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USDJPY, no trade in week 10, Short for Week 11USDJPY did not move as expected in week 10, rather, it consolidated and seems to complete a big reversal formation. In Week 10, it did not rise, but rather formed a seemingly inverted U shape, which indicates a reversal. It seems like the bull power is dying off and the trend would be moved by the Bear. In Week 10, USDJPY still remains an unsure pair even though it seems like it can be long, but I still advised against longing the pair back in week 9. Now with the big move downwards, I would say that USDJPY can be traded again, and this time, short it all the way down! I would be confident for the short of USDJPY in week 11. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Short
by xunnobi
USDCHF, ez Week 10, expectations for Week 11USDCHF moved exactly to what we expected, pretty much like what happened to our analysis of GBPUSD. I hope you managed to make good profit out of it. in week 10, USDCHF completed its 3 level bullish trend. On Friday, it made a fast reversal, no double top seen on the H1 chart. The reversal can be seen as a inverted V, and it broke a new level, so we do not need to wait for a second double top. I put it as M as an indication of reversal. Since it has completed its 3 level of bullish movement, we would be expecting a drop in week 11. Since it has also broke into level 1 of the bearish trend, it further reinforced the bearish trend that we would be seeing in week 11. USDCHF would be a short for Week 11, and I am excited to see how far it would go. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Short
by xunnobi
GBPUSD, ez Week 10, ready for Week 11GBPUSD moved as expected for week 10, and if we were to enter a short starting Monday, you would enjoy a straight profit through the week, how awesome is that. In week 10, we the GBPUSD completed a 3 level bearish move, it was a great move and I am sure it trapped many short traders. Looking at the current analysis, the GBPUSD seems to be forming the second leg of the double bottom, which is seen as a reversal pattern. If a double bottom is being formed, we can enter a long and wait for another 3 level of movement to be completed before we can switch to sell again. For week 11, I am expecting to long the market, given the completion of 3 levels of bearish movement. I hope all traders to continue with a profitable Week 11 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY , and USDCHF!
Long
by xunnobi
GBPUSD, week 9 sharp rise, what to expect for week 10?GBPUSD made a sharp rise in week 9, and it was the opposite of what the analysis showed in week 8. In week 8, it was expected that the pair would move downwards, rather than a rise because of the reversal pattern spotted. A red flag would have been spotted given that a long consolidation occurred and the price did not shift down as expected. For week 10, I would expect some consolidation and I would not trade it until a clear candlestick combination show itself. However, I would still be looking for a short entry rather than a long entry. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Short
by xunnobi
USDJPY, week 9 move gives week 10 a clear directionUSDJPY has continued its upward move in week 9 and it showed no mercy in its move. USDJPY made fast price movement and reversing back upwards after a seemingly bearish reversal move. I continue to avoid trading USDJPY for week 9 for a simple reason. I was unclear of the direction. However, the move in week 9 seems to have pointed out that the pair would continue its bullish move in week 10. A reversal pattern was spotted, albeit in the absence of a three-level downtrend move. The reversal move can be seen as an H&S or double bottom, just like USDCHF. The bull power seems to be strong in the pair as the price moved up with no reservation and no signal of any retracement. Most retail traders would expect a pullback, but I doubt that would happen. So for week 10, I would be looking to enter long, probably in Tuesday or end Monday. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Long
by xunnobi
USDCHF, Level 4 drop for week 9, can it rise for week 10?USDCHF continued to consolidate for Monday in week 9 and in the end, broke the low of the whole consolidation zone. It reached a new low and formed a level 4 bear trend in the chart. I was long for this pair, so I am trapped in week 9. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine. From the analysis, we can see that it formed a classic formation of H&S or some may call it a V reversal. So with that, I am expecting an upward reversal in week 10. I cannot say how long, or how high it will go, but I will be going in long for this pair as well. Since the pair ended the week in a reversal zone, when the market reopens, we can enter the market prudently. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY, and USDCHF!
Long
by xunnobi
EURUSD, Week 9 is a reset, Week 10 to drop.EURUSD moved the opposite direction of what was expected in our week 8 analysis. I did not expect it and I was trapped badly. However, in week 9, it seems to have completed a three-level bullish trend and completed the week with a double top on the H1 chart. Getting trapped in the wrong analysis is no joke. It took a good 15% off my overall equity, combined with all the losses of other pairs. Fortunately, the profits from past weeks trading acted as a cushion against the bad trade management of mine. This week's analysis seems to point towards a drop for next week because of the full three-level bullish move made in week 9. It ended the week with a double top, and looking at the day chart, it seems to point towards a drop in week 9 as well. I will be monitoring on Monday to decide what would be the direction, but currently, it is short for me. I am expecting a drop of a minimum of 2 levels for week 10 and hopefully, it reaches that level that I am looking for. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD , GBPUSD , USDJPY and USDCHF!
