CJ Rallies, Gold Tests Resistance4/9/2021 CAD/JPY Analysis CJ does find support below the trend line in the low 86.000s. On the daily chart, this pair bounced hard before seeing rejection on the latest candle. Really good employment numbers came out today as Canada's unemployment rate fell to 7.5% from 8% last month shattering expectations. This […]
Possible Head and Shoulders Forming on AJ Pair4/5/2021 AUD/JPY Analysis AJ pair could be making a possible head and shoulders formation here on the daily chart. This could be a sign that price wants to turn downward depending on whether the next few candles move above resistance at 85.000s or break below the rising trend […]
Gold Bounces Back, NJ Hits Resistance3/31/2021 NZD/JPY Analysis NJ runs into some resistance after a strong bounce from a key support zone. Price may consolidate here on the 4H chart as the mid 77.000s and 200 SMA push against the momentum. The USD and NZD is heavily favored against the yen right now as risk-on […]
JPY Pairs Making Big Moves, Gold Stagnant3/29/2021 NZD/JPY Analysis After taking a dip on the daily chart, NJ bounced perfectly off support in the mid 75.000s and is pushing 77.000. The strong uptrend since November 2020 reflects the increasingly high number of short positions big money is placing on the yen. Gold Analysis Gold on the […]
BTC Finds Support, EU's Weak Recovery3/26/2021 EUR/USD Analysis EU falls below its 200 DMA for the first time since last March, and is currently resting on support. This small recovery move could be an opportunity to gauge in a short position. If price ends up coming back to its moving average, it will have to […]
EU in Potential Downtrend, Gold and USD Rise Together3/24/2021 EUR/USD Analysis Europe begins further lockdown measures as it continues to struggle with COVID, sending the price of EU down to its 200 day moving average. French and German PMI data both came out better than expected, however, it might not be enough to turn price back […]
AC, Stocks, Gold Rebound After Falling Yields3/22/2021 AUD/CAD Analysis AC this week makes a significant bounce back up to resistance on the 4H chart and breaking a big falling trendline. Unemployment numbers last week were better than expected as big money started moving into this pair. Gold Analysis Gold on the 4H chart showing a […]
AC Tests Resistance, Long Setup on Dogecoin3/19/2021 AUD/CAD Analysis Canada saw some better than expected core retail sales news, but the pair is still in the green today and struggles to break that falling trend line on the daily chart. If price doesn't break resistance today, it may find support on the 200 DMA again […]
Trade Setup on AUDCAD, Gold and Market Struggle3/17/2021 AUD/CAD Analysis Worse-than-expected CPI news came out for Canada today, yet traders were still bullish on CAD. With my recent bullishness on the Australian buck, I like this technical setup for the pair at support paired with its 200 DMA on the daily chart. AUD employment numbers come […]
Gold and SPX Test Resistance, EURAUD Short Setup3/15/2021 EUR/AUD Analysis EURAUD gaining some traction today on the daily chart as Aussie pulls back a little. Volatility early on in the week is leading up to the employment numbers that we will see on Wednesday. That falling trend line still looks like a decent short setup […]
