AP17FX

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 02 M > Market is respecting downward resistance trend-line. Price faced rejection at resistance level and moved down and is now returning back to test resistance trend-line again. W > Price has also respected upward trend-line as...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market is moving in a downward channel. Price is testing resistance of channel. W > We can see long term bearish target of neck of W formation. Price has been testing weekly supply zone since last week. D > Price is stuck...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Price faced rejection at monthly resistance and dropped for correction, we expected correction to be near 0.382 Fib level on last monthly bullish impulse however price dropped till monthly resistance now turned supported and...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market has support of rising trend-line, price dropped to test monthly support again. W > After respecting upward resistance trend-line for some months price broke it to the upside before dropping to test rising support...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Price was respecting downward resistance trend-line however it broke trend-line to the upside, it will now act as support. Price has returned back to test monthly resistance again. We can expect a bearish correction. W >...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market is respecting downward trend-line as resistance. Price is also testing monthly resistance again. Placing Fib on last monthly bullish impulse we can expect correction till 0.382 or 0.5 Fib level. W > Target of 0.382...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market has been bullish for past 3 months and price is now testing monthly resistance level. We can expect a correction to the downside. We can see a W formation and its neck is close to 0.5 Fib level on monthly bullish...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 49 - Dec 01 M > Market was moving in a rising channel but it broke out channel to the downside last month. Price is currently testing monthly support. W > Price opened and closed below the channel support hence this level will now act as...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market was moving in a downward channel, however price has broken channel to the upside and now testing monthly supply zone. W > Price has formed two over extended W formations and can see loss of momentum and also bearish...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market is moving in a bearish channel. Price faced rejection to the downside from resistance of channel. After impulsive bullish move we expect a drop till 0.382 Fib level that will also create an inverted H & S pattern as...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Price reached monthly resistance level again, 5 times in last 6 months. W > In its bullish move price is losing momentum while filling-in the wick of last weekly candle. We can see bearish divergence and expect a price drop...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market is moving in a rising channel. Price reached support of channel coinciding with monthly support. We can expect a move to the upside. W > Price dropped to test support level again in two weeks filling in the wick of...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market tested monthly resistance and after rejection dropped to test rising support trend-line. W > Price has been dropping for past 4 weeks, filling in wick of previous candle. D > Price created double bottom at daily...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market is moving in a rising wedge with few major breakouts. Price faced rejection at monthly resistance and has dropped till monthly support. W > Price has filled in last weekly candle with current drop and created double...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Price faced rejection at monthly resistance and dropped for correction, we expected correction to be near 0.382 Fib level on last monthly bullish impulse however price dropped till monthly resistance now turned supported and...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market was moving in a downward channel . Price broke out of channel to test monthly resistance level . This level had previously pushed price to downside and we expect price to get pushed down again. W > Price moved out...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market was moving in a wedge with horizontal support however price has broken the support to the downside and we will now look at downward channel as a guide. W > Inside the channel we can see Bearish Trend in a downward...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Market is respecting downward trend-line as resistance. Price reached monthly resistance coinciding with the trend-line, got rejected and dropped. We saw a W pattern, its neck also coincided with 0.618 Fib level on last...