Short
by xunnobi
Dollar - Weekly Forecast 25th - 29th FebruaryDollar fell further as expected as it formed a bearish Gartley pattern. The price was seen supported at first within the demand zone at 96. The price attempted to rebound and climbed slowly for two days. And on the last day, gains are mostly wiped out due to either a strong selling pressure had appeared or there's not enough buying strength to support a stronger rebound. Therefore, the price is expected to fall further this week as it seeks a stronger demand below.
TVC:DXYShort
by AlgoVenture
EURUSD, uni direction in week 8, can it reversal in Week 9?EURUSD, together with GBPUSD and USDCHF moved accordingly to our analysis in week 8 and ending Week 8 strong. I hope this helps all you traders out there to make some profit, and I hope it give you guys a good week as written on my week 8 title. =) I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. The analysis of EURUSD week 9's movement did showed that the bull seems to be weakening and I have also identified a level 3 bullish zone which signaled that the EURUSD could be coming in with a bearish move instead in week 9. The area to the right of the M that was not boxed, has also presented a M shape. So you can also look at the analysis this way, the box area with a M on top can show a high/low reset, meaning a trend reset, followed by a M, which is the reversal pattern coinciding with level 3 bullish zone. So both analysis pointed me towards shorting the pair, and I am following suit for week 9. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Short
by xunnobi
GBPUSD, Week 8 as expected, Week 9 can be differentGBPUSD moved as how we expected in Week 8, finishing a 3 levels of bullish move. It was not bad, just that instead of long, I shorted it due to the opening gap on Monday. I hope not many does the same as me. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. Looking at the analysis, I do expect the GBPUSD to finish off lower in Week 9 as compared to week 8, perhaps reaching a level 2 bearish zone. The break away from the level 3 reversal zone is a fast one on Friday and ending Week 8 in the zone of level 1 bullish zone. I am holding on to 3 positions of the short and will continue to hold on to it till the level 2 bearish zone before I decide to exit of continue holding. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Short
by xunnobi
USDJPY, trapped in Week 8, Week 9 blurredUSDJPY did not make any major movement in Week 8, contrary to our analysis made in Week 7. While it did not make big upwards move, it seems to have tried making failed downward price pattern. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. The failed attempt is most visible on Friday, when a double bottom was spotted, and it only make about 30 pips down, and it came back up again and close the week and Friday higher. It is suggesting a strong bullish power still maintaining in the trend and with no big movement, we can expect Week 9 to have some explosive move through the week. I am in the view that USDJPY will continue its bullish move with one or two explosive upward movement of 50 to 100 pips next week. I am comfortable to trade USDJPY next week, so prolly I will be entering smaller long position in Week 9 when the market opens. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Long
by xunnobi
USDCHF, Week 8 as expected, Week 9 reversal?USDCHF move exactly as expected from our analysis on week 7. Finishing the week with a volatile Friday. However, I changed something to the week 7 analysis to reflect a more accurate trend movement. In our Week 7 analysis, I actually used a H&S to reflect the level 3 reversal zone. But after considering the move this week, I decided to change to better reflect the 3 bearish trend movement as I analyzed the Week 8 to end with a reversal zone, which coincided with a level 3 bearish zone. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. Currently USDCHF seems to finish the full double bottom reversal shape, and I am waiting for it to break the high of the level 3 reversal zone. I am hopeful that the price will resume a bullish movement in Week 9. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Long
by xunnobi
Gold - Weekly Forecast 18th - 22nd FebruaryThe gold set to climb further after a strong rebound that lasted throughout Thursday and Friday. The price has successfully rebounded off from a demand zone and broke out of the range between 1316 and 1303. The price is also seen breaking above an inside bar based on W1 chart, a sign of a strong bullish moment. Traders can wait for the price to retrace back to 1316 ideally for re-entry to long. As long as the price maintains above 1310, my view on the gold will be bullish.
FX:XAUUSD
by AlgoVenture
Dollar - Weekly Forecast 18th - 22nd FebruaryThe dollar climbed and created new high every day without failed and eventually entered into the 2-month supply zone at 97. The Gartley pattern was successfully formed as a result and on Friday, the price took a strong bearish stance, leaving a long upper shadow. Just a week before, the dollar has gained consecutively for 8 days but this week itself, there are 3 bearish candles against just 2 bullish candles. The selling is obviously building up and with both bearish Gartley and a strong supply zone, the dollar will finally face a bearish week this time. Furthermore, we cannot ignore the fact that the US economic data is clearly showing an obvious slowdown in the US economy. And perhaps, the dollar has come back to a level too strong for the US president to ignore.
