Samuel124

Samuel124 Updated 

Based on my analysis, I anticipate that USDJPY will exhibit a downward trend from the current resistance zone, which ranges from 136.93 to 136.77, towards the established support zone that lies between 136.00 and 135.77. This anticipated trend is expected to yield a classic inverse head and shoulders pattern, with a subsequent bullish move in the direction of the trend.

Samuel124 Updated 

From my analysis, EURUSD and broken a minor trendline, I expect a retest of it, then a drop to the support trendline line below it. However, if it breaks the trendline upwards, we may consider buying this pair.

Samuel124 Updated 

Over the past week, the Gold market has undergone a bullish rally, as evidenced by its rise from 1806.85 to 1857.49. However, a notable correction occurred in the last two days, resulting in a decline of over 250 pips. At present, indications suggest that this correction has likely reached its terminus, with a potentially favorable zone emerging for buyers to...

Samuel124 Updated 

Based on my high-timeframe (HTF) analysis, there is a prevailing bearish order flow on the AUDUSD pair over the past 16 days. However, during the last six four-hour (H4) candles, the price has moved in an upward direction towards yesterday's high of 0.67659, where sellers have established their contract through hidden price rejection. Furthermore, based on my...

Samuel124

The establishment of a successful and sustainable forex trading career requires aspiring traders to gain a deep understanding and mastery of several critical principles. Failure to do so will result in financial losses, wasted time, and ultimately, frustration and despondency. There are five essential principles that aspiring traders must study, understand, and...

Samuel124

A notable impulsive movement has been observed in the gold market, with the price surging from 1808 to 1831. My technical analysis suggests that the price has entered a profit-taking zone, which could prompt buyers to offload some of their positions before resuming their purchases. Consequently, there is a possibility that the price could experience a temporary...

Samuel124

Approximately two hours ago, my market analysis indicated a high probability of an impending Gold price rally. As anticipated, the price has since moved by 80 pips, confirming my initial prediction. My technical analysis has identified a significant harmonic reversal pattern on the M30 chart for Gold, which provides further validation for my bullish...

Samuel124

Over the past five weeks, the global Gold trend has exhibited a bearish sentiment. A notable decline was observed on Friday, 24th February. Subsequently, on the 27th of Feb, there was a corrective move to an equilibrium price region (1818.50-1820.063), which coincides with an intraday resistance level. This level demonstrated strength as sellers defended the area,...

Samuel124

The EURAUD currency pair has recently entered into the bearish market zone on the 4-hour timeframe, which also coincides with the resistance level on the M30 channel. This has occurred following a substantial increase in value during Friday's trading session which we also captured. Currently, there are two potential outcomes for the market: 1. The price may...

Samuel124

On the last day of the trading week, we observed a significant upward rally in GBPJPY. This development is in line with my prior analysis of the pair, wherein I anticipated/predicted a bullish move. Notably, today also presented an outstanding intraday buying opportunity. Specifically, during the Asian session, price formed a bullish bat pattern on the M15...

Samuel124

I expect USDCAD to drop in the following days, because it is at the resistance zone of the M15 and M30 price channels respectively. Secondly, it overextended price in order to fulfill EW impulsive move evident through the divergence on TDI and Awesome oscillator. As such, the correction of that count is expected. My short term target is resistance zone that was...

Samuel124

I expect a great drop on EURNZD. My short term target will be the 50EMA while my medium target the 200EMA. Additionally, the pair is at the resistance zone on M30 and H1 Channels respectively.

Samuel124

Based on my analysis, I think GBPJPY currency pair may likely experience a bullish rally, moving from its current price of 161.1316 to the bearish 4-hour market zone located above. The underlying reasoning behind this prediction is that price action has demonstrated a clear rejection of the internal demand zone, leading to the likelihood of further upward momentum...

Samuel124

The recent release of the CPI (Consumer Price Index) yesterday, showed an increase of 0.5% on all items, which was in line with market expectations. The CPI is a critical indicator of inflation, which can impact the value of a currency. Inflation tends to reduce the purchasing power of a currency and can lead to a decline in its value, all things being equal....

Samuel124

I think gold will move to the upside. It has seen rejection on the demand zone which also serve as the M15 discount price. Possible target will the the 50EMA and the 200EMA. 50EMA will be my short term target while 200EMA my medium term target.

Samuel124

The USDJPY currency pair is likely to experience a significant correction , moving downward from its current position at 132.795 (even though JPY is weak). I anticipates that the price will find support at key technical levels, on the 50EMA, 200EMA, and 800EMA respectively. The 800EMA is expected to represent a deep correction, while the 50EMA and 200EMA are...

Samuel124

The technical analysis of US30 reveals that the index is currently encountering resistance at the level of 34195. The 200EMA initially acted as support for the price confirmed by a quick rejection to the upside. Furthermore, the TDI also displays an overbought position, further strengthening the bearish sentiment in the market. A confirmation of this rejection at...

Samuel124

The USDCHF currency pair has been under observation and analysis in recent times, and based on the current market conditions, it is likely to be in a corrective phase. After the correction, it is expected that the USDCHF currency pair will enter into an impulsive phase. I expect the currency pair to drop to the 0.92000 - 0.91500 price zone. At this level, it is...