ROYALRYFX

ROYALRYFX

A false break to one side of a structure often triggers an extended move in the opposite direction. Sure enough, EURGBP bounced right from (new) trend line support near 0.9050 last week. But buyers failed to close the pair above 0.9100. That’s the resistance level I pointed out last week. For the week ahead, I’ll be watching to see if buyers can close EURGBP...

ROYALRYFX

If you saw last weekend’s analysis you know that 1.2530 was (and still is) support. Notice how sellers tried to take out 1.2530 several times last week, but buyers held their ground. That leaves us in a similar situation for the week ahead. It’s going to take a daily close above the 1.2640 resistance area to expose the 1.2800 region. Alternatively, a daily...

ROYALRYFX

EURUSD bulls just capped off an impressive week. I first mentioned this descending channel, which is also serving as a bull flag pattern on June 29th. The July 6th close above resistance confirmed the breakout and exposed the 1.1350 resistance level. That’s the area I mentioned last weekend. As anticipated, EURUSD broke above 1.1350 last Tuesday, which opened...

ROYALRYFX

GBPCAD formed a SHS Opportunity for sellers

ROYALRYFX

EURUSD formed a SHS pattern. Bullish trend resistance was broken.

ROYALRYFX

Opportunity for buys. Bullish pinbar support seen on H1

ROYALRYFX

USDCAD shark pattern. Currently in an important key level.

ROYALRYFX

Buys fail to continue the bullish run. Sellers are taking over. Formed an evening star formation

ROYALRYFX

EURGBP formed a gravestone Doji candle. It’s a good opportunity for the sellers to book some pips

ROYALRYFX

USDCAD formed a inverse head and shoulder pattern

ROYALRYFX

GBPUSD opportunity for sellers. Double top confirmation on H4

ROYALRYFX

XAUUSD (gold) had a big week. I’ve liked the metal higher for months now, and I’ve stated in the past that a close above 1800 could pave the way for a run at all-time highs near 1900. XAUUSD managed a close above 1800 last Wednesday. As long as it holds as support on a daily basis, I like the idea of a move higher, perhaps to test all-time highs at 1900 or just...

ROYALRYFX

GBPUSD encountered sellers last week just below the 1.2670/80 resistance area. I wrote about this trend line last week. As of now, GBPUSD bulls need to secure a daily close above 1.2670 to send the pair higher toward the 1.2800 area. Key support for the week comes in at 1.2530. That’s likely a must-hold level. A daily close below it would signal weakness and...

ROYALRYFX

The EURUSD broke out of a descending channel resistance. However, so far, buyers have been unsuccessful in pushing the price above the 1.1350 resistance level. So, although the euro is holding above the 1.1230 support area, momentum is lacking. As I’ve stated recently, it’s going to take a daily close above 1.1350 to confirm the break higher. Such a breakout...

ROYALRYFX

XAUUSD currently running in our VIP channel. Expect a fall till 1785

ROYALRYFX

JP225 expect to a bear run. Currently in strong resistance area.

ROYALRYFX

CADCHF in strong support. Expect a bull run.

ROYALRYFX

EURCAD is in a strong resistance area. We are expecting the key level to be rejected before a bull run.