TVC:DXYShort
by AlgoVenture
USDCHF, week 7's long tail for week 8 reversal?USDCHF moved inline with our expectation in week 6, however, a little surprise came along. However, if you have been going long with USDCHF, you would have made a good profit and stay relatively comfortable for the whole week 7. In week 7, I traded all the 4 symbols I analyzed here in tradingview, and I made about 7% profit in my PAMM managed fund and I hope my signal subscribers are happy with the results as well. If you have a bigger leverage and risk appetite, 7% would be minute as compared to your gain in week 7, I hope you make a profit from week 7's trading. On the Monday of Week 7, USDCHF made a surprising upward move and ended it off lower than the starting point (hourly candle), that left a 90 pips upward tail. I didnt seek to find out what caused the spike, all I knew was that the opportunity to enter has presented itself. I went long, and exited for about 35 pips on that day itself after I spotted a consolidation. (the consolidation did happen and lasted till Tuesday) The reason why I entered long was due to the analysis of Week 6 and a seemingly week reversal price pattern that was spotted as a bearish level in week 6. Holding till the end of the week would have yield great returns, however, it was not my habit and trading style to do that. In the analysis of Week 7, we saw the formation of a classic H&S, which fell in line with our bullish zone 3, which would typically see price reverse at that zone. Thus, we are expecting a downward move in the coming week 8 for USDCHF. For the coming week, I am most comfortable to trade GBPUSD, EURUSD, followed by USDJPY then USDCHF. If you have any thoughts on USDCHF's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
USDJPY, quick reverse in week 7, outlook for week 8USDJPY moved as analyzed in week 7. A strong upward movement which ended on Thursday and followed by a start of bearish trend through the end of week 7. For traders who long the pair would be delighted to see their account increase in the first half of week 7, however, the signal to short is quite fast, even though I caught it myself, I exited before the day ended on Thursday. In week 7, I traded all the 4 symbols I analyzed here in tradingview, and I made about 7% profit in my PAMM managed fund and I hope my signal subscribers are happy with the results as well. If you have a bigger leverage and risk appetite, 7% would be minute as compared to your gain in week 7, I hope you make a profit from week 7's trading. Looking at the analysis of USDJPY, we would expect them to break down to bearish zone 2, currently, the price is staying the bearish zone 1. However, we are not too sure where is the high of the zone yet, so I am looking forward to a candlestick combination which would signal me to short USDJPY. In week 8, I am expecting USDJPY to at least land itself in the area of bearish zone 2 before completing the week. However, stay flexible and mindful of the changes, if it is not according to plan, please exit. We live to fight another day! If you have any thoughts on USDJPYs movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
EURUSD, not a good week 7, expect a good week 8In Week 7, EURUSD can be seen as a little confusing to traders. In Week 6, we expected a continuation of the bear trend, but we only see EURUSD keeps pushing and coming back to the zone of the previous zone. That could lead us to think that if the break of the zone has failed and instead stay long or stay out. I would like to think that it is ok to stay out in such an environment because, at first glance, it is a bit difficult to separate them out. In week 7, I traded all the 4 symbols I analyzed here in tradingview, and I made about 7% profit in my PAMM managed fund and I hope my signal subscribers are happy with the results as well. If you have a bigger leverage and risk appetite, 7% would be minute as compared to your gain in week 7, I hope you make a profit from week 7's trading. In the first half of week 7, it should be easy for traders to extract profit out of the bearish move of EURUSD. In the later part of the week, I started asking myself if it is going to reverse, and on Friday, I made up my mind that it might continue a downward trend instead. Like GBPUSD, towards the end of Friday, it made an explosive move upwards, which I stayed out as I decided to rest myself. As we can see from the analysis of week 7, it did complete 3 levels of a bearish zone, however, each zone is close to another which would be the reason why traders might be confused over the status of the trend. The decisive upward move on Friday should clear the doubts that we should have, and we can expect an upward movement in week 8. I would expect the pair to at least reach a level 2 bullish zone in week 8, and I am quite excited about it. I would be using the same entry plan as mentioned in my analysis of GBPUSD, to minimise the potential losses. If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Long
by xunnobi
