the pair is still biased to the downside with the rise in oil prices the cad might gain as well, meaning that any war halt will take the dollar index down again since it is playing a major role as a safe haven recently. Usdcad is the best investment at the moment for a long term view.!! good luck!!
the Pair has been trading in a sideways range for a long period now, however the last move downward was clearly impulsive thus giving us a signal of a potential drop in the coming sessions. watch out the pair especially when 0.9180 is broken ... good luck
Euro pair retraced clearly after an impulse wave and i am looking forward to long the pair again. in my analysis i labeled an extended wave 3 meaning that the current pullback better not break below 1.1268. however minor low can take place near 1.1285 before upward continuation might happen. do not forget to risk manage your trade because of the geopolitical...
im thinking more of a corrective pullback on Bitcoin however extended and might retest 25k before any buying opportunity might show up. looking to sell 43-43k if retested. analysis based only on technicals
selling pressure might not be completed however missing leg higher is probable for the american indices in which we can see a completion of wave 4 soon. the selling pressure was because of the rate hike pricing from the FED. wave can be simple or complex however we will wait for more confirmation to see the pattern that will show on this wave before any buying...
i still consider the recent fall of the Euro Dollar pair corrective and in a 3 wave manner completing 5th wave of C now near 1.1270-1.1255. im looking to long the pair with the Fed meeting tomorrow.
1.15550 is our main target for the short term corrective upward pullback. when the above level is broken we can say that the upside move turned into an impulsive one and we will see higher euro dollar reaching 1.2500 medium- long term. however now I'm looking to buy euro near 1.1360 level which will be a very good support to long the pair again.
the aussie completed 5 waves up in a leading diagonal form showing that a new impulsive wave has begun. we are looking to see a three waves pullbakc towards the previous wave 4 before continuation higher might happen. im looking to long the pair in the coming sessions after completing this pullback. goodluck
Hello Traders, as you can see this is a lovely setup on a weekly chart. a breakout then a clear retest happened. so we are definitely ready to see some push higher for the Euro Dollar, however I'm suggesting a triangular setup that might take the euro in a sideways move before any surge might happen.
After the CPI reaching 7% yesterday and some of the pressure showed on the bond yields and the DXY the Crypto market started a corrective pullback but that didnt change the main direction. the pullback is to me limited within the top of wave 2 that means near 47000 i would suggest short positions to target new lows near 29000$.
Gold is completing a possible scenario after a big consolidation took place in a triangular format. we can easily target 1870 then pullback might happen before any surge and new highs takes place. this scenario is still my favorite with stop loss below 1740 if you consider risk to reward ratio the trade is awesome!!!
Hello Traders, Euro is trading near 161.8% fibo a critical area in which we will be looking to start a pullback higher and to think of long positions. however in terms of Elliott waves we can still have a missing leg towards a double bottom or a minor new low before any reversal might happen.
the chief is completing a triangular sideways near current level watching out closely for an entry point to short this pair.
Gold was in a pullback mode labeled as wave E on a weekly chart however on a smaller time frame i am expecting a minor pullback towards 1809 Level before any continuation might occur. a break above 1809-1815 will give us more momentum for the upside view. waiting DEC 15 to see the reaction of the market after Powel conference.
pound was hammered last week bcz of the new restrictions of PlanB from Boris which will cost the government 2 billion pound. this news removed from the table the potential higher interest rates this week, however we still see some minor pullback before any continuation might happen. good luck
looking to long the pair near 1.1050 level watch the video and give me your opinion. good luck
Gold is trying to complete a triangle near 1740- 1760 Level before any surge might happen towards new highs.
the DXY is trading near critical level and is expected to face some major resistance near 161.8 fibo expansion. if broken the corrective pullback will turn into impulsive which is really bad for the other major currencies. watching closely these levels.