AbeikuGlobal_FX

AbeikuGlobal_FX

The GBPUSD outlook has formed a descending triangle which signals a bearish trend in general however after a recent consolidation beneath the base of the triangle and the bulls have managed to break through the descending trendline for a potential retest of the EMA-200 resistance on the 4-HR time frame. The GBPUSD is set to rise to retest the hypotenuse...

AbeikuGlobal_FX

EURJPY could short after reaching the trendline resistance at the apex of the current descending channel. The price could experience a significant short after hitting the 158.420 resistance. The price could drop to the next required support level at 156.885.

AbeikuGlobal_FX

The DXY has formed a doji on the Daily frame which shows indecision in the price, however the DXY has been able to consolidate above the 103,917 support with a strong rejection wick above it which gives me a bullish signal to the trendline resistance at 104.991 with a possibility of breaking above the ascending channel to the next required resistance of...

AbeikuGlobal_FX

Last week, the price of gold fulfilled my analysis as I predicted a long in the week from the support (1902/1904) to the 1926 where the EMA-200 is a resistance to the price but the setup was only 40 pips short of what actually happened last week. In the weekly time frame, the gold chart is bullish as you can clearly see a tweezer bottom candle stick which...

AbeikuGlobal_FX

GBPUSD has been bearish since 23rd July. The pair has formed a descending triangle which indicates a more bearish pressure on the pair. The break below the descending triangle could go further downside to the significant support. Support 1: 1.24872 Support 2: 1.23651

AbeikuGlobal_FX

DXY looks to continue its bullish trend in the ascending channel since July 23rd. The price is set to ascend to the next required resistance at 104.740 which will cause all dollar pairs to sell. Traders what do you think?

AbeikuGlobal_FX

Gold could buy if the current price closes above the EMA 200 on the 1HR and 4 HR time frames. Gold can buy to 1912/1914 with a possible pull back to continue to 1926.

AbeikuGlobal_FX

OANDA:GBPUSD GBPUSD is primed to buy from the 1.27061 support where price is very likely to to rebound from the bullish trendline to the next required resistance @ 1.29911. The daily price candle is expected to close above the EMA-50 which can start an upside movement to 1.29911 resistance. Leave me some comment below, thanks.

AbeikuGlobal_FX

But in the coming days, the bulls may drive the gold price from a very likely 1885 to the 1946. 1. Gold has been very bearish since it hit the 2067 price mark on the 4th of May 2023. 2. The Gold price has been contained in a bearish wedge and currently reacting to the base of the bearish wedge. 3. After several weeks of bearish waves, the bulls are set to take...

AbeikuGlobal_FX

TVC:DXY DXY will potentially have a strong SHORT to 101.789 if the Daily Price closes below the EMA-200 on the Daily Time Frame. 1. DXY has been contained in a descending channel since 30th Nov. 2022 when it short below the 106.879 resistance. 2. There was an attempted breakout of the base of the channel earlier this year, 1st February which ended up false...