Popeson

Popeson

Where do you think Gold is heading to? There could be a possible breakout of the resistance trendline or market will pull back from the resistance and continue the downtrend

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Though i was expecting DXY to get to the resistance key zone marked in yellow above before retracement, but price broke the support of the trend line and it has closed below. I'm changing my bias to a bearish move except market conditions change due to fundamental news in the next few days

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After a major impulsive phase last week where we bagged some pips. I expect a little pull back at this support level and i have also marked my entry zone. But if price breaks the support and continues to move downward, i will wait for a pull back re-adjust my entry and find a sell position. GBPUSD is bearish on higher time frame, i'm just basically looking for...

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The DXY price has been on an upward trend in the past week and is currently within an ascending channel. There is a minor key zone ahead, and I anticipate a potential pullback to the support trendline of the channel before the upper key zone can be broken. However, if the sell pressure is too strong, the price may fail to break above the key zone. I rely on DXY...

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While I am currently bearish on GBPUSD in the short term after it broke below the support trendline on the daily timeframe, the price has also pulled back and retested the breakout zone. However, there doesn't seem to be enough selling pressure to push the price down further at the moment. I am anticipating more bearish impulsive selling in the coming days....

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After breaking the support trend line , AUDUSD is currently in need of a minor correction. The current price action suggests that a pullback and retest of the trend line is likely to occur. If the price is rejected at this key zone, I will wait for a bearish engulfing candle before considering a sell position, particularly if it breaks the support zone marked in...

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Using my topdown analysis from monthly TF upto to 4hrs TF, everything is pointing to a bearish trend for AUDUSD. AUDUSD failed to break the resistance trendline and it has presently showed an engulfing bearish candle on the weekly and monthly chart. I'm expecting the price to retest the last major support at 0.61792. I am anticipating over 400pips as the market...

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After breaking support of the trend channel and also closing below the key zone highlighted in yellow, I expected a downward movement as sell pressure may push the price Futher. A retracment above the key zone could invalidate my projection.

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Following a strong upward momentum, NZDUSD has formed a double top chart pattern. If the price breaks below the neckline, I will be looking for a short opportunity on lower timeframes. My price target is marked in the yellow zone. However, if the price rallies up from the current level, there is a possibility of forming a triple top chart pattern. What are your...

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Here is my anticipation for AUDCAD while we wait patiently What's your thought? Like and comment below

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I am bearish on FX:GBPUSD . Broken trendline and crossed EMA. My target is identified CPI news and events this could invalidate this setup, but we have to wait for confirmation What's your bias? Kindly like and comment below

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EURUSD is currently in a minor downtrend after breaking the support of the ascending channel on the daily timeframe. However, the price has not shown strong bearish momentum, indicating that there may not be significant selling pressure. I anticipate that the price will continue to drop this week as the TVC:DXY DXY (US Dollar Index) rallies up, as EURUSD and DXY...

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I am presently bearish on Gold, i expect the price to reverse to the the 1820 support zone. A break of this keyzone means bearish continuation within the channel. If price breaks the resistance of the channel and closes above it, this could invalidate my bearish bias.

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Monthly chart: The EURGBP pair has been in a long-term downtrend since 2008, with lower highs and lower lows. Price is currently trading near a key support level at 0.8400, which has held as support multiple times in the past. Weekly chart: On the weekly chart, the EURGBP pair appears to be in a range-bound market. Price has been trading within a symmetrical...

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Based on my analysis, DXY broke out of its previous descending bearish channel last week, and I'm currently anticipating a sustained bullish trend in the coming days or weeks. I have identified specific price levels as potential targets, which are shown on the chart. However, if the market retraces back into the bearish channel, this could potentially invalidate...

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This is a top-down analysis on USDCHF Monthly Chart Analysis: On the monthly chart, we can see that USDCHF has been in a downtrend since 2001 until 2011, where it formed a bottom and has been ranging since then. The range has been established between 0.8700 and 1.0300. The price action has been oscillating within this range for over a decade now, which suggests...

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This is pre-market analysis for this week. After breaking out of the downtrend channel, USDJPY had a significant push up. I believe market moves from one key zone to another as highlighted in blue on my chart. There is a resistance at the current key level, if market breaks rhe current key i expect more uptrend, in the mean time, there would be a small...

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I see a double top chart pattern formation on the EURUSD 2hr TF. If price breaks the neckline, i will wait for a retest as confirmation or a strong bearish engulfing candle before i take this trade. If price pulls back from this support, this could invalidate this trade as marked in the red arrow. What's your opinion on this trade? like and comment below