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Breakdownanalysis

GBPJPY Technical Analysis 07.11.2023 1h chart– Previous Daily candle closed Bullish at 185.180 leaving a Rejection wick around 185.970. – Buys on close above 185.570 targeting 1h Resistance around 185.910, Leaving Runners to the Daily Resistance formed on 22nd August 2023 around 186.420. – Sells on close below 185.030 targeting 1h Support formed around 184.730, Leaving Runners to the Monthly previous Resistance formed on September 2023 around 184.350. – There is a high probability for the weekly candle to break its own low to form a bottom wick as the Monday Daily candle rejects the upside.
by SalimFX20
XAUUSD Technical Analysis 06.11.2023 1h chart– Previous Weekly candle closed small Bearish at 1992.500 forming Weekly Resistance around 2006.200, Friday Daily candle closed small Bullish forming a Rejection wick to the upside. – Buys on close above 1995.300 targeting 4h Resistance around 2000.500, Leaving Runners to the Daily Resistance formed on Tuesday 31st October 2023 around 2006.200. – Sells on close below 1990.300 targeting 4h Support around 1985.600, Leaving Runners to the next 4h Support formed around 1981.600. – Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 06.11.2023 1h chart– Previous Weekly candle closed strong Bullish at 184.770 forming Strong Weekly Support around 181.280, Friday Daily candle also closed strong Bullish breaking above Daily Resistance formed on Wednesday 1st November 2023. – Buys on close above 185.020 targeting Daily Resistance formed on 6th September 2023 around 185.540, Leaving Runners to the Daily Resistance formed on 31st August 2023 around 185.950. – Sells on close below 184.480 targeting Daily previous Resistance formed on 1st November 2023 around 184.210, Leaving Runners to the 1h previous Resistance formed on 2nd November 2023 around 183.740. – Ideally is to allow the Asian session to consolidate forming a new range for the new weekly candle.
by SalimFX20
XAUUSD Technical Analysis 03.11.2023 1h chart– Previous Daily candle closed small Bullish around 1986.100 forming weak Daily Support around 1982.300. – Buys on close above 1990.500 targeting 1h previous Support formed around 1995.600, Leaving Runners to the 1h Resistance formed around 2002.500. – Sells on close below 1981.200 targeting 4h Support formed around 1977.200, Leaving Runners to the Daily Support formed around 1970.900. – High Impact News ahead of the New York session for the US Dollar, Starting with Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, followed by ISM Services PMI. High Volatility expected.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 03.11.2023 1h chart– Previous Daily candle closed small Bullish at 183.580 forming weak Daily Support around 183.420 as price continue to range on the 4h timeframe. – Buys on close above 183.730 targeting Daily Resistance formed around 184.220, Leaving Runners to the 4h Resistance around 184.640. – Sells on close below 182.940 targeting 4h previous Resistance formed around 182.500, Leaving Runners to the 30min Support formed around 182.040. – Ideally is to wait for price to break and close out of the No Trade Zone during high volume time, Pre London / London open is expected to have decent volume.
by SalimFX20
1
GBPJPY Technical Analysis 02.11.2023 1h chart– Previous Daily candle closed Bearish around 183.410 forming new Daily Resistance around 184.210. – Buys on close above 183.620 targeting 1h Resistance formed around 183.990, Leaving Runners to the Daily Resistance formed around 184.300. – Sells on close below 182.940 targeting 4h previous Resistance formed around 182.500, Leaving Runners to the 30min Support formed around 182.040. – High Impact News ahead of the London session / Pre New York session open for the Pound Sterling, Starting with BOE Monetary Policy Report, Monetary Policy Summary, MPC Official Bank Rate Votes, followed by a Press Conference hosted by Bank Of England Governor Andrew Bailey to discuss their decision on the interest rate, High Volatility expected.
