YGForex

YGForex

From our previous analysis, you can see that we managed to predict the BULLISH movement made by AUDCAD and we were looking for movement till this resistance zone. This will be an update from my previous analysis so if you yet to read it do check it out. Currently, what we saw from AUDCAD is BULLISH movement trying to breakout from this resistance zone but we saw...

YGForex

What we should be looking at for now is a rejection off this strong resistance level @0.8898 price level. We managed to see a rejection off this level previously with price retesting the level once more. However, BULLISH strength is weakening from an H1 timeframe and what I will be hoping to see is a nice rejection off here retesting the trend support before...

YGForex

EURUSD made a clear statement with a clean rejection off the resistance line @1.1808. Currently, what we are seeing is a retest of that level which I believe we will see a continuation in BEARISH movement. From a H1 timeframe, we can see a nice H&S formation which price level is retesting the neckline before we see a BEARISH fall. I will keep a good risk to reward...

YGForex

CHFJPY is currently at a critical support level @114.37 price level. This strong support level managed to hold price level for CHFJPY and I will be looking our for a short retest before any form of BEARISH continuation. From a Bollinger Band point of view, we could see a middle band retest for now before any big BEARISH movement. Ichimoku Cloud is showing a...

YGForex

From our previous analysis, we managed to secure the BULLISH movement 0.9405 resistance level where we were planning to look out for a rejection or a break out. As of now, We managed to see a clean rejection and I will be looking to see price movement heading towards a strong support level. However, what we currently see is a short retest movement to a weak...

YGForex

NZDCHF managed to gave us several short opportunity previously trading with the trend. Currently, price is moving back to the trend resistance level where we can see that NZDCHF has been obeying its BEARISH trend with no form of breakout as of now. As it is moving on a downtrend and obeying greatly this trend resistance line, I do not see any form of breakout as...

YGForex

We will start by looking at GBPCAD past movement near the 1.7258 resistance level. What we can see is several clean rejection off this level without any form of breakout signs. With the current price movement, we can see that price level just rejected off this resistance level as well as a nice rejection off the ichi cloud. This rejection from the ichi cloud can...

YGForex

Lets first take a look at the trend for gold. What we can clearly observe that price level obeys closely to the trend support and resistance level. Having said that, the trend is still upwards without a doubt. However, lets look at the current price level. We can see that gold fall out of the trend with several rejection off the the broken trend support level. ...

YGForex

Today's candle was rather interesting for EURAUD. We managed to see a nice rejection off a support level @1.6580. That was a crucial level which determines if EURAUD was able to break even lower. However, what we are seeing now is a clear rejection candle. I will be seeing a BULLISH rise as of now. Mainly looking at 2 levels as of now: 23.6 fib level and 1.6780....

YGForex

As we can see from our chart, the support level (green level) still remains a rather strong level for AUDCAD as we see a nice daily candle rejecting off this zone. As of now, I see AUDCAD retest a level that is previously broken @0.9405 price level also near to 50.0 fib level. For now, a retracement is very valid but do keep a lookout at 38.2 fib level in case of...

YGForex

With my previous analysis, we can see that shorting GBPJPY managed to TP several times. Why is this so? A simple outlook all of you should be looking into is the trend of GBPJPY. The simple logic of looking at trends working perfectly well for GBPJPY. As you can see from my chart, I drawn a trend support and resistance line where we see movement near the trend...

YGForex

Looking at CHFJPY, we can definitely see a strong BULLISH movement for this few days. However, currently what we are seeing is price moving towards a resistance level where I believe a rejection is definitely possible. This lies down to Wednesday or Thursday 's candle where we should be looking out for a clean rejection from here to confirm our BEARISH position....

YGForex

AUDCAD managed to move down as expected to the support zone (green). As of now, I am seeing a short term retest for this pair to an important support level it broke @0.9405. Before any continuation, I will be expecting a retest to this zone. Further movement will determines if AUDCAD made a breakout to move down lower or a fakeout if we see price level respecting...

YGForex

First, lets look at candlestick pattern. As we all know, this simple 3 candlestick pattern shows us a BEARISH signal. How do we determine this? Just take the entry, lowest opening and highest closing to form a single candlestick. You will see a BEARISH candle from this. Next, we take a look at Ichimoku cloud. Today's candle shoed us a rejection from the Ichi Cloud...

YGForex

Just a quick update from my previous EURJPY. By looking at today's price movement, we can see that EURJPY did not successfully breakout 124.75, with current price level holding 124.75 as a strong resistance level. No retest was seen when price moved out of 124.75 instead looks more like a fakeout. I am seeing a good risk to reward short opportunity down to 122+...

YGForex

Today's candle is definitely one of the candle that is important as we determine how GBPJPY may move in the next few days. The question that some of you may ask is if this is a retest for a BULLISH move or a fakeout. Personally, I see this more as a fakeout as 138.28 price level is where a strong resistance level lies and we definitely say a rejection for today's...

YGForex

NZDCHF is in an overall downtrend several rejections showing us that NZDCHF respect this trend greatly and has been heading down slowly. Today's candle was interesting as this BULLISH candle could be a retest candle for NZDCHF, not showing any form of strength as of now. What I will like to see is a 0.6040 daily close to confirm a retest and a clean rejection for...

YGForex

Today's candle determine a BEARISH continuation from our previous analysis. We managed to secure the BEARISH retest to the support level at our previous analysis. Now, I am seeing a nice BEARISH movement. What to take note: Lets first look at the resistance level @1.8125. This resistance level is rather strong with several clear rejection and clear direction...