Looking at AUDJPY, We have a pivotal moment at current price of 97.25 . A push to it-and-through it , will find bulls taking the lead out the gates for continued bullish momentum, However, eager and more experienced traders find themselves awaiting the better prices off the lows of 96.70s in order to target the full reversal push all the way to 98s . The...
Clean price action off 0.9385 sees us grabbing a sharp Marobuzo candle on the daily, allowing us to anticipate an upturn ahead for any limited buy stops ultimately pushing bearish yet again.
EURJPY sees a rejection off 159.980 acting as a temporary dip. Hourly suggests a downside move into a much better buying opportunity at more sustainable prices for the uptrend continuation.
Overall bullish trend for Cable, which has presented a correction opportunity off the daily. Moving lower implies an obtuse support to break, making it a tough call for further downside potential. Longs of current 1.27200 allocates very poor risk to reward - this implies a better ratio off buying the impending dip toward 1.26700 .
EURCAD finds a choppy trading condition set ahead for a while, One of the least popular FX pairs - for good reason. This correlation toward the USD/SGD and EUR/USD finds another confirmation off my initial two part EURUSD Theory posted earlier. Links Below
Initial Part 1. Retail induced into sells with buy stops resting above consolidation area. ----- Further consolidation has shifted the overall sentiment since the first update, this comes as obvious supports are now being positioned, a higher sentiment sees more longs accumulating overall.
Theory of future outcome - EURUSD. Retail induced into sells with buy stops resting above consolidation area
USDJPY Seeking a pullback into buying territory around lower 144.890 zone . A third test of resistance at 146.430 could see price fail for a break higher and instead pull orders off 144.890 zone which would be an optimal entry for a long toward 146.450 again - this time allowing price to trend for its weekly target of 147.250.
Imbalance of order flow finds NAS breaking lower if 15325.0 previous demand fails. This would essentially have price filling orders for the upside move to 15706.0
NAS100 looking for break into daily highs, momentum of shorts orders above 15367.0 will see a tap into 15 711.00 a bargain of a price ahead of major correction
A price break above 34510.50 sees Dow begin targeting 34830.0 as the first liquid zone. a further push could see us sitting for a previous week high at 35645.0 set as our target level.
Mid week break of daily high structure at 1.27520 finds buyers rushing into longs. Depending on the extension into previous range high of 1.27710 we could find price repeat the similar situation clearing out long order stops as we transition toward a discount price zone instead at around 1.2599 which is also highlighted as a strong structure swing low.
Quick scalp off XAU toward 1900 key level. Playing out on early 1913's for liquidity grab.
Bullish sentiment sees DJIA shifting into the higher 33000s. The overall market sentiment for the top 30, is exceptionally bullish. Market Makers will drive prices down fuelled by stops and relatively quickly at that. Looking deeper, we find that lower timeframes suggest a move to the upside, however, the larger timeframes point to a retest of early...
USDCAD meets its first monthly resistance test at 1.37900 since breaking through around a staggering two years ago (9 March 2020). Although the following weekly resistance at 1.46294 gave way for USDCAD to dip back below its first breakout of 1.37900 halting any further upswings. My only concern is a scenario where price gains enough bullish strength and...
GBPUSD - IIntraday short toward weekly zone of 1.11250 as downtrend continues off the break of monthly zone 1.2150. We are taking this as an intraday trade, bagging 50 Pips along the way. Pending Sell Stops in place - Trailing by 30 Pips.
I had an analysis completed back on 06 August 2021 Idea shared but taken off for the rules - error on my part. Anyway - Self explanatory. The long-term view for XAUUSD toward 2104.0 Breakdown of Gold thoroughly explained before hand.
A minor intraday move expected, as price taps into 0.68500 zone acting as weekly support ideally with 0.70000 as a monthly target. as this is a minor move, XAU price will need to continue finding support at 1700.00 - first; confirming, in line with AUDUSD toward the monthly target zone of 0.70000 Order is set as a pending buy stop. We will thus aim for a third...