by SalimFX20
XAUUSD Technical Analysis 01.11.2023 1h chart– Previous Daily candle closed Bearish around 1983.800 respecting Daily Resistance formed on Monday, October Monthly candle closed extremely Bullish breaking and closed above Monthly Resistance formed in August 2023 closing just below Monthly Resistance formed in May 2023, Forming Strong Monthly Support around 1848.000 – Buys on close above 1987.000 targeting 1h previous Support formed at 1992.200, Leaving Runners to the 4h Resistance formed around 1997.200. – Sells on close below 4h previous Resistance formed on 25th October 2023 around 1974.700, Leaving Runners to the Daily Support formed around 1970.600. – High Impact News ahead of the US Dollar, starting with ADP Non-Farm Employment Change, ISM Manufacturing PMI, JOLTS Job Openings and ISM Manufacturing Prices, Later on the day we have Federal Funds Rate, FOMC Statement followed by FOMC Press Conference. High Volatility expected.
OANDA:XAUUSD
by SalimFX20
1
GBPJPY Technical Analysis 01.11.2023 1h chart– Previous Daily candle closed strong Bullish around 184.230 breaking above the Weekly recent Consolidation Zone, October Monthly candle also closed Bullish forming Monthly Support around 182.440 leaving a Rejection wick at 178.050. – Buys on close above 184.640 targeting 1h Resistance formed on 6th September 2023 around 185.170, Leaving Runners to the Daily Resistance formed around 185.550. – Sells on close below 183.840 targeting 1h Support formed around 183.180, Leaving Runners to the 4h previous Resistance formed around 182.500. – Ideally is to wait for price to break out of the range during high volume time as October Monthly candle closed with no wick at the top and we also have new Monthly candle for November opening.
by SalimFX20
XAUUSD Technical Analysis 31.10.2023 1h chart– Previous Daily candle closed Bearish around 1996.200 forming Daily Resistance around 2006.200. – Buys on close above 2001.000 targeting Daily Resistance formed around 2006.200, Leaving Runners to the 4h Resistance formed on 16th May 2023 around 2012.200. – Sells on close below 1993.400 targeting previous Monthly Resistance formed in May 2023 at 1989.600, Leaving Runners to the 1h previous Resistance formed around 1983.600. – High Impact News ahead of the New York session starting with Employment Cost Index q/q, CB Consumer Confidence, followed by S&P/CS Composite- HPI y/y and Chicago PMI. High Volatility expected.
OANDA:XAUUSD
by SalimFX20
3
GBPJPY Technical Analysis 31.10.2023 1h chart– Previous Daily candle closed Doji Bullish around 181.370 as price consolidate in the 4h timeframe. – Buys on close above 181.490 targeting 4h Resistance formed around 181.890, Leaving Runners to the Daily Resistance formed around 182.290. – Sells on close below 180.890 targeting 1h Strong Support formed on 5th October 2023 around 180.570, Leaving Runners to the 4h Support formed around 180.210. – High Impact New ahead of the Asian session for the Japanese Yen, Starting with BOJ Outlook Report, BOJ Policy Rate, Monetary Policy Statement followed by BOJ Press Conference, High Volatility expected.
by SalimFX20
XAUUSD Technical Analysis 30.10.2023 1h chart– Previous Weekly candle closed Bullish around 2006.000 breaking above Strong Key Level (2000.000), Friday Daily candle also closed Bullish breaking out of the recent Daily Consolidation Zone – Buys on close above 2010.000 targeting Weekly Resistance formed on 8th May 2023 around 2017.000, Leaving Runners to the Weekly High formed on 15th May 2023 around 2022.400. – Sells on close below 2002.100 targeting 30min previous Resistance formed on 20th October 2023 around 1997.000, Leaving Runners to the 4h previous Resistance formed around 1992.300. – Ideally is to allow price to form a new Range for the new Weekly candle, Also the Monthly candle closing on Tuesday 31st so price could possibly Range, Strong Confirmation for an Entry and Risk Management is a Must.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 30.10.2023 1h chart– Previous Weekly candle closed Bearish at 181.280 forming Weekly Resistance around 182.180 within the Weekly Range, Friday Daily candle also closed Bearish breaking below recent Daily Support. – Buys on close above 181.460 targeting 1h Resistance formed around 181.810, Leaving Runners to the next Hourly Resistance formed around 182.070. – Sells on close below 181.040 targeting Weekly Support formed around 180.660, Leaving Runners to the Weekly Support formed on 4th October 2023 around 180.210. – Ideally is to allow price to consolidate during the Asian session to set up new range for the new Weekly candle and wait for High Volume time for London / NY session.