GBPUSD, a good week 7, where will week 8 goes?In Week 7, GBPUSD made a wonderful continuation of the established bearish trend. In week 6, the bearish trend rested at bearish zone 2, which leaves us halfway through the trend. In preceding week 7, we see it completed the whole cycle of a bearish trend. I am excited about the new bull trend in week 8. In week 7, I traded all the 4 symbols I analyzed here in tradingview, and I made about 7% profit in my PAMM managed fund and I hope my signal subscribers are happy with the results as well. If you have a bigger leverage and risk appetite, 7% would be minute as compared to your gain in week 7, I hope you make a profit from week 7's trading. GBPUSD made consistent and predictable movement in week 7, until the hours before closing on Friday. I was actually shorting before the rise, and I exited the trade with minimal losses, I think my subscribers who are looking at the trade with me must be worried. Shorting about 1 hour after I exited my short trades, it made an explosive rise, but I am not aware, as I went to rest. Its a missed trade for me and a good example of how someone can mistake a reversal for a continuation of the trend. Moving on with the analysis, we can see that the rise on Friday consists about 100 pips, and I would say that its strong and there was not much seller movement on Friday, probably they are busy buying now, and not prepared to sell in the near term. A reversal pattern at level 3 bearish trend has been spotted and completed, so we would expect the price to rise to at least a level 2 bullish zone in week 8. A lot can happen in week 8 to reach that zone, my plan would be to enter a buy after the market opens and slowly build my positions. If the market continue to shift downwards, at least I can exit with minimal losses. Account protection is more important than anything else in FX trading. With that, I end my summarised GBPUSD analysis for week 8. I hope you guys will continue to stay profitable in week 8! If you have any thoughts on GBPUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Long
by xunnobi
Gold - Weekly Forecast 11th - 15th FebruaryWhen gold finally broke above 1300, it was a sign that the price will continue to rally and it did. But what's quite abnormal is how fast it gained another 26 dollars with no resistance and in just a few days. However, seeing how bullish the gold is, many fell victim into a so-called 'hot deals' but only to find their positions been locked down as it ranged downwards. How so? The indication comes with a very small candlestick coupled with a very high trading volume. If the gold had stayed bullish, such a high trading volume should have caused the price to jump further and beyond 1330. But on the contrary, the candlestick is so small and there could only be one reason - there's fast-growing selling pressure. This is a clear sign of a stop to the bullish trend but not a confirmation to sell just yet. In any case, we always look at two sides of the coin: the gold may reverse and start to fall OR the selling pressure has dissipated and the gold resume appreciation. I will consider buying only if the price reaches the demand zone just below 1300. I will consider selling from 1316 onward.
FX:XAUUSD
by AlgoVenture
Dollar - Weekly Forecast 11th - 15th FebruaryThe week ended with the 7th-day consecutive gains, showing how attractive the dollar is which also suggested just how much impact can high-interest rate brings. Despite the fact that the dollar is on a bull run, it is nevertheless limited on the upside as the dollar reaches and beyond. The price closed just below the key level 96.7 with a long lower shadow which shows that selling strength is weaker as compared to the buyers but was also due to the expansion in the volume of selling strength. In short, selling pressure is increasing, buyers are ready to exit and the price will start to fall again eventually. For this week, the dollar is still expected to climb higher but with strong resistance along the way. Once the price enters the 2-month supply zone around 97, a ranging market is likely to occur while at the same time, a bearish Gartley is completed. Whether the price will begin to reverse or not, it will probably take another 1 to 2 weeks to decide.
TVC:DXY
by AlgoVenture
GBPUSD, week 6 as expected, ready for week 7!GBPUSD made a great bearish movement in week 6. It should provide short traders with awesome profit. Together with my entries in EURUSD, it enabled me to make an increase of about 8% in my account equity. Not too bad in my view. In week 6, we see a break down to bearish level zone 2 and it ended off staying in that zone on Friday. What would be expected might be a consolidation then a continue bearish break. It just one of the possibility that I am expecting it to happen, so if it doesn't come as expected, I would just stay out and wait and reassess the market again. I hope all traders continue to make a good profit in week 7! If you have any thoughts on GBPUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
EURUSD, week 6 as expected, can week 7 remains? A strong bearish move for EURUSD, its low risk and high returns. For all traders who shorted it, congrats! I personally missed the initiate movement of the pair, however, I managed to get in together with GBPUSD, which see a growth of about 8% for week 6 in my overall equity. For week 5's analysis, we expected a bearish move for week 6, which happened in the end. However, even though the move was persistent, I am not entire confident that it would continue to do so for the whole of week 7. I am expecting some range movements in week 7 or week 8. Therefore, even though the overall outlook still remains bearish, the very short term movement might not provide an opportunity to short just yet. I hope all traders continue to make awesome profit in the coming week 7! If you have any thoughts on EURUSD's movement for the coming weeks, please share them below, I look forward to learning and staying profitable together. Please help me like this analysis, and follow me for my weekly updates!
Short
by xunnobi
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