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AUDJPY 4hour Analysis August 14th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are looking bullish on AJ. Going into this week we are going to look for reactions near our 95.000 resistance zone. For us to continue bullish we need to see a significant high above 95.000 with a confirmed higher low above. Trade scenario 2: For us to consider AJ bearish again we would need to see strong rejection from 95.000 with a lower high below. Look to enter short and target lower toward major support levels.
by ForexLeague
AUDUSD 4hour Analysis August 14th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: We are back to bullish on the 4hour. We are actually looking a bit overextended at the moment. We can see price action is resting at our 0.71100 zone where we are waiting for reactions. Ideally, price action swings back to find structure and rejects support around 0.70000. This would present a higher low and good entry opportunities. Trade scenario 2: Price action is from any bearish opportunities but the first thing we would need to see is a break of support around 0.70000 with structure below.
Long
by ForexLeague
DXY (USD Index) 4hour Analysis August 14th, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are looking overall bearish since price action broke below our 106.400 zone. We can see a bit of a pullback happening after we hit 105.000 support and ideally we reach 106.000 then see strong bearish reaction. Look for strong rejection with a confirmation of a lower high below 106.000. Look for DXY to head lower toward major support levels. Trade scenario 2: For us to consider DXY bullish again we would need to see a break above 106.400 with a higher low above.
TVC:DXYShort
by ForexLeague
XAUUSD 4hour Analysis August 7th, 2022Gold Bullish idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Looking bullish here on Gold on our 4hour and daily timeframes. Unfortunately gold is consolidating near our 1800.00 zone and we need a clear direction for price action before we can get into a trade. If we are to continue bearish we need to see significant lower highs after rejecting our 1800.00 zone. Look to target lower toward our 1740.00 zone. Trade scenario 2: For us to identify long scenarios we ideally want to see structure above 1800.00
FX_IDC:XAUUSDLong
by ForexLeague
EURJPY 4hour Analysis August 7th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Clearly bearish on EJ going into this week. Ideally we can find some structure and a continuation. We are looking for price action to reject our 137.000 zone and start forming lower highs below. Look to enter on a significant lower high and target lower toward 133.000 support. Trade scenario 2: For us to consider EJ more bullish we would need to see higher lows above 137.000 first.
Short
by ForexLeague
1
USDJPY 4hour Analysis August 7th, 2022USDJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are back to bullish on all timeframes for UJ. Last week we saw the 4hour transition back to bullish after rejecting our 133.000 zone. Going into this week we’re looking for a significant higher low to enter long on. Trade scenario 2: For us to consider UJ bearish again we first would need to see a break below 133.000 with structure below.
Long
by ForexLeague
AUDJPY 4hour Analysis August 7th, 2022AUDJPY Bearish idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: We are clearly bearish on the 4hour timeframe with a good amount of volume present. We want to continue bearish so ideally we see this double top form and price action starts to fall. Look for a confirmed lower high below our 93.000 zone for short entries. Trade scenario 2: AJ has to prove a lot for us to see this pair as more bullish so until our 95.000 zone is broken we will remain mainly bearish on this timeframe.
Short
by ForexLeague
1