If BTCUSD can repeat equivalent returns to the previous cycle we could see upwards of 200K in 2025-2026. With countries and corporations leading the charge who really knows what this cycle could bring.
GBPJPY continues to look strong around an uptrend and weekly key level.
USDJPY continues to consolidate back into an ascending channel , the short term correction looks healthy for now, the uptrend remains in place, awaiting a break. Levels represent some close levels, mainly on the weeklies. Picked out many more levels but adjusted and removed many afterwards to identify the main areas the current price action is paying attention too.
GBPUSD continues its trajectory upward within a channel following a weekly downtrend breakout.
Note to self, "extend right line" trend lines tend to mess up a lot. Accelerated trend since ATH break has been refreshed, looks ready to move after much consolidation.
Bitcoins volatility is ever decreasing in this consolidation pattern. Looking for this to change soon.
The EURNZD is quite bearish at the moment, but in an area of massive support. Below 1.643 the downside could be great. But the upside looks equally tempting if this gets above 1.728.
DXY is clinging on above trend support with strong resistance overhead. A familiar and favourite chart pattern might be emerging too....
USDJPY looks very bullish, unfortunately did not hold above my long term downtrend break, looking for a bounce off horizontal support to then get back above the long term downtrend and back on the march North again.
GBPJPY bounce off the previous weekly low horizontal support as well as uptrend channel. The entry was London 14.04.21, which put in the higher high after short term downtrend trend breakout, admittadelly closed below previous 8hr and since consolidated, appears to be in a bullish flag formation but holding above the long term uptrend
NZDUSD is looking the most bullish of major pairs right now, one to watch.
Very interesting megaphone formation, this is the pattern since the taper tantrum flash crash something or other back in 2018. Stay away.
Uptrend since the price acceleration in October, few months after halving. Autumn 2021 looking for cycle top.
AUDUSD continues to consolidate on a weekly resistance trendline, the 8hour is turning bullish again from neutral.
The DXY is trading back into its bear flag channel since catching a surge on a failed breakdown. The previous higher swing low could yet give a bid from almost the centre of the channel. See below for an 8hr, as the DXY gave a great breakdown, retest and lower leg candle off the upper bear flag line turned resistance.
With stimulus and money flowing it is easy to understand why we are where we are, but the many VERY large uncertainties make this a bit hard to read right now, the best thing for the market would be sideways so i don't see much risk to reward available right now. A correction might change me from neutral.
Looking for 94 to flip to go bullish again. With Stimulus round the corner would'nt be suprised to see a pullback on the DXY, it could be a long way down. Find the right USD pair to trade.