SheenaL

SheenaL

Alright traders, let's dive into this EUR/USD daily chart and break down the current market structure. So, check it out—EUR/USD has been riding a nice uptrend lately, with price breaking out above that key 1.09018 resistance level. This breakout is significant because it cleared that long-standing resistance, and now we're seeing some strong bullish momentum....

SheenaL

Alright traders, let's break down AUD/USD using a top-down analysis approach. We’ll move from the weekly chart down to the 4-hour chart to get the full picture. Weekly Chart: Looking at the weekly chart, AUD/USD has been in a solid downtrend, breaking below key support levels. However, last week we saw a strong bullish reversal from the 0.64500 region, where...

SheenaL

Alright traders, let’s break down the EUR/USD daily and 4-hour charts to see where the market’s at. Daily Chart: On the daily chart, EUR/USD is showing signs of exhaustion after a strong upward move, struggling to break above the 1.09510 resistance level. The price is now hovering around the 38.2% Fibonacci retracement level at 1.09267, which is acting as a...

SheenaL

Alright traders, let’s break down this EUR/USD 4-hour chart and see what’s poppin’. We’ve got EUR/USD moving in a tight consolidation phase after a solid bullish run. The price is hovering around 1.09288, right above the 21 EMA (yellow), which is holding up as short-term support. We’re also seeing the price bounce between the descending trend line and the...

SheenaL

On the monthly chart, XAU/USD has been in a consistent uptrend since mid-2022, with price action well above the 21 EMA and 200-day moving average. The current price is approaching the major resistance level around 2,483.740, suggesting potential for either a breakout or a reversal. Moving to the weekly chart, we see a series of higher highs and higher lows,...

SheenaL

Alright traders, let’s break down this AUD/USD 2-hour chart and get into the market structure. We see the pair has been in a downtrend, evident from the series of lower highs and lower lows. The price is currently trading below both the 21 EMA (yellow) and the 200-day moving average (blue), reinforcing bearish momentum. Notice how the price respected the 21 EMA...

SheenaL

Alright traders, let’s break down the USD/CAD 4-hour chart and see what's poppin'. Market Structure Analysis USD/CAD has been riding an uptrend wave, showing higher highs and higher lows. The price is sitting above the 21 EMA (yellow), which signals bullish vibes. But right now, we're testing that support at 1.38454. If it holds, we could see a bounce up to the...

SheenaL

Alright traders, let’s break down the AUD/USD 4-hour chart and identify potential entry points. On this chart, we can see that AUD/USD is currently in a strong downtrend, confirmed by the series of lower highs and lower lows. The price is trading below both the 21 EMA (yellow) and the 200 EMA (blue), indicating sustained bearish momentum. The recent break below...

SheenaL

Alright traders, let’s break down the EUR/CAD 4H chart. The current price is around 1.50117, just above the 21 EMA at 1.49909. While we've been in a solid uptrend since mid-July, the price is now showing signs of a potential pullback, having tested the resistance level at 1.50350 and pulling back slightly. Market Structure Analysis: Current Trend: The market has...

SheenaL

Alright traders, let’s break down the GBP/USD Daily chart. The current price is around 1.28824, sitting just above the 21 EMA at 1.28622. We’ve seen a pullback from the highs in mid-July, forming a descending channel. The price is now testing the 21 EMA and the rising trendline, making this a critical juncture. A break above this level could signal a bullish...

SheenaL

Alright traders, let’s break down the XAU/USD (Gold vs. USD) 1D chart. The current price is hovering around $2,393.395, just above the 21 EMA at $2,389.079. We’ve been in a downtrend since mid-July, evident from the series of lower highs and lower lows. Right now, the price is interacting with the 21 EMA and is close to the downtrend line. A strong close above...

SheenaL

Alright traders, let’s break down the NEAR/USDT weekly chart and identify a potential buy setup from the nearest support to the nearest resistance. On this chart, we can see that NEAR/USDT is trading just above the 21 EMA, indicating a potential bullish momentum if the support holds. The recent price action shows the price finding support around the $5.35 level....

SheenaL

Alright traders, let’s break down the GBP/USD 4-hour chart and identify a potential sell setup from the nearest resistance to the nearest support. On this chart, we can see that GBP/USD is experiencing bearish momentum, as indicated by the price trading below the 21 EMA. The recent price action shows a clear rejection at the nearest resistance level of 1.29303....

SheenaL

Alright traders, let’s break down the XAU/USD (Gold vs. USD) 4-hour chart and identify potential entry points. On this chart, we can see that XAU/USD is currently in a downtrend, confirmed by the descending trend line and the lower highs and lower lows pattern. The price is trading below the 21 EMA (yellow), indicating bearish momentum. The recent price action...

SheenaL

On this chart, we can see that EUR/USD was previously in an uptrend, indicated by the ascending trend line and the price consistently staying above the 21 and 8 EMA. However, there has been a recent shift as the price broke below the ascending trend line and both EMAs, suggesting a potential change in market sentiment. Currently, the price is testing the support...

SheenaL

Alright traders, let’s break down the EUR/GBP 4-hour chart On this chart, we can see that EUR/GBP is currently in a downtrend, confirmed by the descending trend line and the lower highs and lower lows pattern. The price is trading below both the 21 EMA and the 8 EMA , indicating bearish momentum. However, there is a consolidation phase happening around the...

SheenaL

On this chart, we can see a recent spike in price action, pushing the pair above the 21 EMA (yellow) and the 8 EMA (red), indicating a short-term bullish momentum. The price is currently consolidating around the 0.61100 level, which acts as a temporary support. Key levels to watch are the resistance at 0.61300 and the support at 0.61036. A breakout above the...

SheenaL

Currently, Gold is showing some interesting moves. We see the price consolidating between key weekly support and resistance levels, as indicated by the white lines. The 21 EMA is trending above the 8 EMA, suggesting a potential bullish sentiment in the short term. However, the recent rejection near the resistance level at around $2,387.71 hints at some selling...