AP17FX

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 03 - Jan 18 M > Price has retraced off weekly support. We can see bullish divergence. W > Price faced rejection with a bullish pin bar. We can see bullish divergence. D> Price closed the week at weekly resistance, we can expect...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 03 - Jan 18 M > Price has broken historical resistance trend-line. It tested weekly resistance and dropped facing rejection. W > Price closed the week below weekly support. If it is able to hold on to the break of support we can expect...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GOLD/ XAUUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 03 - Jan 18 M > After reaching all time high price dropped till 0.5 Fib level on bullish impulse while price faced downward rejection from 0.618 Fib level on bearish impulse. Price has tested 1965 level twice and faced rejection,...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 52 - Dec 21 M > Market is respecting multi-year downward trend-line as resistance however this month it has broken resistance trend-line to the upside. W > Price is also respecting rising trend-line on a weekly chart. During its bullish...

AP17FX

Hello Traders, Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Market is moving in a well respected horizontal structure. It reached monthly resistance coinciding with structural resistance (last touch was in Sept 2018) and after rejection dropped till 0.5 Fib level on last monthly...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price has been bullish for past 3 months and it it made a false breakout while testing monthly resistance level. We can expect correction to the downside. We can see a W formation and its neck is close to 0.5 Fib level on...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price tested monthly resistance and dropped for correction. It again returned backup to test monthly resistance facing rejection to the downside. W > After bullish impulse price had dropped till demand zone of same bullish...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price is respecting downward resistance trend-line, it has tested the same and monthly resistance. We can expect a rejection to the downside. W > Price has returned back to test monthly resistance creating an over extended...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Market has been bearish for 2nd month in a row and price has dropped to test monthly support. W> We see bullish divergence and expect a correction to the upside. D > We see an over extended M formation and expect price to...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price has been bearish for 3rd month in a row and is testing monthly demand level now. Price can continue with its drop if it fails to correct itself, we can see bullish divergence hence some short term correction can be...

AP17FX

Hello Traders, Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Market has respected downward resistance trend-line in past and price has approached the trend-line to test the same, current price level also coincides with monthly resistance. We can expect a rejection to the downside. W...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Market is respecting downward trend-line as resistance. Price tested monthly resistance again and while doing so it has broken the resistance trend-line. Price can pull back to retrace and close below the trend-line this...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Market was moving in a downward channel, however it broke resistance to the upside last month. Price has tested monthly resistance. W > We can see W formations but their neck is in the channel that market will have to...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price faced rejection at monthly resistance and dropped for correction, we expected correction to be near 0.382 Fib level on last monthly bullish impulse however price dropped till monthly resistance now turned support and...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price was respecting downward resistance trend-line however it broke trend-line to the upside, it will now act as support. Price broke monthly resistance last week and tested key supply zone. We expect a bearish correction...

AP17FX

Hello Traders, Here is the Top-Down Analysis of DXY for Week 50 - Dec 07 M > Price has dropped beyond monthly support and is approaching wide monthly demand zone. W > Placing Fib on last major bearish support (June - August 2020) we can see that price has just tested -0.272 level, if price fails to recover it can continue to drop till -0.618 level which also...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 02 M > Market was moving in a downward channel, however price has broken channel to the upside and now testing monthly supply zone. W > Price has formed two over extended W formations and can see loss of momentum and also bearish...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 02 M > Market is respecting downward resistance trend-line, price is approaching to test the trend-line. From there we can expect a rejection to the downside. W > We can see two W patterns and their neck will be Short targets....