If commodity FX is anything to go by, we could be in for a bout of risk-off. The yen and US dollar were the strongest majors, which saw AUD/JPY and NZD/JPY pull back from cycle highs and form bearish outside days alongside AUD/USD and NZD/USD. The fact that AUD/USD reversed at its 200-day average and closed beneath the 200-day EMA makes it likely the 2-day bounce...
Risk aversion reigns supreme, casting a dark cloud over AUD/USD just before today’s employment report drops. A stellar jobs report is unlikely to spark calls for an imminent RBA hike, but it might prompt some short covering on the Aussie. Besides, there are early signs of stability above the 65c zone with Wednesday’s lower wick, which saw a false break of the...
Gold recently deceived with a false bullish breakout in the weekly/daily supply zone, leading to a bearish reversal. Additionally, the 4-hour timeframe revealed a recent bearish breakout along the trend line, supported by identified confirmations. Anticipating a downside momentum, we also foresee a potential approach to lower levels, possibly nearing the weekly...
My dear friends, My technical analysis for EURUSD is below: The market is trading on 1.0881 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0955 Recommended Stop Loss - 1.0849 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used...
My dear subscribers, EURGBP looks like it will make a good move, and here are the details: The market is trading on 0.8555 pivot level. Bias - Bullish My Stop Loss - 0.8537 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.8591 About Used Indicators: The average true range ATR plays an...
My dear friends, Please, find my technical outlook for AUDJPY below: The price is coiling around a solid key level - 97.657 Bias - Bearish Technical Indicators: Pivot Points Highanticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 96.905 Safe Stop Loss - 98.000 About Used Indicators: The...
My dear subscribers, This is my opinion on the EURUSD next move: The instrument tests an important psychological level 1.0897 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0882 About Used Indicators: On the subsequent day,...
My dear followers, I analysed this chart on BTCUSD and concluded the following: The market is trading on 41790 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 41225 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
January 22nd DXY: Break 103 to trade down to 102.80 NZDUSD: Buy 0.6140 SL 20 TP 45 AUDUSD: Look for reaction at 0.6650 resistance DXY strength; Sell 0.6575 SL 20 TP 50 USDJPY: Buy 148.80 SL 30 TP 90 or Sell 147.50 SL 30 TP 100 (Pending BoJ news event) GBPUSD: Sell 1.2690 SL 20 TP 47 EURUSD: Buy 1.0915 SL 25 TP 70 (Hesitation at 1.0940) USDCHF: Sell 0.87...
USD/CAD has just reacted off an overlap support and could potentially bounce higher towards our take-profit target. Entry: 1.34255 Why we like it: There is an overlap support level Stop Loss: 1.33505 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement level Take Profit: 1.35419 Why we like it: There is a pullback...
The Euro (EUR/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1.09271 Why we like it: There is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level Stop Loss: 1.09981 Why we like it: There is a pullback resistance that aligns close to the 50.0%...
– Previous Weekly candle closed Bearish around 2029.600 forming Weekly Resistance around 2049.200, Friday daily candle closed weak Bullish rejecting 2040s area. – Buys on close above 2035.300 targeting 1h Resistance formed around 2041.600, Leaving Runners to the Weekly Resistance formed around 2049.200. – Sells on close below 2024.900 targeting 1h Support around...
– Previous Weekly candle closed strong Bullish around 188.130 tapping into Weekly Resistance formed on 27th November 2023, Friday Daily candle closed Doji Bearish forming Daily Resistance around 188.230 leaving a Rejection wick to the upside around 188.940. – Buys on close above 188.300 targeting 4h Resistance formed around 188.770, Leaving Runners to the previous...
1H - On the hourly timeframe, we are currently in a long context, with the nearest target being the Friday High. After updating that level, I plan to revise the idea based on the price reaction to the Friday maximum.
4H - After the removal of the SSL (Sell Stop Level) on Wednesday, the price established a weekly low and experienced a reversal, breaking the structure and continuing the upward movement on Friday after entering the FVG (Fractal Volume Gap). After receiving a reaction at the nearest fractal minimum, the price continued the upward movement. I consider 1.276 as the...
1D - On the daily timeframe, we continue to be in a long context. Throughout the week, we sustained the movement from highly liquid zones. After Friday's close below the previous fractal, the price initiated a short movement towards the nearest fractal minimum (as mentioned in last week's review, the decision to leave equal lows around 1.26 seems justified). Due...
GBP/USD -GBP/USD make a shift in structure -price have a IMB above and unmitigated supply -Price can mitigate and slice the supply so dont enter without confirmation
My dear followers, I analysed this chart on USOIL and concluded the following: The market is trading on 73.39 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 72.34 Safe Stop Loss - 74.01 About Used Indicators: A super-trend indicator is plotted on either above or...