Sphinx_Trading

Sphinx_Trading

GBP/USD Weekly Forecast – April Week 2 Last week, GBP/USD reached an extreme supply zone near 1.3200, which was also a clean area of imbalance. The pair rejected hard from that level and closed with a strong bearish weekly candle. On the daily chart, we saw a bearish engulfing pattern, confirming downside momentum. Although the daily close didn’t break below...

Sphinx_Trading

US500 Weekly Forecast – April Week 2 After Trump’s tariff news and the VIX spiking to 29, the S&P 500 (US500) showed signs of cracking. Last week’s candle broke the prior low at 5,092 and closed at 5,061, forming a clear bearish engulfing candle with strong downside momentum. This confirms a structural breakdown, and the first major monthly demand zone sits at...

Sphinx_Trading

Gold Weekly Forecast – April Week 2 Last week, Gold (XAU/USD) reached a new all-time high at $3,168, before closing the week near $3,035, printing a strong bearish weekly candle. Despite the current risk-off sentiment in global markets — with the VIX spiking to 29 — Gold is not behaving like a safe haven just yet. Instead, the technicals suggest a pullback is...

Sphinx_Trading

DXY Technical Outlook – April Week 2 After Trump’s tariff announcement shook the markets last week, the Dollar Index (DXY) dropped sharply into an extreme daily demand zone (102.000–101.500) and responded with strong bullish pressure by Friday’s close. If fear continues into Monday, DXY could extend higher. The key area to watch is 103.500, a solid resistance...

Sphinx_Trading Updated 

The GBP/USD pair has recently reached a Fair Value Gap (FVG) zone and formed a strong bearish daily candle closure. This price action suggests that sellers are gaining momentum. Our short setup targets the extreme demand zone at 1.2400. A confirmed daily close below the last minor swing low (around 1.26300) will serve as a strong signal to enter short positions...

Sphinx_Trading Updated 

- Expecting Dollar index to be bullish to the end of the year , - On a short-term basis you can see price retested to the demand zone last week and swept the liquidity from the last minor low at 105.600 and closed above with a strong bullish daily candle. - Next minor high at 106.700 could be a great confirmation for the move so consider closing above that...

Sphinx_Trading

- Price has been consolidating within a range for the past week, following the recent bearish move from 2718.0. This range suggests the market is accumulating orders in preparation for the next potential breakout. to be clear I do not know or predict the next big move, but what is clear that before expecting a bullish move we should see at first a small bearish...

Sphinx_Trading Updated 

Last week, price accumulated significant liquidity below the 2470 level before reversing to the upside. After sweeping minor liquidity at 2523, a key supply zone has emerged at 2504. Notably, the equilibrium aligns with this supply zone, presenting a potentially strong area for a short position. If a valid short confirmation forms at the 2504 level, we could...

Sphinx_Trading Updated 

Price swept the key liquidity level at 100.600, also capturing the last minor structural liquidity through a manipulation move. Following this manipulation, the price began to rise with significant volume, leaving imbalances in its wake. We can anticipate a retest towards the equilibrium level, potentially sweeping the last minor low as indicated on the charts,...

Sphinx_Trading

Price swept the last high at a daily order block and started going bearish, So now we can predict the price to go bearish. - You can observe that price created a minor demand zone at 1.1000 that will be our first target as price may reverse from that zone, second target will be major demand at 1.09400.

Sphinx_Trading

- As you see on the charts price swept the liquidity from the last week/day low and closed with 4h strong bullish candlestick, So now we can predict the price to reach 0.88200.

Sphinx_Trading

- Price swept the last major liquidity at 102.150 and closed above it, So now we can predict the price to reach the next supply zone at 104.0 levels at least.

Sphinx_Trading Updated 

- Price built liquidity above 38600/39000 and we still see unmitigated order block at 39200 level. - As you see on the charts price already retested the last bullish move mitigating the bullish order block at 37800. * Closing above 37900 could be a first confirmation.

Sphinx_Trading Updated 

- Price closed last week with a low volume weekly candle left a weekly imbalance / FVG. - We predict weekly candle to fill the imbalance and close bearish but on a daily timeframe we still see a huge liquidity void in the premium area of the last range so price might open bullish retracing at least 50% of the last strong bearish leg and that will be correlated...

Sphinx_Trading

- You can see on the chart last week price was ranging sideways and closed with a weak bullish candle lefting behind an imbalance/FVG. - We may predict price to retrace to 105.500 levels first to rebalance price delivery and then we could see a swing high breakout at 107.500 levels.

Sphinx_Trading Updated 

- Price closed last week with the strongest bearish momentum in years after reaching a new high at 2430.0. - As you see in the charts price created trendline liquidity below 2330.0 (sign for bearish move). - Great point of interest created at 2365.0as you see in the charts so it could be a good zone to short after confirmation at LTF. * We may see a big bearish...

Sphinx_Trading

- Previous week closure was the strongest bullish momentum in awhile and that is a sign for swing high breakout. - We can observe a supply zone containing a gap in the price at 107.0 levels, also price left a huge (imbalance / liquidity void / FVG) whatever you call it below 105.0 levels. * We may see a bearish move with market opening Below 105.0 to rebalance...

Sphinx_Trading Updated 

- Price reached 2300.0 new historical high that align with feb extended level. - Price swept the last high closing below it (sign to sell) also we can wait for another confirmation as change of character on LTF.