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XAUUSD 4hour Analysis October 9th, 2022Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are finally looking more bullish here on GOLD. This week we’re looking for our new bullish trend to continue. Ideally, price action forms a significant higher low near our 1675.000 support zone. Look for strong reversals and target higher toward 1735.00. Trade scenario 2: For us to consider Gold bearish again we would first need to see price action break below 1675.00 and form a lower high below.
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis October 9th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: EJ has been overall very bullish but here on the 4hour timeframe we’re looking more bearish, especially after the recent break of our 142.000 zone. Going into this week we’re looking for the 4hour trend to continue bearish. We will look for short scenarios after a confirmed lower high forms below 142.000. Look to target lower toward 140.000 support. Trade scenario 2: For us to consider EJ bullish again we would first need to see a break back above our 142.000 zone with a higher low above.
Short
by ForexLeague
USDJPY 4hour Analysis October 9th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still bullish on UJ and it looks like we will continue with this trend through the week. Ideally, price action forms a higher low near 145.000 support with strong bullish variations to follow. Look to target higher toward our -27% fib level. Trade scenario 2: For us to consider UJ bearish again the first move we need to see is a break back below 145.000 support.
Long
by ForexLeague
AUDJPY 4hour Analysis October 9th, 2022AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking bearish on AJ and it looks like we will continue with this trend through the week. Ideally price action confirms below 93.000 and forms a lower high we can consider entering short on. If this happens look to target toward our -27% fib level & 91.000 support. Trade scenario 2: For us to consider AJ more bullish we would first need to see a break back above 93.000 with bullish setups in the range.
Short
by ForexLeague
AUDUSD 4hour Analysis October 9th, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are overall bearish on AU but we have been stuck in a range that looks to be breaking bearishly now. Going into this week we’re looking to ride the existing bearish trend and a break of 0.64000 with a lower high below would be enough to consider shorts. Trade scenario 2: If we are to consider AU more bullish we first would need to see a bounce off 0.64000 and the range continue. Look to target toward the top of the range then consider reactions at resistance.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis October 9th, 2022 DXY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are back to bullish after a significant rejection from 110.700 support. Price action reversed and pushed above 112.000 where it looks more bullish now. Going into this week we’re looking for this bullish trend to continue, we’ll look for higher lows near 112.000 before continuing higher. Trade scenario 2: If price action is to be seen as more bearish we would need price action to break back below 112.000 with significant bearish variations.
TVC:DXYLong
by ForexLeague
XAUUSD 4hour Analysis October 2nd, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bullish Trade scenario 1: We are still clearly bearish overall but the 4hour trend is pushing up. We are close to 1675.00 resistance and we will look for reactions near this zone this week. Ideally, price action rejects 1675.00 and continues bearish. If this happens look to enter short on clear lower highs. Trade scenario 2: If we are to consider gold bullish for entries we need to see a higher low above 1675.000
FX_IDC:XAUUSDShort
by ForexLeague
AUDJPY 4hour Analysis October 2nd, 2022AUDJPY Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are fully bearish on AJ and it looks like it will continue into this week. Currently we are in an active trade where we rejected from 38.2% sharply. It is likely price action will continue lower and establish a new lower low. If we are able to spot quality lower highs on the way we may consider entry opportunities. Trade scenario 2: For us to see AJ as more bullish we first need to break above the lower highs established at 38.2%. This needs to happen along with a higher low above 95.000, ideally.
Short
by ForexLeague
3
AUDUSD 4hour Analysis October 2nd, 2022AUDUSD Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall AU is still bearish and we are technically in an active trade. Currently price action is resting right near 0.64000 support and we are waiting for reactions. The most likely scenario is price action continuing to fall to a new low. If we see a break of 0.64000 we will look for lower highs to confirm more bearish pressure. Trade scenario 2: If we see a bounce off 0.64000 it is likely price action will push up toward 0.65500 resistance.
