Adefxc

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The XAUUSD is going through some psychological pressure base on the advance of DXY, a much more sell off can be anticipated for. After a flag pattern that precedes the NFP heavy dump on XAUUSD, i will be selling Gold pretty hard and targeting the previous demand area 5th of Jan and 23rd of Dec. You might want to keep a close eyes on XAUUSD for now.

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I spot a correction of the previous break of the bullish run on GBPUSD at 61.6% fib level, coupled with a Hidden divergence (Price making HL and RSI making an LH). I would suggest a wait till the News got released before jumping in. Or just watch out.

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I am expecting a new buying pressure to creep in really strong after the break above the symmetrical triangle on AUDCHF It's best to wait for the break above the upper-band trendline before anticipating for a buy position. Alternatively, a break-down below the prolonged and overly tested demand area, could lead to a fall and then targeting. So, Watchout for AUD/CHF

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Focusing on the daily timeframe and spotting a bullish flag pattern on the 4H timeframe. AUDJPY could possibly resume a bullish trend alongside YEN-related pairs like CADJPY & SHFJPY. The pair flag pattern formation stays a little around the golden ratio of the Fibonacci level 50% and 61.6%, making a very continuation level. There is an alternative possibility...

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The CHFJPY seem to be retesting the first supply zone since on 5th of Jan. Making it the second time of a successful retest, i am anticipating for a simple rejection back to the trendline that could possibly launch the pair into the air. targeting 147.80 A buy setup - Check it out!

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I am looking to enter a short position on EURCAD after the release of the CAD GDP. The Divergence was extended at the RSI for clearer view of the price, and to avoid too many trendlines on the chart. You might wanna watch out.

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The EURCAD is currently trending inside an ascending wedge pattern that technical traders take as a bearish reversal pattern. However, the pair just hit an intraday demand area (bottom) which has been consistent for an immediate bullish push-back to touching the pre-existing supply zone (top). The current triple bottom also indicated a divergence in price which...

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I am anticipating for a retest of the broken intraday resistance zone that NFP broke last Friday, and should be used a s new demand are for further bullish run on EURAUD. The 14-period RSI is above 73.3 overbought level. It is very normal for a systemic pullback that can help late entry traders to join the bullish run and target the previous OB waiting at 1.5725.

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Taking the divergence, almost triple top patterns into consideration, the market has left us with a plausible bearish cause to decide upon, knowing well that the price is still trending above the trendline. For a bearish setup to be strongly confirmed, price needs to break below the trendline and also break the previous low (BOS). Alternatively, if the price...

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The AUDJPY could experience a quick sell off towards the previous low at 90.15-10. The price is currently testing the supply zone and spending that time to make a very slanty head and shoulder pattern with a sure expanding ascending pattern. This indicate a long term run towards the weekly top at 96.00=50, however the RSI indicator shows triple tops at the OB...

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A possible Bullish trend lies ahead EURJPY provided that the market changed character, and start trending above the supply area at - 14299-50. An alternative bearish is below the demand are and broke the bullish structure that started. Keep a close tab on this.

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I am expecting a further upside momentum on GBPUSD.

Adefxc Updated 

The pair has been ranging in the bearish channel, making series of highs and lows. Currently the price just made a double / flat top at the upper wall, the reflecting a Higher Low at the stochastic indicator (revealing a price Divergence) A sell trade can be anticipated for anywhere and target the support wall of the channel.

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On a 4H timeframe, the bulls have another run to retest the $1,870 psychology level, which falls between the 50% and 61.8% fib zone as revealed above in the 1W timeframe. Technical traders could look for a short-term long position after the retest of the supply area at $1,824-5, targeting the top boundary of the rising wedge at $1,870.

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My final outlook On US30! The chart is basically self explanatory, wait for each actions to be triggered on 4H candle! However, the Short trade has been invalidate since the market went ahead and break above standing resistance The Bullish turn can we waited on to playout, for both aggressive and conservative buying opportunities

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Here is my bullish setup on Kiwi NZDUSD. Waiting for a small pullback to retest Friday Low, or further low at Last week could await a more upward movement. Check it out.

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I am anticipating the completion of the established bearish movement on USDCHF. Whatchout.

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A retest of the demand zone at 1.0745-70 could meet a new buy order. With an OB siting right on the demand zone, traders can look into a good Long position