The weeklychart below usd/cad chart shows a strong resistance zone spotted at 1.2858. Initialy the first and second candle that broke the resistance fails to close above it and this result to a defined false breakout. Price was  unable to close above 1.2858 zone and below 1.2665 level (red cycle) which indicate a strong side ways trading. A break below 1.2665 will indicate strong sell off while a break above 1.2858 one will indicate strong bull move continuation. RISK DISCLAIMER RISK DISCLAIMER

The chart below indicate a well difined bear trap spotted on eur/usd (red cycle) which falsely close below 1.1824 zone after four weeks of trading below this zone last week price close above 1.1824 zone which was making reistance (greeen cycle). The confirmation of last week indicate bear trap and this may see the eur/usd around 1.2047 zone in few weeks or months to come. RISK DISCAIMER RISK DISCLAIMER

The chart below shows a large inside bar spotted on gbp/usd weekly chart (two red cycles) for good three weeks of trading. finally last week trading ends above the mother high (green cycle) of the  pattern which indicate bullish continuation for the currency. This may see the currency around 1.3444 in few weeks or months to come. Breaking and closing above 1.3444 zone will see gbp/usd at 1.3601 level for it's full pattern target. Risk  Dis claim er Risk  Dis claim er

Analysis as of 29th October  Hello everyone, good sell sutup surface at USD/CAD on weekly chart wich will be aming at +700pips in time to come!!!! As of april 30th 2017, the USD/CAD begins it's bearish move afer some large reation rally. the currency fell till 3rd September 2017. The currency begin to see some strenght and this result to some reation rally( bull move) for two months hiting a strong resistance zone which stands as a mojor zone at 1.2858 level. A false move was spotted at the major zone (1.2858) as price break pass zone but could not close above zone. Which result to a well defined BULL TRAP ( false breakout ) this may see the USD/CD around 1.2005 in few weeks or months to come Risk Disclaimer

In-line with our previous analytical post on Gbp/usd sell is still intact but the currency may some rage bound within this two major levels. 1.3337 - 1.3074 spotted at weekly chart. NOTE: Don't forget is advisable not to anticipate breakout!!!    

Hello everyone below is a well defined FALSE BREAKOUT that was notice on GBP/USD three(3) weeks ago and finanly completed it's formation last week as price broke below key support at 1.3203 level. Breaking below such zone qualifies the parttern bearish and this may see the GBP/USD in all time lows to 1.2815 level!!       

looking at the below price chart, the GBP/USD formed a well BULLISH ROUNDED BOTTOM. Creating it's first reaction high at September 4th 2016 (1.3444 well seen in the chart below). price fell for the rest of the year and find support at 1.1986 after some sort of  some range bound. the market finanly begin it's advance at January 15th with a huge bullish candle. Price continue to advance for the next six months which leads to the breakout of the first reaction high at 1.3444. This leads to a well defined BULLISH ROUNDED BOTTOM as a result of the breakout.  After some sort of correction the GBP/USD may see bullish advance to 1.4902 area in few weeks or months to come.

Analysis as of 4th September Hello everyone looking at the chart below the Eur/Usd formed a well bearish candle stick at a clear false breakout zone at 1.2047 which stands as a major zone. As a result of the described signal the Eur/usd may see some bearish move to 1.1229 zone in the next few weeks or months to come.

Aud/Usd which is seen in the chart below formed a well BULLISH FAKEY CONTINUATION PATTERN at 0.7834 level which stands as a major resistance. This major resistance level was broken to the upside few weeks  ago and  price letter re-trace back  to 0.7834 area which formed a well bullish fakey continuation pattern. As result of the described analysis, the Aud will see more bullish days ahead or in few weeks to come projecting 0.8323 level as price terget. Note: Technical analysis is an act form and less science. Price projection may fall short or over shoot above it's forecasted price. So personal or other technical tools should be imply as well for price projection.

As a result of the above analysis Bitcoin may see bullish continuation for the next few months to come  to come. As result of six months prior bull trend ,the coin established a high at 2897.82 which re-trace down to 2204.00 and created faky setup pattern closing back above it's 2204.00 last week.This will see the coin in all time highs in the next few months to come!!!!

As seen in the above chart EUR/USD turns bullish after a long bearish trend from May 2014 high 1.3993 till March 2015 low (1.0462). This follows with a sharp rally (move up) and created it's lower high at August 2015 (1.1712)  the currency made some bearish move which created higher low at November 2015 (1.0514) this brought the currency to another rally (move up) creating a lower high at May 2016 (1.1615)  the currency fell for the rest of the year and form a strong support at January 2017 low as a result of the strong support zone the currency rallied heavily and broke above it's previous high (May 2016 1.1615). ROUNDED BOTTOM  was spoted as price broke above May 2016 high (1.1615). As seen in the above chart breakout was accomplined with high increase in volume confirming the ROUNDED BOTOTOM as bullish. After some sort of bearish re-tracement, the currency may rise up to 88.2% tergeting 1.2891 area. Happy trading!!!!!!!

Looking at the chart above. after the re-tracement that leed the coin to March low ( 903.99) the bitcoin rose by 68% in four months created it's high at June (2879.82). Along the line there was a strong resistance level  that was found at May (2734.90) this level was broken and made a new high at June (2879.82) in a week time, the coin broke back strongly below 2879.82 level which leed to a strong BULL TRAP. As a result of the BULL TRAP, the coin fell 34%. The next week price re-tested 2734.90 level which has now turn support to mark as sell entry the coin fell sharply to it's targeted price at 2204.00 (Major Zone)  (for those trading standerd lot size that should be $84,441 profit made) any strong bullish setup within the zone will indicate continuation bullish trend. a strong break below the zone will indicate continuation of the bearish RE-TRACEMENT.  Note: Don't foreget Technical Analysis is an act form and less science HAPPY TRADING!!!!

                                                            After a long two years bull trend, the USD/CAD formed a well bearish Rounded Top at January 2016 (1.4689) created it's high. This leed to a strong bearish move closing below Octoer 2015 low (1.2831) to confirm the pattern as a bearish reversal move. Looking at the chart above the price found support at May 2016 low (1.2460) this leed to a rally (retracement) and formed a large range bound within two trend lines. As the price rallied within the range bound, they was a strong resistance zone found at December 2016 (1.3598) which leed to a  strong (FALSE BREOUT/ BULL TRAP). After aboult 1 to 2 candle sticks the price broke back below 1.3598 (BUL TRAP) which confirmed a...

                         The GBP/USD created a new high at  November 1st 2007 (2.1161) which letter result to the break of the previouse low at September 1st 2005 (1.6829) as a  result of 2008 market crash.  Looking at technically, the result of the discribed economic melt down news brought the pound to form a breash ROUNDED TOP which letter leed to a bearish breakout of September low at 2005 (1.6829). The pound fell for the rest of the year created a new low at January 1st 2009 (1.3502) which leed to a large range bound for over six (6) years and mark a large  RAISING WEDGE. Bearish breakout occure at January 2015 (1.5236) that took the pound more futher down within two years approaching toward targeted price at 1.1554 in few months or years to come.