USDJPY is forming a 4 hour bullish initial pattern. If the 4-hour uptrend continues, the daily supply zone will be reached. When a retracement occurs in the daily supply zone, the overall pattern may change depending on market action. Please look carefully. If the 4-hour uptrend pattern is broken, this analysis is invalid.
GBPUSD needs to reach the daily demand zone to complete the correction and have a chance to rebound. If the rebound fails in the daily demand zone, it is likely to decline until the weekly demand zone is found.
Since the DXY has an early 4-hour upward pattern, we expect it to rise to the daily supply zone today. (Resistance needs to be tested for the dialy downtrend to continue.) If so, EURUSD should come down to the daily demand zone. The problem starts here. (First) If EURUSD succeeds in rising in the daily demand zone, it may rise towards new highs by early next...
US Oil made a big retracement as soon as it reached the monthly supply zone. Since the uptrend appeared shorter than expected, two cases are expected. The first is when the monthly correction is over and the monthly downtrend is in progress because it came down from the monthly supply zone. Currently, it is the initial pattern where the daily bearish pattern...
Gold must be a weekly correction pattern that occurs at the top in order for the weekly rising wave to continue. Otherwise, as the weekly demand zone goes down, the resistance coming down from the monthly supply zone above becomes very large. Therefore, the probability of failure increases during the rebound, so rather than rising, a monthly downward wave occurs...
A rebound in the daily demand zone is very important for gold. This is because the rise can continue only when it is propagated as a daily rising wave. If the rebound fails, a daily downward wave may begin. If so, since gold goes to the weekly correction process of the upper time period, it may continue to decline until the weekly demand zone is found. DXY is...
USDCAD is positioned to form a 4-hour bullish pattern. When the 4-hour uptrend begins, the target is around the daily supply zone, where the overall pattern will change depending on market action.
GBPUSD continues to rise daily. There is a 4-hour supply zone (sell position) above the current position, and a daily demand zone (buy position) below. A rebound from the daily demand zone would result in another new high, and the week will end in a bull market. Conversely, if the rebound fails even in the daily demand zone, the current high is likely to be point...
Bitcoin is positioned to start a new weekly bear wave. However, it also has the potential for a new uptrend to begin. The reason is that it is the first appearance of the daily bullish pattern. The blue line drawn at the bottom of the chart is a very important criterion. That line is the previous monthly support line. If it rises above that line again and...
This analysis is a Bullish scenario for AUDUSD. The daily upward wave continues. If the upward wave of this daily bullish pattern continues, the correction process is propagated to a larger time frame. Therefore, the target is expected to reach around the monthly supply zone. Look for buying opportunities near the daily demand zone.
The previous chart picture is wrong, please correct it again. As with the previous analysis, gold will undergo a monthly correction process. The most resistance is where the weekly supply zone is located. If you find support in the weekly supply zone, look for a Buy opportunity.
DXY has continued to rise in weekly uptrends. It is expected that the monthly correction process will be carried out where the weekly upward wave ends. However, there is a risk that the weekly uptrend does not end and continues to rebound in the weekly demand zone. If the rebound fails in the weekly demand zone, the monthly correction will proceed as shown in the...
The location of the daily supply zone has risen a bit and has come down. This is an update of the last DXY monthly correction version. EURUSD can be viewed in the opposite direction. good luck.
This is the Plan B scenario for EURUSD. If it is difficult to update the current high After correction up to the daily demand zone, if it rebounds again, you can reach a new target. However, if the rebound fails in the daily demand zone, a major correction will be made.
GBPUSD may continue to rise before falling. The 4-hour uptrend line remains intact and continues to break through the 4-hour supply zone (red dotted line). If it rises above that line and settles, it will make a new high. However, when the 4-hour uptrend is broken by a retracement from the 4-hour supply zone, it will come down to the daily demand zone.
A new target for EURUSD. As the 4-hour uptrend continues, the market may test a higher resistance area. A break in the 4-hour uptrend will cause a pattern change, so this analysis is invalid.
USDCAD is forming a 4-hour bullish pattern. If successful, it can easily ascend to near the daily supply zone. If it is strongly pushed near the daily supply zone, the daily downward wave may continue, and conversely, if it breaks through the above resistance and rises, a weekly correction reaching the weekly supply zone may occur. Therefore, market action in...
EURUSD continues its daily uptrend. The primary goal of the monthly supply zone has been reached, but there is no retracement yet. I believe the daily uptrend will continue. The reason is that USDJPY hasn't reached the monthly demand zone, so the market still has a chance to sell the dollar. So, until then, EURUSD will continue to rise. And, if the daily upward...