mosa_moshka

mosa_moshka

Technical Overview Taking a detailed outlook at Gold/XAUUSD on a long/medium term overview using our monthly & weekly charts respectively it would seem as though Gold is currently forming a AB = CD formation and if that is the case we can expect Gold to continue to push further up well into our $2500 Psychological level/area where we can expect a Possible ...

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Looking at EURAUD from a purely technical observation we can take note of the fact that the EURAUD has broken out of our long standing bullish monthly trend line which has started to point us towards a new bearish sentiment/bias in the long term, now looking further into it we can also notice that on top of breaking out of our monthly bullish trend we can notice...

mosa_moshka Updated 

Ahead of tomorrow’s RBA Interest rate announcement I’ll be looking closely at GBPAUD, as we can see from the current GBPAUD chart from a top-down and a down-up perspective we can take note of the fact that after managing to break out of the downward retracement last month, GBPAUD mamaged to push steadily upward until reaching our 1.94150 area before “losing...

mosa_moshka Updated 

Initial position on GBPUSD taken out by a small margin as market headed up to touch our diagonal resistance which was created by our ascending channel which can be identified on our H1 & H4 timeframes within our overall larger structure which is currently in a consolidation(invalidating LTF QML formation). I’ll be entering a new sell position at 1.27518 with stops...

mosa_moshka Updated 

Looking into GBPUSD from an overall structural perspective we can see that we’re currently trading within a consolidation forming on our higher timeframes so currently our trading is focused more around the key areas within the consolidation while we wait for the market to choose an overall direction on a larger scale. Now taking from the above statement we can...

mosa_moshka Updated 

Looking at the JSE 40 all-share Index on the daily chart we can take note that the index has been trading downwards since peaking sometime during Feb 23, now looking to the left again we can take note that after the release of the 1st quarter Dividend & Earnings release the JSE drop on both accounts. Now looking to the right, we can take note that the JSE has...

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Looking at USDZAR on our weekly chart we can notice that USDZAR has been failing to break to the downside as has been respecting our previously outlined levels. To elaborate further we can take note of the fact that USDZAR’s failure to break through our 17.50xxx Psychological level confirmed a new higher low on the pair after which it started rallying back up and...

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Looking back on our Gold daily chart we can take note of the fact that Gold was in a relatively strong uptrend throughout the first half of this year; however in the beginning of June 2023 we saw breakout of the 5 month uptrend after which price attempted to push back up creating a new residence at 1979.70 before pushing back down. Now looking forward we can...

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USDJPY update, looking at USDJPY now based on my initial analysis we can see that the USDJPY tanked as per the initial forecast, there was some volatility during the course of the week due to fundamental events surrounding the USD which also acted as a catalyst towards increasing the overall momentum as we would’ve noticed with today’s NFP announcement. But...

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USDZAR | Weekly Looking to the left on USDZAR based on my initial analysis, we notice that we he had a target for USDZAR at 21.2xxxx - 21.5xxxx after which we saw USDZAR rally all the way up to 19.93xxx creating a new high for the USDZAR we saw it fail to break above our 20.xxxxx psychological level. After failing to break above the 20.xxxxx level we noticed...

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USDJPY | H1 | Outlook Looking at the USDJPY we can see that price broke our diagonal support at 144.5xx after successfully closing bellow our diagonal support we saw it push up to our horizontal resistance around 144.720 - 144.890. Now looking to the right we can expect USDJPY to push down to 142.8xx after successfully closing bellow 144.600.

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Looking at the Norwegian Crone/Japanese Yen (NOKJPY) daily chart we can see that it has been ranging for a while after bouncing of our key price level at 12.250 a few months back and has been consolidating since then after failing to break above 12.880. Now looking to the right we can see that NOKJPY just broke out of our current consolidation and if it manages...

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Looking at EURUSD on the 30 Minute & 1 Hour chart we can notice that EURUSD broke out of our short term trend and has started headed up, no looking to the right, we can expect EURUSD to push down to create/confirm a new minor support level for the short-term before pushing up for a potential +100 / +140 pips.

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USDJPY hit my stop loss earlier today as it continued to push up passed the resistance, on our higher timeframes we can note that since USDJPY didn’t go in the direction of our short term Sell order we can expect to see it push further up. Will be uploading my medium/long term view of USDJPY as the day progresses.

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USDZAR as we can see that it recently broke a crucial level around 18.50xxx during the course of this month creating new highs around 19.5xxxx. Looking to the right we can see the if USDZAR closes above 18.50xxx at the end of May, we can expect USDZAR to push further up to touch 20.50xxx - 20.70xxx before attempting to come back down to settle around 17.5xxxx -...