Let's see what the market has to offer. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
The people's favorite, XAUUSD. As DXY shows a strong rejection and pullback, influenced by the upcoming FED decision on interest rates, GOLD might experience some bearish momentum for a while. On the higher time frame, we see a distribution phase according to DOW Theory. Once this phase is complete, a downward trend is likely to begin. Let's see what the market...
The price is forming a symmetrical triangle on the higher time frame with strong bullish momentum. This could be boosted by the Consumer Price Index (CPI) USD news once the US market opens. As we can see, the final wave is almost complete and reaching the top descending line. If this line breaks due to the news, we may see a strong continuation to the next valid...
EURJPY is somewhat correlated with GBPJPY, which currently shows no signs of going bearish. After solidly breaking the monthly support and executing a nice pullback, EURJPY reacted firmly on the support with a few strong hourly candlesticks. Like GBPJPY, we need to wait for it to break the current resistance before going long. Look for a strong bullish...
The price is showing strong bullish momentum on the higher time frame. We may have an opportunity to short once the price corrects. The trendline has clearly been broken, so let's see if the market is generous enough to allow some short positions here! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or...
Hey followers! SFX is back after a loooooooong break! Here we go with the first setup after my comeback :) The price is forming a descending triangle pattern on the higher time frame and is currently reaching the top descending line. Despite this, there is no sign of bearish momentum yet, as it is supported by a strong daily trendline. Be cautious of fakeouts,...
I rarely publish technical analysis on XAUUSD, but I think it's worth sharing my experience and backtesting on this pair since 2020. Hopefully, we can profit from this analysis! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk...
The price is currently forming a symmetrical triangle chart pattern on the Daily Time Frame (DTF) for AUDNZD. The strategy involves waiting for the price to convincingly break the descending trendline (TL) and exercising patience within the demand zone before initiating a trade. This analysis is particularly relevant on higher timeframes such as H4 and...
Building upon the previous analysis of EURAUD as shared in the link: The recent price action indicates a ranging phase before a potential break of the previously identified Monthly Support Level. Considering the principle that larger time frames involve longer accumulation phases before transitioning into trending phases, it seems plausible that a downtrend...
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-
This is only a personal technical analysis, you may take it as a reference, or ignore it. No obligation! Having proper Risk Management will save you a lot! Happy Trading! -SFX-