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XAUUSD Technical Analysis 24.04.2023 1h chart– Previous Weekly candle closed Bearish at 1982.900 respecting recent Weekly Resistance formed around 2008.000 and retesting Weekly Support formed on 1st Week of April 2023, Previous Daily candle also closed Bearish forming Daily Resistance around 2004.800. – Buys on close above 1989.300 targeting 15min Resistance formed at 1996.000, Leaving Runners to the 1h Resistance formed at 2003.000. – Sells on close below 1979.100 targeting 1h Support formed at 1973.700, Leaving Runners to the Weekly / Daily Support formed at 1969.200. – Monthly candle retracing on the lower timeframe to Entry level as the Monthly candle almost coming to a close leaving a Rejection wick around 2048.900. will be interesting to see how the new Weekly candle play out as we might see price retesting previous Monthly Resistance formed in February 2023.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 24.04.2023 1h chart– Previous Weekly candle closed Bullish at 166.820 creating new Weekly High for 2023, Daily closed small Bearish candle leaving a Rejection wick at the Previous Daily Support area. – Buys on close above 167.180 targeting Daily Resistance at 167.500, Leaving Runners to the 4h / 1h Resistance at 167.750 – Sells on close below 166.590 targeting 15min previous Resistance formed during the London session on last Friday at 166.230, Leaving Runners to the 4h Support formed at 165.860. – The probability for price retesting Daily Support formed on Friday 14th April 2023 is High knowing the last 4 weekly candles closing Bullish and we haven’t had any price retest to the previous broken Weekly Resistances on the left.
by SalimFX20
XAUUSD Technical Analysis 21.04.2023 1h chart– Previous Daily candle closed Bullish at 2004.600 forming new Daily Support around 1994.700 as price Consolidating on the Daily timeframe. – Buys on close above 2008.000 targeting 30min Resistance at 2013.000, Leaving Runners to the 15min previous Support formed on 14th April 2023 at 2021.900. – Sells on close below 1999.200 targeting 30min Support at 1994.100, Leaving Runners to the 1h Support formed at 1990.300. – Flash Manufacturing PMI and Flash Services PMI data to be released during the New York session.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 21.04.2023 1h chart– Previous Daily candle closed Bearish at 166.980 forming new Daily Resistance around 167.500. – Buys on close above 167.260 targeting 4h Resistance at 167.570, Leaving Runners to the 1h Resistance at 167.870. – Sells on close below 166.840 targeting 4h Support at 166.520, Leaving Runners to the next 4h Support at 166.280. – Retail Sales m/m data for the UK Economy to be released 1hour before London open, followed by Flash Manufacturing PMI and Flash Services PMI during the London session.
by SalimFX20
XAUUSD Technical Analysis 20.04.2023 1h chart– Previous Daily candle closed Bearish at 1994.700 forming Daily Resistance at 2005.100 as Wednesday Daily candle made a low at 1969.300 tapping into the Weekly Support formed from the beginning of the Month (April). – Buys on close above 1997.400 targeting 1h Resistance at 2004.500, Leaving Runners to the Weekly Resistance formed at 2008.500. – Sells on close below 1988.700 targeting 4h Support at 1980.100, Leaving Runners to the 30min previous weak Resistance formed at 1974.300. – High Impact News day ahead for the US Dollar starting with Unemployment Claims, Philly Fed Manufacturing Index, Existing Home Sales, Treasury Sec Yellen due to speak about US-China Economic Ties at the Johns Hopkins University’s School of Advanced International Studies in Washington, We also have FOMC Member Waller delivering a speech titled “Cryptocurrency and Central Banks” at an event hosted by the Global Interdependence Center in Sarasota.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 20.04.2023 1h chart– Previous Daily candle closed strong Bullish at 167.500 above the recent Daily Highs formed early this week and last week. – Buys on close above 167.920 targeting Daily Resistance formed on 15th December 2022 at 168.340, Leaving Runners to the next Daily Resistance formed on 13th December 2022 at 168.820. – Sells on close below 167.350 targeting 1h Support at 167.050, Leaving Runners to the next level of 1h Support at 166.790. – As the previous Daily candle closed strong Bullish, the targets for Sells becomes smaller than Buys as we follow the current Bullish Trend.
