Samuel124

Samuel124

The recent release of the CPI (Consumer Price Index) yesterday, showed an increase of 0.5% on all items, which was in line with market expectations. The CPI is a critical indicator of inflation, which can impact the value of a currency. Inflation tends to reduce the purchasing power of a currency and can lead to a decline in its value, all things being equal....

Samuel124

I think gold will move to the upside. It has seen rejection on the demand zone which also serve as the M15 discount price. Possible target will the the 50EMA and the 200EMA. 50EMA will be my short term target while 200EMA my medium term target.

Samuel124

The USDJPY currency pair is likely to experience a significant correction , moving downward from its current position at 132.795 (even though JPY is weak). I anticipates that the price will find support at key technical levels, on the 50EMA, 200EMA, and 800EMA respectively. The 800EMA is expected to represent a deep correction, while the 50EMA and 200EMA are...

Samuel124

The technical analysis of US30 reveals that the index is currently encountering resistance at the level of 34195. The 200EMA initially acted as support for the price confirmed by a quick rejection to the upside. Furthermore, the TDI also displays an overbought position, further strengthening the bearish sentiment in the market. A confirmation of this rejection at...

Samuel124

The USDCHF currency pair has been under observation and analysis in recent times, and based on the current market conditions, it is likely to be in a corrective phase. After the correction, it is expected that the USDCHF currency pair will enter into an impulsive phase. I expect the currency pair to drop to the 0.92000 - 0.91500 price zone. At this level, it is...

Samuel124

The USDJPY currency pair has recently experienced a significant price movement, breaking through key liquidity zones of 131.575 and 131.11, which were previously defined on the 12th and 24th of January respectively. This price reaction can be attributed to various fundamental factors that were reported in the previous week. The overall trend of the dollar index,...

Samuel124

Fundamental Analysis Here are the key takeaways from BoE meeting: 1. The Bank of England's Monetary Policy Committee has increased the Bank Rate by 0.5 percentage points to 4%. 2. The vote was 7-2 in favor of the increase, with two members preferring to maintain the Bank Rate at 3.5%. 3. Global consumer price inflation remains high, but is expected to have...

Samuel124

The USDCAD market has exhibited bullish order flow starting from January 30th at a price level of 1.32998, reaching a peak of 1.34709 on January 31st. However, a pullback was observed subsequent to the upward move, as price retraced to the H4 and M15 demand zones. The potential for a rally to the upside exists if these double demand zones hold. It should be noted...

Samuel124

The XAUUSD currency pair, representing the exchange rate between gold and the US dollar, is currently facing rejection at the 1900 and 1896 support zone. This follows a significant drop of over 200 pips attributed to robust selling activity from the 200EMA, which is functioning as dynamic resistance. The current scenario suggests an oversold condition of the...

Samuel124

The psychological support and resistance levels for GBPUSD for the current week have been established at 1.24044 - 1.23774. The technical analysis of the 4-hour and daily time frames indicate a bearish trend, with the daily time frame currently situated within a contraction zone. Based on the 4-hour trend and weekly PSR, it is expected that the bearish sentiment...

Samuel124

The EUR/JPY currency pair rallied to the resistance zone around 141.819 after a prestine W-pattern formation in the early hours of the London session. My technical analysis suggests that it may sell off to the downside in the short to medium term. The medium-term target for the pair is 141.50, which is a key intra-day resistance-turned-support level that the pair...

Samuel124

The GBPCHF currency pair is currently experiencing a period of consolidation. Traders should exercise caution and closely monitor market movements as the market determines its direction. While there is a higher likelihood of a DECLINE in the pair, it is advisable to WAIT for market makers to move the price up to the supply zone between 1.14233 and 1.14054 in order...

Samuel124

The GBP/USD currency pair has exhibited potential for a short position following an upward movement of over 250 pips from the previous projection, resulting in an attractive risk-reward ratio of 1:5. The pair displayed characteristics consistent with manipulation by market makers during the early hours of the London trading session. This could potentially...

Samuel124

GBPUSD has been showing bullish signs in the recent days and it may be a good time to buy the currency as it has the tendency to rally up to 1.22500 and then 1.23000. One of the key factors supporting this prediction is the divergence on TDI (Traders Dynamic Index) which is a technical indicator that helps to identify trend strength and potential trend...

Samuel124

Looking at the chart, we can see that the pair seem to have found floor at the zone (1.74988 - 1.74805), which could serve as a support level going forward. In my opinion, the technical analysis suggests that the GBP/AUD currency pair has the potential to rise higher in the short-term with a target at 1.7570, 1.7620 and 1.7670 respectively. Confirmed by a bullish...

Samuel124

From my viewpoint, EURUSD appears to be encountering a short or medium term resistance at a specific price range (1.08679 to 1.08554). Although there seem to be another resistance level at (1.08900 - 1.09245). This can be due to a variety of factors such as a large number of sell orders at that level or market sentiment. If this resistance level holds, meaning...

Samuel124

My outlook on GBPCAD yesterday played out by giving 55pips instead of 64pips that was actually projected. So what are we to expect today? Well!! From my Elliott wave count, GBPCAD is in a short term corrective phase. Currently forming the minor sub-wave 3 of wave ii of the corrective phase b. If this analysis holds, the point of invalidation (beyond which wave 2...

Samuel124

The GBPUSD pair appears to have found short-term support at the 200 exponential moving average (EMA). If price can remain above this dynamic support, we could expect the pair to rally and reach my short-term target of 1.22689. However, if the price breaks below the 200 EMA, the pair could move lower to the demand zone between 1.2086 and 1.20731. In the longer...