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XAUUSD 4hour Analysis July 25th, 2022Gold Bearish idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Gold has been significantly bearish and it looks like it will continue bearish into this week. Ideally price action rejects near 1740.00, confirms the lower high and forms strong bearish setups to enter short on. Look to target lower toward the 1676.00 area. Trade scenario 2: For us to consider gold more bullish we need to see a significant break back above 1740.00 with a confirmed higher low above.
FX_IDC:XAUUSDShort
by ForexLeague
EURJPY 4hour Analysis July 25th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ has been looking very bearish on the daily and 4hour timeframes and we’re looking to continue with that bearish trend. Going into this week we’re looking for lower highs below 140.000. If we can spot a good example of rejection + a lower high we will consider short setups into our 137.000 support zone. Trade scenario 2: For us to consider EJ bullish we first need to see a strong break of 140.000 resistance with key structure above.
Short
by ForexLeague
1
USDJPY 4hour Analysis July 25th, 2022USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Overall UJ has been very bullish on higherframes but as of last week the 4hour timeframe is looking more bearish. To move forward with setups we’re looking for a lower high to form below 136.500 and then we can target lower toward 134.500 area. Trade scenario 2: For us to see UJ as more bullish again we would need to see higher lows above 136.500 with strong bullish setups.
Short
by ForexLeague
AUDJPY 4hour Analysis July 25th, 2022AUDJPY Neutral idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: Overall we are extremely bullish on AJ but how price action is acting around our 95.000 zone makes this chart tricky. Ideally, we reverse near 95.000, as the pair is overextended, and start forming strong bearish characteristics. Trade scenario 2: For this pair to look very clearly bullish we ideally need to see a clear break above 95.000 with a confirmed higher low above.
by ForexLeague
AUDUSD 4hour Analysis July 25th, 2022AUDUSD Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4Hour Trend: Bullish Trade scenario 1: AU is looking very bullish since we broke back above our daily 0.68500 zone. Going into this week price action is strongly suggesting we will continue bullish so either price action will rally from where it is now and shoot higher toward 0.70000 or we will have a great opportunity to enter on a higher low (the blue trade path) Trade scenario 2: If we are to consider AU bearish again we would need to see a break back below 0.68500 with a confirmed lower high.
Long
by ForexLeague
DXY (USD Index) Daily Analysis July 25th, 2022 DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Bearish Trade scenario 1: Overall we are massively bullish on DXY higher timeframes but we have been forming a bearish 4hour trend since last week. The most likely scenario is that priceaction continues bearish. Look for lower highs and bearish trend characteristics. Trade scenario 2: For us to consider DXY bullish on the 4hour timeframe again we would need to see a break back above our 4hour zone near 107.600. Once we can confirm 4hour higher lows above 107.600 we will have a more bullish outlook.
TVC:DXYShort
by ForexLeague