EJ As you can see in my previous analysis, Target has reached successfully. As you can verify also. Now price has consolidated, Battle took time but finally Bears lost the momentum. Bulls are taking over and again 1W,1D,4H all supports didn't breach. Hoping to go LONG once market opens . Share you thoughts as well :)
AUD has been quite bearish since previous week but it seems like Bulls have taken over. Been trapped in symmetric Triangle for few days as well as critical Daily,Weekly Strong Demand Zone is supporting. Consolidated but couldn't break below. If Symmetric broken down then wait for retest and then take Short entry till mentioned level. If TL and Symmetric broken up...
AUDCAD has been bullish for a while but seems like CAD is taking over. A nice Head & Shoulder can be seen. Trendline is also respected. R:R is also mentioned. #STAYHOME#STAYSAFE
Multiple scenarios been illustrated above. CAD totally dependent on OIL. As OIL been bullish mostly due to fundamental reasons (US & Saudia Contract), CAD made serious moves too.GBP on the other hand been consolidated last week but made moves at the end of week. Here GC been trapped in symmetrical Triangle and at Resistance level. It has broken previous...
Fundamental View Crude OIL OPEC meeting has been delayed. Collapse of OIL is possible as well as CAD. As illustrated above .It has formed a bat formation. Since Fake breakout can be seen as well. Price has retraced and formed exact bat formation. R:R is clearly mentioned above. Let's see where market opens for further confirmation..
As my previous analysis went accordingly and you can verify in comment below. It been trapped in Triangle and it has successfully broken the lower TL and has retested successfully. Once market opens, Let's see whether price opens above or below. IF above then this idea is invalidated else will proceed accordingly.
Check my previous analysis, GJ has successfully hit the TP. GJ been moving accordingly for few days. Been trapped in symmetric Triangle and has successfully broken and retested as well. Respected minor resistance as well as lower TL. Hoping to go short once market opens for further confirmation. If opens above the current price the this analysis is invalidated...
OIL has been quite stubborn for weeks.CAD and OIL both have suffered fundamentally alot . OIL is currently now at strong weekly and monthly resistance support.Another strong trendline can be seen on Daily chart. Once that's broken, We can have a confirmation to go LONG. RSI even showing bullish divergence plus price is at currently weekly and monthly...
JPY seems pretty disturbing for few days. GBP isn't performing well as recession is upon us. For TA, Price has been performing within rising wedge and closed just at resistance area . Having said that fundamentals are dominating, Provided R:R ,GJ could be having three possibilities as illustrated above. Wait for the opening and confirmations before entering....
EURJPY has retested and recovered just before closing on friday. There's a possibility that it could fall if current rejection/resistance holds. Seems like it's once again trapped in falling wedge. Expecting a fall till 118. This pair will be invalidated if market opens higher than current price. Use proper risk and management. #STAY_HOME_STAY_SAFE
Fundamental View Unemployment rate = Worst Jobless Claims = Worst NFP = Worst Technical View EG been moving and trapped in Bullish Flag. Finally broken that channel and for further confirmation it has retraced as well. Been at strong rejection zone. Hoping to get taken by BULLS from here. R:R mentioned as well :) Share your thoughts as well .:)
Fundamental View Unemployment rate = Worst Jobless Claims = Worst NFP = Worst Techincal View EURUSD been haunted by Bears this week and took a momentum towards downward. Now at 1.077-1.08, Price has rejected many times and bulls have tried to break it below that point but fortunately that didn't happen. Finally lost the battle and bulls took over. Hoping to go...
Fundamental View Unemployment rate = Worst Jobless Claims = Worst NFP = Worst UJ has previously broken the symmetrical channel after trying hard at 111.65 for day or two but couldn't break that level and rejected viciously.Bears took over and changed the trend towards downward.Now again it has retraced a bit but on Daily and Weekly TF it has strong rejection...
USDCHF been haunted by bulls for now but reversal can be seen. Been at rejection area and expecting a retracement. Check your R:R and make your entries. :)
GU has currently been trapped in bearish channel as illustrated above. On lower timeframe it has broken the falling wedge and currently retraced back as well. If that bearish channel or lower trendline holds then we can go LONG else wait for the breakout confirmation and go SHORT till 1.16. Hope it might help you somehow. :) #STAYHOME_STAYSAFE
As EURUSD has already touched the bottom, Corona is still in play so fundamentals might be causing more impact than technical. If Technically speaking there's a possibility if EURUSD don't get rejected at this price then it will reach upto the depth of Cup i.e 1.148 . Let's see where market is gonna open, I`ll be entering once market provides...