malcolmlai

malcolmlai Updated 

Trade analysis on GBP/JPY trade that both I and Wickdontlie took. Here is my version of the analysis.

malcolmlai

Possible Long on the Euro-Dollar Identified with the following: - Fibonacci retracement on the 0.382 Mark - Supply and Demand zones - Trendline Looking at a higher timeframe (D1), the ED is considered to be in consolidation. Take note. Heightened volatility incoming with the elections just a few days ahead.

malcolmlai Updated 

GJ may make an impulse move back to the upside to the -0.272 Fibonacci line/zone. Based on price action alone, I call a likely bullish trend and breakout soon.

malcolmlai Updated 

EUR/USD Technical and Fundamental forecast. As you may know, the elections are ramping up to speed and are approaching fast. With the addition of this COVID pandemic, we may see a weakening dollar (or stronger). Based of technicals alone, we see that a new channel has formed on the H4 timeframe. This indicates a possible bullish retracement to the upside (or if...

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AUD/CAD might show either a retracement move to the zone I've drawn OR after which, make an impulsive move beyond the structure to the downside. A bullish market is should not be out ruled.

malcolmlai

Purple support and resistance lines represent major areas. Dotted green and red show a shorter timeframe S/R. Price has made a lower high and shows a flag pattern. Price may also go to the upside.

malcolmlai

Technical analysis for EUR/USD. Possible short / retest after hitting the major resistance (2 confirmations). Take profit 3/4 on the way to support line.

malcolmlai

Trend following nicely to the downside. Chances of a bullish run is still likely as the price is still above the 200 moving average. For more content follow me on TradingView. Feeling generous? Donate some tradingview coins!

malcolmlai Updated 

Have a look at my technical analysis. I see a strong bullish possibility in the making. I have drawn out some supply/demand, support resistance zones that you may want to consider looking at before entering. Let me know what you think with my analysis. For more analysis follow me on tradingview!

malcolmlai Updated 

In this example, if we see a Higher High and Higher Low on the M15 we can expect the price to continue to the upside. If it shows a Lower High and Lower Low on M15, you can consider shorting a position and take profit on some of the support and resistance lines/zones I have drawn. As we can see, the price is currently in the major resistance zone. Do your own due...

malcolmlai Updated 

I have highlighted multiple possible price directions. With reference to one of my commenters, I see a probability that the price will head to the top most resistance before seeing a push to the downside after its current consolidation. Take note that the dollar is possibly weakening considering its low GDP stimulus, low unemployment figures and the current COVID...

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Technical The price has touched the major resistance level just recently. Should the levels hit the 1.19 resistance level again we may possibly see a pullback to the downside. This also means a decent chunk of profits we can expect. Please wait for the price to retest and give us more information before actually shorting a position. Fundamental We have seen...

malcolmlai Updated 

The price is currently sitting nicely on the 200 Moving Average. Few possibilities: - If it rebounds the 200 Moving Average, prices will see more bullish power - If it cleans the 200MA to the downside, we can expect a good short opportunity Either ways, we will possibly see a good set-up in just a few hours. Don't take me word for word. Do your own due...

malcolmlai Updated 

Morning Traders, The Euro-Pound may have already confirmed and rebounded the previous resistance zone as it draws itself to the downside. This is an opportunity worth taking! Remember to do your own due diligence before trading. For more content follow me on TradingView. Feeling generous? Donate some TradingView coins as it keeps me motivated to keep posting my...

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Looking at the weekly (and monthly) we notice a forming a possible Heads & Shoulders. Assuming the H&S forms with confirmation, we can prepare a long order after its completion of the pattern. As of now, I will be short on this one based on price action. Do note on the fundamental side of things that the Dollar (U.S.) is weakening. Recent low GDP statements,...

malcolmlai

Looking at the weekly (and monthly) we notice a forming a possible Heads & Shoulders. Assuming the H&S forms with confirmation, we can prepare a long order after its completion of the pattern. As of now, I will be short on this one based on price action. Do note on the fundamental side of things that the Dollar (U.S.) is weakening. Recent low GDP statements,...

malcolmlai

On the 27th May 2020, we saw the Vanguard S&P 500 ETF (Symbol: VOO) rise above the 200 Moving Average. Today a share is worth 301.99. Before the tremendous drop on 20th Feb 2020, prices closed at a high of 311.39. The fact that we are already above the 300.00 mark and only just 9.40 from its pre-COVID high, has VOO really recovered? Nevertheless, it is still a...

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Have a look at my analysis for the hourly on Euro-Dollar. It seems to have gone back into its consolidation channel where the market is subtlely indecisive. Let us wait and see whether the bulls or bears will win over the next few hours before having a clearer picture and better analysis. For more content, follow me on tradingview!