DOLLAR Index turning positive after a decline for quite some time. A good possibility that this is the beginning of an uptrend for KING DOLLAR! Happy Trading folks! Cheers! :)
Although Gold is still bullish on the daily and weekly time-frame, this short trade is just that... a short trade! Happy Trading folks! Cheers!
As volatility starts picking up, CADCHF should easily reach our target at 0.7242x level. Happy Trading folks! Cheers!
After 15 days of bullish run, and a DOJI candle on the daily, this pair is due for a corrective move. Expect a push up to retest the resistance level before a drop to our first support level, which is also a level where we spotted a Shaven Bottom candle. If that level breaks then we can expect a move lower as marked on the chart. Happy Trading folks! Cheers!
GBPCHF is bullish on the daily, and based on MACD pattern, an initial cross above or below zero line usually follow by a pullback. Hence this trade on a pullback to fill the Shaven Head Candle on the hourly chart. If you don't know by now, a Shaven Candlestick is basically similar to a GAP.
Here's an hourly chart on Crude oil, looking for a break below to $61.50 then wait to see what the market structure will look like. Happy Trading folks! Cheers!
You can find this candlestick on the hourly chart, or 4-hour chart on the MT4 platform. This candlestick pattern is like a magnet. Until it reaches the level marked on the chart, I would look for a buy only setup.
AUDUSD looking to fill the gap at the 0.77955 level with the break of the upper trendline. Happy Trading folks! Cheers!
USDCHF is at strong weekly support level. This could possibly be a start of a new trend -- or a relief rally, who knows? But a Shaven Head Candle will eventually get filled. Happy Trading folks! Cheers!
As we take a closer look on the daily chart, we can see momentum is still bullish for this pair. A break above the trendline signals a long trade.
Interesting to see how the Kiwi Dollar will fall once it breaks below the trendline.
As we look at momentum for both pairs, it seems that both are running out of gas.. whether you agree or not, we'll be looking to see whether both pairs will retreat from the resistance level on the chart. Happy Trading folks! Cheers!
support @ 1.19376x level should hold for a run-up to 1.2005x level. Happy Trading folks! Cheers!
A break-out trade on CADJPY that if it continues on an uptrend it could easily take out our target near the highs. Happy Trading folks! Cheers!
In my previous analysis, BTC had broken below the trendline and since then "THE BEARS" have been stepping in and we can see that on the ADX, which means BTC could fall even further. Happy Trading folks! Cheers!
This hourly chart shows a break of the trendline. First stop should be at the pivot level @ 0.8620 Happy Trading folks! Cheers!
Gold starting its first leg lower after a retest of the trendline. Happy Trading folks! Cheers!
Gold looking to rally after a break above the trendline. Happy Trading folks! Cheers!