YGForex

YGForex

Today's candle shown us a weak BULLISH movement with no clear rejection at 1.5320 support level. As of now, it seems likely a breakout rather than a fakeout. We can see that today's candle is retesting the broken support level @1.5320 which is now the resistance level. I am expecting BNEARISH movement to continue for this pair bring price towards the demand zone...

YGForex

We managed to see the BEARISH movement kicking in for Bitcoin as of now. I will be expecting a short opportunity on Bitcoin after a retracement to around 261.8% fib level. We can see that 461.8% fib level (also a support level @29878) is an area of strong support for Bitcoin. Now, I will be expecting price to reach this support level first before it heads to the...

YGForex

As you can see, we managed to see a nice 261.8% fib rejection with price heading all the way down. For now, we are seeing a short term BULLISH movement which I believe wil be a retest to 161.8% fib level before further BEARISH continuation. I have identified the supply zone as seen from my chart. I am expecting great BEARISH pressure at this zone. I will be...

YGForex

We managed to hit our take profit price from our previous analysis on 14 Jan. As of now, I am expecting price to test the support level at 36750 area before further climb to the upside. We managed to see price level rejecting from 61.8% fib level during the weekend and formed BULLISH strength to the upside. As of now, we will like to see price level moving to the...

YGForex

Currently, we are seeing a doji candle at the resistance level @116.55. I am expecting tomorrow's candle to be strong enough to engulf this doji candle brining CHFJPY towards the downside. As we can see 117.62 resistance level is still strong with price rejection at that level. This also formed a double top pattern giving us additional BEARISH signs. I have...

YGForex Updated 

Alright, from my previous analysis, I have mentioned that I will be expecting a new consolidation area to form for BTCUSD at 24k ish price level. That will be a longer term perspective on Bitcoin. As of now, we will look out for an intraday opportunity for BTCUSD. For Today, I will be looking out for a short opportunity when price reaches 261.8% fib level. Our...

YGForex

An update from my previous analysis. Previously, we are eyeing on a BEARISH movement from AUDCAD at the resistance level @ 0.9785 price level. However, we failed to see a nice rejection from that level where price moved to the next resistance level @0.9875. After which, we saw it rejecting off from this resistance level twice. Today's candle is interesting as we...

YGForex

Looking at today's candle, we managed to see a rejection off the support level @1.5700 price level. This is a crucial rejection as we start seeing price heading towards the trend support level and 261.8% fib level. I have identified a demand zone where I believe strong BULLISH pressure will be present. As of now, I am expecting price level to test the resistance...

YGForex

GBPCAD managed to make a 61.8% fib level retracement after the BULLISH movement. Now, we start to see BULLISH candle forming as price head towards the demand zone. I am expecting some BEARISH pressure as price level is currently in this demand zone. As of now, I will be looking for a short opportunity to the support level @1.7068. Having said that, we can...

YGForex

For the first time, we managed to see BTCUSD shoot up to the moon reaching a 40k mark. Some might ask if that is that's the peak for bitcoin. We managed to see a true volatility movement from bitcoin in the recent months with no signs of retracement. Will that mean bitcoin price will continue to soar higher? Personally, I feel that price level might hit higher...

YGForex

Lets look into gold current movement. We saw a sudden spike in gold price after hitting a recent low of around 1765 price level. After which, we saw a strong BULLISH movement to the current price we are at. Looking at the 2 fib level I have identified, we can see that 261.8% lies around 1975-1985 price level. Also, there is a strong resistance level @1982 price...

YGForex

Price level managed to reach 361.8% level. I am expecting resistance level @0.6828 to hold. As of now, I am seeing a retracement opportunity to the support level @0.6782. A rejection or a breakout from there will determine the direction for this pair. A rejection off this support level will show us a BULLISH continuation to test 461.8% level while a breakout could...

YGForex

As we can see, BEARISH momentum have slowed down for now as we start seeing movement at the upper side of the ichimoku cloud. There was great consolidation in the cloud before yesterday's candle close. This give us a BULLISH opportunity to the resistance zone (red zone). That is also where I will expect a price rejection followed by BEARISH movement. Kindly hit...

YGForex

Previously, we managed to see a 261.8% fib level price rejection which was also where a resistance level lies (0.6373). After which, we saw a BEARISH movement to the support level @0.6320. As of now, I will be expecting consolidation on this support and resistance level as there is no signs of breakout. Therefore, a short opportunity will be valid here. Kindly...

YGForex Updated 

We managed to see that EURAUD is slowly building up bullish strength after testing 161.8% fib level as well as the support level at 1.5900 price level. As of now, I am expecting a breakout from the trend resistance line (dotted line) followed buy a movement to the supple zone (red area). This is an important level for us as a breakout of this supply zone will show...

YGForex

After a movement to the 461.8% fib level, we start to see BULLISH candle weakening with longer wicks. With this movement it brings us to the next price level for AUDCAD which I strongly believe a BEARISH retracement will occur before further BULLISH movement. With that, tomorrow's candle must be a strong BEARISH candle engulfing this candle showing a fakeout from...

YGForex

As of now, we managed to see a nice price rejection off the resistance level @141.33 price level. From H1 chart, we can see that BEARISH strength is currently building up with movement near the ichi cloud. I will be anticipating price to break down lower moving at the lower side of the ichi cloud. As of now, we have 2 levels in which price rejection can...

YGForex

Great look from EURJPY as of now. We managed to see a fakeout from 126.53 price level with current price level retesting this resistance level. I will be expecting a BEARISH movement to occur from here which potentially will bring us all the way down to the support level @124.76. As of now, I am BEARISH on this pair. Kindly hit the LIKE Button if you agree with...