EURZAR is currently in a Weekly order block. We have vector candles showing a decisive three pushes to the current low. RSi and TDI should read lows and Shark Fins in this region. Look for a Head and shoulder pattern to enter long toward the 70.7Fib retracement of the XC leg. Usually pattern failure may occur around the Fib level around the 19.5100 level. If...
A notable impulsive movement has been observed in the gold market, with the price surging from 1808 to 1831. My technical analysis suggests that the price has entered a profit-taking zone, which could prompt buyers to offload some of their positions before resuming their purchases. Consequently, there is a possibility that the price could experience a temporary...
Approximately two hours ago, my market analysis indicated a high probability of an impending Gold price rally. As anticipated, the price has since moved by 80 pips, confirming my initial prediction. My technical analysis has identified a significant harmonic reversal pattern on the M30 chart for Gold, which provides further validation for my bullish...
The EURAUD currency pair has recently entered into the bearish market zone on the 4-hour timeframe, which also coincides with the resistance level on the M30 channel. This has occurred following a substantial increase in value during Friday's trading session which we also captured. Currently, there are two potential outcomes for the market: 1. The price may...
On the last day of the trading week, we observed a significant upward rally in GBPJPY. This development is in line with my prior analysis of the pair, wherein I anticipated/predicted a bullish move. Notably, today also presented an outstanding intraday buying opportunity. Specifically, during the Asian session, price formed a bullish bat pattern on the M15...
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...
NZDUSD SELL learning how to count levels inside of the market cycle.. Lets see how this plays out..
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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...