jefftelos

jefftelos

From the H4 perspective AUDUSD was moving in a uptrend channel where price find a recent strong support at 0.7330-0.7300. From the D1 perspective AUDUSD is moving in a bearish mode where price is forming a bearish flag pattern after a strong impulse move since early of the June. This pair has been in a bearish mode since Wednesday after the US ISM manufacturing...

jefftelos

GBPUSD has break above 1.3800 since last week but it was unable to close above 1.3990. Price is trading at 1.3903 before market closed on Friday. Daily low on Friday was 1.3890+-. Recent resistant 1.3990+-, while for recent support 1.3800+-. Price may either bounce off from this support ie 1.3900 to test again 1.3990 before it continues its bearish move...

jefftelos

Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author analysis 2)Trade at your own risk with proper lot sizing and follow your own trading plan 3)Risk management is always be the top priority

jefftelos

AUD was in high selling pressure last week since Tuesday as the market goes from risk on sentiment to risk off sentiment. Price rebounded from 1.5620 till its near yearly high of 1.5970, but soon it was rejected since Friday Europe session. Price likely to continues its bearish movement till Fib Level 0.618 (1.5760) previous support where buyer may step in to...

jefftelos

Price may continues it bullish movement till 0.7540+- early of the week till Fed’s Powell testifies on Thursday 1200am (MYT). As if managed to breakout of the resistant zone but rejected as indicated approach, look for sell opportunity till 0.7400+-. Australia employment data is set to release on Thursday 930am. Remarks from author 1)This analysis does not...

jefftelos

From the D1 perspective, the price has broken the head and shoulder pattern with a retest again before it head lower. The bullish momentum of AUD likely to continue till RBA statement on Tuesday. If it does, look for sell opportunity around Fib level 0.5 and 38.2 till 0.7400. Remarks from author 1)This analysis does not represent long or short trade...

jefftelos

During Euro session on Friday, EURAUD approached to the key resistant zone. It was near to the 3 months high of 1.5870 before it was rejected all the way down part of the reason was due to the more than forecast US job report data (725k forecast vs 850k actual) but, slightly missed on employment rate (5.6% forecast vs 5.9% actual). Currently the price is trading...

jefftelos Updated 

Fundamentally perspective, strong USD due to recent the Federal Reserved (FED) is preparing for the reduction on asset purchase during last FOMC meeting on Wednesday. D1 head and shoulder pattern. H4 trend line break, retest support becomes resistant zone, rejection pin bar in the zone. Short term tp 0.7400, long term tp 0.7200. Sentiment on CFTC traders are...

jefftelos Updated 

USD strength returned due to FOMC with possible rate hike at 2023 resulted gold slump since asian session. Possible Reversal at Fib level 61.8 and key support level 1770. Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author analysis 2)Trade at your own risk with proper lot sizing and follow your own...

jefftelos

AUDJPY Trade Idea 2106-2506 From D1 tf, there is a rising wedge pattern where price recently broke out of the trend line with strong bearish movement. Next support zone can be found at 80.50+-. Look for sell opportunity when the price break out of this support zone till 80.50+- Remarks from author 1)This analysis does not represent long or short trade...

jefftelos

Fed last meeting has sent USD index 2 months high of 92.31 of which resulted major pairs trade lower against the USD. Strong USD due to recent the Federal Reserved (FED) is preparing for the reduction on asset purchase during last FOMC meeting on Wednesday US local time. USD index was in a strong bullish move with recent breakout at resistant zone of 91.40+-...

jefftelos

Price has recently broke out of 3 months high and the key resistant zone. Euro zone manufacturing PMI data is set to released on Wed Euro session. Look for buy opportunity after retest at RBS or at fib level 38.2 or 50.0. Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author analysis 2)Trade at your...

jefftelos

From the fundamentally perspective, strong USD due to recent the Federal Reserved (FED) is preparing for the reduction on asset purchase during last FOMC meeting on Wednesday. From D1 technical perspective, there is a head and shoulder pattern with recent price has been break out of the distribution phase since early of the year, and price yesterday managed to...

jefftelos Updated 

From H4 perspective, USDJPY recently in an uptrend. The price has been respecting the lower trend line of the ascending channel. Price was bounced off from the lower trend line and key support of 109.30+-. If the price were to retest again this area of confluence ie key level support, lower trend line of the ascending channel and SMA 200, look for buy...

jefftelos Updated 

From D1 perspective, USDCAD is in a downtrend, while as for H4, price is recently moving in a range condition where resistant can be found at 1.2180+-. Temporally USD strength which sent the price to close higher at above SMA200 last Friday during US session. If the price were to retest again this resistant with rejection pin bar at this resistant, look for...

jefftelos Updated 

From H4 TF price is moving in the ascending channel where price recently was rejected at yearly high of 1.8450+- since Euro session till US session is closed. The price now is closed near to the lower trend line of the ascending channel. The price respected the ascending channel lower trend line since mid of May21, the price may either: 1)bounced from the line...

jefftelos Updated 

From D1 and H4 TF both are in downtrend . Recently CAD sentiment is strengthening since Apr21 BOC rate decision. Price is moving in the descending channel where price recently is rejected at key level indicated as zone B. Look for sell opportunity if the price were to retest again at zone B for better entry. Do take note coming week BOC rate decision at Wed...

jefftelos Updated 

From the H4 perspective, price is in an uptrend with recent price is moving in the ascending channel. As we can see from the chart itself, the price was bounced off from the lower trend line of the ascending channel since early of May21 3 times with recent bounced off was near the key level support zone indicated as zone B. Price likely to project downward at...