royschen07

royschen07

Bias Bearish Fundamental Analysis CHF is turning more bearish as all datas are worse. JPY on the other hand is turning bullish due to global interest rate reducing Price Action: Price broken out of H1 support level and rejection from H4 resistance level. Price is likely to head lower to swing low. Confluence: Higher TF (W/D/H4) - H4 resistance level. Broke of...

royschen07

Daily bias is bearish Fundamentally align with EUR weakening and USD still strong H4 bias is bearish. Double top pattern formed. With break of support level from H4. H1 retest H4 broken support level in green. H1 went into consolidation. H1 price action broke out of consolidation to continue bearish movement. Short from H1 broken support level with SL above...

royschen07

Bias Bullish Fundamental Analysis NZD is bearish data, but recent inflation is at target level close to 2%. NZD likely to stable down soon. CHF is not taking big move, more neutral position Price Action: Price retrace back to support level. there was an rejection from Support level. It broke the H4 resistance level. As it show the continuation of bullish...

royschen07

Bias Bullish Fundamental Analysis ECB is going to reduce interest rate as expected. However, EUR Fundamentals datas are still bullish align with COT data. However Index shown bearish bias. ECB will aim for better job data for now. BOJ decided to hold interest rate. BOJ is expecting higher inflation and spending as rising wage occurred. Fundamental datas is...

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...