Break
CHF/JPY - Lovely Downside PotentialWe've seen a pullback, lower high formed and more downside over the last couple of days. We're riding price down, long term targets around 117.80
Technically wise, we have seen a break from ascending structure, overextended bullish cycle, hawkish JPY outlook, price retraced to test trendline and key level in the market.
EUR/NZD Fibonacci Span long termIn my opinion we are still in an uptrend in the market, the last span placement has a clear high low. It is trending bearish on lower time frame. You can clearly see how the market reacts to previous fib span lines. Simply go to the smaller time frames to check for break of resistance & retests to find which line has more bearing. Then, you can return to the weekly & come up with your own projections. I save the charts in this format, then make copies when I go the lower time frames for mark ups & the typical 5 - 15 minute trades I usually make.
Gold - Price Testing Long Term Ascending TrendlineAre we going to see some bearish PA if we break this ascending trendline?
Check out what happened last time we broke an ascending trendline!
If we do see a break and downside movement, keep an eye on our marked shorter term key levels for potential bounce points and areas of support.
AUD/USD - Last Week Forecast 👍 And New Potential ForecastHere is AU on the 4HR Chart.
First analysis from us for the week ahead!
Lets see if we can get a break of this support with potential USD strength incoming?
How will this one pan out? Remember, wait for confirmation in line with your personal strategy!
CHF/JPY - Indication of Trend Change?We have seen a break of structure on the 4HR. Is this the first indication of a trend change?
Lets see how price moves over the next few days. Could we see further downside?
Also note how psychological whole levels have acted as support and resistance in this structure.
Have a great trading day!
BHEL clear-cut breakout. JOURNEY TOWARDS 80+++BHEL has given a breakout on daily and weekly charts, after long consolidation has it moved past the 56 levels. Can be seen travelling towards 73 and in long time frame towards 180. Fundamentally changes have been made in the management, new project wins and book renewal can impact this stock.
HODL for BHEL ka jalwa!
GBP/NZD - Short Position AnalysisThis pair has fallen around 220 pips since an initial entry was identified.
Price broke this ascending trendline, retraced to a key level in price on the LTF coinciding with trendline rejection with wicks forming to the upside.
Zoom out and you'll see GN is at the top of the range and through cross analysis you can identify that this currency pair is strength vs strength.
Any questions feel free to drop me a private message.