Hi Traders! There is a trendline break opportunity on the AUDUSD 2H chart. After the huge bullish momentum push from the Nonfarm Payroll announcement this past Friday, AUDUSD has now pulled back aggressively near the resistance level at 0.67056, which indicates that there is bearish momentum at this current time. For an entry signal, we are looking for a momentum...
Hey Everyone, Please see our 1H chart updated Goldturn levels and targets. Price is sitting between the support and resistance structure with immediate targets above at 1930 and 1934 and a retracement reset range at 1913. We will need to see the 1934 weighted structure break and lock to open the range above or a break and lock below the retracement range to...
Hey Everyone, Please see our 4H chart updated Goldturn levels, targets and our updated Goldturn channel. Price finished off last week testing the channel top, just under the 1936 Goldturn, which is due a test. 1936 is a weighted level and will need a cross and lock above this level to open the range above. Failure to break above this level will see price test...
Hey Everyone, Please see our weekly chart update which is already playing out as projected. The last update last week is still valid and therefore please review the details below to get upto date. So far we have hit the first part of the analysis highlighted last week, which was the ema5 detachment above that was hit perfectly. LAST UPDATE Hey...
Hi Traders! Forex Weekly Recap for 03–07 July, 2023: Fundamentals European Central Bank (ECB) member Nagel said that inflation is not reducing as quickly as they would like it to, but he is confident that a hard landing can be avoided. He also mentioned that they still have a long way to go with policy tightening and that the euro system's balance sheet should...
Hey Everyone, PIPTASTIC finish to the week with another great trading day. Yesterday we stated that if price breaks the channel half line we will see another test to the channel top - This played out perfectly with the channel half line cross and lock opening the channel top for a re-test, which was hit perfectly. Our plan to buy from dips once again was...
Hi Traders! The Nonfarm Payroll (NFP) announcement came in at 205K, which was weaker than the expected number of 225K, and the markets have reacted quite strongly to the news. This could be a possible reversal of the bullish trend we have seen for the US dollar, and it will be very interesting to see what the Federal Reserve and other finance officials say about...
Hey Everyone, Another great trading day for us with our levels being respected and playing out as analysed. We finished off yesterday highlighting the rejection on the channel top and then possible support on the channel half line. This played out as expected with the half line providing the support for a nice bounce that allowed us to capture a clean 50...
Price broke bearish trendline and formed higher lows. It is consolidating now. It is possible to see bullish move (long term). What do you think ?
Hey Everyone, Our 4h chart idea is playing out as analysed. We got a nice push up with a test to the channel top, which was respected to the tee and followed with a perfect rejection. Our Goldturn channels are unique to us and no one in the industry uses them like us. We are now seeing price drop back into the channel half-line to look for support. If the...
Hi Traders! GBPUSD seems to be currently content trading in the 1.27000 area. The price action on the 4H chart indicates possible nervousness or uncertainty from traders. There was a recent failed breakout above the bull flag with a downward trend in recent trading volumes to confirm any lack of momentum in the markets, so we are not expecting any big market...
Hi viewers, EURCAD price on zone, in last periods strong bearish trend, currently expecting to se break and new bearish push TP1: 1.43400 (75) TP2: 1.43000 (115) TP3: 1.42600 (155)
Hey Everyone, We had a piptastic start to the week and month with our chart idea playing out perfectly. We got the rejection first at 1920 followed with the drop into the retracement range, as analysed. The retracement range gave the perfect bounce, as expected hitting bullish targets 1920, 1925 and 1931 for the perfect exit. We have a structure resistance left...
We can see series if lower highs and lower lows. Price is testing our bearish trendline and I expect to see bearish move.
Hi Traders! There is a descending triangle opportunity forming on the EURUSD 4H chart. The price action is showing lower highs and lower lows, which shows that the bears are currently driving the market to the downside. There is support at 1.08354; there was a previous double bottom at this level, so we are looking for a momentum break and a close below this...
Hi Traders! Forex Weekly Recap for 26–30 June, 2023: Fundamentals This week was light on the data side, but there were several announcements from central bank members and finance officials. Japan’s top currency diplomat, Kanda, commented on the recent Japanese yen depreciation and noted that they will respond to excessive FX moves. In fact, he added that it’s...
Hey Everyone, We finish off the week with all our targets hits. The swing range provided the swing we expected for a nice push up from 1895 to 1919 for a perfect finish. True level to level trading. We will now come back Sunday with our updated multi timeframe analysis and trading plans for the coming week BULLISH TARGETS 1925 - DONE 1931 - DONE EMA5 CROSS AND...
Hi Traders! Our bear flag opportunity from earlier today (LINK TO ORIGINAL IDEA BELOW) worked out perfectly and fulfilled our idea. There was a rally up to the channel resistance, then the bearish momentum came in, and we had a big swing to the downside to break and close below 1.26066. We expected minor support because the market was near the psychological...