weekendanalyst

weekendanalyst Updated 

AUDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish Engulfing Candle (Daily) - Stochastics Overbought Condition (1D) - Rejection of 50% Fibo line - Rejection of Horizontal Trendline (since Feb 2018) - Price action reversed against Resistance of the Parallel Channel - Fundamentally, AUD is pressured downwards with the growth concerns...

weekendanalyst Updated 

EURCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candles formation - Price rejected Resistance Trendline (since May 18) - Horizontal Resistance Trendline (38% Fibo level) strong - Price broke the Short Term Trendline (since Sept 18) - Stochastic Overbought momentum - Fundamentally, Italy supposed to provide EU with a revised budget...

weekendanalyst Updated 

EURJPY Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Reversed against the Fibo Retracement 50% line - Fundamentally, Italy's budget story has yet to be solved, EU-Italy discussion continues this week; expecting further volatility. In addition to that, higher chance of Democrats taking over the House...

weekendanalyst Updated 

GBPJPY Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Strong Selling area (since June 18, price has been sold down from this area) - Fundamentally, yet to see actual progress in Brexit negotiations; so far all we are hearing are reports are saying this and that. Add on, a risk off play may be likely...

weekendanalyst Updated 

GBPUSD Timeframe: 1D Direction: Short Confluences for Trade: - Waning momentum in demand for GBP - Price action bounced off resistance line (since September 2018) - Stochastic Overbought momentum (1D and H4) - Breaking steep S/T Trendline - Fundamentally, Brexit uncertainty still remains in both negotiation between EU and UK; reports of good news for...

weekendanalyst Updated 

EURGBP Timeframe: 1D Direction: Long Confluences for Trade: - Price close to support of Parallel Channel - Price close to Horizontal Support Trendline (since May 18) - Stochastic Overbought momentum (D1 & H4) - Gap between 8EMA and 50EMA very wide - Fundamentally, Brexit story continues. Suggested Trade: Entry @ Area of Interest 0.8660 - 0.8715 SL: ...

weekendanalyst Updated 

AUDUSD Timeframe: 1D Direction: Short Confluences for Trade: - Price action at 23% Fibo level - Price action at a Short-Term Resistance Trendline - Price action at a Horizontal Trendline - It needs alot of positive fundamentals to push the AUD up further for now - Pair recently broke out from a triangle, likely to retrace and test back the triangle...

weekendanalyst Updated 

AUDJPY Timeframe: 1D Direction: Short Confluences for Trade: - Price action at 38% Fibo levels - Price action at resistance line of parallel channel - Stochastic Overbought momentum (D1, H4 & H1) However, do note that this is a short-term trade idea. Suggested Trade: Entry @ Area of Interest 82.30 - 83.00 SL: 83.67 TP: 80.89 RR: Approx. 2.02...

weekendanalyst Updated 

NZDUSD Timeframe: 1D Direction: Short Confluences for Trade: - Price Action at 38% of Fibo levels - Price action at a Horizontal Trendline (Resistance) - It needs alot of positive fundamentals to push the NZD up further for now - Pair recently broke out from a triangle, likely to retrace and test back the triangle support - Stochastic Overbought momentum...

weekendanalyst Updated 

GBPUSD Timeframe: 1D Direction: Long Confluences for Trade: - Strong bullish candles setup - Broke out of Parallel Channel - Start of turn from previous mentioned Gartley Pattern - Breaking a previous Resistance Trendline (formed on 20 Sept 2018) - Fundamentally, market priced in continuous bad news for Brexit. The chance for positive news from Brexit is...

weekendanalyst Updated 

USDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency, strongly defended at 7.85 (Limited risk; any break above the 7.85 levels is gonna be a crisis issue) - Stochastic Overbought momentum - Not directly related but Double Top Resistance for the DXY, helps support the drop in USD strength Suggested Trade: Entry @ Area of...

weekendanalyst Updated 

EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Price at Support of Parallel Channel - Formed a Double Bottom Support - Stochastic Oversold momentum - Inside bar was formed yesterday - Fundamentally, a week full of data in play with EU GDP (today) and also the highly anticipated US employment report on Friday. Stay light. Suggested...

weekendanalyst Updated 

USDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Approaching Double Top Resistance to create Triple Top - Stochastic Overbought momentum (Weekly and Daily Charts) Look for ST trendline break in the internal triangle to get further confirmation as currently, the market situation is very volatile. Suggested Trade: Entry @ Area of Interest...

weekendanalyst Updated 

AUDSGD Timeframe: 1D Direction: Long Confluences for Trade: - Bearish candle formation (Pin bar formation) - Slowing in weakening momentum - A rough Elliot Wave count should have current price levels completed a Wave 3 and may head upwards to do a Wave 4. - Double bottom formed recently - A second double bottom may form, look out for it's formation at...

weekendanalyst Updated 

GBPUSD Timeframe: 1D Direction: Long Confluences for Trade: - Gartley Pattern Formation almost completed - Stochastic Oversold momentum in both (H4 and 1D) - Gap between 8EMA and 50EMA is quite wide, should narrow back - Fundamentally, despite Brexit uncertainty, there was a glimpse of positivity that the Tories want to stand behind Theresa May and get...

weekendanalyst Updated 

EURJPY Timeframe: H4 Direction: Short Confluences for Trade: - Price Action at Resistance of Parallel Channel - Price Action bouncing off 50 EMA line - Stochastics close Overbought momentum - Fundamentally, jittery concerns about EU's disapproval of Italy's budget plan; JPY likely to gain with such issues and adding on Jamal Khashoggi's death creating...

weekendanalyst Updated 

AUDJPY Timeframe: H4 Direction: Long Confluences for Trade: - Stochastic Oversold momentum - Close to Strong Resistance of L/T Trendline (since May 2016) - S/T Triple Bottom Formed Suggested Trade: Entry @ Area of Interest 79.12 -79.85 SL: 78.62 TP: 81.14 RR: Approx. 2.00 (Depending on Entry Level) May the pips move in our favor! Good luck!...

weekendanalyst Updated 

USDCAD Timeframe: H4 Direction: Short Confluences for Trade: - Price at Resistance of MT Trendline (Since June 2018) - Price at Resistance of Asymmetric Triangle - Price at 78.6% Fibo Retracement levels - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 1.3055 - 1.3148 SL: 1.3233 TP: 1.2858 RR: Approx. 1.80 (Depending on Entry...