by SalimFX20
XAUUSD Technical Analysis 27.10.2023 1h chart– Previous Daily candle closed Bullish around 1984.900 closed above Daily Resistance formed on Monday this week. – Buys on close above 1987.200 targeting 1h Resistance formed around 1992.500, Leaving Runners to the previous Weekly High to fill the wick around 1997.600. – Sells on close below 1978.900 targeting 30min Support around 1973.300, Leaving Runners to the Monthly previous Resistance formed in August 2023 around 1966.200. – High Impact News ahead of the New York session for the US Dollar, Core PCE Price Index m/m and Revised UoM Consumer Sentiment.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 27.10.2023 1h chart– Previous Daily candle closed Bullish around 182.280 forming Daily Support around 181.870 rejecting the 181 level. – Buys on close above 182.600 targeting 1h Resistance around 183.000, Leaving Runners to the Daily Resistance formed around 183.370. – Sells on close below 181.930 targeting 1h Support formed around 181.450, Leaving Runners to the 4h Support formed around 181.100. – Medium Impact News ahead of the Pre Asian session for the Japanese Yen, Tokyo Core CPI y/y forecasted to remain the same at 2.5%.
by SalimFX20
XAUUSD Technical Analysis 26.10.2023 1h chart– Previous Daily candle closed Bullish around 1980.000 forming Daily Support around 1970.900 as price ranges within the Daily timeframe. – Buys on close above 1985.600 targeting 30min Resistance around 1991.800, Leaving Runners to the previous Weekly High to fill the wick around 1997.600. – Sells on close below 1970.600 targeting 30min Strong Support formed around 1963.200, Leaving Runners to the 1h previous Resistance formed around 1957.200. – High Impact News ahead of the New York session for the US Dollar, starting with Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, followed by Core Durable Goods Orders m/m, Durable Goods Orders m/m, FOMC Member Waller speaking at Economics of Payments XII Conference and Pending Home Sales m/m.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 26.10.2023 1h chart– Previous Daily candle closed small Bearish around 181.870 as price back trading within the Daily Consolidation Zone formed last week. – Buys on close above 182.130 targeting 4h Resistance around 182.440, Leaving Runners to the 1h previous Support formed around 182.900. – Sells on close below 181.620 targeting 4h Support formed around 181.380, Leaving Runners to the 4h Support formed around 181.100. – It is extremely important to wait for strong confirmation as price back trading within the Daily Range formed last week, Targets for Buys and Sells have both been adjusted accordingly.
by SalimFX20
XAUUSD Technical Analysis 25.10.2023 1h chart– Previous Daily candle closed Doji Bearish around 1971.000 forming a Rejection wick to the downside. – Buys on close above 1981.000 targeting 30min Resistance formed around 1986.800, Leaving Runners to the 1h Resistance formed around 1991.800. – Sells on close below 1969.000 targeting 30min strong Support formed around 1963.200, Leaving Runners to the 1h previous Resistance formed on 18th October 2023 around 1957.200. – High Impact News ahead of the New York session for the US Dollar starting with New Home Sales, Later on the day we have Fed Chair Powell due to deliver opening remarks at the Moynihan Lecture in Social Science and Public Policy in Washington DC.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 25.10.2023 1h chart– Previous Daily candle closed strong Bearish around 182.210 forming strong Daily Resistance around 183.310. – Buys on close above 182.520 targeting 1h previous Support formed around 182.900, Leaving Runners to the Daily Resistance formed on Tuesday this week around 183.310. – Sells on close below 182.050 targeting 4h Support formed around 181.760, Leaving Runners to the 1h Support formed around 181.500. – Ideally is to allow the Asian session to range allowing the new Daily candle to retrace forming top wick before breaking the previous Daily Low for the continuation to the downside.