Short
by ForexLeague
1
DXY (USD Index) 4hour Analysis October 2nd, 2022 DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we know DXY has been very bullish but this past week we have seen a pullback to our 38.2% fib level around 112.000. Going into this week we are looking for reactions around 112.000. The most likely scenario is a bounce form 112.000 and DXY heading higher again. Trade scenario 2: If DXY is going to continue bearish we need to see a break below 112.000 with a lower high below.
TVC:DXY
by ForexLeague
XAUUSD 4hour Analysis September 25th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking steadily bearish here on gold and we have strong evidence we will continue to do so. Going into this week we’re looking for new structure. Ideally, price action retests 1660.00 and forms our next lower high. We will then look to target lower support levels. Trade scenario 2: If we are to look at this chart and consider gold bullish we would need to see a break above 1675.00 with a higher low above.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis September 25th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: EJ has been overall bullish for a while but recently we have been seeing a major down trend since rejecting our 144.000 zone. If we are to continue bearish we ideally need to see a bit of consolidation with significant bearish variations to follow. Look to target toward lower support levels. Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 140.000 with a higher low above.
Short
by ForexLeague
USDJPY 4hour Analysis September 25th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking bullish on UJ as we approach major resistance around 145.000. If we are to consider trades we need to see a significant higher low above 142.850 then we can target higher. If not, we will have to wait for reactions around 145.000 Trade scenario 2: For us to consider UJ ready for shorts we would need to see a lower high below 142.850 support. Look to target lower toward 140.000 support.
Long
by ForexLeague
2
AUDJPY 4hour Analysis September 25th, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Currently AJ is in a steep downtrend and it will be hard to catch falling price action. Ideally, we will look for a retest of 95.000 resistance with convincing bearish variations to enter short on. Look to target lower toward 93.000 support. Trade scenario 2: If we are to consider AJ bullish we would first need to see a break above 95.000 resistance with a higher low above.
Short
by ForexLeague
DXY (USD Index) 4hour Analysis September 25th, 2022 DXY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we can see DXY is very bullish and overextended. Going into this week we will be looking for retracements and structure formation closer to our 110.700 support zone. Ideally we can spot healthy structure and move forward with a bullish trend. Trade scenario 2: The other scenario would be failure to form structure because It is likely price action will not retrace and will continue rallying toward a new high.
TVC:DXY
by ForexLeague
XAUUSD 4hour Analysis September 18th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Looking bearish as we go into this week and we can see our 1675.00 support zone was taken out recently. Going into this week we’re looking to ride the bearish trend. We ideally need rejection from 1675.00 as new resistance. Look to target lower toward our -27% fib level. Trade scenario 2: If we are to see gold as bullish we first need to see a rally higher into the prior range.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis September 18th, 2022EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1:We are still overall very bullish but we are currently forming a head and shoulders pattern near 144.000 resistance. Going into this week we need to wait and see if the head and shoulders will complete or if price action will remain bullish. Look for a break of 142.000 with a lower high below to enter short. Trade scenario 2: If price action breaks above 144.000 look for a higher low above to consider long scenarios.
by ForexLeague
2
USDJPY 4hour Analysis September 18th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still unbelievably bullish on UJ but price action does seem to be slowing down since we hit 145.000. The most likely scenario is price action continuing bullish and rallying back into 145.000. Look for a break above 145.000 to continue higher. Trade scenario 2: For us to look at UJ more bearish we would need to see the rejection from 145.000 follow through. This would mean price action breaks lower now and starts forming lower highs. Look to target lower toward 140.000.
Long
by ForexLeague
AUDJPY 4hour Analysis September 18th, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall AJ has been bullish on the major timeframes but last week the 4hour timeframe has been falling off in a strong bearish trend. If we are to continue bearish we would need to see strong rejection from the current zone 96.000. Look to target lower if this happens. Trade scenario 2: If price action pushed back above 96.000 it’s likely we will see a rally to 97.000 where we will have to look for a break or bounce.
Short
by ForexLeague
1