lodrickthomas

lodrickthomas

Please read my previous analysis on Weekly analysis (link below) then come back to this H4 analysis! In short in H4 we see signs of a trend reversal if the price closes below the 0.8670 price mark, especially at the end of this week then there is a good chance that a journey to 0.82-0.83 has begun!

lodrickthomas

Currently, this pair is on a down-trend structure! if the price closes below 0.87 then there is a good chance that the next zone is 0.83 which aligns with the 1.618 fib extension area!

lodrickthomas

After breaking the uptrend structure EURGBP has been trapped in a ranging market structure for quite a while now! The market structure is in a downtrend; if this weekly timeframe analysis holds, the next target is the 0.83 price range!

lodrickthomas

This analysis's foundation lies in the range of market structures formed from 2020 to date. Price has been obeying this range for nearly 3 years and to date price is at the bottom of the structure. It depends on how price is going to react around this area but chances are there might be bullish scenarios to be observed in the coming months! If this structure...

lodrickthomas

This pair have been under pressure for quite a while, but recently we have seen some bullish indicators, if everything goes as forecasted then there is a long bullish coming in the near future!

lodrickthomas

I have been bearish on JPY for a couple of days but there is no way we can ignore this head and shoulder pattern on EURJPY! If this pattern holds then our possible destination is 145 price level!

lodrickthomas

Refer Daily frame analysis, linked below! This is a possible scenario, somewhere we might have a head and shoulder pattern before the price pushes northwards! Yes, it's a risky trade but it is a possibility! Patience and strong risk management are KEY HERE!

lodrickthomas

A very important zone on CADJPY! The overall structure is uptrend! Price at a very important zone on both H4 and Daily Timeframe! If this zone holds then the next stop is 100.50!

lodrickthomas

The overall structure of this pair is a bullish uptrend! Currently, the price is on the daily support zone! any bullish candle stick signal at this zone will signal a bullish continuation trend.

lodrickthomas

Price is in a strong support zone which has been unbroken since 2022! A strong buy signal on the daily timeframe will trigger a bullish scenario on this pair!

lodrickthomas

CADJPY has been on a bearish trend for a couple of months now, however, there are chances that bears are exhausted and it might be time for bulls to run the price to the 110 to 120 price mark! it will take months for this analysis to yield, but should the right buying opportunity occur, the target ought to be the 114 to 120 price level!

lodrickthomas

Please refer the yesterdays monthly analysis on this pair (link below)! On weekly time frame we have a very important zone and if this zone holds then might be a very important zone for bullish scenario! For long term, and if gold continue to show some weaknesses then the next zone might be price level 2.00000!

lodrickthomas

Head and shoulder is one of key patterns in forex trading! On daily time frame, there is a possibility that heard and shoulder pattern is forming on gold! if this pattern formed and holds then there is a chance that bears might take a ride to around 1630 - 1700 price level!

lodrickthomas

Call it double bottom, call it support and resistance, but on the monthly timeframe, there's a chance this pair is in a long-term bullish trend!

lodrickthomas

On daily timeframe there is a great chance that a triple top has been formed, this might be a good indication of bullish momentum in the coming week!

lodrickthomas

This pair had been a bear trend for a little while! But there is a chance for a bullish run in the coming days! On the lower timeframe, H1, we have an inverted head and shoulder! if this holds then chances this might be a trigger for a bullish run!

lodrickthomas

Here is the H4 analysis for GBPCHF! It's a very tricky trade but if plays well 1.6 is the target! PS: See the Daily Timeframe analysis below!

lodrickthomas

The general trend for GBPCHF is bullish and currently, the price is testing a key zone on both Daily and H4 timeframes! Any bullish sentiment/signal on this zone might trigger a bullish run for this pair!