GBPUSD moved a different direction as what was expected from our analysis last week. It made a gap at the start of the week and went down all the way without looking back. It stopped the price movement in bearish consolidation zone 2 and ended the week with a hint of a continuation of the trend. As the pair is currently residing in the consolidation zone 2,...
EURUSD did not make any strong move in Week 19, and it has moved comfortably within its consolidation range. I personally only took one signal in EURUSD in Week 19 as it seems not to show any good signals. The price is currently sitting at the top of the consolidation range and it is still unsure if the price would fall back to the consolidation range or would...
USDJPY moved way beyond the expectation of the analysis. It opened with a big bearish gap and continued its downward move till Friday. Spectacular week for short traders, congrats to all short traders who made an awesome profit! In Week 19, USDJPY only showed the Bullish strength a few hours before the close of the market. USDJPY threw a reversal pattern at its...
USDCHF spent much time in the range of level 1 and finally, it broke down to a new low towards the end of the week, moving into the level 2 consolidation zone. USDCHF moved much to what was expected of it, consolidation then followed by the trend move. I hope traders have taken advantage of the range and made good profits for yourselves! The analysis for Week 19...
Stock: ENBPRJ Quantity: 30 Position: Long Open: 17.50$
Eurjpy long from weekly trend line. let see how it comes out
Gold had a week of consolidation as it failed to break previous low and rebounded off quite strongly, closing higher than its previous day high. The price is expected to climb further and test the top of the current range of 1287 and 1267. The major trend will still be unclear until the price has chosen to break out either side of the range. If the price falls a...
EURUSD has climbed strongly but got rejected at 1.126 which led it to fall for another 2 days. However, the dollar plunged and pushed EURUSD up again and the week ended with a bullish candle. Based on the structure, the price could be forming an ABCD which will be completed within a supply zone at 1.1300. But just before that, the price should face some resistance...
The dollar did not turn out what was expected and the entire sentiment has turned from a bullish to bearish. It started off by falling for 2 consecutive days which dived a little deep below the breakout level of 97.7 but managed to pull another 2 days of bullish movement that covered most of the weekly losses. And then the market chose to buy the story and sell...
USDJPY moved as expected from our analysis in Week 16, breaking through the level 1 consolidation zone. It ended the week with a strong bearish move after the NFP and stayed low till closing. The analysis is currently pointing to some form of potential consolidation that might happen in Week 18 as it is in the bearish zone 2 now which the rally can move about...
USDCHF moved accordingly to what we expect in Week 17, albeit it is not that of a massive move, short traders can still make good gains from shorting with low drawdown. The reversal zone delayed for a little while before the bearish move, it dipped a little, followed by a consolidation which forms the level 1 of the bearish zone. The NFP that occurs on Friday...
GBPUSD shifted massively away from where we ended in Week 17. Any traders going long at any point of time would have made a good profit. With such a strong bullish move except for a short pullback at level 2, can the trend continue on through Week 18? Well, the analysis suggested that we will be looking at a downward rally soon before the price continues back...
EURUSD made a great bullish move at the start of the week, however, it started to stall and resume the bearish move somewhere in the middle of the week. Fortunately, it continues back its bullish power after the NFP on Friday. EURUSD currently sits at level 1 of the bullish zone, and the analysis pointed to us that the pair would be likely to continue its...
Pair: USD/CAD Leverage: 1:25 Lot: 0.02 Position: Short Open: 1.33530
Hello everyone! I have a fresh, juicy idea straight from the trees, its even greater than all my previous posts put together, and I mean it. However, I agree its tiresome to read, and I don't want every post to be like this, but this one is an exception because I have something really important to say. As you know I have a habit of writing very long posts, I have...
Hello everyone! I have a fresh, juicy idea straight from the trees, its even greater than all my previous posts put together, and I mean it. However, I agree its tiresome to read, and I don't want every post to be like this, but this one is an exception because I have something really important to say. As you know I have a habit of writing very long posts, I have...
Hey tradomaniacs, welcome to the weekly outlook of GOLD. Overall we still see a correction between two very important price-levels. We can consider that the market does continue the rally unless the stock-market climbs aswell. Sentiment: What we`ve seen is a changing cash-flow out of Gold into the stockmarket even though the volume is very very low. ...
So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18. GBPUSD seems to have overextended its bearish move in Week 17, pretty much like the USDCHF. It ended the week with a reversal pattern at level 5 of the bearish trend. That made me incurred some losses...