long1996

long1996

Weekly: The pair can be seen respecting the uptrend as it found some support on it. In addition the uptrend also coincide with the Fib level 0.5 - 0.618. However, the pair has printed an Evening Star Formation in the previous weeks, thus I would expect the price to meet significant resistance on 113.1 region which is around half the retracement for the bearish...

long1996

Weekly: From the weekly perspective, the pair has just broken out of the consolidation box and more upside is expected. But first it would have to challenge the Dynamic Resistance before it can retake the upside. In the previous weeks, it has tried to push higher only to be held back by the EMA 21. Daily: From the daily perspective, the pair seems to have...

long1996

Weekly: For 2 consecutive weeks, the pair has slowed down as it challenge the Fib level 0.5 & also the Weekly uptrend that has been respected multiple times. A break of support at 1.145 region will expose the pair to 1.12 region which is the Fib level 0.618. Alternatively, a break to the upside will expose the pair to the previous Swing High at 1.18. Daily:...

long1996

Weekly: We can see that the pair has broke out to the upside of a tight consolidation with a strong Bullish Candlestick. From a long term view, Gold could potentially push higher towards the fib level at 1287 region where it will meet the high of the Weekly Range. But for now, the pair has to react to the next resistance at 1245 region where it coincide with...

long1996

Weekly: Following a bearish closure last week, the pair has traded lower but has managed to found strong buying power at the 1.15 region as it was rejected sharply and pushed back into the Daily Range. From here on out, we will be looking for a retracements to 1.17 region or somewhere between the Dynamic Resistance where it would prove to be a good selling...

long1996

Weeky: On the weekly the pair has tried to trade higher towards the key resistance 1.33 but failed to do so as it faced strong selling pressure as it reach the Dynamic Resistance EMA 50 and was rejected strongly. The weekly close ended up as a Doji candle sitting right below the EMA 21. If we look at the Fib level, we can found that the price has stalled...

long1996

Weekly: The pair is still contained within the range weekly range of the Shooting Star Candlestick. The pair has consolidate for 2 weeks in the range. A break of the range would expose the upside at 151.8. Alternatively, a downside break will expose the downside at 145.5 & 140.25. Daily: Looking closer we can clearly see the pair is contained within the range...

long1996

Weekly: Following last week's Bearish Engulfing candlestick, the pair has challenged range bottom at 1.151 region. The pair has failed to closed below it on the Weekly Candle. This indicates that the pair has found some level of cushion on the support. Daily: The pair has break below the range at support 1.152 region with a strong Bearish Candlestick....

long1996

Weekly: After bouncing off major support at 125, the pair has broken above major resistance at 132. Following that, the pair has formed a doji, indicating indecision of the market. More confirmation is needed on the lower TF. Daily: On the daily chart, we can see that the pair has found resistance on 133 level and started to retrace downwards as it form a...

long1996

Weekly: After rebounding from the August Low at 1.131 region, the pair has traded higher towards 1.18 region where it found significant resistance and faced strong selling pressure, leading it to print a Bearish Engulfing candlestick. This indicates that the pair could potentially go another leg lower if the support at 1.155 is broken. Daily: On the daily...

long1996

Weekly: We can clearly see that the pair has failed to break above the resistance at 1207- 1215, with multiple touch on the resistance and being rejected with strong selling pressure. In the previous weeks, the pair has failed to retest the upside and subsequently challenged the downside at 1183 level. However the pair has failed to break below as it found some...

long1996

Weekly: After bouncing off major support at 1.2675 region, the pair has retrace and retested the upside at 1.33 level where it found strong resistance and formed a strong Shooting Star Formation. In addition, the rejection also coincide at the Dynamic Resistance of EMA 21 & 50. Following the formation, the pair has tried to reclaim the upside only for it to be...

long1996

Weekly: Prior to the breakout, the pair has formed a Morning Star formation as it found support on 140.25 region. This indicates that the pair is potentially undergoing a trend reversal. This is then followed by a breakout of the downtrend. However the break is unconfirmed as the weekly candlestick formed a Shooting Star formation and with the next weeks trading...

long1996 Updated 

Daily: After pushing higher to around 149.5 region, the pair found strong selling pressure and printed a bearish engulfing candlestick, indicating a potential reversal. At this point of time, more confirmation is needed. H4: We can see that it has formed the 3 black crow pattern at the top of the range. The pair has slow down near the support 147 region. A...

long1996

Daily: The pair has form a shooting star after being sharply rejected off resistance 133. The pair has closed near 132 region. More confirmation is needed at this point. Watch for reaction on 132 level. H4: As we can see, the uptrend and EMA 21 has been respected multiple times. However, the pair has printed an evening star pattern at 133 level. More...

long1996

Daily: The pair has broken out of the inverted H&S neckline. A retest is needed to confirm the break. A rejection on 1.17 region would target the upside at 1.1825 & 1.2. The EMA 21 has also crossover to above EMA 50, indicating a potential upside trend. H4: The pair has respected the uptrend & EMA support multiple times. I'll be waiting for the pair to react...

long1996

Daily: The pair has challenge the resistance at 1.33 but failed to break above it. The pair then faced strong selling pressure that printed a bearish marubozu, eliminating the gains of the week. This indicates there is strong bearish momentum and is a sign of trend reversal. H4: The pair has broken the uptrend with strong bearish pattern, a 3 black crow. The...

long1996

Daily: We can see that the pair has been respecting the EMA 21. It has also printed a shooting star candlestick followed by 2 inside bar. The buying pressure seems to be capped by the EMA 21. In addition the corrective rally seems to have formed a rising wedge. H4: Looking closer we can clearly see the formation of the wedge with key resistance at 0.9425...