jorhl

jorhl

GJ should be seeing either one of those two highlighted outcomes on the upcoming week. I had waited for some time to see 144.00 level break and as it happened I caught the move right from the top of 146.30 but experienced my stop loss being hit in profit. Was a great 600 pip short from the highs to the lows of 140.00. What I am expecting to see is for GBP to gain...

jorhl

Simple setup of fibonacci in play here. Price has broken below the long term support of 0.6750. Now looking to see the price continue its next leg down towards 0.6500 region. As price broke down and retraced back up, price found resistance at 50% fibonacci level with a clear evening star formation on the 4H chart. Daily candle closed just below the 38,2% level....

jorhl

Gold, after a long uptrend reached a peak point at 1350 area which resulted in a sharp drop down to 1284 level. Price is currtently trading at 1292 after we saw a significant lower high level after the drop from 1350 level. Few potential short positions to consider is to wait for a pullback towards 1307.5 level where price broke the support or a third touch of...

jorhl

Euro kiwi has been in a bearish trend since the beginning of the year 2019. Previous week we saw a weak New Zealand dollar which resulted in a strong push to the upside by EUR, with a test of the trendline. MA-s are crossing to the downside which as always is a good sign of detecting the trend direction. EUR/NZD is currently trading below 1.65 after price found...

jorhl

I would keep looking for a long entry at 1.3050 region. Fib 38.2% or 50% level retracement Trendline third bounce I expect the price to take out 1.3400 level and reach the target of 1.3459

jorhl Updated 

Gold had a bullish weekly close which confirms my initial Long bias very well. Since my last Gold analysis, price entered a consolidation between 1306-1314 on the fib 38% retracement level. Price managed to break out of the consolidation range and took out the weekly resistance at 1317 and closed above. I believe we can expect the price to come down to meet the...

jorhl

AUD/USD still in downtrend. Seeing the new lower low level on the daily chart + the fib 38% level retracement, I believe AUD/USD is a nice 150 pip short. - New LL level on daily + Lower high after lower high on the weekly chart - Strong rejection at monthly 0.7300 key level - Fib 38% retracement - MA crossover Fact that price failed to take out the last high at...

jorhl Updated 

Short and simple. Gold recently broke the 1300 psychological level of resistance, making higher highs and higher lows. We saw price retest the broken level as support, followed by a confirmation of trend reversal and continuation on 4H chart. - 3 point Doji reversal from the 1302.85 daily support level. - Fib 50% retracement on daily chart which almost aligns...

jorhl Updated 

Hello and Happy New Year! New year, new me. New goals are set and this brings me to writing this public analysis. Gold is having some fun ride towards new highs at 2019. Starting from November 2015, gold has been in a clear uptrend which has proven to be a profitable ride to whoever has had their eyes on it. I believe it is a wise choice to keep your eyes on...

jorhl

My long overdue XRP analysis is finally done! I back up my analysis with some techincal factors and fundamanetals as well. Announced on October 2018, all companies in the G7 group of 37 countries will be subject to new regulations by the FAFT (Financial Action Task Force). FAFT is Paris-based organization responsible for regulating and enforcing the rules coming...

jorhl Updated 

Based on the daily close above 1.80000 level on friday I believe we can see some push towards last high at 1.84000 level. The Long trade can be justified by series of bullish indicators: - HH and HL formation - Daily close above 1.8000 weekly key resistance level - Spinning bottom at the end of the downtrend (requires a confirmation of trend reversal from daily...

jorhl

Looking back at my last Long analysis for NZD/USD we achieved target 1 but target 2 at 0.6950 was missed by about 8 pips. I believe we still can see the 0.7000 level taken out in few weeks. Now where is the short idea coming from? Look at the daily closure forming a tweezer top. Price tried two days in a row to break the 0.6950 level but failed and formed a...

jorhl Updated 

Last week PA showed a daily close above weekly resistance area at 1.8375 level, followed by some bearish action this week. I am expecting the price to come down to meet the 1.794 daily support zone (pink box area) and bounce towards 1.875 monthly key level. Downside activity is supported by the daily MA crossover and full body bearish candle yesterday. Price will...

jorhl

From the 4H chart we see how price managed to close above 0.6850 level, followed by retracement to my Long entry which was not quite achieved. I did not get to place a trade from the bottom but intraday pips are still there to be taken. PA remains bullish. I think its still safe to enter long trade for a quick 50pips trade towards fib extension 27% level at...

jorhl

I am expecting a strong bullback from the high made last week to retest the broken trendline at 1.8100 level. - Bearish closure last week on the daily chart - Today quite bearish market activity plus low volume - Potential MA crossover happening tomorrow High risk trade entred at 1.83545 Stop-loss: 1.84400 Take profit: 1.81015 Expecting the trade to play...

jorhl

After a 2 week consolidation and a breakout from 1295 resistance I noticed a long term trend line setup. Gold recently broke above a long term trend line, topped out at 1295 and had a retest on the broken trendline at 1277 level. If we see the monhtly candle close above 1307.0 monthly key level I believe there is more upside coming next month. First bullish...

jorhl

Daily MA crossover on the daily trendline breakout candle will signal a confirmation of a bullrun to 0.7050 (Daily resistance zone). You see how price broke above the monthly key level of 0.6850, then came back down to find support at 0.6700 level and had a huge bullish hammer formed after breaking below the daily support? This PA gives multiple sings of what the...

jorhl

Should we close the weekly candle above the green support area, we could take it as a confirmation of a potential bulls entering the game once again. Weekly close above highlighted support area is very bullish for me, definately on short term but we might even see the long term bullish action if we manage to break 0.335 resistance.