The US30 has proven to be taking a bearish stance throughout the week. The current analysis is also linked directly with my previous analysis while the price is still climbing but unlikely to break a new high. Initially, the price broke below the bottom of a rising channel last week which already shown an indication of a stop to a bullish structure. However, the...
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 18th, 2019 and we will be taking a look at the Euro against the Japanese Yen. Looking at the 1 hour time we are looking for price action to make another lower high or double top at this previous area of resistance near the 119.9 region. If price action doesn't flip bullish here by...
Daily price action has shown Bullish momentum as it broke above previous structure level at $0.67500 and the down trend line, which price has been respecting since April of this year. Here's what I'm looking for ! Ideal situation would be for Daily price action come back to retest the 50 EMA, which would also align with a retest of the support line at $0.6750
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 13th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time we are now looking for price action to continue with its current bearish sentiment and reach a lower area of support near the 1.6 area. Entry for a Short position near the...
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 12th, 2019 and we will be taking a look at the New Zealand Dollar against the United States Dollar. Looking at the 1 hour time frame we are looking for price action to possibly pullback into the .639 area and retest this area of resistance. If we do get a pull back and price action...
The Dax is continuously moving up, even gaps are not being closed, which is not something we are used to. Moreover, the daily ranges are below average, which is not good as Dax is popular for being a volatile market. Today we are opening with another long gap. Important zones Resistance: 12 461 Support: 12 259, 12 379 Statistics for today Detailed...
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 11th, 2019 and we will be taking a look at the Euro against the New Zealand Dollar. We are looking for price action to continue with it's bearish sentiment as it broke-down below the trend-line that was supporting price action. The last area of resistance was the rejection of the 1.72...
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 10th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Looking at the 1 hour time frame we can see price action with an impulsive choppy movement as it continues to move higher. We will be looking at the trend line of the ascending triangle that...
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 9th, 2019 and we will be taking a look at the Euro against the Canadian Dollar. Looking at the 1 hour time we are now looking for price action to pullback into it's previous area of resistance at the 1.458 area. If price action continues on with its bearish sentiment and doesn't reach...
We are currently sitting on a very important level for this particular pair hence why I decided to share this. The AUD seems to have gotten stronger over the past few days and so I'll be looking to price in its strength. With Friday session closing just at June lows which previously served as support, I expect that level to form a significant resistance level....
Every new low comes with a rebound over 200 pips. That's the repetition I see and the same thing seems to be happening again. The only question is: Will the price continues to go up right away OR will it retest the bottom? It's simple! Don't trade in the middle. Sell if it reaches the top and buy if it retests the bottom. But if I were to make a guess, I think it...
The gold has been consolidating (with some new highs) for the past one month since it first broke above 1500. Previously, the gold has also consolidated for a month and a week since it first broke above 1400. Which also means, we are 1 more week away from a major bullish wave which could potentially break 1600. The price has dipped for the last 2 trading days...
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 6th, 2019 and we will be taking a look at the Canadian Dollar against the Japanese Yen. Looking at the 1 hour time frame we can see price action has attempted to reach its previous highs near the 81.1 region, but failed to make a higher high. We will be looking for an opportunity to...
US30 had enjoyed 2 weeks of bullishness while sellers who tried to sell near 26500 or even lower must be feeling very panic at the moment. However, it's about time that a big chunk of buy orders will be released around 27000. Avoid selling if there's no sign of a break-below of the current bullish structure (break of rising trendline etc). Avoid selling before the...
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 5th, 2019 and we will be taking a look at the Euro against the Canadian Dollar. Looking at the 1 hour time we are now looking for price action to lose momentum and pullback into it's previous area of resistance at the 1.458 area. If price action continues on with its bullish sentiment...
The gold has consolidated for more than a week since it broke new high at the beginning of last week. The price has made another attempt to break new high as it broke the top of the consolidation but came down quickly as it lost its buying strength at the previous high of 1555. There's a repeating pattern which shown the price fell as much as 300 pips once it...
An interesting repeating bearish harmonic pattern has presented itself and the bearish trend has just begun. According to the past development of the bearish trend after the completion of the bearish harmonic pattern, the price will fall steeply with shallow retracement and very little support. Sell USDCHF whenever the price retraced to the previous low in the...
Hello Traders, welcome to the Daily Forex technical analysis. Today is September 3rd, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time we are now looking for price action to continue with its current bearish sentiment and reach a lower area of support near the 1.615 area. Entry for a Short position near the...