Kav1ka

Kav1ka Updated 

The chart says it all! Happy Trading, folks! Cheers!

Kav1ka Updated 

Here we take a quick look at Gold and, unfortunately, it did not bounce as expected. We have also broken beneath the uptrend line so therefore, it is bearish. However, momentum is still bullish which means when it does take-off, well then, it's going to the moon. But for the time being, gold is near landing zone and would be interesting to see it touch and go.

Kav1ka Updated 

Not a lot to say but euro finds support around 1.1500 level and bouncing off trend line. Which way will the euro break? We will find out during London session. Also important to note the closing of today's candle, and whether we anticipate a bull run to close the week, or fishing with the bears. Happy Trading, folks! Cheers!

Kav1ka Updated 

Although the pound is still in a downtrend, this past Friday we starting to see some buying pressure as it gets near the support level. We should see whether the momentum continues higher next week, or if it continues lower to 1.29 level.

Kav1ka Updated 

This pair had struggled to break above 1.1750 level earlier today. We may see a retest of the uptrend line, or it may dive lower. That would be the story for next week. Happy Trading, folks! Cheers!

Kav1ka Updated 

With chaos unravel in the UK, the cable, yet again, dives deeper into bearish territory. Anything can still happen as we are near support level at 1.29x Happy Trading, folks! Cheers!

Kav1ka Updated 

USDCAD had broken above the downtrend line. The question is will it bounce? If so, how high will it go?

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Bonds approaching weekly trendline. Will it bounce?

Kav1ka Updated 

With several days left in the month of July, anything can happen. By mean 'anything', I mean Trump wanting a weak dollar, trade war, raising interest rates, and so forth. So we take a look at the USD chart to give us a hint as to where the Greenback could be heading in the near future. First, we look at the monthly and there we see a possible dark-cloud pattern;...

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Although Bitcoin is still on a downtrend, it broke above some key resistance level. That's all I can say about bitcoin. Happy Trading, folks! Cheers.

Kav1ka

Based on the weekly candle, EURUSD closed in a bullish territory. That being the case, euro is likely to move back towards 1.1850. Have a great weekend, folks! Cheers!

Kav1ka

Last week Crude Oil sentiment was a bearish one. Looking at the chart, we can expect a continuation of bearish sentiment going into next week. Perhaps on the latter part of the week, we could reach demand level; Therefore we expect price to push back to $73 in the following week. Have a great weekend, folks! Cheers!

Kav1ka

The story for next week would be Aussie Dollar and Gold. Recently we've seen Gold bounce from a strong level of support, and given a massive rejection on US Dollar Index from a major resistance level, we can expect the two to take the realm - at least for the time being. However, Gold hasn't yet break the downtrend line so this market we assume that it's a little...

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New Zealand Dollar had been one of the weakest currency besides the pound for the past several weeks. As we look at the chart, this pair is inching close to break above the downtrend line extending back from the high of April this year. When that break happens, we can expect Kiwi Dollar to lead as the strongest currency in the upcoming weeks. Happy Trading,...

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What's next?

Kav1ka

Looking at this pair, we observed that it has reached a major level resistance (weekly trend line). We'll wait to see today's close to verify whether this pair wants to move higher. Happy Trading, folks. Cheers!

Kav1ka

Two days ago USDJPY broke above major trendline and have pushed higher since. Also mentioned a week ago that this pair was still bullish on a lower time frame. Though at this point anybody can look at this chart and say it's super bullish, however, in my opinion, not only is it near key resistance level of 112.50, there's also a divergence on both MACD and RSI. In...

Kav1ka

T'was a bad day for the bulls in crude. But the good news is the uptrend still intact. Hence, why I believe in the old adage: "The trend is your friend", or the like, "It's only a trend until it bends". Today crude fell after what seemingly appear as a bullish report. Let's not talk about fundamentals at all, but looking at the crude chart we see that it found...