AP17FX

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Price was respecting downward resistance trend-line however it broke trend-line to the upside, it will now act as support. We can see two W patterns, both below the trend-line as off now. We will have these two targets, both...

AP17FX

Hello Traders, Here is the Top-Down Analysis of DXY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 48 - Nov 23 M > Price dropped till monthly support, faced rejection and started bullish move. After a huge bearish dump we expect price to retrace for correction till at least 0.382 Fib level on month bearish impulse. Price is yet to reach...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 46 - Nov 09 M > Market is respecting downward trend-line as resistance. Price reached monthly resistance coinciding with the trend-line, got rejected and moved to the downside. We saw a W pattern, its neck also coincided with 0.618 Fib...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 46 - Nov 09 M > Price was respecting downward resistance trend-line however it broke trend-line to the upside, it will now act as support. We can see two W patterns, both below the tren-line as off now. We will have these two targets, both...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 46 - Nov 09 M > Market is moving in a range of about 400 pips. Price has dropped to test weekly support 4 times in past 4 months. W> We see an M formation from June 2020 that price has not completed yet. However to compete the formation...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 46 - Nov 09 M > Price has dropped to test monthly support again, for the third time in past 4 months. W > Placing Fib on last bullish impulse we can see that price has already dropped till -0.272 Fib level. We can expect correction to the...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 46 - Nov 09 M > Market was moving in a wedge with horizontal support however last week price broke 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 CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 46 - Nov 09 M > Market is moving in a downward channel. Price faced rejection at resistance level of trend-line creating double top and moved down. W > Price dropped to test weekly support and faced rejection. This support also coincided...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Price is respecting downward trend-line as resistance. It faced rejection at resistance level and completed W formation, it continued to drop to test monthly support. W > After dropping to complete W formation price pulled...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Price faced rejection at monthly resistance and dropped for correction, we expect correction to be near 0.382 Fib level on last bullish impulse. We saw a W formation and expected price to drop till the neck which price did...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Market is moving in a downward channel, price tested resistance of channel and dropping after rejection. Price has already dropped till 0.382 Fib level on monthly bullish impulse. W > Price tested resistance level thrice...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Market is moving in a well respected horizontal structure (of course with minor breakouts). Price moved up to test structural resistance and dropped till monthly support to face rejection again. While dropping each month...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Price is respecting downward trend-line as resistance. It reached monthly resistance coinciding with the trend-line, got rejected and moved to the downside. We saw a W pattern, its neck also coincided with 0.618 Fib level on...

AP17FX

Hello Traders, Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Market is moving in a downward channel. Price faced rejection at resistance level of trend-line creating double top and moved down. W > Price dropped to test weekly support and faced rejection. This support also coincided...

AP17FX

Hello Traders, Here is the Top-Down Analysis of SILVER - XAGUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Price moved bullish breaking several structure levels to stop at monthly support now turned resistance and moved down for correction. After a huge impulse we expect price to retrace till 0.382 or 0.5 Fib levels on...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GOLD - XAUUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > After reaching its all time high and ending the said month in Doji price pulled back for correction. After massive impulse we expect price to correct at least till 0.382 FIB level on last monthly impulse. Price did...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Market is moving in a wedge with horizontal support. Price has broken through support on several occasion but has not been able to sustain the downfall facing an upward rejection. Price has broken support last week again. W...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Market is moving in a triangle. It moved up to test monthly resistance that coincides with monthly supply zone and resistance of triangle trend-line. We saw a W formation and price dropped to test its neck and complete the...