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AUDUSD 4hour Analysis November 13th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are now looking bullish on AU as we surged through our 0.65500 zone and now price action is now resting near our 0.67000 zone. Going into this week we’re looking for reactions and the most likely scenario would be a retrace to 0.65500. Ideally, we can spot a clear higher low with bullish variations to enter long on. Trade scenario 2: For us to consider AU bearish again we would need to see a break below our 0.65500 zone with a lower high below.
Long
by ForexLeague
1
DXY (USD Index) 4hour Analysis November 13th, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking newly bearish on DXY as last weeks’ volume sent the dollar into a downtrend. Going into this week we’re looking to see if this new trend will stick or not. Ideally, for more clear price action, we want to see a retest of 108.500 with a formation of a lower high below. Trade scenario 2: In the scenario where we don’t see a retest this week, it’s most likely that price action will keep falling until it finds it’s true lower low.
TVC:DXYShort
by ForexLeague
XAUUSD 4hour Analysis November 6th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Despite last weeks’ huge bullish volume we are still overall bearish. As long as price action remains below 1675.00 bearish is our bias. Going into this week we’re looking for reactions from 1675.00 and we can spot a couple good setups if we do head bearish again. Look to enter short on significant rejection & lower highs after a break of support. Trade scenario 2: For us to consider gold bullish again we would need to see a significant break above 1675.00 with a higher low above. Only in this scenario I would consider longing gold given the current price action.
FX_IDC:XAUUSDShort
by ForexLeague
2
EURJPY 4hour Analysis November 6th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We have been very bullish on EJ but as of lately we are seeing a 4hour bearish trend. Going into this week we’re looking for the classic break and retest. Price action is currently resting at our 146.250 zone and we’re waiting for reactions. If we are to continue bearish, look for rejection that confirms this lower high and target lower toward 144.000 Trade scenario 2: If we are to look for bullish setups we would need EJ to break back above 146.250 and form a convincing higher low.
Short
by ForexLeague
2
AUDJPY 4hour Analysis November 6th, 2022AUDJPY Bullish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we have been generally bullish on AJ but we have been stuck between these two zones for quite a while. Price action is clearly struggling to find a trend so we will wait until the range is broken. Ideally, we see price action break above our 94.750 resistance and form a higher low above. Look to enter long and target toward higher resistance levels. Trade scenario 2: For us to consider AJ more bearish on the 4hour timeframe we would need to see a break below the range and 93.750 support. Look to enter short on confirmed lower highs if this happens.
Long
by ForexLeague
AUDUSD 4hour Analysis November 6th, 2022AUDUSD Beaish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We have experienced some high volume last week which leaves us with a difficult chart to read this week. Looking at the chart we can see that overall we’re bearish until we see some structure above 0.65500 as that is where the last 4hour high plummeted from. Ideally, we can spot a nice reversal from this high and look to enter on lower highs below support levels. Trade scenario 2: If we are to consider AU bullish again we would need to see this bullish volume from last week continue and push AU above 0.65500. If this happens we can look for structure forming higher lows and comfortably enter long.
Short
by ForexLeague
1
DXY (USD Index) 4hour Analysis November 6th, 2022 DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall DXY has proven to be very bullish but we are currently seeing the 4hour timeframe as more bearish. Going into this week we’re looking for reactions near our 110.700 zone to better determine where price action goes next. Ideally, we would like to see a retest of 112.000 with a lower high formation to confirm more bearishness. Trade scenario 2: For us to consider DXY bullish on the 4hour timeframe again we would need to see a break above 112.000 with a convincing higher low above.
TVC:DXY
by ForexLeague
XAUUSD 4hour Analysis October 30th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we are still bearish on gold but we did see a push up to our 1675.00 area for another test. We did see some rejection from 1675.000 after and price action turned bearish. Going into this week we’re looking to continue with the bearish trend. Look for another test of 1660.00 with good bearish rejection to enter short on. Trade scenario 2: It’s hard to find a quality bullish setup to offer until we break above 1675.00
FX_IDC:XAUUSDShort
by ForexLeague
2
EURJPY 4hour Analysis October 30th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: EJ is still holding at this high and is still overall bullish. Going into this week we’re looking for bullish rejection from 146.250 minor support. Essentially we want to see a clear continuation up to 148.000 resistance. Trade scenario 2: If we are to consider EJ bearish this week we would need to see a break below 146.250 with a confirmed lower high below.
Long
by ForexLeague
USDJPY 4hour Analysis October 30th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish going into this week. UJ is performing exactly how we want it to after the recent bearish volume we’ve seen. Price action is currently respecting 145.000 support and could be setting up for a nice long opportunity soon. Going into this week look for further bullish rejection off of our 145.000 support zone and look to target higher toward 150.000 resistance. Trade scenario 2: For us to see UJ as more of a bearish chart we need to see key support at 145.000 broken. If we see this look for lower highs below to confirm the bearish trend.
