TheRavensForex

TheRavensForex

I would like to extend my heartfelt apologies for the gap in my analysis over the past few months, during which I faced a family incident in April this year. Now, let's turn our attention to the USDJPY pair, which has undergone a significant development. The JPY pairs, as a whole, have shown remarkable resilience as they repeatedly refrained from breaking the...

TheRavensForex Updated 

The EURAUD hit a yearly high and 2019 high but formed a pinbar and hit a parallel level resistance. A 4-hour candle close below the parallel level would signal a bearish wave. This could also indicate a potential long-term trend change.

TheRavensForex

GBPUSD has recently broken its uptrendline and moved into a parallel level. After some swings, it formed a nice pinbar and is about to finish its retracement. Observing the price action, we can see that the buying momentum is decreasing, and the market has created a lower high wave. Based on this, we anticipate a downtrend to appear soon.

TheRavensForex Updated 

EURAUD has been on a sustained bearish trend, and recent price action indicates that this trend may continue. A 4-hour pinbar was recently formed, signaling a rejection of price movement back into the consolidation zone. Furthermore, there is an attempt to break the small trendline, which could potentially lead to a significant drop once the next 4-hour bearish...

TheRavensForex Updated 

EURJPY recently broke its bullish trendline after a 10-day bull market and is now testing the parallel level. The first entry opportunity may arise when the second 4-hour bearish candle is created, with confirmation of a potential reversal provided by the bearish daily pinbar that was also formed. Another potential entry point could occur when an obvious lower...

TheRavensForex Updated 

EURAUD broke the top wedge pattern, indicating a potential end to the bullish wave. A short position towards the major support zone at the 1.62200 area could yield a decent profit with a good risk-reward ratio.

TheRavensForex Updated 

Last week, GBPAUD reached a new high for the year, but it has since retraced and is now consolidating at a parallel level. The trendline has been broken and multiple pinbars have been rejected, indicating a potential breakout. We can also see a small wedge formation about to break. We can take advantage of this opportunity by entering as a sniper entry with a...

TheRavensForex Updated 

GBPJPY recently formed a daily pinbar and retraced back to the selling range. This indicates a potential short-term selling opportunity, especially as the price has already tested the support trendline twice before. Therefore, we can anticipate that GBPJPY will form another bearish wave and test the previous support level again. To enter the trade, we can wait...

TheRavensForex Updated 

Gold recently hit its yearly high with strong buying volume, but with a lack of consolidation. A 4hr bearish rail candle and daily pinbar suggest a short-term selling trend, possibly leading to a retracement to the previous support level.

TheRavensForex Updated 

GBPAUD recently experienced a fake out on the 4hr chart, which rejected back to the consolidation zone. However, the current trendline is on the verge of being broken, and once that happens, a bearish trend is likely to ensue, and we can take advantage of sells. It is important to keep an eye on the price action today or next week, as a break of the trendline...

TheRavensForex Updated 

The USDCHF has tested a significant support level with decreased selling volume, and other CHF pairs are acting bullish, suggesting a potential trend reversal. Use a tight stop loss for any buy positions. Wait for confirmation before entering a long position once the USDCHF breaks above the 15m neckline.

TheRavensForex Updated 

AUDCHF has been in a downtrend for quite some time, but it appears to be nearing exhaustion as it sits at the FIB 0.618 of its historical low. The bearish candles have slowed down and the price is at the edge of the downtrend trendline, which indicates a possible reversal. This presents a great opportunity for a sniper trade, and possibly the best setup this year....

TheRavensForex Updated 

CADCHF experienced a powerful daily bullish candle last week, indicating confirmed buying volume. It has since retraced back to the FIB 0.618 area, creating a higher low formation with the 3rd wave of a reversal wedge pattern. Based on this, we anticipate CADCHF to push higher, targeting the price area of 0.684.

TheRavensForex Updated 

Last week, the major trendline of AUDUSD was broken, and it has since entered a consolidation phase while attempting to form a higher low bullish wave. If a 15m bullish candle accumulates, it could provide a daily entry opportunity during the Tokyo session. Alternatively, if selling pressures are detected at market open, we can wait for AUDUSD to retest the...

TheRavensForex Updated 

The EURJPY has bounced back towards the selling range and the previous trendline. To continue its upward momentum, a retest is required to gather buying volume. Therefore, we could consider taking a sell position today for a daily trade.

TheRavensForex Updated 

GBPAUD is currently at a major resistance zone. Today, it has pulled up and then retreated back to the selling zone within a 4hr timeframe, which formed a nice 4hr pinbar. This indicates that a short-term selling phenomenon has been confirmed. Therefore, we could consider taking a daily sell with the previous support level as the target.

TheRavensForex Updated 

USDCHF has formed two 4hr pinbars and finished with a bearish wick, indicating a strong possibility of a retracement down to the previous support level. It is important to manage the trade quickly in such a scenario.

TheRavensForex Updated 

Yesterday, CHF pairs experienced a strong bullish impulse without any consolidation, indicating an overbought condition. As a result, we can anticipate a retracement in CHF pairs to occur before pushing higher. Therefore, we can consider taking a short-term sell today. *Manage this trade carefully.