ZhiHoong

ZhiHoong

From price action, we can see that price had rejected from Monthly Resistance perfectly and became bearish . However, In daily time frame, price had rejected from the previous "resistance turns support" area. Thus, we might wait for a long signal at the said area. If the price breaks the area, we might react accordingly to enter with short position. However, in...

ZhiHoong

In last week analysis, I have analyzed that the price will be bullish and went to the upside. But in current situation, the price has rejected from a Daily Resistance and also a Fib level 0.5. In last week COT report, hedge fund had closed many shorts positions while the price is in a downtrend. This is because they intended to TP on their short positions and...

ZhiHoong

From the graph, we can see that there is a resistance in 4H time frame. In this situation, EURUSD seems to be stronger than GBPUSD, thus, I will keep holding and react to the market accordingly. Kindly take note that my analysis is based on COT report and technical analysis . Also, we always reacting to the market instead of predicting the market.

ZhiHoong

As my analysis for this pair before, price had broken through my retest point (Fib level 0.5). In this situation, AUD is bearish from the result in COT report, and hedge fund always willing to buy high sell low, so I combined both technical analysis and COT perspectives, wait for a sell signal occurred in Fib level 0.618. Kindly take note that my analysis is...

ZhiHoong

As yesterday analysis mentioned, I will wait for a retest at the support area first, only enter to the market. But, when the price broke through the area in this morning, I have entered for a long position (Green Arrow) because I dont want to miss the chance. Eventually, the price hasn't retest obviously and went to the upside. Next, i will wait for another...

ZhiHoong

From the graph, we can see that the price is in the range between strong resistance and strong support at the moment. Price has been rejected from the strong resistance and according to COT report, GBP is getting bearish than NZD. Thus, we might seek for a bearish in GBPNZD. In this situation, i will wait for a retest at the circle zone. If there is any sell...

ZhiHoong

As my previous analysis of this pair, I have mentioned that there would be a potential H&N formed in 4H, thus , I had entered a long position when a shoulder is formed potentially. Unfortunately, I have made a mistake that overlooking there is a rejection from a minor resistance (Circle area). Thus, I quickly closed the short position in order to avoid losses and...

ZhiHoong

Waiting for a breakout and retest at the support area. Due to my technical analysis and COT perspectives, I am still believe in EURUSD that this pair will be bullish. But remember, we always reacting to the market and not predicting. If the price has failed to do so, we may react accordingly. In other situation, we might consider to enter short position if the...

ZhiHoong

I have opened a short position when the market opened today. But the price seems to have a little bit choppy/ranging at the moment. I have decided to close the position first and wait for a better possibility to enter the market again. At the moment, I will wait for a retest at Fib evel 0.618 and enter for short position. Kindly take note that my analysis is...

ZhiHoong

Price has broken through the resistance that mentioned on my analysis yesterday. But still, there is another resistance exist at the top area. Thus, I will wait for a sell signal at the said area. In COT report, JPY is stronger than USD, thus, I believe that USDJPY might be bearish. Kindly take note that my analysis is based on COT report and technical...

ZhiHoong Updated 

Price has started to reject from Weekly resistance. In 4H time frame, the price has broken through the minor support and a potential retested the said support. In COT report, the net position of GBP is decreasing and hedge fund has been closing a lot of long positions. This action has brought the price to the downside too. Thus, in this situation, we foresee...

ZhiHoong

In Weekly and Daily time frame, the price has rejected from the Weeky resistance strongly and the resistance area falls on FIb level 0.618. Thus, believe that the price will be pushed to the downside accordingly. Move to COT report, the data of both AUD and CAD has shown a weak power but Aud is weaker that CAD eventually. Thus, based on our combining between...

ZhiHoong

Price has rejected from weekly resistance level in Weekly, Daily and 4H time frame. From COT report, the net position of CAD is increasing from Feb 2020 but during this period, hedge fund keep closing both long & short positions and eventually started to open some shorts in the latest data. In this situation, we foresee that the price will be pushed to the...

ZhiHoong

Price had rejected at a resistance which is a "previous support turned to resistance" area in Daily nd Weekly time frame. In COT report, hedge fund has been closing a lot of short positions in JPY which means JPY is getting stronger. However, in the previous two weeks data, hedge fund seems to have buy some short positions but eventually continue close some short...

ZhiHoong

I have enter a long position last week at Fib level 0.5 and TP at 1.42555 which is a resistance in Daily time frame. Also, the price had started to reject strongly from the resistance zone in Daily time frame. Move to COT report, the net position of CAD is decreasing with closing a lot of long positions from previous weeks ago. However in the latest data, hedge...

ZhiHoong

In Daily time frame, price had rejected at Fib level 0.00, whereas in 4H time frame, there is a potential inverted Head & shoulders forming. In COT report, the net position of CAD is decreasing with closing a lot of long positions from previous weeks ago. However in the latest data, hedge fund seems to have interest on buying long position. In this situation, we...

ZhiHoong

In Daily time frame, we can see that there is a potential lower high formed but at the same time, the price had come to a previous support area in 4H and Daily time frame too. From COT report, hedge fun has been closing many shorts and starting to get some longs which means hedge fund might TP all their short positions and intended to buy some longs in order to...

ZhiHoong

From price action, we can see that price had rejected from Monthly Resistance perfectly and became bearish. However, In daily time frame, price had rejected from the previous "resistance turns support" area. Thus, we might wait for a long signal at the said area. If the price breaks the area, we might react accordingly to enter with short position. However, in...