EU continues last week's sell run and i do expect EU to close below last week's low at 1.0613. Perfect entry: 1.0680
From last weeks market expected a sell on Xtiusd. Price formed a range between$ 80.1 and $77. Looking forward to a strong sell on XTIUSD to continue the 4H candle on Friday 3rd feb, during the NY session. A strong bearish/ bullish candle always has a momentum it follows. NB: a complete reversal off my rejection zone ( Red Box)
During Friday's New York session, on the 4h TF, there was a strong bearish candle. Mostly, on the 4H TF, whenever there's a strong bearish/ bullish candle. price will re-visit where it once started which is 104.200. Eyes on the 50 ema which might cut price bearish move at 103.19-18, for a bull run into 104.2 Eyes on the FOMC on Wednesday #DXY
After GN bounced off at a resistant price value at 1.9237, it has retraced to last week Friday's range. GN has a poor momentum to be bullish for now and hence technically, i see GN re-visiting this weeks Monday's low at 1.8997. But I do expect GN to close this week below its previous low at 1.8997. Currently trading a bit above the 78.6% fibo mark. NB: Eyes on...
After yesterday's CPI data, the EU gave an upward move into last week's high but later corrected to the downside in favor of the CPI. I'm expecting EU to have a new low amidst that of last week and yesterday's low. Currently trading in my supply zone. Expecting the market to pick some orders between 1.0730-1.0715. A complete breakout will accelerate our downtrend!!!
Expected EJ to reject at 142.00, from my rejection zone (red box). AS you can see the market played by that structure, i'm considering a sell run to correct the bulls formed from last week's ascending triangle which occurred on Wednesday and that of Friday's session. Expecting a sell momentum to push this EJ to a possible 300 pips with final TP valued at 138.70...
Last week technically, GJ experienced a strong downtrend after it rejected from my rejection zone at 159.47. I expect this momentum to continue as you can see all odds favor the Japanese yen both technically and fundamentally as a new BOJ governor is in place! With an RR of 1:4.5 NB: Red box zone: rejection zone Blue box zone: breakout zone!
After EJ rejected off the 142.67 psychological level at this weeks market opening, it retested from a range of price quote wayback from 28th December last year. I'm expecting a price reduction of 3.8% of its current price quote. Also a complete breakout of the 140.30-139.95 price range will faciliate a clear breakout! A possible rejection on 138.18 and...
Due to the previous highs on EJ at 142.67, EJ now formed a bearish reversal on wednesday 25th Jan amd 2nd Feb. Expecting this continuation as EJ trades currently in my 61.8% fibo mark which supports the entry point on EJ. NB: the 138.00 price point needs to re-visited again!!!
Due to the increasing strength of the NZD, i expected the AUDNZD to dump to last week's desirable target at 1.0711. Unfortunately it wasn't as expected, still looking for a perfect sell out on AUDNZD. As you can see technically, AUDNZD formed a double top over this year's high on Monday 16th Jan...… expecting this double top to continue its sell run after the...
Expecting the bearish continuation on GBPNZD, GN had a sell rally since last week, but today's NZD unemployment data gave a weaker NZD report which made an opposite move on GN. But failed to the upside and has revisited its initial entry zone. expects the market to return to 9th Jan's low and if not a price reversal to form a consolidation, I'm still interested...
The price of oil per barrel will definitely soar high but I see a chance of sell opportunity before its long momentum, currently looking at a clear sell chance for at least $4 price reduction per barrel of oil. XTIUSD is currently trading in my supply zone....so i expect more sells to jump into this market. NB: All eyes on the breakout zone (blue box region) to...
With a RR of 1:4, i'm looking for a perfect short on AUDNZD. technically, AUDNZD is currently in a bearish market. Looking at previous high from 16th Jan's Asian session, AN fell from the top and bounced back getting to the end of the week. On the Day TF, you could see AUDNZD retraced from thursday's low and retested the 61.8% fibo mark. You could clearly state...
With the recent rally of a barrel of oil, fundamentally the CAD should rally as well. But the dominance of the Euro has made a bit slower process, Technically, looking out fro a short sell on ECAD to its consolidated price zone on 13th Jan, when price was just trading a around my pivot point at 1.45010. NB: A clear breakout from the breakout zone (Blue Box...
EXpecting a strong sell run on GN to re-visit last years september/covid low at 1.88440. Price of GN tried to rally up but consolidated for almost 4 weeks at 1.93240 and 1.89410. After GN fall on thursday Asian session, i expect this momentum to continue to complete the sell run on GN. NB: Weekly, Daily and 4H Analysis
After XTIUSD visited 5th December's supply zone yesterday, the market had a rejection of price value. I'm expecting the price of crude oil to revisit the $70.30 per barrel!
After BTCUSD consolidated for a while at 20850-21500. Finally getting to the hot hours of yesterday's New York session BTCUSD break through the rejection/consolidation zone (Red Box). Expecting the market to correct Saturday's (00:00 hours) bullish candle at a price value of 20000.
With a RR of 1:3,technically i expect EN to fill Tuesday's NEw York session's strong sell and form a new high on EN. If not this week, i believe the new high will be higher than that of last week's.