orgilryu213

orgilryu213

This analysis is fully technical analysis. WE can see RSI bearish divergence forming on daily and weekly timeframe. Also, monthly, UJ is overbought. Price has also reached top resistance of rising channel. Therefore, 149-150 area could be possible selling area. However, since current bullish trend has been driven by FED rate hike pace, there is also possible...

orgilryu213

Price hasn't managed to break resistance area around 1960 and bounced back down. Yesterday, we saw price has broke down the rising flag pattern. For me, price is heading back to below 1900 once again. Lets see

orgilryu213

Since JPY is oversold, we expect now a correction for all of the JPY pairs. We can see that there is bearish RSI divergence observed on 1H timeframe and price is now creating rising wedge. If wedge breaks downside and price closes 1H below 50MA, I will short on this pair.

orgilryu213

Last week, we saw USDCAD broke its mid-term rising trendline and managed to close below 50MA weekly. This week, I will expect pullback to broke trendline. IF retest happens, I will short USDCAD to 1.20.

orgilryu213

Its been hard to trade USOIL for since Ukrainian war started. However, we might have possible H&S pattern on 4h timeframe if peace talks escalate. You can check details on chart. For me, USOIL still over-priced with war-premiums.

orgilryu213

In short-term, we can see price has been rallying within rising channel up against long-term falling trendline and broke it. Since price has reached resistance around 75.5, we might see pullback to retest broken trendline around 74.0 to continue its bullish movement.

orgilryu213

Currently, JPY is oversold due to resent BOJ statement about keeping its low interest policy. Perhaps, we might see some retracement before more bullish move to the upside. If price fails to create HH and creates LL on 4h timeframe, we will execute short trade, tp around support around 118.5.

orgilryu213

All the details are on the chart. I expect this pair will continue its bullish rally since BOJ keeping its interest rate low and FED is increasing the rate.

orgilryu213

From 2020 August, Gold has been creating a descending triangle in big time frame. We see that 1680 has been quite strong support. Fundamentally, every-time rate hike news came up, gold has been drowning into red. After december 2021, FOMC protocol, we have now confirmed that there is high probability of rate hike in upcoming March. Therefore, gold might meet...

orgilryu213

GBP has rallied quite long time and reached the mid/long-term falling channel upper resistance. And it bounced back to below 1.35 area and broke the rising trendline yesterday. Today I expect short-term correction towards support sitting on 1.3360. Technical details on the chart

orgilryu213

Silver price has dropped past 2 weeks. However, current dollar strength, we might see silver to rebound again to 24-25 area. On 4H chart, bullish divergence and falling wedge has been observed. Silver price might pump again, but this week we have ADP & NFP so we need to be cautious.

orgilryu213

From my previous idea, price has rallied 150 pips. Because of the new covid variant, treasury bonds really dragging dollar down. But will it last?

orgilryu213

Following my previous analysis, we are now seeing bullish divergence underway. Expecting possible reversal on upcoming days.

orgilryu213

Lets take look back again. This pair has been rallied from the beginning of the pandemic. After hitting its high on Jan 2021, it failed to create higher high and started falling since then. You can see that it fell within descending channel and every level of fibonacci retracement areas. Yesterday with sudden fall, it reached fibo 61.8 level of the bullish run...

orgilryu213

After last weeks downside movement, I expect pullback to broken support around 1.152. EURUSD has almost reached the downline of the midterm bearish channel. DXY also has been overbought condition. We could see that price has broke the falling wedge that has been consolidating last Friday.

orgilryu213

EURUSD has break the mid term falling wedge pattern with new bullish rally. Now we seeing another falling wedge of correction. I'm surely this will go on bullish rally again after break of the current wedge.

orgilryu213

Elliot wave analysis on GOLD. Currently after an big impulse that happened last monday, gold has started new rally. We are now on finishing stage of wave 3. I expect short-term retracement (wave 4) to 1770 or 1760 level to start wave 5 to 1810 area.

orgilryu213

All details on the chart. This analysis has made by only technical aspect.