AP17FX

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of GBPAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is moving in a triangle and it tested monthly support and started pull back to the upside. We can see an over extended M formation, price should move up to test the neck. W > Price moved bullish and reached weekly...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of CADCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market tested monthly support and started an upward move after rejection. W > Price went up and dropped from resistance to complete W formation. D > Price was moving in a rising channel, as projected price climbed high and...

AP17FX Updated 

Hello Traders, Here is the Top-Down Analysis of NZDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 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 Updated 

Hello Traders, Here is the Top-Down Analysis of EURAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price is moving in a triangle. Price has completed W formation by dropping to test the neck. W > We can see M formation and expect price to move up to test the neck of M. D > After dropping to test the neck price is...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > After facing rejection at monthly support price moved up and to test resistance level. Between these two levels price had created range in past. W> We could see M formation and price moved up to test the neck and then...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel. Price broke out of channel last month to test monthly resistance level. This level previously pushed price to downside and we expect price to get pushed down again. W > Price moved...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Market is moving in a downward channel, price dropped from resistance of channel. W > Price tested resistance level thrice and faced rejection to create triple top. We can see a W formation and can set its neck as a...

AP17FX

Hello Traders, Here is the Top-Down Analysis of USDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 Oct M > Price dropped below monthly support and faced rejection at next support level to move upside. W > Price moved up to our target and faced rejection to drop down. D> We saw W formation and expected price to drop down to test...

AP17FX

Hello Traders, Here is the Top-Down Analysis of NZDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 06 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 CADJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 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. D > We saw an over extended...

AP17FX

Hello Traders, Here is the Top-Down Analysis of CHFJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market reached monthly resistance and after rejection started downward move. W > Price dropped to complete W formation and continued further till demand zone before reversal. D > We saw an M formation and price moved up to...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is respecting downward resistance trend line. Price faced rejection from resistance line and moved down. Price dropped and completed W formation. W > We can see an M formation and expect price to rise up test the...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is moving in a well respected horizontal structure (of course with minor breakouts). Price had dropped to monthly support in middle of the structure, faced rejection and moved up. W > On its way down price created an...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 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 and complete M formation. D > We can see an M formation in Daily Chart providing next target. As...

AP17FX

Hello Traders, Here is the Top-Down Analysis of GBPNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is moving in a rising channel. Price reached support of trend line and also monthly support and faced rejection. W > Price is now testing weekly resistance level. D > Price created a W formation and with dragonfly...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price is at monthly support level with last month closing in a Doji. W > Price is in consolidation at this level since July 2020. D > Consolidation of over 100 pips is ideal for intraday trading with two support trend...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURGBP (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price is in a strong structure within monthly resistance and support zones. Price moved up to test resistance zone, faced rejection and then started downward move. W > Price created a W formation and dropped to test the...

AP17FX

Hello Traders, Here is the Top-Down Analysis of EURUSD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price has downward move supported by a downward resistance line. Few weeks ago price broke downward resistance to the upside. Price tested monthly resistance and faced rejection to move back below downward resistance. We can...