Salzworth

Salzworth

On the daily time frame, we are seeing bearish order flow with prices forming lower lows and highs. On the H4 time frame, a pullback to test the resistance zone at 1.3550 which coincides with the 38.2% Fibonacci retracement and 100% Fibonacci extension, presents an opportunity to play the drop with 1.3420 as the next support target. A break below this level could...

Salzworth

Looking at the daily time frame, prices are currently testing a key supply zone with potential for further downside. On the M30 time frame, prices broke below the ascending trend line and is facing bearish pressure from the 34EMA as well. A pullback to test its resistance zone at 0.72010 which lines up with the 78.6% Fibonacci retracement and 61.8% Fibonacci...

Salzworth

Prices are facing bullish pressure from its ascending trend line and Ichimoku cloud and a pullback to test the support zone at 1.37400, which coincides with the 127.2%, 38.2% Fibonacci retracement and 127.2% Fibonacci extension, presents an opportunity to play the bounce to the next resistance target at 1.38500.

Salzworth

Prices are facing bearish pressure from the resistance zone at 1.8600 which lines up with the 50% fibonacci retracement and descending trend line. A pullback to test this resistance area presents an opportunity to play the drop to the next support target at 1.8420 support area. Ichimoku cloud is showing signs of bearish pressure as well.

Salzworth

Prices are holding well above the daily support, and we are seeing consolidation on the H1 time frame along with a clear break of structure above the recent high. A pullback to test the support zone at 1752, in line with the 78.6% retracement presents an opportunity to play the bounce with 1769 as the resistance target. Keeping in mind the daily time frame echoes...

Salzworth

Prices are facing bearish pressure from the resistance zone at 77.20 which lines up with the 38.2% fibonacci retracement and 78.6% fibonacci extension. A pullback to test this resistance area presents an opportunity to play the drop to the next support target at 76.50 area. That said, we do caution current H1 support level that prices are testing at 76.80 and a...

Salzworth

Prices are holding below a key resistance zone on the monthly time frame with further downside seen. On the H1 time frame, prices broke its ascending support line and a pullback to test the resistance zone at 1.88800, in line with the 78.6% Fibonacci extension and 50% Fibonacci retracement presents an opportunity to sell to the support target at 1.8700 which lines...

Salzworth

Hi everyone, prices are sitting on a key 61.8% fibonacci retracement which lines up with our graphical support low. A pullback to test the support zone at 1.1758 presents an opportunity to play the bounce. We do caution the limited upside as of now as prices are still holding below the descending trend line and a break above that is needed for further bullish...

Salzworth

On the H4 time frame, prices are testing a key resistance zone, in line with the graphical high, with further downside seen below this level. On the M30 time frame, a pullback to test its resistance zone at 1.18888, in line with the 78.6% Fibonacci retracement and 127.2% Fibonacci extension presents an opportunity to play the drop to the next support target at...

Salzworth

On the monthly time frame, EURNZD remains under pressure with a breakout and re-test of its previous ascending support line. Looking at the H2 time frame, prices remain under pressure, holding well below its resistance zone at 1.69500 area, in line with the 50% fiboancci retracement. A pullback to test this area presents an opportunity to play the drop to the next...

Salzworth

EURUSD could see a further downside as we are seeing a pullback and re-test of its ascending trend line. Prices are also facing bearish pressure from its resistance zone, in line with the graphical high and 78.6% fibonacci retracement. A pullback to test this area presents an opportunity to play the drop to the next support target at 1.1730 support zone.

Salzworth

Hi everyone, USDJPY is testing the support of the ascending channel, in line with the 78.6% retracement and 100% extension where a pullback to test this area presents an opportunity to play the bounce to the next resistance target at 110.58, in line with the graphical high and 61.8% retracement.

Salzworth

Hi everyone, GBPAUD played out nicely last week. For this week, prices remain under pressure, holding below the descending trend line where we could see a further downside to test our support target at 1.87110, in line with the -27% fibonacci retracement. A pullback to test the resistance at 1.88450, in line with the 50% fibonacci retracement presents an...

Salzworth

Hi everyone, GBPAUD remains under pressure from its daily resistance as well as our H4 descending trend line where we could see a further downside here. A pullback to our H4 resistance at 1.88800 in line with the 61.8% fibonacci retracement presents an opportunity to enter a short, keeping in mind that prices are holding below the resistance area on the daily time frame.

Salzworth

Hi everyone, NZDJPY remains under pressure and could see a further downside. On the daily time frame, prices are holding below a key resistance level at 77.350 in line with the daily descending trend line and 78.6% fibonacci retracement which could see prices extend its decline below this resistance level. On the H4 time frame, prices broke the ascending trend...

Salzworth

Hi everyone! We maintain our bullish bias on Gold as prices are holding well above a key weekly support zone , in line with the ascending trend line and 61.8% retracement . On the H4 time frame, a pullback in prices to the support zone at the 1782.5 zone, in line with the 61.8% and -27% retracement presents a buy opportunity. Keeping in mind the weekly time frame...

Salzworth

We maintain our bullish bias on EURUSD, as prices are holding well above a key weekly support zone, in line with the ascending trend line and 78.6% retracement. On the H4 time frame, prices broke the short term resistance trend line and a pullback in prices to the support zone at 1.18200, in line with the 78.6% retracement presents a buy opportunity. Keeping in...

Salzworth

Hi everyone! our call on XAUUSD last week played out nicely, for this week, we are seeing a bullish outlook for EURUSD. Prices are currently testing the weekly support zone in line with the ascending trend line and 78.6% retracement where we could see further upside here. On the H4 time frame, prices broke above the short term descending trend line where a...