FX:AUDJPY Preference: After a brief bullish trend, this particular currency pair experienced a sudden and sharp downward movement, which was halted at the level of 96.900. However, the price was unable to sustain this rebound and eventually pulled back, retracing to the .50 Fibonacci level. This retracement resulted in the formation of a potential double-top...
FX:USDJPY We have a strong, impulsive move to the downside on this pair and the bears still have the momentum. If price closes beneath the .382 on the FIb we could see a continuation of this trend until the .50 Fib is reached. We have a few rejections at the highs so there is a good chance that we may see a retest this week. We could also see a rejection at...
FX:EURCAD We had a steady uptrend on the 2-hour time frame until we reached the 1.47800 level creating a double top. From that point price reacted with a hard rejection, pushing price to retest the .382 level on the Fib. Price held at that level created a micro support level rejecting again to retest the highs. Once the 2-hour double top was retested price was...
FX:GBPUSD GBPUSD seems to be respecting the upward trend line and the 20-day EMA. Liquidity has also formed above and below the current price level. If the price fails to make a higher high upon retesting the double top on the 30-minute time frame, price retesting the trending before continuing the uptrend is possible. We could also see a break above the...
FX:EURUSD Last week, EURUSD made a strong, impulsive move, pushing the price to the .618 Fib. Almost Immediately, a hard rejection occurred at that level, creating a double top on the 1-hour time frame that closed underneath the .618. From here, if the momentum remains on the bears' side, we could see a pullback to the .382 level on the Fib. Regarding an entry,...
OANDA:NAS100USD This is an exciting moment for the Indices, as the price has shown some interesting patterns. Initially, a double top was formed, which resulted in a decline in price. The price then fell to test the 38.2 level on the Fibonacci retracement, following which an impulsive bullish move occurred, pushing the price to retest the previous highs....
TVC:USOIL Over the past three months, the price has been exhibiting a bullish trend by respecting the upward trendline. However, on the 4-hour time frame, the price is now in a consolidation phase. The price recently tested the highs but was rejected, indicating that there may be resistance at those levels. If the price fails to create a higher high, it could...
FOREXCOM:XAUUSD Over the past few days, we have been keeping a close eye on the price movement of a particular asset. Our analysis indicates that there has been a notable uptrend, which has been consistent and strong. Upon closer inspection, we have noticed that the price has formed a period of consolidation between the 61.8 and 50 Fib levels. Currently,...
FX:USDJPY The currency pair USDJPY showed a remarkable upward movement, which was followed by a period of consolidation near the highs. During the consolidation phase, the price has been creating lower highs, indicating a potential change in the trend. If the price gets rejected at the downward trendline or this zone, there is a possibility that the lows could...
FX:EURUSD The currency pair EURUSD has been exhibiting a solid downtrend, adhering strictly to the trendline until the price started consolidating at the lows, indicating a possible shift in momentum. The recent break of this trendline suggests a potential bullish movement in the near future. However, at the .618 on the Fib, the price broke structure to the...
FX:CADJPY The CADJPY pair has recently made a significant breakthrough, surpassing a previously established range. Currently, it is revisiting the former level of resistance, which now serves as a potential support level. If the price manages to hold at this level, it could indicate a bullish trend, leading to higher highs and potentially profitable trading...
FX:GBPJPY This pair has been on a steady uptrend since the 1st of February. Price rejected at 190.071 and started to create lower lows. In the process, liquidity was formed underneath the 187.917 and 188.912 levels. I'm looking for these areas to be retested before the uptrend continues. Based on the current trend, there is a possibility that the price may...
FX:EURGBP his pair has been in a downtrend since late December 2023, with consistent lower highs and lower lows leading to a 2.5% plunge from peak to trough. It fell to a six-month low earlier this week before bouncing off a technical floor at 0.8500. For a positive shift in market sentiment towards the euro against the British pound, it's crucial for the...
FX:GBPJPY The UK economy has been experiencing a notable slowdown since the start of 2023, which has worsened over time and culminated in a technical recession during the second half of the year. This economic downturn has been attributed to a range of factors, including a decline in consumer spending, weak business investment, and ongoing uncertainty...
FX:USDJPY Preference: The current 4-hour chart showcases a strong uptrend until the price level of 148.672 is attained. Upon reaching this point, the price began to exhibit lower highs, leading to the creation of multiple rejections within this region. Following the establishment of this area as resistance, the price proceeded to break out and is now...
FX:GBPUSD Preference: This currency pair exhibited a prolonged period of upward momentum that persisted until its valuation began trading within a range on the 4-hour time frame. The range has been consolidating for the past few days. Notably, the most recent movement resulted in a retest of the support level within the range, and the price has since...
FX:EURUSD Preference: An analysis of EURUSD reveals that the bears retain control as the price continues to adhere to the downward trendline. Over a period of several days, the price consolidated on the four-hour time frame, but a recent move led to a downward breakout from the range's support level, and the price is presently reassessing that area. In the...
FX:EURGBP Preference: According to early PMI survey data, business activity growth in the UK has accelerated for a third consecutive month in January, indicating a promising start to the year. The data suggests that the economy is likely to grow at a quarterly rate of 0.2% after a flat fourth quarter, thus avoiding a recession and showing signs of renewed...