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Anticipate a buy from 1.24250 temporary support

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Weekly candlestick pin formation, Closed below Weekly level

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Reversal candlestick on the Weekly. Approach Long with caution as this pair might continue its downtrend sharply.

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Might pullback into 1.248 before falling from the roof

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We might see GBPAUD push down into 1.958 or even 1.952 if momentum is strong, then reverse. Price exhaustion exhibited on the Daily candlestick. However, Monday is Easter and liquidity might be thin...

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Moving into Fib region, reversal soon

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Anticipate a short term pull back before a continuation of bull trend into 2.078.

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Bias for the week: Long into 2.06

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TECHNICALS On the weekly, GBPAUD’s price action has been slowing down in terms of bullish momentum. A new high has been formed this week with the spike into 1.98330. However, the candlestick closed below previous highest high of 1.97550. The signals to me that bullish momentum is not strong enough to close above the previous highs. Furthermore, there was a 3...

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Gold’s daily price action has shown that there is a strong support on the 1625. The daily candlestick formed at 10pm UTC indicated a halt of downward momentum from the Gold pair. I expect daily momentum on Gold to shift towards bullish now. From the 4H, there is a U shape forming on the price action. Given that the 22:00 candlestick has closed above Daily levels...

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GBPAUD has closed above the previous weekly levels of 1.953 last week. This closure gives confidence to me as to the direction of GBPAUD is still bullish. The next weekly target would be 1.9755. On the 4H, the previous few candlesticks spiked into 1.95236. This gave hints that 1.95236 is a temporary support level and if broken, we could see a reversal on GBPAUD...

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From my previous analysis on Gold, the bullish target for Gold has been hit. Unfortunately, A pullback to the levels of 1590 did not occur. Nevertheless, 1595 will now be a solid support level for Gold given the previous highs were there. Previous daily closure still suggests a strong bullish momentum. I would anticipate Gold to move up into the regions of 1686...

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Yesterday’s daily candlestick closed at 1601, above the consolidation ranges of 1536 - 1590. This marks a positive momentum change on Gold. Momentum has switched to the bullish. I anticipate Gold to continue its bullish momentum after a short pullback into levels of 1590 - 1592. It was where the previous resistances were. From the Fib levels that I have plotted,...

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Weekly : GBPAUD has been bullish from previous months. A bearish strong bearish engulfing candlestick was not sufficient enough to hold the bearish momentum and last week’s candlestick validated the continuation of the bullish momentum from previous weeks. I expect this week’s candlestick to continue the long-term bullish momentum. Daily: GBPAUD had shown...

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From my previous analysis on Gold, the momentum for the daily have shifted to a strong bullish engulfing. This was due to the Asia Pacific session’s fears over the Coronavirus and it is a case of fundamentals in play. Looking at the 4H, Gold’s price action had reached the previous lower high. We can see that bullish momentum has been weakening due to the reduced...

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We have witnessed a 3 pin formation on the Daily candlestick. Although the day had not formed, I can tell that there is high probability that today’s candlestick will close bearishly because there is clear rejection of the upside from yesterday’s momentum given that it crossed but closed below the 0.618 Fib level. Daily bias: Bearish From the 4 hourly, observe...

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USDJPY is on a bulls run. The previous week’s bull has been brought forward into Monday’s closure breaking the previous daily resistance’s level of 109.641 and closing above at 109.942. Tuesday’s candlestick closure gave me a hint that a short retest is about to happen. The 3-pin formation is starting to form on the daily. I am expecting a pullback on USDJPY back...

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From the daily chart, GBPAUD has been bearish from the past few days. There are no signals from the candlesticks that the bearish momentum will halt anytime soon. From the 4H, GBPAUD has closed below the level of 1.89000, the previous high of the 4H. GBPAUD also closed below the liquidity region of 1.88720 - 1.88850. Since GBPAUD has breached this region, I am...