Hi Traders, here is my analysis for EURUSD Technical Analysis: Monthly Timeframe: Strong Downtrend market is still evident on the monthly Timeframe with price action consolidating beneath a strong resistance level as well. Though Price has broke out and close above the trendline resistance, I would be very cautious with opening Long position from these highs...
Trading View Analysis Template Hi Traders, here is my analysis for EURGBP Technical Analysis: Monthly Timeframe: Market has been consolidating for the past 4 years, holding the lows of 0.8300 and highs of 0.9300 as string support and resistance respectively. The current market structure shows where this consolidation may be the wave 2 correction, with a...
Hi Traders, here is my analysis for EURNZD Technical Analysis: Market has been gradually progressing higher over the past couple of years. Recent Price Action from a monthly perspective shows we’ve broken above a strong resistance zone at $1.77 now also acting as strong support. It's a strong possibility to see price action in the $1.86 region based on the...
Hi Traders, here is my analysis for the EURCAD On Daily Timeframe we are seeing where the market have broken out of its 3 month consolidation, with a strong bullish impulse to the upside, hitting March’s highs in the process. Price action also corrected to 61.8% of the impulsive from the breakout. This is also corresponding with the trend channel acting as...
Trading View Guide: Hi Traders, here is my analysis for the US Dollar (DXY). In my earlier post on the weekly analysis you would identify where we are in what appears to be the corrective 4th wave of the super cycle for the dollar, and I was anticipating a further movement lower to complete the cycle. Observing the daily timeframe we can see where price has...
Hi Traders, here is my analysis for EURUSD We should start to see some strength coming in the dollar as the market starts to rally from its 6week sell off. The market however is still showing signs of maintaining its uptrend from a 4Hr perspective as price as continuously respect its trend support and retesting the weekly highs. This is due to the Euro still...