Market Review Articles

Oil coiling into bearish flat below 200 and 50 EMA for potential downside continuation. Oil – The pattern confirmation requires a solid candle close below the flag for entry with a stop loss trigger above the flag. A secondary option (optimal entry) provides greater reward to risk ratio at the…

CAD/NZD broke through a multi – month trend line and targeting at least 1.1500 Elliott Wave – CAD/NZD Completing the B Wave of the possible ABC ZigZag or Wave 2. Commencing the bare minimum wave C or extended impulse wave 3 to break A.  Key Points: Price below above the…

The XJO (ASX200) has sold off from the peak made on August 25th following the SPX(US500) and Nasdaq during uncertain global times and Covid numbers starting to increase again in Europe. While the XJO continued to fall in the past 5 trading days, MSB has experienced supreme buying pressure continuing…

DXY strength, the FED indicating they will continue with pedal to the metal and hold rates at zero until labour market is back in full force and inflation recovers to 2%. The market turned straight to the DXY for strength and in turn all DXY denominated assets fell including BTC/USD.…

AUD/USD Daily chart forming a flag consolidation at the trend line indicating possible short-term fall. Scenario 1: Consolidation touched both 50 and 61.8% of Fibonacci which was respected and fell. Now we can look at the continuation fall from current price for the AUD/USD to break September lows.  Scenario 2:…

  Daily chart showcasing major support at 135.500 from historical points of resistance and now support. GBP/JPY sideways trending since the 10th of September in a tight range with what looks to be a stop hunt spew below, and full recovery back within the base.   GBP/JPY – The great…

These types of trades have two scenarios. Is BTC/USD over price and going to find the median with ETH Is ETH/USD undervalued and going to appreciate with BTC With the way the current structure is forming, the view is ETH/USD is undervalued in this case and upside is higher probable.…

EUR/USD Superior Reward to Risk Ratio Target 1.19000   Historical resistance could now be current support at 1.18280 zone, where we must hawk any type of bullish candle reversal or price behaviour for upside entry. EUR/USD also has a 50% Fibonacci cluster at this zone providing further confirmation for support.…

Oil has been sold down quite hard from August highs giving back 17% in 13 trading days. Wedge patterns are generally a sign of trend continuation when broken to the downside, and when found within bearish oil trend momentum, can become a potent pattern for lower lows.    Key Points:…

Trend line set back in August through September intact and respected. EUR/AUD Setting up with defined risk parameters and attractive reward to risk ratio. Indicator and signals clustering = points EUR/AUD to upside before any major falls. Key Points: Price holding above the 200 EMA Price holding above the 50…

Friday’s economic data showcased US inflation back on track at 1.3% YoY, but slightly weaker on the month at 0.4%.  (Previous month 0.6%). For the USD/CAD, we could see a short term drop to 1.31500 before the next rise as the Canadian dollar looks to shadow the Oil drop. Key…

GBP/USD has dropped 700 pips in September reaching its Weekly Average Daily Range (ADR) volatility scale. With the RSI diverting at the lower low and 1.28150 level tested, any signs of bullish candle sentiment may present a great reward to risk ratio long for the GBP/USD. Key Points: Price at…

CHF/JPY Desired reward to risk ratio – This trade is happening now!  These safe haven pair offs can generally run quite quickly. Keep your stops fixed and if triggered, look to re-enter with further confirmation whether it be candlestick reversal or 5 minute time frame trend line cross. The CHF/JPY…

  GBP/CAD found solid support at 1.71320 from June’s old resistance. GBP/CAD Short term trade has superior reward to risk ratio if optimal entry is obtained. Caution: We are below the 200 and 50 EMA which will present price resistance once tested and this is a counter trend trade meaning…

Great risk to reward play forming on AUD/CAD with AUD looking to strengthen against the USD as the Iron Ore price strengthens and oil dropping effecting the Canadian Dollar. AUD/CAD has potential for price to break above August highs when you factor in the strong Iron Ore and Gold bull…

4 Hour Time Frame: Strong bullish Engulfing pattern at key Fibonacci level and price.  A simple way to find support and resistance in Silver is to plot price intervals of $XX.50 as seen in the labelled examples, watch and back test price behaviour at these levels for opportunities or clusters…