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Breakdownanalysis

GBPJPY Technical Analysis 10.08.2023 1h chart– Previous Daily candle closed small Bullish at 182.820 as price consolidated during the Wednesday session across the three trading sessions. – Buys on close above 182.970 targeting 1h Resistance at 183.250, Leaving Runners to the 4h Resistance formed at 183.510. – Sells on close below 182.360 targeting 4h Support formed at 181.760, Leaving Runners to the 1h previous Resistance formed on 4th August 2023 at 181.370. – Overall price still holding Resistance and has respected the No Trade Zone from the previous Daily Analysis, so waiting for a confirmation is a Must as price continues to range.
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XAUUSD Technical Analysis 09.08.2023 1h chart– Previous Daily candle closed Bearish at 1925.200 just within the previous Daily Support formed on 11th July 2023. – Buys on close above 1929.600 targeting previous Daily Support formed at 1934.200, Leaving Runners to the 4h Strong Resistance formed at 1938.200. – Sells on close below 1922.900 targeting Monthly and Weekly Support formed in July (last month) at 1919.200, Leaving Runners to the 4h Support formed at 1914.000. – Medium impact news ahead of the New York session for 10-y Bond Auction.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 09.08.2023 1h chart– Previous Daily candle closed Bullish at 182.620 as Daily candle tapped into Daily Resistance formed on Wednesday 2nd August 2023. – Buys on close above 182.970 targeting 1h Resistance at 183.250, Leaving Runners to the 4h Resistance formed at 183.510. – Sells on close below 182.200 targeting 4h Support formed at 181.760, Leaving Runners to the 1h previous Resistance formed on 4th August 2023 at 181.370. – Price approaching strong level on the Monthly, Weekly and Daily Resistance so we could possibly see another rejection at that level.
by SalimFX20
XAUUSD Technical Analysis 08.08.2023 1h chart– Previous Daily candle closed Bearish at 1936.600 forming Daily Resistance at 1942.700. – Buys on close above 1938.500 targeting Daily Resistance formed on Monday this week, Leaving Runners to the 30min Resistance formed at 1945.700. – Sells on close below 1932.200 targeting Daily previous Support formed on 11th July 2023 at 1925.400, Leaving Runners to the Monthly Support formed on July 2023 at 1919.400. – Medium Impact News ahead of the New York session as FOMC Member Harker due to speak about the economic outlook at an event hosted by Philadelphia Business Journal.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 08.08.2023 1h chart– Previous Daily candle closed Strong Bullish at 182.060 forming Daily Support at 180.660. – Buys on close above 182.500 targeting 1h Resistance formed at 183.000, Leaving Runners to the next 1h Resistance formed at 183.250. – Sells on close below 181.910 targeting 4h previous Resistance formed on 4th August 2023 at 181.630, Leaving Runners to the 30min Support formed at 181.300. – The current Monthly retracement could be the new Weekly forming top wick before breaking the Lows.
by SalimFX20
XAUUSD Technical Analysis 07.08.2023 1h chart– Previous Weekly candle closed Bearish at 1942.600 respecting the Weekly Resistance formed previously around 1962.100. – Buys on close above 1946.400 targeting 1h Resistance at 1952.800, Leaving Runners to the next 1h Resistance formed around 1957.200. – Sells on close below 1938.800 targeting Daily Support formed on Friday at 1934.100, Leaving Runners to the 4h previous Resistance formed on 5th July 2023 at 1929.500. – Medium Impact News ahead of the New York session as FOMC Member Harker due to speak about the economic outlook at an event hosted by Philadelphia Business Journal.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 07.08.2023 1h chart– Previous Weekly candle closed weak Bearish at 180.660 leaving a Rejection at 183.240 rejecting Weekly Resistance formed on 3rd July 2023, Friday Daily candle closed Bearish but respected the Thursday Daily Low. – Buys on close above 181.340 targeting 4h Resistance at 181.660, Leaving Runners to the 4h previous Support formed on 2nd August 2023 at 182.020. – Sells on close below 180.500 targeting 4h previous Support formed on 20th July 2023 at 180.000, Leaving Runners to the 1h previous Strong Support formed on 12th July 2023 at 179.540. – Ideally is to allow the Asian session setup a new Range for the week ahead and wait for strong confirmations.
by SalimFX20
XAUUSD Technical Analysis 04.08.2023 1h chart– Previous Daily candle closed weak Bearish at 1934.200 as price ranged during the Thursday session forming a stronger Consolidation on the Hourly timeframe. – Buys on close above 1939.000 targeting the Daily previous Support formed on 28th July 2023 at 1944.300, Leaving Runners to the 4h Resistance formed at 1950.000. – Sells on close below 1931.000 targeting Daily previous Resistance formed on 5th July 2023 at 1926.000, Leaving Runners to the Monthly / Weekly Support formed at 1919.500. – High Impact News ahead of the New York session for Average Hourly Earnings m/m, Non-Farm Employment Change and Unemployment Rate, High Volatility expected during the news release.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 04.08.2023 1h chart– Previous Daily candle closed Bearish at 181.060 respecting Daily Resistance formed on Wednesday at 183.060. – Buys on close above 181.430 targeting 1h previous Support formed at 181.860, Leaving Runners to the Weekly Resistance formed at 182.230. – Sells on close below 180.510 targeting 4h previous Support formed on 20th July 2023 at 180.000, Leaving Runners to the 1h previous Strong Support formed on 12th July 2023 at 179.540. – Huge Rejection on the Weekly candle rejecting the Weekly and Monthly Resistance, would be good to see the Friday forming minor Support, then have the next weekly candle continue the Bearish momentum.
