CAC40 is breaking below 6230 A break below 6230 triggers a heavy H&S formation breakout which could lead the instrument lower to 4000. We are seeing a consolidation after the breakout and a retest which should be used for the short trade entries as the pair is forming a […]
CAC40 Head and Shoulders breakout Read More »
Bitcoin bearish triangle consolidation is reaching the apex Bitcoin is testing the triangle upside resistance 21700. A rejection here will lead to another swing down in the triangle to challenge 19200. This is also the intersection of the triangle upside resistance and the falling trend line. Bearish continuation will
Bitcoin bearish triangle is coming to an end Read More »
USDNOK breakout above the 10 USDNOK is breaking above the strong resistance zone after the basing phase. This extension is pushing higher above 10.125 to target the 10.800-11 zone. The support is at 10 and the FED’s determination to tighten monetary policy stronger as we are going further is
USDNOK upside continuation Read More »
NZDUSD is breaking below the resistance NZDUSD broke below a strong long-term resistance of 0.6250. This is pushing the pair lower in the third downside wave to 0.5800. Only a break above 0.6250 could lead to an upside reversal relief which is a low probability. Overall we have returned
NZDUSD downside breakout Read More »
Oil is testing the strong support Oil is testing the 95-96 support confluence zone. This is the uptrend line area and 50% of the Fibonacci December 2021- Mach 2022 swing high retracement. A break below this level could lead to a deeper pullback into 89 and lower to 75.
Oil is testing the strong support Read More »