by SalimFX20
XAUUSD Technical Analysis 24.10.2023 1h chart– Previous Daily candle closed Bearish around 1972.700 forming Daily Resistance around 1981.000. – Buys on close above 1981.700 targeting 15min Resistance around 1986.800, Leaving Runners to the 1h Resistance formed around 1991.800. – Sells on close below 1970.300 targeting 4h Support formed around 1966.000, Leaving Runners to the previous 15min Resistance formed around 1959.900. – High Impact News ahead of the New York session for the US Dollar, starting with Flash Manufacturing PMI and Flash Services PMI, followed by Richmond Manufacturing Index.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 24.10.2023 1h chart– Previous Daily candle closed Strong Bullish around 183.310 breaking out of the Daily Range formed last week. – Buys on close above 183.440 targeting 4h Resistance formed around 183.720, Leaving Runners to the Daily Resistance formed around 184.180. – Sells on close below 182.940 targeting previous Daily Resistance formed on 17th October 2023 around 182.630, Leaving Runners to the 30min Support formed around 182.330. – High Impact News ahead at the Pre London session starting with Claimant Count Change, followed by Flash Manufacturing PMI and Flash Services PMI during the London session.
by SalimFX20
1
XAUUSD Technical Analysis 23.10.2023 1h chart– Previous Weekly candle closed strong Bullish around 1980.900 breaking and closing above multiple previous Weekly Resistances, Friday Daily candle closed small Bullish forming a Rejection wick to the upside. – Buys on close above 1984.800 targeting 1h Resistance around 1991.800, Leaving Runners to the 30min Resistance formed around 1997.300. – Sells on close below 1972.500 targeting Previous Monthly Resistance formed in August 2023 around 1965.500, Leaving Runners to the 15min Previous Resistance formed around 1959.900. – Ideally is to allow price to consolidate during the Asian session forming a new range for the new week ahead.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 23.10.2023 1h chart– Previous Weekly candle closed Bullish at 182.200 forming Weekly Support around 181.170, Friday Daily candle closed Bullish forming Daily Support around 181.820. – Buys on close above 182.350 targeting 4h Resistance around 182.720, Leaving Runners to the 30min Resistance around 183.140. – Sells on close below 181.400 targeting 4h Support around 181.100, Leaving Runners to the Weekly Support formed around 180.660. – On the previous week, Daily candles have been ranging between 181.100 to 182.600 hence why the No Trade Zone is much larger than usual, Ideally is to allow the Asian session to form a new range ahead for the new Weekly candle and wait for price to break out during high volume time using strong confirmation.
by SalimFX20
XAUUSD Technical Analysis 06.10.2023 1h chart– Previous Daily candle closed weak Bearish around 1820.200 as price still ranging withih the 4h timeframe prior to NFP this Friday. – Buys on close above 1829.200 targeting 1h Strong Resistance formed around 1837.700, Leaving Runners to the next Hourly Strong Resistance formed around 1845.000. – Sells on close below 1815.500 targeting Weekly Support formed at 1810.500, Leaving Runners to the Daily Support formed at 1803.500. – High Impact News ahead of the New York session for the US Dollar, starting with Average Hourly Earnings m/m and Non-Farm Employment Change, followed by Unemployment Rate and FOMC Member Waller speaks later on the day. High Volatility expected during the news release.
OANDA:XAUUSD
by SalimFX20