by SalimFX20
XAUUSD Technical Analysis 03.08.2023 1h chart– Previous Daily candle closed Bearish at 1934.700 respecting the Daily Resistance formed on Tuesday this week. – Buys on close above 1939.200 targeting Daily previous Support formed on 28th July 2023 at 1944.300, Leaving Runners to the 4h Resistance formed at 1950.000 ( Key Level Retest ). – Sells on close below 1933.000 targeting 4h previous Resistance formed on 5th July 2023 at 1929.300, Leaving Runners to the Daily Support formed on 11th July 2023 at 1925.200. – High Impact News ahead for the New York session, Unemployment Claims and ISM Services PMI, High Volatility expected during this session.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 03.08.2023 1h chart– Previous Daily candle closed Bearish at 182.080 forming Daily Resistance at 183.060 price respected the Weekly Resistance formed on 3rd July 2023. – Buys on close above 182.460 targeting 30min Resistance formed at 182.880, Leaving Runners to the 4h Resistance formed at 183.140. – Sells on close below 181.840 targeting 1h previous Resistance formed at 181.400, Leaving Runners to the 1h Support formed at 180.920. – High Impact News ahead of the London session / Pre New York open as Bank Of England review the interest rate, Starting with BOE Monetary Policy Report, MPC Official Bank Rates Votes, Official Bank Rate and followed by Press Conference held by Bank Of England Governor Andrew Bailey about the decision of the Bank Rate hosted at the Bank Of England in London.
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XAUUSD Technical Analysis 02.08.2023 1h chart– Previous Daily candle closed Bearish at 1944.200 forming Daily Resistance around 1965.600 closing just below the Daily Support formed on Friday last week. – Buys on close above 1948.800 targeting 4h previous Support formed at 1953.500, Leaving Runners to the 1h Resistance formed at 1957.500. – Sells on close below 1941.200 targeting 4h Support formed at 1934.800, Leaving Runners to the previous 4h Resistance formed on 5th July 2023 at 1929.300. – High Impact News ahead of the New York session for ADP Non-Farm Employment Change, High Volatility expected during the news release.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 02.08.2023 1h chart– Previous Daily candle closed weak Bullish at 183.070 as price has been consolidating across the 3 trading sessions on the lower timeframe. – Buys on close above 183.180 targeting 4h Resistance formed at 183.500, Leaving Runners to the 4h Strong Resistance formed at 183.830. – Sells on close below 182.530 targeting 30min Support formed at 182.100, Leaving Runners to the 1h previous Support formed at 181.510. – As the Tuesday Daily has ranged and 4h consolidating there could be a possible Rejection to the upside as price failing to push above, then potentially for price to retest the previous 4h Resistance formed around 181.850.
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XAUUSD Technical Analysis 01.08.2023 1h chart– Previous Daily candle closed Bullish at 1965.600 respecting Daily Support formed on Friday last week and retesting the Daily Resistance formed on Thursday last week aswell. – Buys on close above 1971.700 targeting Daily Resistance formed on 19th July 2023 at 1979.000, Leaving Runners to the 4h Resistance formed at 1984.700. – Sells on close below 1963.000 targeting 30min Support formed at 1959.000, Leaving Runners to the 4h Support formed at 1953.500. – High Impact News ahead of the New York session for the US Dollar, starting with ISM Manufacturing PMI and ISM Manufacturing Prices followed by JOLTS Job Openings, High Volatility expected .
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 01.08.2023 1h chart– Previous Daily candle closed strong Bullish at 182.530 above recent Daily Resistance formed on 24th July 2023. – Buys on close above 183.050 targeting 4h Resistance at 183.500, Leaving Runners to the 4h Strong Resistance formed at 183.830. – Sells on close below 182.140 targeting 1h previous Resistance formed at 181.510, Leaving Runners to the 1h Support formed at 180.870. – As the Monday Daily candle closed Bullish with hardly no wick at the bottom meaning also the Weekly hasn’t formed bottom wick either, So the High formed on Monday could be the Weekly retesting previous Weekly Resistance before price starts to retrace.
