USDJPY Weekly Technical Outlook USDJPY market operation on the weekly time frame is operating in a rising channel (purple). Last week, bears attempted a breakdown of the channel, but bulls resisted the move. This led to the printing of a miniature ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the daily time frame is in a bullish mode within a rising wedge (blue). The bullish print of broke above the 2469.78 horizontal resistance which had been in place since July 17. Technically, bulls are more favoured than bears, ...

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

XAUUSD Weekly Technical Outlook XAUUSD market operation on the weekly time frame is in a rising wedge (blue). Last week, market operation printed a relatively big bullish candlestick that closed at the upper wedge line. This followed the indecision ...

Weekly Top-Down Technical Analyses

GBPUSD price action on the daily time frame is in consolidation within a falling channel (magenta). Presently, price action is at the upper channel line and adjoined to the 61.8 fib-retracement area of the bearish swing traceable to May 2021. We can ...

Cable Update (GBPUSD)

GBPUSD Weekly Technical Outlook The GBPUSD market operation on the weekly time frame is in a bearish mode. However, there is a lack of bearish momentum. Last week, market operation printed a doji-like candlestick at the 61.8 fib-retracement area of ...

Weekly Top-Down Technical Analyses

On Monday last week, the EURUD price action on the daily time frame made a bullish break out from the 1.09150 horizontal resistance area. However, there was a bearish challenge to the move on Tuesday which led to a bearish break below the area on ...

EURUSD

EURUSD Weekly Technical Outlook Last week the EURUSD market operation on the weekly time frame turned sideways after the previous week’s bullish retest of the 50-fib retracement of a bearish swing traceable to May 2021. The area is aligned with the ...

Weekly Top-Down Technical Analyses

Last week Monday, USDJPY price action on the daily time frame broke down a rising trendline (purple) traceable to Mach 2023. However, there was a bullish pushback on Tuesday and by Friday price action turned sideways just above the trendline. ...

USD/JPY Discussion

USDJPY Weekly Technical Outlook USDJPY market operation on the weekly time frame broke down a rising trendline(purple) traceable to March 2023 last week but snapped back into it. The move printed a long bullish pinbar at the 146.600 area, which had ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the daily time frame is consolidating within a rising wedge (red) but presently it is respecting an intra-day trendline (blue) and disposed northwards. Although the bullish momentum decreased on Friday, we can still expect ...

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

XAUUSD Weekly Technical Outlook XAUUSD market operation on the weekly time frame is consolidating in a rising wedge (red). Last week, the market operation printed a bullish pinbar at the upper region of the wedge. Thus, technically, we may still see ...

Weekly Top-Down Technical Analyses

GBPUSD price action on the H4 time framewent sideways towards the end of Friday after a bearish break below the 61.8 Fib retracement area of the bearish swing that began in May 2021. As there was a relatively strong bullish pushback before price ...

Cable Update (GBPUSD)

GBPUSD Weekly Technical Outlook GBPUSD market operation on the weekly time frame printed an ambivalent candlestick last week. Market operation made a bearish retest of the 61.8 Fib retracement area of the bearish swing that began in May 2021. We may ...

Weekly Top-Down Technical Analyses

EURUSD price action on the H4 time frame went sideways towards the end of Friday session. Nevertheless, the technical impulse favours bulls. And we may still see further northward move in the erly part of this week. I may be wrong. Trade safe and ...

EURUSD

EURUSD Weekly Technical Outlook EURUSD market operation on the weekly time frame issued a relatively small bullish candlestick last week. The tail on the candlestick technically portends a bullish follow-up this week. But the dominant technical ...

Weekly Top-Down Technical Analyses

Although USDJPY price action on the H4 time frame is in a bearish mode, there is a decline in bearish momentum. We may still see a bullish retest of a intra-day value area before further bearish. I may be wrong. Trade safe and prosper. KP image

USD/JPY Discussion

USDJPY Weekly Technical Outlook Last week, USDJPY on the weekly time frame broke below the 151.400 horizontal support area turning it into resistance once again. Presently, market operation is at the 146.50 horizontal support area. But an ascending ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the H4 time frame is presently operating within a rising wedge (blue). Generally, the market is ambivalent but recent technical patterns favour bulls more than bears. I may be wrong. Trade safe and prosper. KP image

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

XAUUSD Weekly Technical Outlook XAUUSD market operation is in a bullish mode. The bullish candlestick printed last week surged towards the high of the bearish candlestick printed two weeks ago. The market operation is within a rising channel (red). ...

Weekly Top-Down Technical Analyses

GBPUSD price action on the daily time frame disposed bearish after a breakdown of the 1.28870 intra-day horizontal support on Thursday. However, there was a feeble bullish pushback on Friday, and presently the market is ambivalent. I may be wrong. ...

Cable Update (GBPUSD)