AbeikuGlobal_FX

AbeikuGlobal_FX Updated 

Last Thursday's ECB Press conference lacked hawkish statements which weaken the currency to slide down the levels as majority of the ECB Board wanted a pause in the rate. The EURUSD has been on a descending channel since 17th July to date. Price is currently correcting after hitting the 1.06310 support level and it is expected to fulfil a Fibonacci retracement...

AbeikuGlobal_FX Updated 

Last week's DXY index candle bullishly closed with a strong rejection with from the 104.643 support because all of the USD fundamentals (The CPI, Core PPI, Core Retail Sales, etc.) which occurred last week went to strengthen the dollar. The DXY is expected to consolidate between current level of 105.351 and 105.00 since there is not important fundamentals between...

AbeikuGlobal_FX

AUDUSD has selling for the past 8 consecutive weeks since 12th Jul 2023 to date. Price is currently making upward corrections and i expect it to fulfill the fibo retracement conditions and then short further to the next significant level at 0.62780. The DXY is on the front foot of strengthening more and that could even ignite more shorts on AUDUSD. There is...

AbeikuGlobal_FX

The price suffered a major decline between 22nd February 2021 (0.99901) to 10th October 2022 (0.86040) and the market bulls took over to correct the price to 0.95489 on 23rd January 2023. Since then, price has been a decline for the past consecutive 8 months in a descending channel. Price is nearing a yearly trendline support level which the bulls are...

AbeikuGlobal_FX

On the Weekly time frame, the last two daily candles closed below the EMA-200 dynamic support in a descending price channel within a monthly falling wedge. There was a breakout of the falling wedge which under normal circumstances would have been a bullish start at the base of it, but this decline was as a result of the rising DXY index over the week past. The...

AbeikuGlobal_FX

Last Thursday, gold price attempted to make a correction towards the $1930 PER ounce but was quickly rejected by the EMA-200/100 on the 4Hr time frame at $1929.814 which signifies that the bears are still in control in that region. Last Friday, the price declines to 1919.085 at the time of market closure whereby the last two 4Hr candles closed below the trendline...

AbeikuGlobal_FX Updated 

GBPJPY made a breakout of the ascending channel since 28th July 2023 and went up to channel the year's high at 186.672 on the 17th of August 2023. Price pulled back to 184.110 support. The pull back has been happening in a descending channel from 16th August when it broke out of the descending channel and was looking to retest the channel last Friday, 2nd...

AbeikuGlobal_FX Updated 

Gold has been on a bearish wave since the start of the last Friday, 1st September and the sells continued since the start of the week to 1915.339 been the weekly low. Price below 1925 will be well resisted by the EMA-200 at 1928. The US fundamental on unemployment claims today was negative for Gold and expected to decline further to the next significant level at...

AbeikuGlobal_FX

DXY is on its path to continue the upwards string since it broke out of its descending channel since 24th August, 2023. Price has continued its new ascending channel for the past 8 weeks. Last week's fundamental on new unemployment claims strengthen the course of the dollar which is currently consolidating above the resistance trendline of the ascending...

AbeikuGlobal_FX

Gold may correct upwards to 1932 before potentially declining further to 1920 and possibly to 1914.

AbeikuGlobal_FX

The price movement fulfilled my last projection. The GBPJPY bulls are ready to challenge the 186.744 price after a pull back from the last time it reached this price on 21st August, 2023. The price is adequately supported at 184.838 and the EMA-50 on the 4hr time frame. Let us see how it unfolds at the top.

AbeikuGlobal_FX

The price movement fulfilled my previous idea publication. What do I expect next?? EURUSD is expected to potentially fulfill a Fibonacci retracement to the 1.07658 resistance level before declining further to the next significant support level at 1.06375.

AbeikuGlobal_FX Updated 

After price falling during the NFP and the unemployment rate last Friday, 1st September, price is expected to continue falling but will make a pull back to the 1.08364 level which is in line with the fibo retracement level. The retracement will be due to the DXY index weakness on the 104.0 support. Price could push down to the declining channel resistance level...

AbeikuGlobal_FX

Ever since the greenback (DXY) hit the year's (2023) low at 99.595 on 14th July 2023 the price has steadily rise from the base of the descending channel and attempted to breakout on 17th August and finally broke out last Friday, 1st September on the back of the NFP fundamentals. Last Thursday daily candle closed above the EMA-200 and also broke out of the...

AbeikuGlobal_FX

BTCUSDT has been a bearish trend since it rose to $28,143 on 29th August 2023. The bears have been able to bring down the price to equal lows since 22nd August at $25,331. Price is currently reacting on a month support ($25,836) and a break below this level could further plunge the price to $21.410.6 What do I expect? The current price is exactly reacting at...

AbeikuGlobal_FX

EURUSD is technically ripe to long significantly if the 4Hr, candle closes above the EMA-50 at 1.08645. The target price is at 1.09459 with a potential to long further to 1.10656 The price on the other hand will continue to decline into the descending channel if the candles mentioned above closes below the EMA-50.

AbeikuGlobal_FX

Gold has been a bullish movement since it broke the 1900/1904 support level on 23rd August. Yesterday, it managed to overcome the EMA-200 on the 4HR Time frame upside to the 1948.98 price which was rejected by a daily bearish trendline and also the upper trendline of the recent ascending channel. Price will continue to short by price action to the next...

AbeikuGlobal_FX

The GBPNZD was rejected by the upper trendline of the ascending channel on 21st August, 2023. made a pull back to the 2.13930 support. Price is currently being resisted by the EMA-50 on the 4HR time frame. A break below the EMA-50 could push the price down to ultimately re-test the EMA-200 support at 2.10941. On the other hand, the fibo retracement could pull...