ChinSengFx

ChinSengFx

Good day traders! Hope y'all are having amazing day and doing well in trading! Recently gold has been traded in consolidation. Under h4 timeframe, it has formed symmetrical triangle and a break of either sides (up or down) will be exposed to a great momentum. To be safe, investors are advice to sell after gold price drop below 1900, or, investors are advice to...

ChinSengFx

Good day traders! It has been a quiet day in the market today as the market is waiting for another stimulus to trigger the direction. However, let's talk about USDCAD. USDCAD has been moving in a down channel and price has broke below daily support which indicates a further bearish movement will take place soon. We shall be looking for a short setup at fibonacci...

ChinSengFx

Good day traders! Hope you all are enjoying your pleasant weekend! Take some time to clear your mind and come back stronger into the market again! Everything will be alright! AUDUSD has rejected to move higher on Friday and closed in bearish pinbar candlestick under weekly candlestick. The upcoming week will be a challenging week ahead of AUD as major data and...

ChinSengFx

Good day traders! New York market has been opened and I hope y'all have a great trades ahead. Start off with my sharing on CADJPY to give y'all a little heads up on the directions! CADJPY has been struggling in between the price range of 79.70 to 78.34 for the past few days. Therefore, a break of 78.34 would result in bearish movement to 74.13 (ideally) whereas...

ChinSengFx

Good day traders! I hope you are doing well in recent market amid most of the currency pairings are having one directional movement for the past few days to week. Fresh week ahead, let's get into our first analysis of the week! Start off with GBPCAD, as you can see from H4 timeframe, price has broke above symmetrical triangle and it is a sign of bullish breakout...

ChinSengFx

Dear traders, I hope you all are doing great with your trades recently as the market seems to go into one direction for the past few days to weeks. DXY has been crashing into below 95 region and it will take awhile before it recovers back to 100 territory. For USDJPY, price has broke below the previous support which is at 106.657 and it's gonna be the demand...

ChinSengFx

Good day traders, welcome to another weekly analysis by ChinSengFx and I hope you all are having a great week ahead. Let's talk about EURUSD, as you all know, European Union efforts to agree on stimulus package has been a challenging effort for all EU leaders. Therefore, the strength of EUR will be directly impacted. Based on technical perspective, EURUSD has...

ChinSengFx

Good day trader, I hope you guys are having a great day and doing well in trading. Let's talk about USDCAD, on H4 chart, we can see that USDCAD is in a consolidation process. Price has not been able to break above 1.372 and couldn't break below 1.349 starting early of June 2020. Therefore, we will be looking closely at the price action right now, a break of...

ChinSengFx

Good day trader, I hope you have a great day ahead and start off your day with a good trade! Start off with EURJPY, as shown on the chart above, you can see a break of an upward channel. Therefore, bear is most likely to take place and before a strong bearish movement, a correction is expected to take place. We will be looking for sell opportunity at 50% and...

ChinSengFx

Good day traders, first of all I would like to apologize for not uploading any analysis for the past few days due to real life commitment which is to handle my team and my family. Nevertheless, let's get started. CADJPY has been in consolidation since June 2020. Price has broke a three top formation and it means bear market has started to take place. So I would...

ChinSengFx

Good day traders, first of all I would like to apologize for not uploading any analysis for the past few days due to real life commitment which is to handle my team and my family. However, we are back to another one of the most traded commodity pairing, XAUUSD, also known as GOLD vs USD. Gold has been really bullish recently due to fundamental supports such as...

ChinSengFx

Good day traders, first of all I would like to apologize for not uploading any analysis for the past few days due to real life commitment which is to handle my team and my family. However, we are back to another one of the most traded currency pairing of all time, NZDUSD. NZDUSD has been very bullish for the past few weeks. Price has been bullish since broke...

ChinSengFx

Good day traders, I hope you all have a pleasant weekend and ready for the market ahead. Wish you all have a great trading! AUDJPY has been going through a rather bullish week. Price has broke above the symmetrical triangle and it is a confirmation of bullish trend. And currently the price has broke above the resistance (neckline from previous head and shoulder)...

ChinSengFx

Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading! Start off with USDCHF! Price has been moving in downtrend for the past week and it has formed a symmetrical triangle chart pattern and this is an indication of bearish movement. We strongly believe that symmetrical triangle is one of the most frequently appearance in...

ChinSengFx Updated 

Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading! XAUUSD H4 timeframe, on last Friday, price has strongly rejected the trendline and EMA 55 (as expected) and break above 1765. Coming week, we believe that gold would continue its bullish rally to 1800 (ideally) due to fundamental news and technical analysis....

ChinSengFx

Good day traders! I hope you all have a great trading day ahead! Start off with NZDUSD! From Daily Timeframe perspective, price is obviously losing its bullish momentum and forming descending triangle (as shown in the chart). Therefore, a break of the support will expose the price to 0.633 (green). And a retest will occur at current support which may turn into...

ChinSengFx

Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading! USDCAD outlook. Last week, price has finally broke above the monthly resistance and retested EMA 55. After price retested EMA55, often time, price would reject EMA and retest the nearest price structure, for instant, the monthly resistance, which potentially turn into...

ChinSengFx

Good day traders! Welcome to another session of technical analysis . I would like to thank you for supporting me along the journey. Feel free to leave me a question, it would help a lot for further improvement! EURUSD, price has break below EMA55 as well as the support region. We will be looking for a potential entry to long at 1.11750, as it is a strong support...