by SalimFX20
XAUUSD Technical Analysis 19.04.2023 1h chart– Previous Daily candle closed Bullish at 2005.100 forming new Daily Support at 1995.100. – Buys on close above 2012.200 targeting 15min previous Support formed on 15th April 2023 at 2022.000, Leaving Runners to the 15min Resistance formed at 2028.000. – Sells on close below 1999.000 targeting 30min Support at 1993.300, Leaving Runners to the 1h Support formed at 1985.300. – Ideally is to allow the Asian session to Consolidate prior to Pre London session for when the good market volume kicks in.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 19.04.2023 1h chart– Previous Daily candle closed Bullish at 166.530 breaking above the previous Weekly High. – Buys on close above 166.900 targeting 30min Resistance formed on 16th December 2022 at 167.230, Leaving Runners to the Daily previous Support formed on 14th December 2022 at 167.660. – Sells on close below 166.450 targeting 4h Support at 166.240, Leaving Runners to the Daily Support formed at 165.930. – High Impact News data ahead for the Pound Sterling at Pre London for the CPI y/y forecasting 9.8% / Previously was 10.4%, High Volatility expected at the London Open.
by SalimFX20
XAUUSD Technical Analysis 18.04.2023 1h chart– Previous Daily candle closed bearish at 1995.100 respecting Daily Resistance formed on Friday 14th April 2023 and tapping into Daily Support formed on Tuesday 11th April 2023. – Buys on close above 1997.300 targeting 1h previous Support formed at 2004.600, Leaving Runners to the 4h Resistance formed at 2010.600. – Sells on close below 1985.300 targeting 1h Strong Support formed at 1978.200, Leaving Runners to the Daily Support formed at 1969.400. – Based on how the previous Weekly candle closed forming Resistance around 2007.800 and leaving a Rejection Wick around 2048.700, there is a higher probability for price to retest the recent Weekly Support formed on 3rd April 2023.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 18.04.2023 1h chart– Previous Daily candle closed Small Bullish at 166.340 closing above Daily Resistance formed on Thursday 13th April 2023 (Last Week). – Buys on close above 166.510 targeting 4h Resistance formed at 166.740, Leaving Runners to the 1h Resistance formed on 16th December 2022. – Sells on close below 166.100 targeting 4h Support at 165.810, Leaving Runners to the 1h Support formed at 165.600. – High Impact News data ahead for the Pound Sterling during the Pre London session for the Claimant Count Change and the Average Earnings Index 3m/y, High volatility expected during the London open session.
by SalimFX20
XAUUSD Technical Analysis 17.04.2023 1h chart– Previous Weekly candle closed Doji Bearish at 2004.300 leaving a Rejection wick at 2047.500, Friday Daily candle closed Strong Bearish forming Daily Resistance at 2040.700. – Buys on close above 2006.600 targeting 1h previous Support formed at 2013.700, Leaving Runners to the next 15min Support formed at 2022.100. – Sells on close below 1995.800 targeting 4h Support at 1989.500, Leaving Runners to the Daily previous Resistance formed on 31s March 2023 at 1980.700. – High Impact News ahead for the Empire State Manufacturing Index data 30min after the New York session opens.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 17.04.2023 1h chart– Previous Weekly candle closed Strong Bullish at 165.990 just within the Rejection wick formed on the last weekly candle of February 2023, Friday Daily candle closed weak Bullish as price has been ranging across all the sessions. – Buys on close above 166.300 targeting 1h Resistance 166.170, Leaving Runners to the 1h Resistance formed on 16th December 2022 at 167.100. – Sells on close below 165.880 targeting 1h Support at 165.620, Leaving Runners to the 4h Support formed at 165.350. – Ideally is to wait for price to break out of the No Trade Zone with price confirmation.
by SalimFX20