khaled_FX

khaled_FX Updated 

The EURUSD trend is to the downside as it is obvious on wide timeframes (D, W, M) So, my bias is selling high as following trends is my main strategy The question is: how high can it go? 0.9900 is this week and past one high 0.9950 is 100% fib expansion of last week's down wave 1.0000 is the parity psychological level, OCT high, monthly ATR, R2 pivot...

khaled_FX Updated 

the trend is definitely up trend but it is broken now and correcting. It is a counter-trend short position at 0.7. So, use a small position.

khaled_FX Updated 

both AUD and CAD are commodity currencies and in past weeks AUD was performing better than any other currency ( YTD AUD is the best performer followed by CAD) but recently AUD is losing ground (this week it is declining vs most majors) but CAD is advancing especially after the hawkish BOC yesterday for short term i will be bearish AUDCAD sell from current price...

khaled_FX

Gold fundamentally should go upside during such an unstable period due to the war and it already spiked up when the war began but it found resistance at 2020 (the year) high around 2070 (the price) and traded downside in a motive wave then corrected sideways past two weeks, now forming the 3rd leg of that correction I am considering short from 2020-2010 with 100...

khaled_FX

JPY pairs are very bullish past weeks and a lot of speculations consider the end of this trend. As for CHFJPY, it may find support at 133.25 and it will be a good place to go long with a 200 pips target. both JPY and CHF are considered safe-haven currencies but JPY is not acting like one recently due to the BOJ policy to devaluate it despite the soaring inflation....

khaled_FX Updated 

risk aversion is imminent technically current wave is correcting fib resistance levels are in sight

khaled_FX Updated 

USOIL recent rally is hurting markets and it needs to calm down many factors will push to calm down this movement (technically, economically, political) 81.30-70 current resistance will shape today markets if it holds, jpy pairs will decline from current highs (great zones for swing sell trades) if it holds, CAD pairs will end this recent euphoria and decline (swing it)

khaled_FX

The confluence of two bearish (Gartley and Butterfly) harmonic patterns on another JPY pair put extra strength on a reversal coming.

khaled_FX

The confluence of bearish shark and butterfly patterns adds more strength to 91.00 level resistance plus if USOIL retrace from the current 81.70 resistance level, we could see a decent pullback in CAD for a nice swing trade

khaled_FX

CAD recent rally is facing important levels to watch as it may offer nice entry for sell swing trades

khaled_FX

charts above: USD index future DX USOIL future CL US10 future ZN *the lower window is correlation coefficient indicator vs US500 In normal conditions and by checking longer time frames and history US500, USOIL should move together vs USD index and US10 recently there is divergence in this relation that should correct itself to end the period of indecision So: •...

khaled_FX Updated 

• Monthly Top in place at 1.42 historical Resistance with a bearish reversal candles pattern • Sep Bearish candle with higher volume • Weekly uptrend lost momentum and correcting • Weekly support zone at 1.3350 to 1.35 "Green zone" • Daily bearish double top pattern • Daily bearish wave formation with target at 1.33 100% fib extension "Blue zone" • 4H...

khaled_FX

• Sep candle was bullish • weekly doji candle at 94.50 (38.2%) resistance • Next resistance 96.10-40 then 97.70 (fib) • current price at yearly pivot point 94.20, weekly close above this level is bullish and will push price to 95.20 monthly R1 then 96.10 monthly R2 • price will retest 94.50, daily close above this level confirms my risk-off bias Monthly:...

khaled_FX

VIX is the opposite of US500, so it should move in the other direction Friday was a red day for VIX despite it was a red day for US500 too, so it is a divergence that will push one of them to correct its pathway I can see higher lows on the daily VIX chart Further confirmation is required for bias Wait and See *charts are SPX ES SPY (cfd/future/eft) **the lower...

khaled_FX

By analyzing S&P 500 index CFD/Future/ETF for volume and sentiment tracking the previous week was in green but formed a spinning candle that shows indecision and temporary pausing of correction, volume confirmed indecision as despite it was green candle but volume was less than the week before Friday candle was in red but also in a low volume So, S&P500 is not...

khaled_FX

I compare the following 7 crosses EURGBP AUDCAD EURAUD EURCAD USDJPY USDCHF CHFJPY looking into the big time frames M/W/D with special attention to the previous trading day candle The purpose is to determine the strength order for high-risk CURRENCIES (EUR,GBP,AUD,CAD) and safe haven ones (USD,JPY,CHF) This helps me to sort out pairs and focus on the high...

khaled_FX Updated 

• Monthly bearish contracting triangle or just ABC correction, in process • Sep bearish candle with higher volume than Aug on CFD and Futures (6E) • Monthly ATR(14) support at 1.1320 • Weekly completed Bearish Head and Shoulder Pattern, it looks better in line charts with target at 1.1300 • Weekly Fib retracement support at 1.1280 to 1.1480 (50% - 61.8%) "Green...

khaled_FX

Intraday Fib Resistance Sell market to today low at 1.2575