AP17FX

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > After facing rejection at monthly support price moved up to test resistance level. Between these two levels price had created range in past. After a huge drop we expect a correction at least till 0.382 Fib level on last...

AP17FX

Hello Traders, Here is the Top-Down Analysis of CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Market is moving in a downward channel. Price faced rejection at resistance level of trend line creating double top and moved down. W > Price dropped to test weekly support and faced rejection. This support also coincided...

AP17FX

Hello Traders, Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Market reached monthly resistance which is also a major structural level (last touch was in Sept 2018) that has pushed price to the downside on each occasion. Hence we can expect a drop. W > Price dropped to complete W...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Price dropped till monthly support level that has pushed market to the upside in past. W > Price moved up to test the neck of M and complete the formation. D > We saw an M formation in Daily Chart providing us next...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Market is moving in a well respected horizontal structure (of course with minor breakouts). Price moved up to test structural resistance and dropped till monthly support to face rejection again. While dropping each month...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Price faced rejection at monthly resistance level, creating double top and started moving downwards. Price also completed W pattern. W > Price dropped to test previous resistance now turned support and started a pullback to...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Market is respecting downward resistance trend-line. Price faced rejection at resistance level and moved down. Price dropped to complete W formation. W > We saw an M formation and expected price to rise up to test the neck...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Price is respecting downward trend-line as resistance. It reached monthly resistance coinciding with the trend-line, got rejected and moved to the downside. We saw a W pattern, its neck also coincided with 0.618 Fib level on...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Market is moving in a wedge with horizontal support. Price has broken through support but unable to sustain longer having faced an upward rejection mostly within the same day. W > Inside the wedge we can see Bearish Trend...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Price is moving in a triangle. It moved up to test monthly resistance that coincides with monthly supply zone and resistance of triangle trend-line. We saw a W formation and price dropped to test its neck and complete the...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Price has downward move supported by a downward resistance line. We can see two W patterns and this provides us two targets to the downside. Both targets are near 0.382 and 0.618 Fib levels on last monthly bullish...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GOLD - XAUUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > After reaching its all time high and ending the said month in Doji price pulled back for correction. After massive impulse we expect price to correct at least till 0.382 FIB level on last monthly impulse. Price did...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of USDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > After facing rejection at monthly support price moved up to test resistance level. Between these two levels price had created range in past. After a huge drop we expect a correction at least till 0.382 Fib level on last...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of EURAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price dropped to monthly support level and after rejection started upward move to reach and test monthly resistance level. W > Price created W formation and as expect it dropped to test neck and complete the formation. D >...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price reached monthly resistance, got rejected and moved to the downside. We saw a W pattern and price came down to test the neck and complete the pattern. W > We can see an M formation and now expect price to move up to...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price faced rejection at monthly resistance level and dropped to complete W formation. Price should move upward now. W > Price dropped beyond neck of W formation with and next week showed reversal with bullish candle. D >...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price reached monthly resistance level that had pushed price down to bearish impulse, faced rejection and started downward move. W > After facing rejection at resistance level price had pulled back and stayed in...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 40 - 30 Sept M > Market is moving in a downward channel and price has dropped from resistance level of the channel completing the W formation. W > Price dropped to test monthly support, faced rejection and moved to test weekly resistance....