magnificenthart

magnificenthart Updated 

💥💥💥Good morning guys!💥💥💥💥💥 It's a new trading week. On chart we are looking at GBPJPY for a Buy trade. NOTE : If support @ 190.360 hold, we will see a push to 192.300 else we wait for retest of 189.00 Price level.

magnificenthart Updated 

Gold has retested our sell zone and closed with a clear bearish candlestick. My expectation is for market at the open of next week trading session to hunt a few stops followed by a quick decline. I will wait for confirmation. Disclaimer : The information and publications are not meant to be, and do not constitute, financial advise. It is for education purpose.

magnificenthart Updated 

My bias is based on prevailing economic data from the US. Fundamental's from the US has shown a robust US economy and an end to speculation the fed may cut rate in march. Inflation data coming in later this week is a core determinant of price direction, we can also see on chart, GBPUSD has made series of lower highs and lower lows.

magnificenthart

Gold is trading below previous support now turned resistance @ 2029.400 after finding support @2014.912 price level buyers are losing momentum. Hopefully we can take a buy trade upon break and retest of 2029.400 Psych Zone. 📊 If buyers fail to break this zone at the close of today's daily candle it show's sellers are in control of market structure, at this...

magnificenthart

I am joining the trend down as shown in chart. reversal and price action.

magnificenthart Updated 

We are looking at USDJPY for a sell trade. This pair has been locked within the 148.000 resistance level. After series of retest of the resistance zone and failure to break this zone, i expect price to head down to support at 146.660. If support hold, we can anticipate the buyers to gain some momentum and push price above the 148:000 significant level.

magnificenthart Updated 

I think Gold is bullish on the higher time frame. I am adding Gold for a possible move upside or as outlined on my chart.

magnificenthart Updated 

USDCAD SELL BIAS🚨 We are starting the year shorting this pair as we await bank of Canada Interest rate decision. Apply Proper Risk management.

magnificenthart Updated 

As we can see clearly, price has successfully retested the ascending trendline. Therefore i expect a further move upside. Hopefully the buyers will gain momentum and control. Do your own research and apply proper risk management. Cheers

magnificenthart

if all things being equal and price breaks higher. I expect the bullish momentum to continue. Else price we see a sharp decline southward.

magnificenthart Updated 

We have EURCHF on our radar with a bearish (selling ) bias. I expect price to ride to to 0.99878 or the 1.00422 resistance zone. If the fundamentals ( Big news ) coming from the CHF are good. We expect price to have a quick push down 0.99521. EURCHF may likely find support around the 0.98836 price level. giving us opportunity to add some buy...

magnificenthart Updated 

REASON FOR SELL BIAS : Australia’s economy expanded at a slower than expected pace in the final three months of 2022, in a sign the Reserve Bank’s rapid interest rate increases are beginning to weigh on activity. Gross domestic product advanced 0.5% from three months prior, coming in below economists’ estimates for a 0.8% gain.

magnificenthart Updated 

Simple and concise technical analysis. Sell at the close of the 4hr candle.

magnificenthart Updated 

After a spike due to NZD interest rate, Price failed to break the bearish trendline. Price has been trapped in what i call the Bearish-overlap and clearly Support has turned to resistance. A clear indication the sellers are in charge and gaining momentum. With US yields at fresh highs; FOMC minutes ahead my overall bias for this pair is bearish. I'm in 20...

magnificenthart Updated 

EURAUR is currently having a bearish outlook technically. However we are waiting for price to bounce off previous weekly lows @1.52621 after an unsuccessful retest of support. It is as simple as it appears on the chart. Entry @ 1.52621 SL @ 1.52600 TP @ 1.55987 NB: This is not in anyway a financial advise. Do your personal research.

magnificenthart Updated 

CHF is outperforming the AUD, fundamentally Gold came under modest bearish pressure and declined toward $1,760 in the European session on Thursday. As you can see price is now trading downwards and finding support along the once resistance trendline on the larger bearish trend. We wait for price to break the resistance turned support trendline to join the move...

magnificenthart Updated 

In the bigger picture, a medium term bottom should be in place at 0.9407. Further rally is expected as long as 0.9641 support holds, even as a corrective rebound. Next target 38.2% retracement of 1.1149 to 0.9407 at 1.0072. All ideas are mine, for educative insight.

magnificenthart Updated 

GBPUSD has managed to erase its daily losses and turned flat on the day at around 1.1900 heading into the European session on Thursday. British Chancellor Jeremy Hunt will present the Autumn Budget to parliament later in the day. This will further push the GU higher as the greenback face more risk sentiment. SL @1.18318 My views are merely educative insight....