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Hello traders. Today we are talking about the daily chart on EUR/USD. We know we have a bearish bias when it comes to this currency pair, but still, there are a few things you should keep an eye on. First of all, we saw that we got a lot of numbers last week and you could see that inflation has not yet started to slow down in the US. With that in mind, this paves...

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Hello traders. This is the CHF/CAD monthly chart. I just want to show you a potential opportunity in which long-term traders can, perhaps, establish long-term short positions. As you can see in the chart, the pair has been on an upward trend since 2007 and we can draw an upward trend line connecting exactly three touches. But the price has broken the trend line...

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Hello traders. This is a NZD/USD hourly chart. I don’t want to focus on the fundamental factors here, but you should keep in mind that the fundamentals change trends in the Forex market. In any case, we follow technical bias, so here we have a butterfly pattern that suggests a possible short-term opportunity to sell. As you can see, the butterfly extension of...

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Hello traders. I hope you are all doing well. Today I will show you my potential trading plan for NZD/USD next week, if things go as I expect. This is a 4h tf and we can see that we have two inverted head and shoulders patterns on it. The first one is almost done, because the minimum target of this small h&s is around 0.6450, and if the price continues to go...

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Hello traders. I want to share with you my view of USD/JPY. We have a daily chart here and as you can see the pair is currently on a downward trend. The market has been overextended for days and this is now the expected scenario. So, the first time you were able to open a relatively safe short position (using daily context and stop loss) is after forming a wash...

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Hello guys. This is the EUR / GBP daily chart. Here we have a crash of two trends; one is a downward trend and it is a longer trend while the other is a short term trend and that trend is bullish. You can see this if you draw two channels as in the picture. Here it is necessary to take into account certain important points. First there is the butterfly pattern...

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Hello traders. Here we have the NZD/USD weekly chart. The bears are obviously in control of the market and if you look at the weekly candle you can clearly see that the candle closed below previous support and look at the closing force - the candle body closed exactly 50% below previous low closing prices (low since January 24). But the market is oversold on the...

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Hello guys. Today will be a brief overview of EUR/USD. Here we have bearish trends at all higher time frames, and the bullish context that emerged last week disappeared on Friday. We had a possible inverted head and shoulders (look at the 4 hr tf), but the right shoulder failed and thus the possible bull sentiment was erased. When we see a scenario like this, it...

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Hello everyone. I hope you are all doing well. Today I want to share with you my view of the AUD/USD weekly chart. The first suggestion for you is to go to the monthly chart where you can see the reverse head and shoulders formation (which is a very strong sign of bulls in the long run; but as you know the monthly chart suggests a long period of time, and playing...

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Hello guys. Here we have the GBP / USD chart. This is a 4 hour time frame and as you can see we have bear dominance. The daily bearish trend has not yet been confirmed, but the pair made a new low for the year at 1.2983. I expect that this lowest point will be attacked again in the coming days and we can expect the bear to continue. Weekly and monthly trends are...

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Hello everyone. Here we have the EUR/USD daily chart. The trend here is still bullish, but we have to keep in mind that the trends of higher time frames are bearish, and we also have a few bearish signs on the daily chart. First, as you can see, the price tried to climb higher, but after that we could see the W&R pattern and the downward action started. Also, the...

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Hello everyone. Here we have the AUD/USD weekly chart. As we see we have a strong breakthrough of the down channel. I note here that you should go to the monthly chart and draw the same channel as on this chart, to see that this down channel on the weekly chart is actually a bull flag on the monthly chart. Also, we can see the formation of a big head and shoulders...

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Hello traders; I hope your previous trading week was the way you wanted it to be. Let’s be ready for next trading week and stay as sharp as possible. Here we have a daily NZD/USD chart. We can see the dominance of bulls for almost 3 months. We also got a very nicely formed bull pattern (inverted H&S), which has been confirmed in the last few sessions (daily and...

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Hello traders; This is the GBP/USD daily chart. We have a strong downward thrust and I think it is time to look for long trades in the near future. As you can see we have confluence in the area where the price is currently and which include: 1.618 butterfly BUY + market oversold + bottom line of the channel. So considering a long position seems reasonable, but at...

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Hi guys; this will be a brief overview of the gold market. I would like to buy gold and continue to drive this recently started uptrend. It would be perfect if gold fell to 1975 and set the bottom there. If that doesn’t happen, then the scalpers could try to sell quickly from the 2024 area, if we get any bearish confirmation.

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Hello guys. We could see that the EUR has shown extremely high bearish pressure in the previous week. EUR bleeds. And this is not only the case with the USD (which is the main rival to the EUR) but with a basket of other currencies. Unfortunately, this is a consequence of the war that is happening in Europe, and according to various economic sources, the impact of...

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Hello guys; Today I will talk about NZD/USD. We have a potential "butterfly 1.272 sell". If you look at the hourly chart, you can see that a possible turning point (down) could be an extension of the ABCD pattern at 1.272; That level coincides with the weekly pivot resistance; when we talk about the butterfly pattern, we know that the turning point could be at...

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Hello guys; Today I will talk about the XAU/USD chart (i.e. gold). This is a daily chart and as we could see last week, volatility has increased due to geopolitical factors. We have seen strong shifts in gold, and according to all available information, global uncertainty will last longer than many investors expected. Accordingly, in such times of uncertainty gold...