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USDCHF MARKET ANALYSIS

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  Good evening traders, it's an amazing Wednesday and I hope you've had the opportunity to capitalize on market movements for the week. Into the markets, I've been looking at USDCHF where price broke below a key H1 & H4 demand zone at 0.82390 & 0.82000 and formed lower lows on H4 at 0.81700. Price retraced to retest the broken demand as a new demand at 0.82390 before a potential continuation of the drop lower. Price formed rejection wicks with candle closes inside supply followed by a strong H4 bearish engulfing candle. Price gained more bearish momentum during NY session by a constant push away from supply and formed candle closes below supply confirming the bearish sentiment. Took sell positions during NY session at 0.82320 with SL at 0.82520. Setup taken is a drop base drop, a continuation setup and my target is at the next major H4 & daily demand zone at 0.80850. Price dropped 60 pips to the 1st H4 low at 0.81730 confirming the bearish sentiment. Price faile...

NAS100, US30 & S&P500 MARKET ANALYSIS

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  Good morning traders, it's a fine chilly Tuesday morning and I hope you're all doing well. Into the markets today, I'm looking at the US Index markets ie NASDAQ, US30 & the S&P500. Into the markets today, NAS100 broke above a major H4 & daily supply zone at 20715.7 & 20512.2 and formed higher highs on H4 at 21470.5 forming a new bullish range. Price then retraced back to retest the broken supply as a new demand before a continuation of the rally higher. Price dropped into the demand and formed rejection wicks with candle closes above demand on H4 at 20715.5 followed by a rally in a constant push away from demand confirming the bullish sentiment. I anticipate a potential continuation of the rally higher as the setup taken is a rally base rally, a continuation setup and my major target is at the next major H4 & daily supply zone at 21921.3 & 22108.8.  Into the S&P500, price broke above a major H4 supply zone at 5785.40 & 5681.24 which was the...

NEW WEEK MARKET OUTLOOK

  Good  morning traders, it's a fresh start of the week and here's a deeply detailed video on the outlook for the week on various pairs, indices and commodities. Enjoy and stay tuned for more.

WEEKLY OVERVIEW MARKET RECAP (EURUSD, USDCAD, USDCHF & GBPUSD)

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  Good evening traders and happy Sunday. I hope you've had an amazing weekend and you're ready for the new trading week from tomorrow. Here's a recap of the week's trades as we focused on EURUSD, USDCAD, USDCHF & GBPUSD as analyzed in the previous post. Into EURUSD, price dropped 120 pips to the H1 & H4 low at 1.11400 and markets closed the trading week at 1.11650. Price shows a strong bearish sentiment into the new trading week as markets move within our working range as it formed lower highs on H1 at 1.12200. I anticipate a potential retracement back to the H1 lower highs before a potential continuation of the drop lower and the 1st target being the H1 & H4 low at 1.10800 and the major target at the next major H1 & H4 daily demand zone at 1.09550 & 1.09100. Into USDCAD, price rallied to the new H1 & H4 higher highs at 1.40000 and failed to break above and instead retraced back to the minor H1 & H4 low and demand at 1.39100 closing the tradi...

MARKET OUTLOOK (EURUSD, USDCHF, USDCAD & GBPUSD)

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  Good morning traders, I hope you're all doing well and welcome on board as we get to look at the various pairs for the week. Into the markets today, I'm looking at EURUSD, USDCHF, USDCAD & GBPUSD for potential trading opportunities. EURUSD price rallied back to the major broken demand retested as a new supply on H1 & H4 at 1.13100 & 1.12600 before a continuation of the drop lower. Price dropped & formed lower lows on H1 & H4 at 1.10800 then retraced back to supply and the previous H1 high at 1.12600 which is the origin of the drop to the H1 & H4 lower lows. Price filled the 1st range from the major H1 & H4 supply zone at 1.13100 & 1.12600 to the 1st H1 & H4 low at 1.10800 and back to the major H1 & H4 supply zone. Price formed strong rejections on H1 & H4 with candle closes below supply followed by a strong bearish push confirming the bearish sentiment. Price has dropped 80 pips and still showing more bearish potential. I anticipate...

KNOW YOUR BROKER EPISODE 1

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  Hey guys, here's a know your broker episode with a review of the various brokers that one can use for trading. In Kenya, there's a list of brokers that are regulated by the Capital Markets Authority and they offer financial markets services. They are : 1. Scope Markets Kenya 2. FX Pesa 3. Exness 4. Pepperstone 5. HFM Markets 6. Ingot Brokers 7. Windsor Brokers 8. IC Markets 9. FP Markets Let's start by learning how to identify a trustworthy brokerage firm. These are the key steps to identify a trustworthy brokerage firm :  1. Licensed and regulated. Are they licensed and regulated by the Capital Markets Authority in the country? One can easily confirm that on the Capital Markets Authority website. 2. Physical location. Do they have a physical location that you can visit in case of any assistance required? 3. Education. Do they have educational services to help their traders and investors to learn how to trade and invest their capital? 4. Deposit and Withdrawal methods. Do...

USDCAD MARKET ANALYSIS

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  Happy New week everyone after the long Easter holidays. I hope it was a great and productive Easter holiday for you all and I welcome you back to the markets with a great setup. Into the markets today I'm looking at USDCAD as price dropped into a major daily demand zone at 1.38840 & 1.38230 which is the origin of the previous rally to the major daily supply zone at 1.44800 & 1.44430. Price filled the major daily range from the major daily demand zone to the major daily supply zone and back to the major daily demand zone. Price dropped into demand and formed multiple rejections with candle closes inside demand on the daily chart but on the H1 & H4 formed fake breakouts. Price formed a strong bullish engulfing on H4 by a constant push away from demand showing a potential bullish reversal.  Took buy positions during NY session at 1.38441 with SL at 1.38000. Setup taken is a drop base rally, a reversal setup and my 1st target is at the 1st H1 & H4 high at 1.39700...