USDJPY Weekly: • After the huge flash crash 2 weeks ago, markets have recovered a bit with still a bit more recovering to do. • After forming that long wicked candle last weeks candle closed as a Doji above 108.50 psychological level. • Moving averages crossed bearish however price is recovering so this pair is bullish for now. USDJPY Daily: • Yesterday was...
USDJPY Weekly: • After the huge flash crash 2 weeks ago, markets have recovered a bit with still a bit more recovering to do. • After forming that long wicked candle, last weeks candle closed as a doji above 108.50 psychological level. • Moving averages crossed bearish however price is recovering so this pair is bullish for me next week. USDJPY...
EURUSD Weekly: • Price has once again spiked out of range and closed below 1.1485 with a huge rejection showing sell pressure coming into the market. • Price has been stuck in range for 11weeks. Price looked bullish with break of descending trendline however, struggling to break out of range. EURUSD Daily: • After breaking out last week through 1.1485 upon...
GBPUSD Weekly: • Price is still retracing after making low at 1.2400 support and rejecting heavily to the upside showing a lot of bullish momentum. • Last weeks candle closed bullish and broke through and closed above 1.2820 level. • Moving averages are bearish however price has broken above one of them. GBPUSD Daily: • Not much movement last week until...
USDJPY Weekly: • UJ for the past 4 weeks has plummeted a solid 850pips revisiting last years lows then closed above 107.00 monthly support as a bearish hammer. • Price managed to close below 109.50 weekly but couldn’t quite close below 108.50 psych level. USDJPY Daily: • Price closed below 108.50 psychological level with bearish engulfing candle. • I still...
EURUSD Weekly: • New lower high formed after rejection of descending trendline and closing as hanging man. • Price is still trapped in an area of consolidation for 10th week. EURUSD Daily: • Price broke through descending trendline & 1.1427 area of resistance. • Small bull trend with price forming slightly higher lows & higher highs. • I do expect for price...
2hr: Break of important area of resistance, Now awaiting retest of blue area of support. If level hold we go long to 1.2825 resistance.
AUDUSD Weekly: • Price made a double bottom at last years lows and closed as a bullish hammer forming a huge wick piercing through multiple supports below. • Double bottom reversal seems to be strong as support level is forming multiple reversal candles (bullish & bearish hammers and a long legged doji). • Next weekly target 0.7350 monthly resistance...
GPBUSD Weekly: • This pair is currently in a strong bear trend with price printing series of lower highs & lower lows. • Last weeks candle closed as a bullish hanging man. A reversal is expected however, this candle closed directly above 1.2700 monthly resistance. • Candle rejected off moving averages with huge wicks. Moving averages are bearish. GBPUSD...
EURUSD Weekly: • Although price rejected off descending trendline for a 3rd time to create another lower high, price is still trapped for the 9th week in an area of consolidation. • Area is between 1.1463 & 1.1300 which is an 180pip range. • Price once again respected moving averages with multiple rejections which are bearish. EURUSD Daily: • After...
EURUSD Weekly: • Price is trapped in an area of consolidation between 1.1463 & 1.1300 which is a 160pip range. • Recent rejection was at the top of range at 1.1463 rejecting off it for a 4th week. • Price looks like it could reverse from a 3rd bounce off descending trendline or it could break through we have to wait for extra confirmation • Moving averages...
GBPUSD 4hr: • Because price on the daily and weekly timeframe rejected off 1.2700 monthly resistance and closed below it, I do still believe this pair is still very bearish. • Even though price on the 4hour has broken through 1.2700 I do see it now making way up to 1.2740 resistance + 0.79 Fibonacci level rejecting off that and possible rolling over back into...
GBPUSD Weekly: • After breaking through 1.2700 monthly to the downside and has retested level for 2 weeks straight. • Price is also respecting moving averages which are bearish with multiple rejections. • Pair is forming series of lower lows and lower highs indicating market is in a strong bear trend. GBPUSD Daily: • After breaking through 1.2700 &...
4HR: Price on its way down to the bottom of the range!! Goodluck
GBPUSD Daily: • Price is stuck in an area of consolidation in between levels 1.2700 & 1.2622 for the past 8 days. • Yesterday candle closed as a bullish inverted hammer at 1.2622 signalling possible bullish move to the top of range (1.2700) is expected. • Overall move is still bearish for me to 1.2531 4hr support, however we need to break out of...
AUDUSD Daily: • Even though price closed as a bearish engulfing candle. I am not convinced it is ready to move down now as it didn’t break below 0.7029. • After rejecting from 0.7029 I do see price now making its way back up to 0.7100 4hr resistance for a retest. AUDUSD 4hr: • Price is on most likely its way up to 0.7100 + 0.62 Fibonacci level, could also...
2hr: After break and retest of ascending trendline, We can now sell down to 1.25407 4hr support for 90-100pips! Goodluck!
GBPUSD Weekly: • After price broke 1.2700 monthly it made its way down to 1.2450 weekly to make a low. • Price then rallied back up to retest 1.2700 and rejected off it & the moving average and closed below the level. • I do expect the next target to be 1.2450 weekly. • Moving averages are bearish. GBPUSD Daily: • After Friday candle gapped up price made its...