USDJPY Weekly Technical Outlook The USDJPY market on the weekly time frame had been operating within a rising channel (purple) for several weeks but had been broken down a few weeks ago. However, last week, there was a bullish pullback. Presently, ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the daily time frame is in a rising channel (red). Presently, price action is at the upper trendline of the channel. We may still see further northward move, or sideways of price action, before a southward drive. I may be ...

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

XAUUSD Weekly Technical Outlook XAUUSD market operation on the weekly time frame is bullish. Last week, market operation printed a bullish candlestick as a follow-up to the relatively big bullish print that broke above the 2469.19/2526.08 horizontal ...

Weekly Top-Down Technical Analyses

GBPUSD price action on the daily time frame went sideways on Friday after bulls pushed back a bearish breakdown of the 1.30810 intra-day horizontal support. Although we may still see some bullish move within the 1.30810/1.32750 horizontal resistance ...

Cable Update (GBPUSD)

GBPUSD Weekly Technical Outlook Four weeks ago, GBPUSD market operation on the weekly time frame made a bullish drive to retest the 1.30810/1.32750 horizontal resistance zone (purple) but there was a feeble bearish resistance a week later. ...

Weekly Top-Down Technical Analyses

EURUSD price action on the daily time frame turned sideways on Friday after a bullish correction of a bearish breakdown of the 1.10440 intra-day horizontal support. Technicals support bears more than bulls. And the dominant technical structure is ...

EURUSD

EURUSD Weekly Technical Outlook EURUSD market operation on the weekly time frame is sideways at the 1.10745 area. This is technically below the 1.11940 prevailing horizontal resistance, which corresponds with the 61.8 fib area of the bearish swing ...

Weekly Top-Down Technical Analyses

USDJPY price action on the daily time frame is bearish. Price action has broken down a long-term rising channel (purple) and it is retesting the 140.820 horizontal support which has been in place since December 2023. We cannot rule out further ...

USD/JPY Discussion

USDJPY Weekly Technical Outlook USDJPY market operation on the weekly time frame broke down a long-term rising channel (purple) four weeks ago. However, there was no significant bearish follow-through. Last week, market operation printed a small ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the daily time frame is bullish. Last Friday, price action printed a multi-year high at the 2585.90 area, but the bullish momentum is weakening. We cannot rule out a bearish correction before the end of this week. I may be ...

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

XAUUSD Weekly Technical Outlook Last week, XAUUSD market operation on the weekly time frame printed a bullish candlestick that breached a rising wedge (red) which has constrained it since July. Also, the market operation broke above the 2526.10 ...

Weekly Top-Down Technical Analyses

GBPUSD price action turned sideways after bears retested the 1.31270 former horizontal resistance area, which was breached several days ago and flipped as support. Presently, price action is in the 1.31270 area, and we may see the restoration of the ...

Cable Update (GBPUSD)

GBPUSD Weekly Technical Outlook Three weeks ago, GBPUSD market operation on the weekly tie frame breached the 1.31270 horizontal resistance area. Since then, market operation has been sideways in the area. image GBPUSD price action turned sideways ...

Weekly Top-Down Technical Analyses

EURUSD price action on the daily time frame went sideways towards the end of last week. On Wednesday, bull effected a pushback of the bearish drive to the 1.10250 horizontal support area. But there was no significant bullish follow-through on ...

EURUSD

EURUSD Weekly Technical Outlook After the bearish rejection of the 61.8 fib retracement of the bearish swing traceable to May 2021 two weeks ago, EURUSD market operation went sideways last week after a mediocre bullish challenge that failed to break ...

Weekly Top-Down Technical Analyses

USDJPY price action on the daily time frame broke below a rising channel (purple) on August 5 but was challenged by bulls for a northward retracement within the channel. A bearish pushback that broke below the channel was resisted by bulls which ...

USD/JPY Discussion

USDJPY Weekly Technical Outlook USDJPY on the weekly time frame is bearish. Last week, market operation broke down an area of consolidation that has been in place for two weeks below a rising channel (purple) which market had constrained market ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the daily time frame went sideways after a bullish breach of the rising channel (blue) within which it has been operating. But recent price action has formed a horizontal channel (magenta) spanning 2469.19/2526.08, and we may ...

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

XAUUSD Weekly Technical Outlook XAUUSD market operation on the weekly time frame is in a rising channel (blue). Recent market operation has yielded a rising wedge within the channel. The last three prints have produced an ambivalent market operation ...

Weekly Top-Down Technical Analyses

GBPUSD price action on the daily time frame is making a bearish correction of the bullish drive to the 1.32600 horizontal resistance area. Although we may still see an intra-day bearish retest of an area of value in the early part of the week, the ...

Cable Update (GBPUSD)