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XAUUSD Technical Analysis 31.07.2023 1h chart– Previous Weekly candle closed weak Bearish at 1959.300 forming weak Weekly Resistance at 1961.900, Friday Daily candle closed Bullish at 1959.400 forming Daily Support at 1945.100. – Buys on close above 1963.600 targeting 4h previous Support formed on 26th July 2023 at 1970.000, Leaving Runners to the 4h Resistance formed at 1976.800. – Sells on close below 1955.000 targeting 4h Support formed at 1949.600, Leaving Runners to the Daily Support formed on Friday at 1944.300. – Ideally is to allow the Asian session to form a new Range for the Week ahead and potentially have a higher probability trading setup around the Pre London / London open.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 31.07.2023 1h chart– Previous Weekly candle closed weak Bearish at 181.270 forming weak Weekly Resistance around 182.210, Friday Daily candle closed strong Bullish forming Daily Support at 178.360. – Buys on close above 181.850 targeting Weekly Resistance formed at 182.280, Leaving Runners to the next Weekly Resistance formed at 182.920. – Sells on close below 181.000 targeting 1h Support formed at 180.500, Leaving Runners to the 4h previous Support formed on 20th July 2023 at 180.050. – Ideally is to allow the Asian session to consolidate forming a new Weekly Range, Price could possibly Range due to the Month of July coming to an end.
by SalimFX20
XAUUSD Technical Analysis 28.07.2023 1h chart– Previous Daily candle closed strong Bearish at 1945.100 forming strong Daily Resistance at 1972.200. – Buys on close above 1950.000 targeting Daily previous Support formed on 25th July 2023 at 1954.700, Leaving Runners to the 4h previous Support formed on 25th July 2023 at 1959.400. – Sells on close below 1942.900 targeting 4h previous Resistance formed on 12th July 2023 at 1938.900, Leaving Runners to the 4h Support formed at 1934.600. – High Impact News ahead for the US Dollar during the New York session, starting with Core Price Index m/m and Employment Cost index q/q followed by Revised UoM Consumer Sentiment.
OANDA:XAUUSD
by SalimFX20
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GBPJPY Technical Analysis 28.07.2023 1h chart– Previous Daily candle closed Strong Bearish at 178.370 breaking below Daily Support formed on 13th July 2023. – Buys on close above 179.000 targeting Daily previous Support formed on 13th July 2023 at 179.690 for a retest, Leaving Runners to the Daily previous Support formed on Friday 1st July 2023 at 180.150. – Sells on close below 177.780 targeting 1h Support formed on 15th June 2023 at 177.290, Leaving Runners to the 1h Support formed on 14th June 2023 at 176.750. – High Impact News ahead for the Japanese Yen over the Asian session as Bank Of Japan decide on future Interest Rate, Starting with BOJ Outlook Report, Monetary Policy Statement and BOJ Policy Rate, followed by BOJ Press Conference, High Volatility expected during the event.
by SalimFX20
XAUUSD Technical Analysis 27.07.2023 1h chart– Previous Daily candle closed Bullish at 1972.200 closing below Daily Resistance formed on Wednesday 19th July 2023 and respecting Daily Support formed on Tuesday this week aswell. – Buys on close above 1977.600 targeting 1h Resistance formed at 1983.000, Leaving Runners to the Monthly Resistance formed in May 2023 at 1989.600. – Sells on close below 1966.700 targeting 1h Support formed at 1962.200, Leaving Runners to the 1h Support formed at 1956.600. – High Impact News ahead of the New York session for the US Dollar, We have Advance GDP q/q and Unemployment Claims followed by Advance GDP Price Index q/q, Core Durable Goods Orders m/m, Durable Goods Orders m/m and Pending Home Sales, High Volatility expected during this session.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 27.07.2023 1h chart– Previous Daily candle closed Bearish at 181.410 within the recent Daily Range forming a minor Resistance at 181.730. – Buys on close above 181.860 targeting 4h Resistance at 182.280, Leaving Runners to the 1h Resistance at 182.540. – Sells on close below 181.030 targeting 4h previous Resistance formed on 20th July 2023 at 180.570, Leaving Runners to the Daily Support formed on Friday 21st July 2023 at 180.150. – Daily and 4h has been consolidating this week as the current Weekly candle respecting the previous Weekly High.
by SalimFX20
XAUUSD Technical Analysis 26.07.2023 1h chart– Previous Daily candle closed strong Bullish at 1964.800 forming Daily Support at 1954.500 as price respects the Daily Support formed last Tuesday the 18th July 2023. – Buys on close above 1967.600 targeting 4h Resistance at 1973.400, Leaving Runners to the Daily Resistance formed at 1978.900. – Sells on close below 1961.300 targeting 1h Support formed at 1956.700, Leaving Runners to the 30min Support formed at 1953.500. – High Impact News ahead of New York session for US Dollar to review the interest rate, We have FOMC Statement, Federal Funds Rate followed by the FOMC Press Conference, High Volatility expected.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 26.07.2023 1h chart– Previous Daily candle closed small Bullish at 181.730 forming Daily Support at 181.370 – Buys on close above 181.930 targeting 4h Resistance at 182.280, Leaving Runners to the 1h Resistance formed at 182.540. – Sells on close below 181.590 targeting 4h Support at 181.250, Leaving Runners to the next 4h Support at 180.950. – Ideally is to wait for price to break out of the zone during High Volume session like Pre London / London Open leading to NY session.
by SalimFX20