quanpham1986

quanpham1986

XAU USD Week 07 08 2023 Analyzing the weekly timeframe chart, we observe the price reacting to the medium Bollinger band with at least 3 pin bars displaying long tails, indicating potential support for a downtrend this week. However, on the daily timeframe, we expect a short downtrend for 1 to 2 candles on Monday and Tuesday, followed by an upward movement...

quanpham1986

USD CHF 07 08 2023 For this pair, I will patiently observe how the price reacts to the resistance levels at 0.87764 and 0.88001. My anticipation is that the price will rise to test the upper resistance level. Once it reaches the resistance level, I expect it to reverse and head down towards our support level. At that point, I will initiate a sell signal with Take...

quanpham1986

Monday, 7th August 2023 The EUR USD market is currently moving sideways, and there are no clear signals to determine the trending direction. I will stay on the sidelines and observe a couple of waves before making any decisions. However, for the weekly plan on this pair, I will prioritize looking for buy signals over sell signals.

quanpham1986

GBP USD - Week of 06/08/2023 Based on the upcoming news, GBP is not expected to be strongly impacted until Friday. Therefore, from Monday to Friday, I anticipate an uptrend for GBP USD. Looking at the daily chart, GBP USD is within a channel, and this week, the price is likely to rise to the upper channel until Friday before bouncing back and moving downward. As...

quanpham1986

USD JPY - Week of 07/08/2023 Next week's news suggests that JPY won't be significantly impacted. Consequently, I expect the USDJPY trend to mirror that of DXY, using it as a reference for decision-making. My focus will be on selling USD JPY rather than buying next week. Regarding technical analysis, on the H4 timeframe, there's a resistance level at 141.973. Two...

quanpham1986

NZD USD - Week of 7/8/2023 Based on the news, NZD remains unaffected until Wednesday, 9/8/2023, when the inflation expectation quarter-to-quarter report is released. After Wednesday, we will reassess the NZD's trend. In the H4 timeframe, the NZD USD price is moving within a narrower channel. It seems the price may bounce within the channel until one of its...