Bullish Channel trapped inside Bearish Channel and price respected strong rejection and TL at 1815. Watch 1815 zone on 4H TF. For Bullish Momentum it must break above 1815 zone by tomorrow. We'll then enter LONG once Retest is done else we will be having major breakdown. (Check my previous analysis for bigger picture).
Hi there, Let's talk about GOLD. Bullish Channel Breakout at 1840 But price couldn't break above 1910 zone. (1900-1915 was previous strong supply during Aug-Sep 2011). We anticipated breakdown instead. LONG trades got liquidated here at strong support 1810 zone. We had strong USD recovery that drove GOLD further down hence breaking 1810 support. So...
There's strong impulsive breakdown since last year but eventually it came to Monthly major Support i.e 1.2255.Seems like USDCAD holding above that critical zone. Daily candle closed in BULLS favour. Bullish Harmonic Pattern, RSI and Price Action still favouring BULLS. However, UC needs to break consoldation zone 1.2330 for proper BULL run. Trade safe...
M,W candle closed at strong zone. Falling Wedge can also be seen. Price respected 1720 zone. In order to breach 1600 zone. Both TL and support must be broken and retest as well. Recovery is still possible but bear in mind coming NFP also.
Bearish Channel. Holding 0.76 M,W,D support zone M.A are still supporting Bulls. Coming NFP might trigger strong volatility. We expect as possible breakout if Negative Fundamentals take over. AU respected 0.8 zone Price retraced following all other pairs. Currently holding at previous Support zone.
Bearish Channel 1.00 M,W Rejection zone AC currently trapped in M,W Bullish Channel. However, M.A's are supporting Bulls. Price has respected support 0.98. Watch this zone more closely. AU has respected 1.00 zone. Breakout still possible if NFP triggers volatility.
T.A review: Trendline as well as Symmetric Channel Broken and Retested as well. Daily M.As are still encouraging BEARS. 1760 is another demand zone and we can see a Triple Bottom over here. Doji and Wicks formation indicating a strong rejection zone. Previous analysis went pretty accurate. Let's expected some retracement as well. Coming week would be deciding the...
Demand Zone W,D Rejected at 0.76 zone. Seems like holding Bearish Channel. Still Dollar could cause strong fluctuations but AUD seems to be making recovery as well. IF it holds this channel for another week then we can see a major BULL RUN.
Pretty Simple Actually 1.67 seems to be demand zone We've got Hammed CandleStick on D TF. Rising Wedge holding. Chances for BULLISH are quite strong here.
As salam alaikum Critical Zone 1.375 seems to be M,W,D rejection point. Still trapped in Rising Wedge on W,M TF. We can see another Bearish Channel on D TF. 1.375 seems to be rejection zone as consolidation can still be seen but the way F.A are playing, We can expect strong bullish movement. F.A Review: Despite Dollar strength , GU is pretty much bullish as BOE...
1.265-1.26 Still expected as Bearish Channel is Broken and Retested. Strong Inverted Hammer on Weekly TF. M.As are still supporting Bears. Else We need to break Rising Wedge (1.29 zone) for proper BULL RUN.. Rising Wedge Formation Price respected 1.29 zone and holding upper TL. Bearish Channel Broken on Lower TF. Despite Dollar recover, USDCAD still managed to...
As salam alaikum T.A Review: Dollar has made recovery. A strong Symmetric Channel can be seen on Monthly, Weekly TF. 103 zone is respected. Bullish Channel formation at W,D TF. There's a rejection zone at 105 and We can see weekly candle closed below that so I am expecting a retracement till 104-104.5 for proper LONG.
As salam alaikum F.A Review: DXY Trying to recover as Joe Biden and FED decisions are manipulation market. T.A review: Rising Wedge Minor Ascending Channel Broken Seems like retracement is done. If still holds 91 zone and breaks up then DXY might bring lots of pairs pretty down.
Price respected 1875$ zone and retraced back towards mentioned targets. (Check previous analysis). F.A review: We're gonna hit by T.A and F.A both in coming month. It's possible that gold might take a dip but rising cases in COVID-19 should be kept in mind as well. T.A review: Symmetric Channel Broken Another minor Weekly rejection. M.As are still encouraging...
As salam alaikum Watch this zone more closely. 0.99 M,W,D rejection zone. Bearish Channel Formation. I'm expecting a breakdown till 0.92 atleast if and only if AUD gets weaker else It could break above 1.00 zone.
As salam alaikum Already shared Monthly Analysis two days ago. Few of you have asked me about Lower TimeFrame so here you go. T.A Review: Bearish Channel on Monthly TF Strong DOJI at Monthly TF Bullish Channel on Daily TF 1.56 seems to be demand zone. All are indicating Bullish Movementum F.A Review: We've got a busy week. EUR might manipulate...
As salam alaikum Falling Wedge 144 seems to be rejection zone 0.38 Fib level holding If Daily candle forms Doji and closes below 144 then take a SHORT else we'll wait for breakout and retest. Keep in mind Dollar recovery and COVID-19 in play. NFP,PMI,ISM and FED are incoming.
As salam alaikum T.A Review: Bullish Channel Consolidating since last Month Another Falling Wedge Holding Rejection zone i.e 82 Strong chances of pullback. F.A Review: Dollar strengthens and Covid can't be ignored. FED decisions, NFP,ISM and PMI are on the way as well. Market will be highly manipulative this month.