Hi Traders, here's my Analysis on EURUSD
Daily market is rejecting the 38.2 fib level from recent impulse. The aim here is to see if we will give us a new high above 1.1810. Failure to close above that level could see price test the 61.8 fib level.
Based on Elliot Wave Count, the recent impulse to 1.18 broke out of the corrective channel and formed Wave 1 of the...
Hi Traders, here's my Analysis on USOIL
Daily market in key support structure, to form a double bottom pattern. Strong bearish momentum in market, but we can expect a retracement before bearish trend resumes.
On the 4Hr timeframe we are seeing confluence with the daily support also in a key structure however, the market is still heavily bearish and we can expect...
Hi Traders, Here's my Analysis on UsdCad
Daily Timeframe:
Price action testing market’s 38.2 Fibonnaci retracement level, coming out of a daily resistance level. From here we may see the market make another attempt to break resistance at 1.3420. Failure would see potential fall to around 1.3100
Pin bar rejection at 4Hr support, which previously acted as strong...
Hi Traders, Here's an my Intraday trading analysis on EurGbp.
Daily timeframe shows where we have tested the 61.8 fib level based on the recent bullish impulse. This is an indication that the market may have completed its correction.
The 4Hr shows price in a down channel, but there was also a strong rejection of the 4Hr support too, then finally to tie all our...
Hi Traders, Here's an update on CADJPY
Market panning out as expected with the break on the daily trend line support. You can review the my analysis on this (link attached here)
We are seeing the $79.00 level being heavily respected over the past 4 trading days with price action failing to close above. This is a good sign that market may give us that bearish run...
Hi Traders, Here's my thoughts on XAUUSD (GOLD)
Corrective market structure on the Daily timeframe coming out of a strong bull run with price hitting all time highs.
4Hr Timeframe showing a completion of a 5wave cycle using the elliot wave principles, as such, I would be looking for a pullback between the 38.8 and 61.8 fib of that cycle. Current price action on...
Hi Traders, Here's my thoughts on GBPUSD
Corrective market structure on the Daily timeframe with Daily and 4Hr support holding firm,
current price action on the 1Hr showing an active downtrend channel, and as such we could see a break down of the support structure the higher timeframes.
My overall bias is Short and to see price action hitting 1.2550.
I will...
Hi Traders, Here's my thoughts on EurUsd
Ranging market on the Daily timeframe with 4Hr support holding firm,
current price action on the 1Hr providing confluence to Daily and 4Hr.
My overall bias is LONG and to see price action hitting $1.5700
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my...
Hi Traders, here is my analysis for XAUUSD ( GOLD )
This is an update to my detailed analysis on this pair.
4Hr market structure confirms the bearish triangle formation with price action breakdown below $1920
Based on Elliot Wave Analysis we can identify current price action in the 4th corrective wave, where we will be anticipating and move lower to complete...
Hi Traders, here is my analysis for EURCAD
Technical Analysis:
Monthly Timeframe:
We are at a very interesting resistance with where each rejection of this level say price action falling to around 1.50 or below. We are expecting the same to take place here. Assessing the market structure over the past six (6) month we are seeing where we are above an key level...
Hi Traders, here is my analysis for BTCUSD(Bitcoin)
Technical Analysis:
Monthly Timeframe:
Price action is currently in a strong Resistance Level, where the market turned heavily bearish the last time reached these highs and the situation appears to be the same today. The overall market has been in a corrective state and looks like a potential triangle formation...
Hi Traders, here is my analysis for XAUUSD (GOLD)
Technical Analysis:
Monthly Timeframe:
Strong Uptrend market for gold, in fact we’ve seen price hitting all time highs in the process. Based on Elliot Waves Principles, we have completed the 3rd wave of that super cycle and we should start to see some correction in the market (consolidation) which is also clear...
Market has broken channel to the upside, and we’re also seeing rejection of the 38.2 Fibonacci level coming from the recent bearish impulse. Given this scenario, should we see price action finding its way below 1.2800 we could see a bearish market continuation down to 1.2500.
With the US Dollar index still showing signs of weakness, I will still be Long the...
Hi Traders, here is my analysis for CADJPY
Technical Analysis:
Monthly Timeframe:
Strong Downtrend market is active on monthly with price action forming a downtrend channel , with price rejecting a key resistance level . Ideally we should be expecting this trend to continue.
Weekly Timeframe:
Downtrend market structure also clear on the weekly timeframe ,...
Hi Traders, here is my analysis for EURUSD
Technical Analysis:
Monthly Timeframe:
Strong Downtrend market is still evident on the monthly Timeframe with price action consolidating beneath a strong resistance level as well. Though Price has broke out and close above the trendline resistance, I would be very cautious with opening Long position from these highs...
Trading View Analysis Template
Hi Traders, here is my analysis for EURGBP
Technical Analysis:
Monthly Timeframe:
Market has been consolidating for the past 4 years, holding the lows of 0.8300 and highs of 0.9300 as string support and resistance respectively. The current market structure shows where this consolidation may be the wave 2 correction, with a...
Hi Traders, here is my analysis for EURNZD
Technical Analysis:
Market has been gradually progressing higher over the past couple of years. Recent Price Action from a monthly perspective shows we’ve broken above a strong resistance zone at $1.77 now also acting as strong support. It's a strong possibility to see price action in the $1.86 region based on the...
Hi Traders, here is my analysis for GBP/USD
Technical Analysis:
Monthly timeframe showing the market created a double bottom(W pattern) followed by bullish impulse candle. Generally once we have this type of market structure, price action generally revisits the neckline of the structure.
From a weekly perspective we are seeing price in a key resistance level,...
