CADCHF: Bullish Move After the Trap 🇨🇦🇨🇭
There is a high chance that CADCHF will go up today.
After a test of a key horizontal support, the price formed
a liquidity grab with a consequent bullish imbalance.
We can expect growth to 0.5887
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GBPJPY: Pullback From Resistance 🇬🇧🇯🇵
I think that GBPJPY will pull back from a wide
intraday supply area.
As a confirmation, I see a bearish imbalance candle that
is formed after its test.
Goal - 198.51
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GBPUSD: Strong Trend-Following Pattern 🇬🇧🇺🇸
GBPUSD is going to drop lower.
The market has completed a correctional movement within
a bearish flag.
Its support violation provides a strong bearish confirmation.
I expect a drop to 1.3202 level.
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GBPJPY: Important Demand Zone 🇬🇧🇯🇵
GBPJPY is trading within an important demand zone that
is based on a rising trend line and a horizontal support.
We see a false violation of that and a bear trap, followed
by a bullish imbalance candle.
I think that the pair may go up and reach at least 198.08 level.
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GBPCHF: Another Bearish Signal?! 🇬🇧🇨🇭
Quick update for GBPCHF.
We discussed a strong bearish confirmation yesterday.
Today, we have one more.
The price formed a double top after a test of a strong intraday
falling trend line.
Its neckline was broken this morning.
I expect a retracement to 1.0735
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AUDCAD: Bullish Move From Trend Line 🇦🇺🇨🇦
AUDCAD may bounce from a solid rising trend line on a 4H.
The price started to consolidate on that after its test.
A breakout of a minor horizontal resistance is a strong bullish confirmation.
Goal - 0.8999
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GBPCHF: Bearish Movement Confirmed 🇬🇧🇨🇭
GBPCHF looks bearish after the news today.
The price tested a solid rising trend line on a daily
and formed a confirmed bearish Change of Character
on an hourly time frame.
I think that the price will continue falling and reach 1.0702 level.
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EURCHF: Classic Gap Trade 🇪🇺🇨🇭
There is a huge gap up opening on EURCHF.
The price tested a key intraday resistance with that and formed
a strong bearish imbalance candle then.
Probabilities will be high that the market will fill the gap today.
Goal - 0.9338
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EURUSD: Detailed Support Resistance Analysis For Next Week
Here is my latest support & resistance analysis for EURUSD
for next week.
Consider these structures for pullback/breakout trading.
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USDJPY: Bullish Move From Support Ahead! 🇺🇸🇯🇵
I think that there is a high chance that USDJPY will continue growing
next week.
A bullish breakout of a resistance line of a flag pattern that occurred
after a test of a key support provides a strong bullish signal.
Goal - 148.7
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AUDJPY: Strong Bearish Signal?! 🇦🇺🇯🇵
AUDJPY may retrace from a key daily resistance.
As a confirmation, I see a bearish breakout of a support line of a rising
wedge pattern with a high momentum bearish candle.
Goal - 96.47
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EURCAD: Bearish After the News 🇪🇺🇨🇦
EURCAD may drop from a solid daily resistance.
As a confirmation signal, I spotted a bearish engulfing candle
on a 4H time frame after its test.
The formation of this candle is accompanied by multiple negative
German fundamentals.
Goal - 1.5976
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GBPAUD: Bullish Movement Continues 🇬🇧🇦🇺
GBPAUD is going to rise more, following a confirmed intraday bullish reversal:
first, the price violated a resistance line of a falling channel.
It started to consolidate within an inverted head & shoulders pattern then.
Its neckline violation is another strong bullish signal.
Next resistance - 2.0685
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EURUSD: Support & Resistance Analysis For Next Week 🇪🇺🇺🇸
Here is my latest structure analysis and important supports/resistances
for EURUSD for next week.
Consider these structures for pullback/breakout trading.
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GBPJPY: Get Ready to Buy 🇬🇧🇯🇵
GBPJPY is consolidating within a narrow horizontal range
on a daily time frame.
I am waiting for its bullish breakout and a daily candle close above
199.85 to confirm the next bullish wave.
A rise will be expected to 201 level then.
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USDCAD: Bearish Move From Resistance 🇺🇸🇨🇦
USDCAD is going to retrace from a key daily resistance.
A bearish imbalance candle that the price formed after its test
during the Asian session provides a strong intraday bearish confirmation.
Goal - 1.3707
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GBPAUD: Pullback From Resistance 🇬🇧🇦🇺
I think that GBPAUD may pull back from a key intraday resistance.
As a confirmation, I see a bearish engulfing candle after its test
on an hourly time frame.
Goal - 2.0655
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EURUSD: Support & Resistance Analysis 🇪🇺🇺🇸
Here is my fresh support & resistance analysis for EURUSD.
Vertical Structures
Vertical Support 1: Rising trend line
Vertical Support 2: Falling trend line
Vertical Resistance 1: Falling trend line
Horizontal Structures
Support 1: 1.1577 - 1.1600 area
Support 2: 1.1445 - 1.1458 area
Support 3: 1.1356 - 1.1373 area
Support 4: 1.1190 - 1.1280 area
Resistance 1: 1.1682 - 1.1766 area
Resistance 2: 1.1807 - 1.1830 area
Consider these structures for pullback/breakout trading.
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MarketBreakdown | EURAUD, GBPJPY, WTI CRUDE OIL, SILVER
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #EURAUD daily time frame 🇪🇺🇦🇺
The market is trading in a bullish trend.
The price is steadily growing within a rising parallel channel.
A recent test of its support triggered a strong bullish reaction.
I think that a rise may continue at least to a current high - 1.8035
2️⃣ #GBPJPY daily time frame 🇬🇧🇯🇵
The market is consolidating within a narrow horizontal
parallel channel.
Consider consolidation, trading within its boundaries.
The next bullish wave will be confirmed with a breakout and a
daily candle close above its resistance.
3️⃣ CRUDE OIL #WTI daily time frame 🛢️
The market remains weak and consolidation continues.
I see a wide horizontal range where the price is now stuck.
I think that we may see a pullback from its support.
4️⃣ #SILVER #XAGUSD daily time frame 🪙
The market is retracing after a formation of a new higher high.
I see a strong demand zone ahead: it is based on a rising trend line
and a recently broken horizontal resistance.
The next trend following movement will most likely initiate from there.
Do you agree with my market breakdown?
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EURGBP: Bullish Move From Support Confirmed?! 🇪🇺🇬🇧
There is a high chance that EURGBP will bounce
from a key intraday horizontal support cluster.
The market looks bullish after UK CPI release this morning.
Goal - 0.8684
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