Time Frame: 4H Symbol: XAUUSD Bias: Neutral For gold, we do not have any bias for now. The price is congested and contracted. Our assumption is a significant move in either direction. A breakout strategy can be applied as there is a potential breakout.
Time Frame: 4H Symbol: USDCHF Bias: Short Currently the instrument is oscillating below moving average 50. It is in a position to reshape its directional bias. We are in favor of selling the pair. The positions must be taken with caution.
Time Frame: 4H Symbol: JPYUSD Bias: Short The price pattern of JPYUSD denotes a reversal from the current resistance level. We are expecting a short trade from the resistance level.
Time Frame: 4H Symbol: GBPUSD Bias: Short The price action is GBPUSD reveals a short pattern. As we see there is a positive expectation of its bearish move. We are hopeful for the short entry and of course, the trade will be triggered carefully.
Time Frame: 4H Symbol: EURUSD Bias: Short The bearish trend is still very strong for the EURUSD. The current price pattern suggests a short term bearish move . Therefore ,our entry trigger is designed to catch the upcoming move.
Time Frame: 4H Symbol: XAUUSD Bias: Long For gold, we expect a long move. The price is oscillating between two extreme support and resistance. This temporary support may generate a perfect long trade for the intraday traders.
Time Frame: 4H Symbol: USDCHF Bias: Short The price pattern of USDCHF reveals that there is a potential strength for making a short term bearish move. As per our set up ,if you trigger the trade correctly, you can expect a nice trade. However, precaution should be taken.
Time Frame: 4H Symbol: JPYUSD Bias: Short The resistance of JPYUSD suggest a short move, a perfect short trade can be taken if proper money management is in place.
Time Frame: 4H Symbol: GBPUSD Bias: Neutral As we see the closest pairs of GBPUSD are in neutral zone, so is the case with GBPUSD itself. The price actions and volatility in general do not implicate any strong momentum move and therefore staying away will be a good decision for the time being.
Time Frame: 4H Symbol: EURUSD Bias: Neutral For EURUSD we are rather neutral here. The price actions that we see in the past few days do not implicate any directional bias for now. SO we stay at a neutral place.
Time Frame: 4H Symbol: XAUUSD Bias: Long We are bullish for XAUUSD. As we see there is an implicit indication for going long. Considering the nearest support and resistance and specially price action, we are optimistic for a buy trade.
Time Frame: 4H Symbol: USDCHF Bias: Neutral We are neutral for USDCHF. As dollar seems to be weaker against some currencies ,the projection for USDCHF is determined as neutral . However, there is a hope for reversal . SO any trade will be placed with care.
Time Frame: 4H Symbol: JPYUSD Bias: Long We are planning a counter trend trade here. The major trend is bearish but we expect a reversal at this point which may result in a nice long trade . The trade must be taken with proper money management and precaution.
Time Frame: 4H Symbol: GBPUSD Bias: Short The price action and pattern of GBPUSD suggest and signify a short set up. We are hopeful for a beautiful selling position from the current set up.
Time Frame: 4H Symbol: EURUSD Bias: Short We expect a short entry for EURUSD considering the current fundamental factors and recent price action. The dynamic resistance is strong against the current price level and therefore we do not expect it to break 100 Moving average . We are hopeful for a nice short trade set up.
Time Frame: 4H Symbol: XAUUSD Bias: Long The price pattern of gold is in a dubious position. The support /resistance and Fibonacci levels actually do not portray the real picture of future price move here. The price is pushed down for US dollar strength ,but there is a strong bias towards regaining its previous position. We expect a long position here.
Time Frame: 4H Symbol: USDCHF Bias: Short The USDCHF is trending short. The price pattern is showing a short term bias for selling . This trend may continue this week. However, fundamental factors to strengthen US Dollar may significantly influence the trend ,therefore precaution must be taken to take any position.
Time Frame: 4H Symbol: JPYUSD Bias: Short JPYUSD is trending down . From the current price action analysis , it is clear that the trend has a hope of moving in the same direction next week.