Saad-ElFayed

Saad-ElFayed

The GBPUSD is currently in a main bearish trend. A bullish wedge was formed during the last couple of days. this wedge is now broken and the pair is ready to return to the main bearish trend. If you find this analysis useful please don't forget to hit the like button, leave a comment and follow me for more useful content.

Saad-ElFayed Updated 

A clear Head And Shoulders formation was made on the 30 Min chart of the AUDNZD. The neck-line of that chart is represented by the blue line and as you can see it is already broken. Take in consideration the broken bullish trend line, which support our bearish view for the pair. Our entry will be right after a clear close below the 1.04900 targeting the 1.03500...

Saad-ElFayed

The GBPCHF was in a bullish wedge (correction) that was stopped by the resistance zone and the 61.8% fibo. Now the wedge is broken and the pair will return to its main bearish. Our entry was triggered after a clear bearish close below the 1.20300. If you find this analysis useful please don't forget to hit the like button, leave a comment and follow me for more...

Saad-ElFayed

The USDCHF is currently trading at the lower edge of the rising wedge. Once it’s broken, the pair will return to the main bearish trend. Our entry will be right after a clear close below the 0.96500. Targeting the nearest low at 0.96000 then the main low at 0.95000. If you find this analysis useful please don't forget to hit the like button, leave a comment and...

Saad-ElFayed

After neglecting the Corona Virus fear spikes. At position: (1) The prices were stopped by the 106.900 support after it broke both the bullish channel. (2) The prices retested the broken bullish channel. (3) The prices were stopped again by the 106.900. (4) The prices retested the bearish trend line confirming the return of the USDJPY to the...

Saad-ElFayed

The GBPUSD retested the broken bearish trend line earlier this month. Last week it formed a higher high at 1.26500, which is an indication that the next move of the prices is bullish. Our entry will be after a clear closer above the higher high 1.26500.

Saad-ElFayed

We have two fail attempts of the prices to break the 1740.00 which lead to a double top formation that have a nick-line at 1678.6 the break of that nick-line will lead to a bearish correction that might turn to a bearish trend. We also have a broken bullish trend line that support our bearish view for Gold. Personally I will enter a sell after breaking and...

Saad-ElFayed

We have a resistance form the 61.8% fibo which forces the pair to return to the original bearish trend along side with the broken Bearish Channel that makes a perfect short signal. Our entry was triggered when the prices broke the low which was formed after the break

Saad-ElFayed

We have a resistance from the 61.8% fibo. that should return the prices to the original bearish trend also we have a broken bearish trend line. Our entry was triggered when the prices made a clear break to the low that was formed after the break of the broken trend line

Saad-ElFayed

The USDCAD have the extremist spikes among all pairs, as it wasn’t only affected by the Corona Virus fears but also the oil crises as well. The Canadian Dollar is highly affected by the price of oil when oil goes up the Canadian Dollar goes up and vice versa. Moving to technical analysis, we have extreme spikes that obeys no rule of price action. We have nothing...

Saad-ElFayed

Neglecting the Corona Virus fear spikes, we can notice that the minor bullish channel that the pair was trading at before the spikes was clearly broken with a decent price action as the channel was broke then prices retreated to a strong support 106.700 after that made a retest to the lower edge of the bearish channel. Now prices are more likely to return to trade...

Saad-ElFayed

The GBPUSD bearish trend seems to be dead. Despite the Corona Vires Fear spikes, the pair broke the bearish trend line before these spikes that trend line was holding the pair for a long time. The Price Action is also in favor of the break as the prices break the trend line, stopped by a resistance 1.25000, retested the broken trend line and now we are waiting for...

Saad-ElFayed

Recently a reversed Head and Shoulders formation was created declaring the end of that massive bearish trend. The neckline of that formation is the blue bearish trend line and our main resistance here is the 1.09300. Next week we think a correction might occur as the break of the neckline wasn’t that strong. So our buy signal will be the break of the 1.09300...

Saad-ElFayed

A double top formation at the "1.43500" with a neckline at the support "1.37700" that had been broken last Friday even with the strong up trend support me guess is that the pair is ready to break it and rally down .

Saad-ElFayed

The pair had finally escaped the triangle that took almost 3 month . That bear break will make a long strong down trend in the next few month but the pair is now at a strong zoneof "1.20700/50% fibo-retracement" and the formation of a Hammer price action makes a clear buy signal so my guess is that the pair is going to retest the zone of "down edge of the...

Saad-ElFayed

The pair had almost a false break out of a weekly strong down trend and the 0.98800/0.99000 zone with a shooting star as a price action that's a clear short entry signal but the pair had a real strong up momentum and more likely to retest the 0.97700 before break the weekly down trend so we are taking our short to the strong support zone "0.97700/23.6% fibo...