USDJPY Bearish Trend To End Near 127.55
USDJPY suggests that the formation of a global cycle impulse could have recently ended. Now the market is developing a bearish triple zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It is possible that the sub-waves Ⓦ-Ⓧ-Ⓨ have ended. Thus, in the near future we can expect the completion of the second intervening wave Ⓧ. It is […]
GBPUSD Is a New Bearish Trend Starting?
GBPUSD could lead to the formation of a global corrective triple zigzag w-x-y-x-z. The final wave z most likely takes the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary wave Ⓩ could take the double zigzag pattern (W)-(X)-(Y). The formation of the intervening wave (X) has recently ended. There is a high probability that […]
US dollar: bearish sentiment still prevails despite major decline
After falling last week by 2% to 101.80, the dollar index rebounded on Monday amid no visible bearish catalysts to push lower. The rebound could be also facilitated by the fact that the price has reached the lower bound of the bearish channel:From a technical point of view, upside USD correction after the significant drop […]
Nikkei Futures ( NKD1!), H4 Potential for Bearish continuation
Type: Bearish continuationKey Levels:Resistance:26555Pivot:25960Support:25610Preferred Case:Looking at the H4 chart, my overall bias for NKD1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 25610, where the previous swing low is.Alternative Scenario:Price may head back […]
Coffee C Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:154.30Pivot:164.00Support:142.05Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.Alternative Scenario:Price may head back […]
Sugar No. 11 Futures ( SB1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance:21.18Pivot:21.18Support:19.30 Preferred Case:Looking at the H4 chart, my overall bias for SB1! is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 19.30, slightly below where the 23.6% Fibonacci line is.Alternative Scenario:Price […]
Corn Futures ( ZC1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance: 671.75Pivot: 660.00Support: 636.00 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 636.00, where the previous swing […]
AUDUSD Bearish Triple Zigzag Underway!
The AUDUSD pair is forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ in the long term. The final primary wave Ⓩ is a simple zigzag (A)-(B)-(C). At the moment, an impulse wave (C) is formed, consisting of minor sub-waves 1-2-3-4-5. The minor corrective wave 4 which is a minute triple zigzag has ended. Prices could continue to […]
Corn Futures ( ZC1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance: 671.75Pivot: 660.00Support: 636.00Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 636.00, where the previous swing low is.Alternative […]
Coffee Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish DropKey Levels:Resistance: 174.35Pivot: 163.80Support: 154.30Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.Alternative […]