GBP/JPY - 01/11/2021GBP/JPY (H4) - currently trapped in this consolidation ranging between resistance of 156.689 and support of 155.993. We do have a major level of support from the daily that is failing to break. If we do manage to close below support we could see price start to sell off quite aggressively however if not we will be looking for buys above 156.689
Forex-analysis
XAU/USD [H4]Hello every body.Hope every thing is O.K.
As the price has broken the uptrend channel, It might have started a down trend ,so we should find suitable SHORT positions.
And according to Fibonacci levels and support & resistance area,TP1=1765 and TP2=1755 could be set.
If the price goes back in to the uptrend channel and closes the candle price in the channel,the analysis will fail and we can set the SL there.
Have a good time.
Amiran
1NCH WILL BE MORE LIKE 9INCH VERY SOON!! BUY 1NCHUSDT1inch is making a deeper pullback and that is likely to continue all the way to the previous structure resistance which should now act as a support and should be enough to resume the uptrend. The market is currently forming a short term sell setup so we should probably expect some downside in the next couple days before we finally start heading to the sky
NZD/JPY Signal - JPY Tokyo Consumer Price Index - 29 Oct 2021NZD/JPY has corrected after a strong push to the upside. JPY Tokyo Consumer Price Index data just released data, which came out negative. Technically the pair is holding the support trendline and we are looking for continued upside into the 83.00 level.
NZDJPY has a bullish seasonal tendency through to the end of the year.
NZD/JPY Signal - NZD Credit Card Spending - 21 Oct 2021NZD/JPY has traded into a 4 year high prior to the NZD Credit Card Spending data. Technically the Daily chart RSI is oversold, and the 1h chart rsi has bearish divergence. We have just exited our buy trade, and are now looking to reverse our position!
USD/CAD - 20/10/2021(H4) - USD/CAD looking very bearish right now, we failed to hold below support of 1.23465 however soon as we came back up to that trendline price hit traffic attempting to push higher and failing. We have multiple wick rejections, indecision on the bearish trend and now we have seen that bearish push. Looking for targets down to 1.23202
(M15) - USD/CAD already broken structure of 1.23465, just need to wait for some kind of pullback now to look for entries with targets down to 1.23137
GBP/USD - 20/10/2021(H4) - GBP/USD looking like it has just created that higher low. We will need to see a higher high to confirm this but I am confident enough to anticipate this as we have all the confluences lined up. As long as we break above 1.38063 then we should see a continuation up to targets of 1.38259
(M15) - GBP/USD already at structure again. Looking for that break of 1.38109 for entries up to 1.38305
GBPJPYThis is my outlook on the GBPJPY. Price is currently approaching a resistance zone which has been a strong reversal zone in the past. Probably, price may reverse at this zone depening on how it approaches and reacts from it. Therefore, we await a bearish reversal confirmation.
Thanks and good luck.
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EURAUDHere on the EURAUD, price has approached a strong support zone and is currently reacting to this zone. This may be an opportunity to Long the market as it forms a double bottom.
Thanks and good luck.
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GBPCHF Looking BearishHi traders, sorry I didn't share this in time, but here, we are expecting another correction to the upside before a break to the downside. However, this is not predictive. We'd be ready to move if the market provides another bearish condition/entry, afterwhich you are free to hold till about 90% of the correction is achieved.
THANKS AND GOOD LUCK.
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USD/CAD - 23/09/2021(H4) - USD/CAD printing bearish structure within this range, lower highs and lower lows forming looking for price to print the new lower low back down to 1.27086
(M15) - Sat on support at 1.27570 this is only an interim level however if we continue to reject this level and close below I will be looking for sells with targets back down to 1.27281
What are your thoughts? Let me know in the comments below.
GBP/USD - 23/09/2021(H4) - GBP/USD failed to hold that break and retest level of 1.36399 and now we have closed above could get a nice bounce off this for targets up to 1.36790 this also matches our correlation with GBP/JPY
(M15) - Looking for price to start developing some levels below 1.36491 and then look for an entry above with targets up to the H4 key level.
What are your thoughts? Let me know in the comments below.
GBP/JPY - 23/09/2021(H4) - After a convincing break and close below 149.317 GBP/JPY failed to hold below and closed back into structure before retesting and bouncing (break out break back in). I am anticipating price to get back up to 150.128 to complete this consolidation however, we do need to be weary as GBP/USD is looking like sells all the way last.
(M15) - Strong break above 149.804 (Known level of resistance. Starting to pull back nicely and forming a wick now as we speak. This looks like a perfect entry back up to 150.116. We also have our LTF trendline which price recently bounced off forming that cup and handle pattern - eyes on M5 for buys!
What are your thoughts? Let me know in the comments below.