xunnobi

xunnobi

USDJPY has made a very predictable and good price movement. Anyone who has shorted it since week 50, would have ended with very good profit! I personally shorted but did not hold it all the way as I mainly day trade, so I got a couple of drop while USDJPY was on its way down. So what can we expect for 2019, week 1? From my analysis, the bear movement of USDJPY...

xunnobi

GBPUSD did not move a lot in week 52 of 2018, it did break upwards to a bullish level 3 zone, however, it wasn't by a lot. Anyone who entered long in this pair would have stayed in the green, however, it might not hit the expectations of many traders. Most of the movement was spent in the range of the level 3 zone. The price movement doesn't seem convinced that...

xunnobi

EURUSD has successfully pushed up to level 2 for week 52, anyone who long this pair since last week would be able to see a good profit. However, because of their price movement in week 50 to 52, it prompted me to question my outlook on this particular pair using my usual trend following on 1H chart. We have seen this pair went up to a bullish level 2 zone, which...

xunnobi

Finally a completion of a 3 level moves for USDCHF! Last week, the analysis point us towards a drop in USDCHF for week 52, and fortunately it did end up a lot lower with a new level 3 zone. This three level downward moves did throw me off a little with the high of level 2 zone getting to same level as zone 1, it triggered my paranoia of a high/low rest. Currently...

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Week 51 has seen USDCHF dropping back to Week 49's low. As with week 50's analysis, a level 2 uptrend was spotted, and I do not feel comfortable that it will continue to rise even though it was at a level 2 up trend. So indeed, when market opens on week 52, it went down straight on monday, and ended the week somewhere in the middle of week 51's weekly range. So...

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Week 51 continued its upward expectation that we had in week 50's analysis. It reached a bullish level 2, and largely confined itself to a limited range of about 80 pips between its weekly high and low. If you long, you will be in profit for the first half of the week, similar to EURUSD . It was surprising to me that the break to level 2 was just a minor one. I...

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Yes, if we followed week 50's analysis, we would have ended our first four trading day in profit, as it rises as expected. However, friday would have trapped long traders or clear off their profit. There is a micro 3 level trend that pushes EURUSD upwards which ended with a triple top and followed to drop about 100 pips just on friday alone. The move might have...

xunnobi

USDJPY has proved to be the biggest winner amongst the four pairs that we have analyzed in week 50. I caught the first drop till level 2. I missed the drop from level 2 to level 3 because I was expecting a longer consolidation. If you have shorted in week 51, congrats to you for a very profitable week. USDJPY ended the week with consolidation at level 3, I am...

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I love the movement of USDJPY in week 50, it moved quickly and completed the whole trend levels. USDJPY started with a W, moving upwards fast during the opening hours in week 50, and never looked back. Through week 50, it managed to create all the consolidation zones on the H1 and went on to create a reversal M on its level 3, and only moved away to form a level 1...

xunnobi

Week 50 sees the whole week in zone 1, with a full range of roughly 170 pips movement through Monday to Friday. I did a couple of long and short within this consolidation and fortunately, it is wide enough for day traders like to me net a profitable week by trading EURUSD, GBPUSD, USDJPY and, USDCHF. The analysis points us towards a bull trend, even though the...

xunnobi

Week 49's analysis of GBPUSD pointed us towards a long with a level 3 zone and an identified W shape. However, in week 50, we see it fell 282 pips, I was in for long, and it wiped me off 10% of my account's equity. I got out on Monday and did some short-term trades in Tuesday and I finally long it on Wednesday. Together with other pairs, I managed to achieve...

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Week 49 ended with no significant price movement during NFP, I did not enter long, however, my view was NFP is going to bring USDJPY and USDCHF upwards. From my analysis, it seems that USDCHF has broken down to level 2 from its level 1 zone, which reached a high back to level 3, M reversal zone. That did paralysed my outlook for a while because it made me...

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Medium trend analysis for USDJPY for week 49. The analysis points toward a possible upward opportunity for week 50. A 3 level of downtrend has been noted and it would be expected to do a reversal in the medium term (1h time frame). However, the second leg of the reversal W has not been formed, therefore, I cannot be sure that it will definitely be rising. The...

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An analysis of the GBPUSD for the past few weeks. As we can see there was a long consolidation zone (long rectangle) which only broke downwards in week 49. It created a third zone where a reversal marked by W was found. However, the reversal is taking a bit too long to break upwards away from its zone, therefore, it is a point to be cautious of. Apart from the...

xunnobi

This analysis is made on the 1h chart, the approach is more towards following the medium term trend of the pair. It is part of my day trading strategy and it will give a good overview and expectation of price movement for the following week. That said, things can change and it might not continue the long trend for next week, and consolidation might be longer...