USDJPY Weekly Technical Outlook Although there was limited bullish follow-up of market operation last week to the bullish pin bar printed two weeks ago, USDJPY technical structure on the weekly time frame is bullish. Presently, USDJPY market ...

Weekly Top-Down Technical Analyses

Summary Opinion on XAUUSD: XAUUSD price action is sideways at the 2023.78 area, but recent intra-day technical patterns favour bears more than bulls. In the circumstance, any bullish price action would soon give way to a southward drive. A ...

Weekly Top-Down Technical Analyses

XAUUSD price action on the daily time frame is sideways. However, the technical impulse favours bears more than bulls, and we may see further southward move – perhaps to retest the 2004.85 area (green) which has held as horizontal support in the ...

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

XAUUSD Weekly Technical Outlook XAUUSD market operation went sideways after last week’s bearish print that followed the bullish print of two weeks ago. Presently, market operation on the weekly time frame is at the 2023.78 area, but the 2004.85 area ...

Weekly Top-Down Technical Analyses

Summary Opinion on GBPUSD The dominant GBPUSD technical structure is bearish, but we may see a bullish pullback to an area of value. This would favour a sell swing trade. But waiting first for a northward market engineering to an intra-day area of ...

Weekly Top-Down Technical Analyses

The technical impulse of GBPUSD price action favours bears more than bulls. However, price action is at the lower part of the 1.27600/1.26100 horizontal channel (red), seen on the monthly time frame, which has not been breached southward since ...

Cable Update (GBPUSD)

GBPUSD Weekly Technical Outlook The GBPUSD market operation has been consolidating in the 1.27600/1.26100 horizontal channel (red) in the last two months. On the monthly time frame, the January candlestick print was doji-like as opposed to the ...

Weekly Top-Down Technical Analyses

Summary Opinion on EURUSD The swing trading implication would be to trade in the southward direction. But waiting first for a northward pullback to an intra-day area of value (e.g., an area of market imbalance or supply on the H4 tf) is the path to ...

Weekly Top-Down Technical Analyses

Presently, EURUSD price action is sideways on the daily time frame, but the minor technical structure is bearish, which aligns with the dominant technical structure. Nevertheless, as the location of price action is near the lower boundary of the ...

EURUSD

EURUSD Weekly Technical Outlook EURUSD market operation is in a bearish technical structure on the monthly time frame. In the last six months it has been consolidating in the 38.2/50 fib retracement zone of the long-term bearish swing that began in ...

Weekly Top-Down Technical Analyses

Summary Opinion on USDJPY Although USDJPY price action grinds slowly northwards, the technical structure is bullish. Nevertheless, we may still see a slowdown in directional momentum as price action retests the 149.00 horizontal resistance area, ...

Weekly Top-Down Technical Analyses

USDJPY price action maintains a bullish mode on the daily time frame. Presently, it is below the 149.00/152.00 horizontal resistance zone (purple), seen on the monthly time frame. But, further northward drive would target the 150.600/151.400 daily ...

USD/JPY Discussion

USDJPY Weekly Technical Outlook The 152.00 level remains an attractive target for bullish drive in the USDJPY market. On the monthly time frame, the level has not been revisited since November 2023. Technically, the 149.00/152.00 zone (purple) would ...

Weekly Top-Down Technical Analyses

Summary Opinion on XAUUSD I personally like swing trading XAUUSD market southwards on a medium-term basis because of positive swap. But the present scenario is tricky. There is need to await directional clarity. Besides, rather than jumping into the ...

Weekly Top-Down Technical Analyses

XAUUSD price action is at the 2039.19 level and presently sideways on the daily time frame. However, the recent technical pattern could incentivize a northward liquidity grab before a southward drive. The 2017.74/2002.33 area (sandybrown) is the ...

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

XAUUSD Weekly Technical Outlook The XAUUSD market operation dipped into the 1989.77/1956.85 zone (green) in December 2023 before surging northwards to print an all-time high, leaving a long tail within the zone and a long upper shadow – technically ...

Weekly Top-Down Technical Analyses

GBPUSD price action on the H4 time frame is consolidating within the 1.27600/1.26100 horizontal channel (red), an area which aligns with the 61.8/50 fib retracement zone of a recent bearish swing. Presently, price action is at the upper part of the ...

Cable Update (GBPUSD)

GBPUSD Weekly Technical Outlook GBPUSD market operation on the weekly time frame continues its sideway mode within the 61.8/50 fib retracement zone of a recent bearish swing. This is after a northward retracement of a longer-term bearish swing that ...

Weekly Top-Down Technical Analyses

EURUSD Weekly Technical Outlook EURUSD market operation on the weekly time frame retains a bearish outlook. However, there is decline in momentum as market operation tackles the 1.08500 horizontal support area. image EURUSD price action on the ...

Weekly Top-Down Technical Analyses

EURUSD price action on the H4 time frame grinds southward in a falling wedge (magenta). As the dominant technical structure is bearish, a southward drive would be more feasible than a northward push. I may be wrong. Trade safe and prosper. KP image

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