royschen07

royschen07

Bias Bearish Fundamental Analysis GBP is neutral in COT, data is turning bearish with time. GBP expected to reduce more basis points. AUD is still holding strong with gold AUD most likely to hold interest rate as inflation in AUD still high Price Action: Price retested Daily -OB. Price rejected from it. In H1 TF, price rejected and change of market structure....

royschen07

Bias Bearish H4 Fundamental Analysis NZD taking a bearish data trend. USD has been market resistance to bearish market. As CPI still holding strong. Price Action: ICT, H4 FVG is tested. Price tested and reject in H1 TF. Price break previous H1 swing low and confirmed a market structure shift towards downside. Price formed a FVG. Confluence: Higher TF (W/D/H4) -...

royschen07

Bias Bullish Fundamental Analysis USD cut 50 basis point, going towards soft landing. AUD has good job reports and expect to keep interest rate. Price Action: Price formed a higher hi, price is like to head higher. Price rejected from H4 support level and formed a triple bottom pattern at the H4 support level. Price break through the resistance of the pattern...

royschen07

Bias Bullish Fundamental GBP is holding strong. expectation to continue maintain their interest rate. USD just did a 50 basis point rate cut. Price expected to head lower with further relaxation on interest rate. Price Action Price retrace back to Daily support level and rejected from there. The retracement formed a falling wedge pattern. The price broken through...

royschen07

Bias Bearish Fundamental EUR has been weaken datas and ECB expect to lower interest rate. NZD is likely to continue holding interest rate and NZD having mixed data. Price Action Trend is bearish. Price retrace back to Daily resistance level. Price formed a triple top pattern. Price then rejected from the triple top pattern heading towards downside. breaking the...

royschen07

Bias Bullish Fundamental Analysis GBP has bullish datas. USD has mixed data, FED intend to cut interest rate today. Price Action: Daily TF bias is bullish. In H4 TF, price has already broken resistance and downtrend TL. Price is heading towards upside again. It is also broken flag pattern. Set up: Long setup at H1 broken resistance level. SL Below swing low. TP...

royschen07

Bias Bearish Fundamental Analysis NZD bearish data, CHF is holding strong awaiting for US change rates Price Action: Daily TF is bearish bias. The H4 TF has also change of character to bearish momentum. Currently price retesting the broken H4 support level. Price has rejected and broke in H1 TF support level. Price is heading lower. There was a cup and handle...

royschen07

Bias Bearish Fundamental Analysis NZD is bearish data. CHF is holding strong on bullish data. Price Action: Price rejected from daily resistance level and broken the bullish trendline & H4 support level. Price is now consolidating below the H4 SR level. Align with fundamental, bearish momentum is likely to continue. Set up: Sell Stop setup below the...

royschen07

Bias Bullish Fundamental Analysis GBP having strong datas. AUD is still fighting with inflation, no plans to make changes, but data are turning bearish. Leading towards a Bullish bias Price Action: Price retrace back to H4 support level. Price rejected from that level and formed a double bottom pattern in H1 TF. Price broke and closed above the H1 resistance...

royschen07

Bias Bearish Fundamental EUR have bearish fundamental momentum. AUD have bullish fundamental momentum Price Action Price broke through H4 support level. Price retrace back into H4 broken support level. Price rejected from the H4 support level and close below the H1 SR level twice. H4 bearish engulfing is formed and likely to create a inverted hammers in H8...

royschen07

Bias Bearish Fundamental EUR have bearish fundamental momentum. AUD have bullish fundamental momentum Price Action Price broke through H4 support level. Price retrace back into H4 broken support level. Price rejected from the H4 support level and close below the H1 SR level twice. H4 bearish engulfing is formed and likely to create a inverted hammers in H8...

royschen07

Bias Bearish Fundamental EUR have weak datas, CHF have stronger datas Price Action Price break H1 support level. Price retrace back to H1 support level forming a rising wedge pattern. Price broke the rising wedge pattern and close below the wedge pattern bullish trendline and M15 support level. H1 can see a strong bearish engulfing candle to confirm the bearish...

royschen07

Bias Bearish Fundamental EUR have weak datas, CHF have stronger datas Price Action Price break H1 support level. Price retrace back to H1 support level forming a rising wedge pattern. Price broke the rising wedge pattern and close below the wedge pattern bullish trendline and M15 support level. H1 can see a strong bearish engulfing candle to confirm the bearish...

royschen07

Bias Bullish Fundamental NZD have been bullish movement, CAD is moving bearish. Price Action Price retrace back to H1 SR level. Price consolidated and rejected from the H1 SR level breaking and closing above the M15 resistance level. Price also break and close above H1 bearish trendline. Price formed a double bottom pattern. H1 engulfing candle can be seen...

royschen07

Bias Bearish Fundamental Analysis USD is Bearish and likely to reduce interest rates in sept 2024 supporting more bearish momentum JPY is Bullish fundamentally. Due to market meltdown in early Aug, JPY is taking a neutral position(no movement). However, JPY is looking forward to increase interest rate in the future. (likely dec 2024 or early 2025) Price...

royschen07

Bias Ranging Fundamental Analysis EUR is neutral and likely to reduce interest rates soon. NZD is bearish fundamentally. Due to geopolitical issues, XAU is bullish, putting NZD in bullish momentum. Price Action: Price rejected from Daily S/R level. The bearish movement has come in, creating a break in H4 support level and close below it. Price pulled back and...

royschen07

Bias Bearish Fundamental Analysis USD bearish datas, expecting interest rate reduction in sept. CHF is holding as more investor coming into chf due to risk off/safe haven currency Price Action: Price retrace back to H4 bearish TL & H4 Resistance level. Price rejected from there. Price broke and close below H1 support level and H1 bullish...

royschen07

Bias Bullish Fundamental Analysis Both data have been bearish. However, CHF has a stronger bearish movement. Price Action: Price is bullish. Price retrace back into H4 SR level and reject towards upside. Price formed a double bottom pattern too within the H1 TF. Confluence: Higher TF (W/D/H4) - H4 SR level. Retracement to Fibo 61.8 level. Lower TF (H1/M30/M15) -...