Forex
Quick Update on the USDCAD Pair: Things are progressing according to plan. As noted in the previous post, the pair turned bearish following a strong rejection at the multi-month resistance area. What’s New? The daily downtrend has just expired. We could see a relief bounce towards the mid-range level
Forex
After so many attempts to break to the land of Valhalla. Carrying a beautiful candle in bullish formation only to turn into a bomb and kill all the bulls and bring despair on the landscape. We were warning to get out of the longs, already in good profit, and start
Forex
Imminent breakout? I think if we start evaluating this type of chart, we can notice the bullish dominance in itself. It is more than clear that in any kind of consolidation it is quite complicated to try to anticipate the direction of the market. Many are willing to bet on
Forex
Back inside the range! Things will most likely slow down from here. After the big uptrend and failed breakout/rejection candle, price is back inside the 2 year range. now what? To me it looks like it's going to roll over after the rejection which is expected to
Crypto
Bargain or burden? It all started with Japan's index Nikkei 225 dropping 12.4% on Monday. The largest daily decline since the Black Monday crash of 1987. US 24h trading market then continued the selling pre market open and today at least six trading platforms halted trading (Citi,
Forex
Seismic Market Shakeout! How many lines have been drawn through this pair before a significant reaction? Each low has been taken on low time frames, where most would expect some sort of reaction for a good move. This is why one should focus as much as possible on the flow
Forex
Quick update on our first currency pair and a time to relax from current position. We anticipated the move prior to the Bank of Canada decision. The rate cut was expected and arguably fully anticipated. Now what? The Canadian dollar is at an inflection point and also has an obvious
Forex
Macro Outlook 🚀 Bullish 🚀Price trades below resistance.... bullish! * Price is oscillating within a massive range since 2015, but looking at the most current reaction from 1.22185. There is evidence that it is leaning to the upside. * This latest strong move since April 21 created two bullish patterns: price trend