Rajomatic

Rajomatic

For now it has been in the channel and continues to push towards the upside. I'm looking for a breakout of the major trendline and continuation upwards.

Rajomatic

For those who have been following my analysis for the past few weeks know the EurJpy set-ups I've posted. For those who've missed the train, there is a possible short entry at the fib level.

Rajomatic

There is no stronger price direction confirmation than on the Daily timeframe. We can clearly see a Double Bottom formation on the chart and an uptrend continuation for a Long set-up.

Rajomatic

For now, there isn't a clear sign to do anything but wait on the next move. I advise caution as a series of lower lows may present a very tired Support Zone which may be at it's limit.

Rajomatic

A lesson to remember indeed. "Trade what you see and not what you think" Only those who abide by this rule will survive. We can all see the clear upward channel and this may very well be the best set-up ever on Gold. What do you think ?

Rajomatic

Even after the trendline breakout we've seen and the two attempts to go short, AudJpy will not go down without a fight. At the moment, price is above Ichimoku Cloud going heading upwards as Bulls created a concrete Support Zone.

Rajomatic

Gold isn't out of the woods just yet. Although the Support Zone has held its own against a massive Double Top formation that formed last week, we are still under the Ichimoku Cloud, the Trendline and also under the 50.00% Fib Retracement level. As Gold continues its relentless move towards the upside, we awaiting confirmation of a break towards the upside.

Rajomatic

The most widely traded pair pair is nearing a huge zone of Resistance. This very strong area has held up in the past few weeks and is both a resistance point AND a 50.00% Fib Retracement Zone. Nothing better than catching a few pips on a retest as the HUGE Downtrend Continues.

Rajomatic

Our bias is the same as it has always been.

Rajomatic

This set-up needs no introduction. As AUDxxx pairs weaken and the Big Banks remove the their Buy positions, we can notice that the trendline has already been broken. What we await now is a confirmation of the continuation to the downside by a break of the Ichimoku Cloud, then we can look for a Short to the 68.2% Fib Retracement level to bag a few pips.

Rajomatic

It's not everyone's favourite pair, but as AUDxxx pairs had hit their peak last week amidst the pandemic, there is a huge sell-off just waiting to happen. AudNzd has broken BOTH the Ichimoku Cloud and the 78.6% Fib Retracement area and is now looking to continue downwards to the area of consolidation.

Rajomatic

This pair has had a remarkable Bullish run so far but now it has hit a Major Resistance point, which we could clearly see a short term sell-off happening. Currently, price sits above the Ichimoku Cloud and we are currently awaiting a breakthrough to the downside as market reopens to the 38.2% Fib Retracement level.

Rajomatic

It has broken the 100% Fib Retracement level and current sits under it. Possible entry and short to 1.64000 which is next key level.

Rajomatic

Overall trend is an uptrend and AudUsd has broken key trendline which has been holding for a few weeks now. Quick 180 pips set-up.

Rajomatic

Not much analysis needed with this kind of set-up and the uptrend is perfectly clear. Quick 130 pips set-up.

Rajomatic

As per my previous analysis on EurJpy pair. Sell is in effect and will continue to follow the huge downtrend to key support at 110.000

Rajomatic

As COVID-19 cases continue to soar higher, investors are left wondering what will happen to the widely traded Futures now that it has reached a Major Resistance Zone. Market reopening may decide the faith of S&P500 as it stands.

Rajomatic

This particular set-up needs no introduction. With a Stop Loss below current market lows to prevent market manipulation (Stop Hunts), you can take full advantage of the imminent Bullish move. Of course, I would suggest we wait until we see a Rejection of the Support Zone before blindly entering a trade. Anything can happen, Be Smart.