Long
by ForexLeague
1
AUDJPY 4hour Analysis October 30th, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall AJ is looking bullish but price action is struggling to break above 94.750 resistance. We can see price action is resting right near resistance so the most likely situation is AJ falling back to 93.750 support. Trade scenario 2: For us to confirm AJ as full bullish again we need to see a break above 94.750 with a confirmed higher low above.
Short
by ForexLeague
AUDUSD 4hour Analysis October 30th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: AU is looking newly bullish as the 4hour timeframe recently broke above 0.64000 and is attempting to form a higher low. Look for strong bullish rejection and target higher toward 0.65500 Trade scenario 2: For us to see AU as bearish again on the 4hour timeframe we need to see a break back below 0.64000 with a lower high below showing us strong bearish rejection.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis October 30th, 2022 DXY Neutra; Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Beairsh Trade scenario 1: Overall we are still very bullish on DXY higher timeframes. but we have seen the 4hour present a bearish trend for the last week. Price action is currently resting near 110.700 resistance and we are waiting for the next reaction. Ideally, if we are to continue with the bearish trend, price action needs to reject 110.700 and start heading lower. Trade scenario 2: If price action breaks above 110.700 and starts forming higher lows it will be likely that we’ll see the next rally from DXY.
TVC:DXY
by ForexLeague
XAUUSD 4hour Analysis October 23rd, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We saw a large bullish surge at the end of last week but we are still overall bearish on higher timeframes. Going into this week we’re looking for reversals near 1660.00 with clear price action to enter short on. Ultimately look for lower high formations down to 1600.00 Trade scenario 2: If we are to consider gold bullish we really need to see a higher low above 1675.000, until that happens we’re generally bearish on the 4hour timeframe and higher.
FX_IDC:XAUUSDShort
by ForexLeague
1
USDJPY 4hour Analysis October 23rd, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Last week we saw a huge drop on UJ but it is still bullish, that’s how bullish overall we have been on higher timeframes. Ideally, we would love to see some consolidation to get a clearer look at price action but all we have is volume so scenarios are scarce. The most likely scenario is price action surging back to 150.000 with consolidation following. Trade scenario 2: If we are to consider another scenario we would look for price action to fall lower with consolidation closer to our 145.000 support level.
Long
by ForexLeague
1
AUDJPY 4hour Analysis October 23rd, 2022AUDJPY Neutral idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are newly bullish on AJ 4hour timeframe as we saw price action push up to 95.000 resistance. The most likely scenario is a continuation of this pattern formation with price action falling to support. You can either trade inside the pattern if this happens or wait for a bearish break to short. Trade scenario 2: If we do see AJ continue bullish we need to see structure above 95.000 resistance. Look to target higher if this happens.
by ForexLeague
AUDUSD 4hour Analysis October 23rd, 2022AUDUSD Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AU saw some bullish movement at the end of last week and price action is now resting near our 0.64000 resistance level. Price action did break a significant level and pattern but i’m not convinced we are bullish yet. Ideally we can spot structure above 0.64000 to get behind a bullish 4hour outlook. Trade scenario 2: For us to consider AU bearish again we would need to see a lower high below 0.63250. That would be the most comfortable scenario.
by ForexLeague
DXY (USD Index) 4hour Analysis October 23rd, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Last week we experienced some bearish news and we saw price action fall to our support around 112.000. We haven’t broken anything yet, the news seems to have just accelerated the pattern formation. Going into this week we are looking for a break or bounce of 112.000 to better understand where DXY is going next. Because no trend was broken it’s more likely that we will see DXY hold a bullish trend and move higher. Trade scenario 2: For us to consider DXY more bearish on a 4hour timeframe we would need to see a break below 112.000 with a lower high below.
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis October 16th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are back to bearish on GOLD and it looks like it will continue with this trend into the week ahead. Ideally, price action forms a lower high near 1660.00 followed by strong bearish variations. If this happens look to target lower toward 1630.00. Trade scenario 2: For us to see GOLD as more bullish we would need to see a break above key resistance around 1675.00 with a higher low above.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis October 16th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: All timeframes are back to bullish trends and price action is now right near a key zone, 144.000. Going into this week it’s more likely that we will continue bullish and see price action break 144.000 and form a higher low above. Look to target toward 148.000 if this happens. Trade scenario 2: If price action falls back through 144.000 look for strong rejection + bearish variations to confirm a new bearish trend.
Long
by ForexLeague
AUDJPY 4hour Analysis October 16th, 2022AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: AJ is also looking very bearish going into this week. Ideally, price action can form a clear lower high below 93.000 resistance and give us good entry opportunities. Look to target lower toward 91.000 support. Trade scenario 2: For us to consider AJ more bullish we first would need to see a break back above 93.000 resistance with a confirmed higher low above.
Short
by ForexLeague
AUDUSD 4hour Analysis October 16th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are still looking very bearish on AU going into this week. We recently saw massive rejection from our 0.63200 zone and it is likely that AU will push to a new low before showing us structure. If this happens we’ll have to remain patient and look for future structure. Trade scenario 2: If price action pulls back to 0.63200 we will have another potential short opportunity. Look for strong rejection and clear bearish price action to enter short.
Short
by ForexLeague