade decisions
Considering the bullish sentiment on the GBP index and the bearish sentiment on the USD sentiment serving as additional confluence to the current oversold situation on GBP/USD, I will consider going long for at least till Thursday.
Gold is overbought with a slight bearish sentiment which may further be confirmed by resistance around daily supply
BTC is less likely to sell from what I see on the daily and weekly but negative price reaction may cause us to react differently.
BTC/USD is at a major supply level on the weekly and considering current priceaction, we can only wait for how price will react above current structure to be sure of a bullish recovery
We saw USD/CAD break below a major level of structure only to return back into structure, we are likely to see a rally to T1 as marked on chart considering the bullish sentiment in the market
We are likely to see a possible downward continuation on BTC after a break below structure and retest
USDCAD has so far respected structure despite the fact that it's in a range, I'm looking long on the cad considering the fact that it's in a viable level of demand
I will only go in for sells if I see signs of weakness below the 42800 level for now, We are however more likely to see a rally considering current price behavior .
GBP/USD has been on neat downtrend since January this year and we currently see an M pattern formation on the daily with resistance below neckline, we might as well continue bearish if we keep seeing resistance below neckline as marked on charts. I will consider going long only if I see signs of strength above level A as marked on charts since it has consistently...
Gu is currently showing signs of resistance on the daily and we are likely to see some bulls for now considering the W pattern formation on the 15min
Gu is showing signs of weakness on the daily timeframe and considering current priceaction, weakness below either level 1 or two will indicate a bearish market for sometime
GU has been bullish so far this week seeing a short correction to a major psychological level yesterday, we are likely to see it go bullish if we see a break and retest above structure, if not we may consider going short if we see STRONG resistance around structure
We are currently seeing a break below a major structure on the USD/CAD and we are more likely to continue downwards if we see resistance below structure or a strong shift below
We saw USD/CAD bearish for the most part yesterday and we see a double top resistance below a key level of structure and hence, we might consider a downtrend continuation