Tim298

Tim298 Updated 

After the recent meltdown of GBPAUD into the lows of 1.74 on DECEMBER 11,2020. GBPAUD is starting to recover and setting up for a rally soon to occur. Looking at the charts, We can easily notice recent lows formed on Daily timeframe such as 1.74340 and1.75620 {marked with black broken lines}. This gives an indication of possible buys coming in soon. We should...

Tim298

After about four months of GBPAUD rebound from the last dip of December 2020, GA struggled continuosly with weak price action to gain bullish momentum but was able to pull price up from December lows of 1.7400. GA was quite bullish for a while and technical analysis was indicating bulls could move price into 1.85 highs but this was cut short last week when price...

Tim298 Updated 

Looking ahead into GBPAUD this week, we can easily notice two visible resistance at 1.84 and 1.82. For the week ahead, GBPaud could drop into 1.76 lows.. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !

Tim298

Looking into GBPUSD, Fading hopes for a post brexit deal caused some fresh selling for the cable currency on Thursday. We clearly see that GBPUSD rejected 1.35400 level, this is actually bad for the cable because historically we find out that the pair slowly slides and dives down from this area. While long term, I see GBPUSD coming to the lows of 1.27 in the...

Tim298

Bitcoin (BTC/USD) has stayed relatively quiet ranging between $9000- $1000 for the past two weeks or so. Looking at the technical analaysis of BTCUSD, we can see huge range of resistance between $10k -9k , for existing support levels , we see $9300, $9100 and areas around $8.8k. Price rejecting $10k or below is a could sign for short term sells but if bull...

Tim298 Updated 

Eurgbp has been forming higher lows and higher highs, Looking at the weekly chart, it seems we are in a clear uptrend with the huge U pattern developing. If buyers momentum continues at this pace, price could move into 0.9. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether...

Tim298

According to Eurusd technical analysis: There is no change in my view towards the EUR/USD pair, as the general trend is still bearish and the recent attempt for a bullish correction has been unsuccessful as long as it did not hold above the 1.1000/ 1.11500 psychological resistance. Approaching the psychological support level of 1.0800 - 1.075 continues to support...

Tim298

The AUD/JPY market has been rallying since the beginning of this new week, we currently can observe price reaching the 71 resistance level. If we see price rejecting this level, This could be a great entry on the short term for sells. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider...

Tim298 Updated 

The AUD/NZD market has traded in a range for a long period of time but at the moment, we currently can observe price reached as resistance. Price clearly rejected the resistance above, This could be a great entry on the short term for more sells.

Tim298

NZDusd as been in a clear uptrend since the past week but looking at price reaction and rejection towards the 0.616 level, I think buys sentiment is getting exhausted as H4 timeframe shows weakness with a bearish engulfing candle. I expect price to move from where it is currently towards 0.606 level and maybe into 0.600 level. Looking at the Daily Timeframe,...

Tim298 Updated 

The British pound ran into resistance again against the Japanese yen as it rallied towards the crucial 132 level. This is an area that has been important more than once, as it was previous support. At this point, the market looks as if it is trying to roll over again. Outlook in GBP/JPY is unchanged as GBP is long-term bearish. Below 130.64 will target a test on...

Tim298 Updated 

In the previous week, we see GBPCHF rally after a recent drop in price, analysing with the renko brick charts, Price created an M pattern, which created a short rally at the beginning of this week for a retrace to the M bottom (1.21), I expect price to go move below from here towards 1.20380, if the bearish momentum is strong enough we could see 1.18. Risk...

Tim298 Updated 

USD/CAD stays above 1.4000 and the key question is whether it will continue the recent upside move. At this point, the nearest major resistance level is located at 1.4575 and 1.42300. This level has already been tested many times and has proved its strength. We also note USD/CAD is struggling to continue above the recent highs formed towards the end of last week...

Tim298 Updated 

Technical Analysis : Price action as been choppy for USDJPY, We see a clear range between 109.500 and 107. I see no changes in the technical view of the USD/JPY pair even with a choppy price movement, it remains stable below the 108.00 support amid stronger control of the bears on performance, and risk aversion will remain supportive of this trend and foreshadow...

Tim298

According to the technical analysis of the pair: Recent bullish EUR/USD movement still lacks the strong momentum in order to be able to reverse the general trend, which is still bearish. At the same time, the resistance levels 1.1020, 1.1100 and 1.1185 may be the first correction stations to support stronger bulls control over performance. On the other hand, a...

Tim298

According to technical analysis, looking at GBPUSD the success of bears moing price below 1.22000 support confirms the reversal of the general short term trend which was bearish. On a long term perspective, the overall trend is still downward. The return of the GBPUSD bulls by pushing price above 1.24 -1.27 resistance level may give some new hope but until 1.3500...

Tim298

GBPJPY's corrective recovery from 123 lows extended higher the previous week as the currency ended with some bulls pushing an uptrend in price, GBPJPY seems to have found and created support in the previous week, I expect this trend to continue up until somewhere around 138-140 before we might see some exhaustion. Could this be a corrective phase for a further...

Tim298

The price of bitcoin has shown a strong surge over the past weeks as price rallied from $3750 to $6900, however we see a rejection at the $6900 level which confirms a resistance. The daily chart is showing a clear rejection which is not a bullish perspective to look for, since price wasn't able to break $6900. We could be looking at lower support levels below at...