Pair: USDCAD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, consolidation period, triple touch ————— Key Takeaway: Loads of strength for USD at the moment and we have seen that this pair has been consolidating for some time. We have seen weakness of CAD also last week so we are looking for long entries of this pair....
Pair: GBPUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break, ascending triangle pattern ————— Key Takeaway: Last week we saw a break of pennant pattern and the pair showed overall strength with BOE attempts in rescuing GBP. We are looking for a break of this next level of resistance and a...
Pair: EURUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, retracement trade (pullback) ————— Key Takeaway: The pair has been repeating the same pattern of breaking, re-testing and reversing from significant levels of support for some time and as we can see here we are about to repeat...
Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, pullback, fib levels ————— Key Takeaway: Overall bias for the pair is bearish as we have been down trending in this trend channel for weeks now, we could expect to see some sort of pullback to resistance at the start of the week before...
Pair: EURCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break or bounce ————— Key Takeaway: Alot of bullish movement for the pair so we could see break of the trend channel although this momentum could be exhausted and we could bounce and reverse bearish ————— Level needed: need a close by...
Pair: EURGBP Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern ————— Key Takeaway: We have seen a break of consolidation and are now looking for breaks of this descending triangle pattern, we are keeping bias open so we could breakout either way, we just have to be ready when it does...
Pair: NZDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, support break, retest, pennant pattern break ————— Key Takeaway: We have seen price break the pennant pattern to the downside and a bounce off of resistance trend line, we have entered short and are aiming for the next major swing low ————— Level needed:...
Pair: GBPUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, resistance break, retest, pennant pattern ————— Key Takeaway: We have seen a break of resistance, we need to see a re-test of this level as newly found support before entering long, TP1/2 will reflect the incoming trend line of the pennant and we will have...
Pair: EURUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, double top?, ascending triangle pattern ————— Key Takeaway: Price has reached resistance level and could possibly be forming a double top, if we do we will look for short trades. On the other hand EUR has been showing some signs of bullish steam so we could...
Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance,trend channel, consolidation period ————— Key Takeaway: Price has been ranging in consolidation for some time in this downward trend channel and it about time we see some bearish movement. We are waiting for a bounce off high volume level, top of trend...
Pair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, double top ————— Key Takeaway: Price has been consolidating around this level of resistance for some time and seems to be breaking it bearish. we have seen a double top form indicating reversal and have also been using high volume level as strong resistance...
Pair: GBPCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, fake-out ————— Key Takeaway: Alot of bearish strength for the pair and price as created a fakeout at these vital resistance levels indicating price is going to downtrend, we have entered this trade as these 3 vital areas seem hard to break ————— Level...
Pair: CADJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle ————— Key Takeaway: Alot of bearish strength for the pair and we are currently consolidating in a ascending triangle pattern after big push down, we cannot break resistance along with high volume level so we are waiting for a break of...
Pair: EURJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break, retest of broken support ————— Key Takeaway: Seen a very drastic break of trend channel last week that we were fortunate to catch a trade on :) we have now broken vital support and we are currently in the re-test phase. If price...
Pair: USDJPY Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle, fakeout? ————— Key Takeaway: Seen a break of trend line last week but you have to remember this was only due to JPY's attempt in aiding the currency, the bearish spike did not last long and is already back on the rise. Looking for...
Pair: USDCHF Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle ————— Key Takeaway: Alot of bullish momentum for this pair meaning we will be looking for long trades only. Huge bullish candles have formed which leads us to believe that this major level of resistance above will be broken. We might see...
Pair: USDCAD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, fibonacci retracement ————— Key Takeaway: Alot of bullish momentum for this pair meaning we will be looking for long trades only. We saw bears come through a bit before market close last week and we recon the momentum will continue to the vital levels...
Pair: AUDUSD Timeframe: 4H Analysis: Round number level, trend line, volume profile, support and resistance, trend channel break, retest of vital areas ————— Key Takeaway: Alot of bullish momentum for USD which has caused this pair to show alot of downward momentum. We have already seen a break and caught some pips from this on Friday, will be looking for retest...