After printing a multi-year high on Friday, the XAUUSD price action on the daily time frame printed a bearish pinbar at the 2860.80 horizontal resistance area. Technically, a bearish correction is imminent. I may be wrong. Trade safe and prosper. KP ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

XAUUSD Weekly Technical Outlook The XAUUSD market operation on the weekly time frame is bullish. But it is approaching the upper trendline of a rising channel (magenta). image After printing a multi-year high on Friday, the XAUUSD price action on ...

Weekly Top-Down Technical Analyses

Thanks mate for your encouraging comment. However, I analyse only the pairs I track or trade. If you have a specific pair you track or trade, let me know at the beginning of the month so that I can do a top-down analysis on it during that particular ...

Weekly Top-Down Technical Analyses

GBPUSD price action on the daily time frame is sideways at an intra-day horizontal support. The preceding technical impulse is bullish. Thus, we may see northward price engineering in the early part of this week. Nevertheless, the dominant technical ...

Cable Update (GBPUSD)

GBPUSD Weekly Technical Outllook In January, the GBPUSD market operation on the monthly time frame broke down the rising wedge (red) within which it has been consolidating for several months. The technical structure is bearish. But the candlestick ...

Weekly Top-Down Technical Analyses

EURUSD price action on the daily time frame is bearish but it is tackling the 1.04050/1.03240 horizontal support zone (green), which was flipped from resistance to support a few days ago. The prominent wicks on the top of the bearish candlesticks ...

EURUSD

EURUSD Weekly Technical Outlook The EURUSD market operation on the monthly time frame went sideways in January. It printed an indecision candlestick in the 38.2/23.6 fib retracement zone of the bearish swing traceable to May 2021. The zone contains ...

Weekly Top-Down Technical Analyses

USDJPY price action on the daily time frame is sideways as bulls retested the 155.170 intra-day horizontal resistance on Friday. The preceding technical impulse is bullish. And recent technical patterns favour a northward liquidity sweep. I may be ...

USD/JPY Discussion

USDJPY Weekly Technical Outlook The USDJPY market operation on the monthly time frame issued a bearish rejection of the 159.880/156.950 horizontal resistance zone (blue) in January. The relatively small bearish candlestick left a top ‘wick’ in the ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the daily time frame is bullish but the momentum is weakening. On Friday, price action printed an indecision candlestick at the 2796.53 intra-day horizontal resistance. Technically, we may see a bearish challenge in the area. ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

XAUUSD Weekly Technical Outlook The XAUUSD market operation on the monthly time frame issued a relatively big bullish candlestick in January. Technically, the XAUUSD market is bullish. image The XAUUSD market operation on the weekly time frame is ...

Weekly Top-Down Technical Analyses

GBPUSD price action on the daily time frame is in a bullish corrective mode. On Friday, price action broke above a mini-area of consolidation to retest the 1.24790 horizontal resistance area. Although we may still see further northward market ...

Cable Update (GBPUSD)

GBPUSD Weekly Technical Outlook Last week, the GBPUSD market operation on the weekly time frame made a bullish retest of the 1.24790 horizontal resistance area. The area is between the 50/61.8 fib retracement zone of the bearish swing traceable to ...

Weekly Top-Down Technical Analyses

EURUSD price action is in a bullish mode. Last week Frida, price action printed a relatively big bullish candlestick that broke above the 1.04050 intra-day horizontal resistance. Further northward push may see a retest of the 1.05830 horizontal ...

EURUSD

EURUSD Weekly Technical Outlook The EURUSD market operation on the weekly time is in a bullish corrective mode. Last week, market operation printed a relatively big bullish candlestick to retest the 1.04998 area which was flipped as resistance six ...

Weekly Top-Down Technical Analyses

USDJPY price action on the daily time frame is tackling the 155.400 horizontal support area (blue). Presently, it is sideways in the area. As the preceding technical impulse is bearish, we may still see further southward market engineering. I may be ...

USD/JPY Discussion

USDJPY Weekly Technical Outlook Two weeks ago, the USDJPY market operation on the weekly time frame made a bearish retest of the 155.400 horizontal support area (blue). But last week, the market operation went sideways in the area. This indicates ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the daily time frame has made a bullish retest of the 2770.60 horizontal resistance area. However, there is a bearish challenge in the area as the bullish momentum declines. What price action does in the area upon the closing ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

XAUUSD Weekly Technical Outlook The XAUUSD market operation on the weekly time frame is bullish. Last week, it printed a relatively big bullish candlestick to retest the 2770.60 horizontal resistance area. image XAUUSD price action on the daily ...

Weekly Top-Down Technical Analyses

Although the bearish momentum of the GBPUSD price action on the daily time frame is declining, the technical impulse favours bears more than bulls. Besides, the dominant technical structure is bearish. I may be wrong. Trade safe and prosper. KP ...

Cable Update (GBPUSD)