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Minhmeo

EURUSD analysis for Week 7 Last week, EURUSD broke through the parallel channel. On Friday, we can see the indecision reflected by a doji candlestick. My bias on this pair is still pretty bullish. There are 2 scenarios on EURUSD that I think could happen next week: Price could reverse to the upside and form a higher high. I will execute a long order after seeing a daily bullish candlestick formed on Monday ( could be morning star formation) If there is a further correction, 1.2100 would be my target zone. I will wait for the price action there and update more information about it.
Long
by MinhDucPham
AUDUSD analysis for Week 70.7750 which used to be a strong level of resistance now acting as a support. My bias on this pair is still quite bullish On weekly time frame, MA crossed to the upside. We can see series of higher high and higher low. We could potentially form a new higher low right now. On daily time frame, a rejection at 0.7750 and a bounce from 50MA is a good trend reversal signal for me to go long on this pair. However, I only prefer to do some short-term trade on AU at this moment. My first target could be 0.79250. I will then waiting for the price action and see if AU could go any higher.
Long
by MinhDucPham
GBPJPY analysis for Week 5Hi traders, on weekly perspective we can see that last week GBPJPY failed to remain above 155.00 key level. Very weak bullish candle close might indicate that GJ now want to go down to find a lower high. On daily time frame, I can see a huge shooting star candlestick that closed below the 8 EMA. We have a 0.168 Fibonacci line-up perfectly with my key level at 152.500 which could be my first target on the pair. However, this is just a short-term bearish trade. My long term bias on this pair is still quite bullish !
Short
by MinhDucPham
ETHUSD long signalHi traders, after few weeks of market correction, I can see a buying opportunity on ETHUSD now. Price came all the way down to 800 level to test the 0.618 Fibonacci as well as the 50MA. It then went sideways for some time and created series of higher high candlesticks. EMAs crossing over and 2 strong bullish close indicates that ETH is ready to go much higher. My target for Ethereum will be around 1800-2000 by the end of February. I will wait for some pullback on H4 timeframe to execute the trade. More information about this pair will be updated. Thanks for your time !
BITFINEX:ETHUSDLong
by MinhDucPham
1
GBPAUD analysis for Week 5As I mention in my analysis last week, my long term bias on GA is pretty bearish. Last week, we came all the way to 1.7700 to test the 0.618 Fibonacci level. After that, GA formed a evening star candle, with extreme bearish close on Friday. I will expect some futher down side momentum on this particular pair, 1.72500 will be my first target. Depend on the price action around such level, I will then update my analysis on this pair. Now, I personally will wait for any retracement on H2 time frame to actually execute a short.
Short
by MinhDucPham
AUDUSD analysis for Week 5Hi traders, last 2 months what a incredible move for AUDUSD. Last week, we broke 0.8100 and create a 2-year high since May 2015. Price on Daily time frame was guided accurately by the MA. Now what I actually do is wait for the reaction of the pair around 0.8100 level of resistance. It has been tested 3 times last year and failed to closed above. My first scenario is a strong close above 0.8100. Price then find a historical level of resistance at around 0.8200, go back to retest 0.8100 then go much higher. Combined to the DXY analysis, I actually prefer this one to happen Second scenario: It's a fail break, then 0.79250 will be my next target on the pair Let's wait and see what will happen next week!
by MinhDucPham
1
Bear market slows down.Expect price going sideway for sometime. Hello traders, we all experienced XRP price going to the moon since Dec 2017 with more than 1000% gain in a month. Looking at the Fibonacci, now we are stalling at 1.2000 support area, after testing 0.786 Fib. On the H4 time frame, the bearish are slowed down with a triangle pattern and waiting for a break. All my MA are staying close to each other. Me personally would expect this pair to go sideway for sometime. My target for ripple at the end of the month is 1.60 to be reached again and 4.0 for the next month.
by MinhDucPham
2
GBPAUD analysis for Week04Short-term bullish, long-term bearish Weekly: Last month, the pair created a higher high at 1.8000, evening star formation then formed as a sign of retracement. With weekly time frame, especially on GBP pair, I would expect something like 0.786 Fibonacci to be met. 1.7000 would be my main target for GBPAUD until the end of the month. Daily: On daily time frame, after 4 weeks of consistently bearish, price found a support at 1.7100 and was pushed up slightly. This is just a retracement for a long-term bearish. I believe that price could retest the 1.7500 key level and then fall to 1.7000 by the end of January
by MinhDucPham
GBPJPY analysis for Week04Weekly: Weekly time frame is filled with choppy bullish candlesticks. We are still in a pretty clear bull trend. 155.00 was a target for my previous week. Now I would like to wait for the reaction of the pair around 155.00 once again. Daily: On the daily time frame we created a higher high last week. 8EMA is crossed over. We could continue bouncing in the parallel channel or a huge break through the 155.00 could be considered as another scenario. Let wait and see!
by MinhDucPham
EURUSD analysis for week 04Weekly : On weekly time frame, we can see that last week close is pretty weak. We already created the new high ( compare to the lower high in September 2017). What I would expect now is a bit of retracement on this pair and then might be more bullish in the future Daily : Last Friday candle closed as a shooting star, we can see the wick rejection all around 1.2300 zone. 1.2100 used to be a huge level of resistance in the past, now it could act as a support level (line up perfectly with the Fibonacci 0.618). My short term target would be 1.2100 and then 1.2400 for the end of January
by MinhDucPham