TheWallPipsJournal

TheWallPipsJournal Updated 

Hi, If we are looking on a bigger timeframe such as daily and monthly chart, USDJPY is on a downtrend channel. Meanwhile, on 4H Chart, there is a downtrend line is being tested. A pull back on the line might signal a further north for the pair. Earlier today, we saw the drop on US Durable Goods Order that could impact to the USD. If you read my previous idea on...

TheWallPipsJournal Updated 

Hi, Based on the 1H chart, we see a strong support is being tested at 1.2 for the pair as it tried to form a double top before. It could provide a resume for EURUSD uptrend if it bounces. ECB has announced there is no policy change earlier today which contributed to the drop of the EUR. However, the drop was not supported by a good job report of US right...

TheWallPipsJournal Updated 

Hi, If we are looking on Weekly chart of XAUUSD, there is a downtrend channel which has been tested, is it time for a comeback for the USD? Happy Trading!

TheWallPipsJournal Updated 

Hi, Based on the 15M Chart, there is a strong resistance which has been broken. The break might be viewed to provide bullish sentiment for the GBP. As I have shared before, the drop of US Treasury Yield could be the cause of USD falling. Furthermore, we just received a good job and earnings report of UK which might boost the bullish sentiment for GBP. Happy Trading!

TheWallPipsJournal Updated 

Hi, Based on my 4H chart analysis, BTCUSD is moving on the downtrend line. This has been the second bounce on the trendline. The Bitcoing enjoyed the bullish movement on the brink of the coinbase IPO. However, the euphoria might not last lost, as BTC could experience a correction here. Happy Trading!

TheWallPipsJournal Updated 

Hi, Based on the 4H Chart, there is a downtrend line in the midst of breaking. If there is a break, the chance of GBPUSD of going is high. Regardless of the cause of effect, USD has been weakening since the report of inflation this week. Lets wait and see whether the move continues. Happy Trading!

TheWallPipsJournal Updated 

Hi, USD seems to continue its drop based on the daily chart, as the move is still moving along the downtrend line. The further drop of the Greenbacks might be contributed by the fall of US Treasury Yield. Happy Trading!

TheWallPipsJournal Updated 

Hi, Based on the 4H Chart, there is a possibility of USDCHF could signal a bearish movement. If it bounces on the channel, expect the price to go lower than 1.9200. Happy Trading!

TheWallPipsJournal Updated 

Hi, If we are looking on the 4H Chart, there is a possibility on the trendline formation. If it bounces on the trendline, there might be an indication that Gold is going to resume the uptrend. Happy Trading!

TheWallPipsJournal Updated 

Hi, We got the information earlier that there was a revision on the GDP performance of UK. It shows that the country perform actually much better during the last three months. It might let the GBP to have a short term bullish, as I am still seeing that the USD would prevail. On 1H Chart, there is a break on double bottom previously and now the price is testing...

TheWallPipsJournal Updated 

Hi, USD is still going to continue their strength due to the stimulus and good job report last week. Based on the daily chart, there is a possibility that the Head and Shoulder can provide a further downtrend. Happy Trading!

TheWallPipsJournal Updated 

Hi, USD has been showing their strength for last few weeks, thanks to Biden stimulus which is contributing to a brighter economic outlook of the states. As a country with a high availability on the Covid-19 vaccine, the strength of the currency could continue. Actually there is a channel on a daily chart that could be in contention of breach. However, if we...

TheWallPipsJournal

Hi, USD has been showing their strength for last few weeks, thanks to Biden stimulus which is contributing to a brighter economic outlook of the states. As a country with a high availability on the Covid-19 vaccine, the strength of the currency could continue. Based on the chart, the GBPUSD has been on a downtrend, they went on the sideways mode for a while and...

TheWallPipsJournal Updated 

HI, We have read on UK unemployment report earlier suggesting on a better situation on the job market of the country. On 15 minutes chart, there is an indication that the GBP might be on the stronger side this time. Trendline has been formed, if the resistance level is broken, the pair will see its way to go further north. Happy Trading!

TheWallPipsJournal

Hi, Please refer the 15M chart for the analysis. It is now testing the trendline which the original pattern can be found on 1H Chart. The overbought RSI is also supporting the movement. We just received a good export report of the US. It might provide the sentiment to boost the analysis. Happy Trading!

TheWallPipsJournal Updated 

Hi, Based on the Weekly Chart, we are still seeing that the GBP is still on uptrend as you can actually draw a channel there. It might be due to the reason that traders are still cautious on the effectiveness of Biden stimulus. The Fed will also give a statement of the interest hike this week. Lets look at a smaller timeframe to find an opportunity. If we look...

TheWallPipsJournal Updated 

Hi, Based on the 1H Chart, there is an inverted hammer prior to the drop of the pair, we also see the trendline and double top breached. Earlier there was an industrial and manufacturing reports of the UK which were below expectation which might serve as the confirmation of the bearish movement for the pair. Happy Trading!

TheWallPipsJournal Updated 

There is a channel on the 1H timeframe that I think it might give a signal that the bull is still ongoing. As the stochastic level was in line with the bounce, we can say that the trendline is strong. If we look at the chart, the move is still in the middle of the channel suggesting the move might go up or down. As the resistance level is also drawn on the...