ROYALRYFX

ROYALRYFX

EURUSD bulls remain in full control following the break above a bull flag on July 6th. I wrote about this on weekly analysis.

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GBPUSD currentry is resistance zone Formed AB=CD pattern

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Inverted Head and shoulder pattern. Possible long opportunity

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EURJPY double top confirmation. if you like our analysis like and follow.

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USDCAD double bottom confirmation on H4. I will enter a swing trade on this one. SL 1.33000 TP 1.36800 If you like our analysis please like and follow.

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US30 formed Shark harmonic pattern and inverted head and shoulder. Buyers have opportunity to book some pips by trading long.

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GBPJPY long opportunity. Trend line support was unable to break. If you like our idea please like and comment.

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USDCHF in strong support. Long opprtunity

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GBPCAD broke the H4 trend line resistance.

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Last week retested 23.20 resistance, and also closed above the 21.00 handle. As such, any retest of 21.00 will likely attract buyers, but don’t expect it. Given the bullish momentum last week, XAGUSD may decide to blow through 23.20 for a move to 26.00 without pulling back. Time will tell, but either way, I’m anticipating a move to 26, 35, 44, and 50+ in the...

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Depending on which chart you look at, the all-time high for gold is between 1900 and 1920. As such, we can expect sellers to defend that area this week. Support for the week ahead comes in at 1875 with a close below that re-exposing 1815. A close above the all-time high, which I believe to be a formality at this point, would open the door to the 2000 handle.

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USDJPY is at risk of breaking a seven-year level. I’ve mentioned this multi-year wedge pattern few times over the last few weekly analysis. All breakouts on the daily and weekly time frames have failed. It’s going to take a monthly close below support or above resistance to confirm the breakout. Last week tested the 106.00 support area, which puts USDJPY at...

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GBPUSD cleared the 2019 trend line on July 21st and even retested it as new support on the 22nd. For the week ahead, it’s going to take a daily close above 1.2815 to open the door to the top of the channel near 1.3000. Alternatively, a close below 1.2600 would signal weakness.

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The pair is testing 1.1650 now, and the July close is one week away. We’ll see how it goes, but I do want to see EURUSD stay above 1.1600 on a daily closing basis to stay constructive. A monthly close above the 1.1650 area would expose 1.2500.

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DAX 30 min time frame shows liquidity captured by the banks. Bearish run hit resistance and ended session with a long wick bearish candle.

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NZDUSD formed lower highs and lower lows. It’s a good opportunity for the Sellers

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AUDUSD former lower highs and lower lower. Opportunity for the sellers to book some pips

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Notice how EURCAD stalled at 1.5530 after breaking above wedge resistance on Monday. The pair’s future direction will depend on whether or not buyers can clear 1.5530 on a daily closing basis. If so, we could see EURCAD test the top of the ascending channel. On the other hand, if 1.5370 support fails, we could see EURCAD move toward the 1.5000 handle.