JackyTong96

JackyTong96

As expected, the price break above the bearish trendline, and now the market is switch to the bullish environment from the bearish environment. From the technical perspective, further upside in the next week is expected. From the COT perspective, hedge funds are actually bullish bias on the EUR, in the latest week, they are closed more than 3k of long positions...

JackyTong96

As expected, the price rejected from the weekly resistance. and did a massive downside from that zone. From the technical perspective, a further downside in the next week is expected. From the COT perspective, hedge funds are actually bearish bias on the AUD, because during this push to the upside of AUD. they are actually closing the long instead of adding long,...

JackyTong96

AJ seems like continue push to the upside to retest the weekly resistance before it goes down. According to some fundamental factors, the current worldwide recession could make JPY become stronger and stronger. From the daily perspective, AUDJPY has created an overextended W formation, after W formation, price normally will pullback to the neckline of the W, so...

JackyTong96

From the daily perspective, the price was reached the previous high and expect a short downside retracement form this area before it going to the upside. From the COT perspective, hedge funds are closing both long and short positions on the gold, meaning they are not interested in short and long on gold right now, but we can see gold is starting to push to the...

JackyTong96

As from my previous analysis, I spoke about JPY will become stronger because of the current worldwide recession, and in the new week, JPY may become stronger again. Because from the daily chart, price break below the stong resistance, and may retest the previous support now turned to resistance and more downside from this area. From the COT perspective, hedge...

JackyTong96

From my previous analysis on EURAUD, I said it may push to the upside from the daily support, but in last week, price break below it and may retest the weekly support in the next week. From the COT perspective, hedge funds are bullish bias on EUR, since they already added around 5k of long positions on EUR, and increasing in the net positions, so the stronger the...

JackyTong96

From the daily perspective, the price was break below the daily structure, but overall it looks still bullish because it seems like creating a HH and HL From the COT perspective, hedge funds are bullish bias on USD, and bearish on CAD, because they are closing many of short positions on CAD in last few weeks and start added proper shorting on CAD in the latest...

JackyTong96

From the daily perspective , price action was created a fake breakout on GJ, and after that closed below the strong structure, normally after the fake breakout, the next pattern could be HNS pattern or IHNS pattern, and now GJ is creating the right shoulder of HNS pattern. From the COT perspective, hedge funds are keep closing their long and short positions on...

JackyTong96

From the daily perspective, the price was break below the daily structure and retested it, and expect a further downside form here to the daily support area. From the COT perspective, hedge funds are keep closing their long and short positions on GBP for few weeks, but the GBP is keep pushing to the upside without adding any long positions on GBP, this implied...

JackyTong96

As mentioned from my previous analysis on GBPUSD, from the daily timeframe, it may create a fake breakout, and after that closed below the strong structure, normally after the fake breakout, the next pattern could be HNS pattern or IHNS pattern, and now GBPUSD is creating the right shoulder of HNS pattern. From the COT perspective, hedge funds are keep closing...

JackyTong96

As from my previous analysis, I spoke about JPY will become stronger because of the current worldwide recession, and in the new week, JPY may become stronger again. Because from the daily chart, the price may keep creating a new I.C.I pattern for us. From the COT perspective, hedge funds are still bullish on JPY. Although now EUR is look stronger than JPY but the...

JackyTong96

From the daily perspective, the price already reaches the daily demand zone and expects a big push to the upside from here. Because from the COT perspective, the hedge fund has a bearish bias on the CAD. Because the last week, CAD kept pushing to the upside is because they are closing a lot of short positions on CAD and not proper adding on longs, so we can...

JackyTong96

From the daily perspective, the price already reaches the daily support area and expects a big push to the upside from here. Because from the COT perspective, the hedge fund has a strong bullish bias on the EUR and strong bearish bias on GBP. Because the last week, GBP kept pushing to the upside is because they are closing a lot of short positions on GBP instead...

JackyTong96

From the daily perspective, the price already reaches the daily support area and expects a big push to the upside from here. Because from the COT perspective, the hedge fund has a strong bullish bias on the EUR and strong bearish bias on AUD. Because the last week, AUD kept pushing to the upside is because they are closing a lot of short positions on AUD instead...

JackyTong96

From the daily perspective, price is moving inside the parallel channel, and expect it moving to the new structure, which is weekly resistance and pushes to the downside from the weekly resistance. From the COT perspective, hedge funds are closing both long and short positions in the latest week, but overall the market still remains bullish, because when closing...

JackyTong96

Price is clearly rejected at the daily support and look losing momentum form this resistance area. From the technical perspective, the price may chance to break below the structure and continues to push to the downside. From the COT perspective, hedge fund keeps closing the long and short position for a few weeks and but the net positions are showing sign of the...

JackyTong96

Price is clearly rejected at the daily resistance and expect it to make another downside from here. According to some fundamental factors, the current worldwide recession could make JPY become stronger and stronger From the COT perspective, hedge fund seems like started bullish on JPY since the net positions increase, number of long increase and short closing....

JackyTong96

Price is clearly rejected at the daily resistance and expect it to make another downside from here. According to some fundamental factors, the current worldwide recession could make JPY become stronger and stronger. From the daily perspective, AUDJPY has created an overextended W formation, after W formation, price normally will pullback to the neckline of the W,...