weekendanalyst

weekendanalyst Updated 

EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Inverted Head and Shoulders Formation - Stochastic not in Oversolld conditions - Good risk-to-reward ratio - Fundamentally, the positivity from Trump-Xi trade talks should give the market some relieve from the dollar strength we been seeing. Adding on Italy is showing some willingness to amend...

weekendanalyst Updated 

USDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations - Price action can't seem to break and stay above the Horizontal Resistance Trendline - Price action reversed off middle of Parallel Channel - Stochastic near Overbought momentum - Fundamentally, the temporary truce between Trump-Xi trade war should be a positive to...

weekendanalyst Updated 

USDCHF Timeframe: H4 Direction: Short Confluences for Trade: - Weakening momentum in rally - Price rejected 50 EMA - Price action at 38% Fibo Retracement - Price action at Resistance Trendline - Price action at Horizontal Resistance Trendline - Stochastic Overbought momentum (H4) Suggested Trade: Entry @ Area of Interest 0.9950 - 1.0000 SL: ...

weekendanalyst Updated 

EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Mid-Support in Resistance Channel - Price at Support of a Horizontal Trendline - Stochastic Oversold momentum (H4) - Fundamentally, EU-Italy impasse has shown some willingness from Italian counter-party to review their budget deficit numbers. Although not concrete, it should relieve some...

weekendanalyst Updated 

*Sorry, error in the chart numbers. Mistakenly put 0.xxxx instead of 1.xxxx. The below numbers are correct* GBPAUD Timeframe: 1D Direction: Long Confluences for Trade: - Price at Horizontal Trendline Support - Widening gap between EMAs - Stochastic Oversold momentum - Fundamentally, BOE has warned that UK may be headed for recession if a no-deal Brexit...

weekendanalyst Updated 

EURGBP Timeframe: H4 Direction: Short Confluences for Trade: - Waning strength in bullish rally - Price at Horizontal Resistance - Likely to Breaking S/T Trendline - Stochastic Overbought momentum - Fundamentally, both nations have internal issues that have yet to be solved, it really depends on timing on the events release; do note that EU will comment...

weekendanalyst Updated 

GBPAUD Timeframe: 1D Direction: Short Confluences for Trade: - Strong Bearish Candle Formations - Price broke M/T Trendline (Since Sept 2017) - Fundamentally, Brexit uncertainty provides a bearish outlook on GBP while AUD may improve on higher chances of Trump and Xi get something agreed on regarding trade and with a more dovish FED, AUD being an...

weekendanalyst Updated 

EURUSD Timeframe: 1D Direction: Short Confluences for Trade: - Waning bullish momentum - Price action at Resistance of Parallel Channel - Price close to a Horizontal Resistance Line - Price reversing off a retracement of the 38.2% Fibo line - Stochastic Overbought momentum - Fundamentally, EU-Italy impasse still remains and concern about global growth...

weekendanalyst Updated 

NZDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Price action at Strong Resistance Trendline (Since Jan 2015) - Price action at 61% Fibo retracement levels - Gap between 8EMA and 50EMA too wide - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 0.6825 - 0.6925 SL: 0.6998 TP: 0.6453 RR: Approx. 3.42 (Depending on...

weekendanalyst Updated 

USDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Upward momentum slowing - Price at Resistance Trend-Line (since June 18) - Stochastic Overbought momentum - Fundamentally, Canada's data is still strong, and Canada being a commodity currency was hit when oil price fell drastically, however, our view is that oil price has stabilize around...

weekendanalyst Updated 

EURUSD Timeframe: H4 Direction: Long Confluences for Trade: - Price at Support of Parallel Channel - Fibo support (61%) lies at 1.1187 (SL level is below that, just in case) - Stochastic Overbought momentum (W1, D1, H4 & H1) - Fundamentally, EU-Italy impasse is still at large but market have pretty much priced in such situations; leadin strong weakening...

weekendanalyst Updated 

EURAUD Timeframe: 1D Direction: Long Confluences for Trade: - Stochastic Overbought momentum - Too wide of a divergence for 8 EMA and 50 EMA - Price close to Strong Horizontal Support (since Feb 18) - Price close to a Support Trendline (previously resistance; since March 18) Suggested Trade: Entry @ Area of Interest 1.5610 - 1.5670 SL: 1.5542 TP:...

weekendanalyst Updated 

EURNZD Timeframe: 1D Direction: Long Confluences for Trade: - Price at Long-Term Trendline (since Feb 2017) - Price at Fibo 38% levels - Price around Horizontal Trendline (since Jan 2018) - Divergence of 8 EMA and 50 EMA quite wide - Stochastic Oversold momentum Suggested Trade: Entry @ Area of Interest 1.6610 -1.6750) SL: 1.6464 TP: 1.1.7228 RR:...

weekendanalyst Updated 

AUDNZD Timeframe: 1D Direction: Long Confluences for Trade: - Price close to Long Term Support Trendline (since 2015) - Price at Resistance Line of Parallel Channel - Price at 78% Fibo retracement levels of previous Low to High - Stochastic Oversold momentum (W1, D1, H4) Suggested Trade: Entry @ Area of Interest 1.0585 - 1.0640 SL: 1.0541 TP:...

weekendanalyst Updated 

AUDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish Engulfing Candle (Daily) - Stochastics Overbought Condition (1D) - Rejection of 50% Fibo line - Rejection of Horizontal Trendline (since Feb 2018) - Price action reversed against Resistance of the Parallel Channel - Fundamentally, AUD is pressured downwards with the growth concerns...

weekendanalyst Updated 

EURCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candles formation - Price rejected Resistance Trendline (since May 18) - Horizontal Resistance Trendline (38% Fibo level) strong - Price broke the Short Term Trendline (since Sept 18) - Stochastic Overbought momentum - Fundamentally, Italy supposed to provide EU with a revised budget...

weekendanalyst Updated 

EURJPY Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Reversed against the Fibo Retracement 50% line - Fundamentally, Italy's budget story has yet to be solved, EU-Italy discussion continues this week; expecting further volatility. In addition to that, higher chance of Democrats taking over the House...

weekendanalyst Updated 

GBPJPY Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Strong Selling area (since June 18, price has been sold down from this area) - Fundamentally, yet to see actual progress in Brexit negotiations; so far all we are hearing are reports are saying this and that. Add on, a risk off play may be likely...