NZDCAD is back to an interesting area of support and resistance that has created large move in the past months. We have shorted the resistance the last two touches, and now could be finally seeing a break to the upside. This would result in us looking for a breakout above the level, then retrace to retest it as support and go long. We also could see this...
Price is moving lower in a downtrend, setting LLs and LHs. More recently, we made a LL and have now pulled back to form a LH and retest strong resistance. Resistance lays on the 382 Fibonacci area, where we also formed a spinning top indecision candle on the 20 Day SMA. We will be watching for short opportunities off this level.
Price has now entered an uptrend for the last couple months, setting HHs and HLs. More recently, we have a new HH formed and price looks ready to fall back to set a HL. We will be watching this prior resistance turned support (red area) for by opportunities to continue this trend higher on the next impulse leg.
Price made a trend changing LL a few weeks ago, finding support that is still holding price up. We made a nice LH after bouncing off support, and have moved lower now to re-test it. The 20 has crossed below the 50 Day SMAs and price is trading below them both as well. We are watching for a break of this support for a continuation lower. This trade can be played...
Price opened this weekend already with a bullish push higher as anticipated. We had a nice uptrend with Higher Highs and Higher Lows as price broke through the 200 Day SMA and pulled back to retest it. Price formed a nice bullish flag pattern as it consolidated after the strong push higher. We expect the uptrend to continue to push price higher.
We have a beautiful down trend with price moving in perfect structure. Lower Lows and Lower Highs all along the way, as we have now set a new LL with price breaking below support. We had a nice strong retest to this level as price is now ready to move lower.
Price has been following a very nice upward trend channel, setting HH and HL within the upper and lower trend lines. We have now hit the lower trend line and thrown a beautiful Hammer candle reversal pattern on Daily Support. This has also occurred on the 50 day SMA. We are now looking for the next impulse move higher, with the trend, making a nice long setup.
This pair has been moving higher in an uptrend so far all of 2019. More recently, we set a HH and are now pulling back to set a HL. The 200 day SMA and a strong Daily support are holding price up currently, and should be able to push price higher. The next move we are watching for is an impulse leg higher setting a new HH.
Price has hit a very strong Weekly Resistance after a nice strong Higher High push. We are now in a nice uptrend, but are expecting a correction before moving higher. This resistance level seems to be where we will find the correction. Watch for a break of this hourly support and range we have been trapped in for a couple days now.
This pair has made a nice push lower, finding support on and bouncing off of the 200 and 50 Day SMA. Price then rallied up to strong resistance on 1.6000, which is also the Fibonacci 618 retracement level. Thursday's candle close on this resistance showed us a strong bearish doji candle, while Friday gave us further confirmation with a bearish engulfing candle. We...
The GBP had a killer week this week, seeing a 2.54% increase in value across the board. We are now approaching strong resistance levels on most match-ups for the GBP, with this being my favorite. We have made a nice strong push higher, setting a new Higher High this past week. Price has now hit a strong Weekly resistance and formed a shooting star/ bearish doji...
Price has made a very strong push lower to set a new LL (long lower wick from the January Flash Crash) and has now retraced back up to strong Daily resistance. This resistance level is a critical Psychological resistance being 110.00, as well as the strong Fibonacci level of 618. We have also seen some price action in the form of candlestick patterns under this...
Yen gaining strength amidst some Risk Off moves in the markets. GBP continues to get beaten down. Beautiful downtrend on the daily, retraced to 618 Fib level, strong resistance and Daily trend line. Double top off the strong level, with a bearish engulfing candle on the Daily showing bears have entered the market
USDJPY lots of confluence. Strong higher TF downtrend, Daily chart break and close below support. Hit strong resistance, supply zone and 2nd retest to .382 fib. Tweezers top and Doji on key level.