AP17FX

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 13 Oct M > Market is moving in a rising channel. Price reached support of channel, also monthly support and faced rejection. W > Price has been moving up with rejection on both sides, it is now testing weekly resistance level. D >...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price faced rejection at monthly resistance level and dropped to complete W formation. Price is respecting downward trend-line as resistance. W > Price dropped beyond neck of W formation and started an upward move after...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market is moving in a downward channel with few breakouts. Price moved up to test previous support now turned monthly resistance and faced rejection. W > We can notice that price is facing rejection from supply zones that...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market is moving in a downward channel, price 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. Price...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market is moving in a rising channel. Price tested monthly support, faced rejection and started upward move. W > Price created double bottom at support level. D > We saw an M formation and as expected price moved up to...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 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 coincides with 0.618 Fib level on...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price is moving in a triangle. It moved up to test monthly resistance that had pushed price massively down last time. We saw a W formation and price dropped to test its neck and complete the formation. This level also...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 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 NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market is moving in a downward channel, price dropped from resistance of channel. W > Price tested resistance level thrice and faced rejection creating triple top. We can see a W formation and expect price to drop and test...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market is moving in a downward channel. Price broke out of channel to test monthly resistance level. This level previously pushed price to downside and we expect price to get pushed down again. Price can drop down to create...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price reached monthly resistance level, previously monthly support that had pushed price down to bearish impulse, faced rejection and started downward move. W > After rejection price dropped till 0.618 Fib level on last...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price reached monthly support/ supply zone and created W formation on its way up. Price dropped to test the neck and continued to drop further to test weekly support level. However with a huge impulse we expect a drop at...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price faced rejection at monthly resistance and has dropped for correction which we expect to be near 0.382 Fib level on last bullish impulse. We saw W formation and expected price to drop till the neck which price did and...

AP17FX

Hello Traders, Here is the Top-Down Analysis of AUDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Market reached resistance level that had pushed price way down last time, price is now moving down for correction. We can see W formation and expect drop to test the neck. Placing FIB on last monthly bullish impulse we can...

AP17FX

Hello Traders, Here is the Top-Down Analysis of SILVER - XAGUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > Price moved bullish breaking several structural levels to stop at monthly support now turned resistance and moved down for correction. After a huge impulse we expect price to retrace till 0.382 or 0.5 Fib levels on...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GOLD - XAUUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 42 - 12 Oct M > After reaching its all 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...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is moving in a rising channel. Price tested monthly support, faced rejection and started upward move. W > In its upward move price is unable to break resistance level. D > We can see an M formation and price should...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price faced rejection at monthly resistance zone and started moving downwards. Price also completed W pattern. W > Price dropped to test previous resistance now turned support and started a pullback to the upside. Price is...