TraderNeoh

TraderNeoh

GU had previously formed a descending channel (continuation pattern), breaking the 1.3470 key level and pushed higher. In Friday's (18th) forecast, I expected GU to pullback towards 1.3465 for further bullish continuation as the market was over-extended. However, today GU gapped down pierced through the support, this could indicate weakness in the pair OR market...

TraderNeoh

UJ has been in a long-term downtrend with lower highs sequence, and we could expect to see some further continuation due to the DXY weakness. Will be mainly looking for short opportunities if price rejects the 103.700 (recent support into resistance), with the recent low 103.000 and 101.570 as the further target. Trade safe.

TraderNeoh

NU has been in a long-term uptrend. It had some decent impulse recently, and I do expect to see some pullback or upcoming range bound condition (digestion). Will be mainly looking for long opportunities with 0.7365 as the further target if there's pullback towards 0.7117 or deeper as the crowds are disregarding the price. Trade safe.

TraderNeoh

AU has been in a long-term healthy uptrend and its performing exactly as planned, breaching 0.7578 resistance zone with some further continuation. Personally, we could expect some pullback to re-test the range resistance (0.7578) for some further upside momentum with 0.7671 - 0.7745 as further target. Trade safe.

TraderNeoh

EU has been in a long-term uptrend, called a long opportunity at the re-test of the flag pattern which is a common momentum ignition setup. Personally, will be looking for some shallow pullback towards 1.2200 - 1.2210 for some long opportunities with 1.24 - 1.25 as the target. We should be able to see further continuation unless there's any major catalyst bringing...

TraderNeoh

GU is performing as planned, had an impulse & correction phase, now pushing higher. Personally, I expect the market to perform some deeper pullback towards 1.3470 (support of the range) or even lower for buyers to again find interest in the pair as the market is over-extended. If there's a rejection at 1.3470, we could expect the market to re-test the recent high...

TraderNeoh

Overall, AU is trending upwards. However, I do not recommend traders to chase the bullish move as it is overextended, and I can expect some exhaustion and temporary rotational condition coming into play. For those who are involved in the long side, trailing stops is great to secure profits in such extended market. 0.7520 is the support of the range, however,...

TraderNeoh

Overall, EU is trending upwards, respecting the flag pattern followed by a re-test, build up and a breakout. EU found some bearish pressure yesterday but on the 4h it respected the build up support very well with a long wick rejection (1.2175). Will be mainly focusing on the long opportunities with 1.24 - 1.25 as target, unless there's a sudden catalyst bringing...

TraderNeoh

GU is overall trending upwards, breaking previous channel formation visiting 1.35 resistance. Today's trade idea will be mainly focusing on the long opportunities if GU breaks through the 1.3550 previous daily high with 1.36 as the primary target. If price failed the previous day resistance, we might see some short-term ranging condition between 1.3460 - 1.3550,...

TraderNeoh

AU has been in a long-term uptrend post-Covid, buyers' are showing massive interests in the pair. It usually needs a longer exhaustion to digest such an impulsive uptrend, we might expect some range bound condition between 0.7510 - 0.7572. Will be mainly focusing on the long opportunities on the upwards breakout of 0.7572 resistance zone towards 0.7670, however,...

TraderNeoh

As per yesterday's forecast, EU had previously broken the flag formation (correction) followed by a re-test of the trendline. If buyers are still interested, we could expect some long-term rally. However, price is currently having a build up phase, bouncing between 1.2139 - 1.2174. If price fails the build up, we could expect short-term decline back to the launch...

TraderNeoh

As GU previously had the impulse and correction phase, yesterday GU had a upwards breakout violating the channel formation and previous swing high. Today's trading session will be mainly focusing on the long opportunities, by looking for some pullback towards 1.3397 - 1.34 technical support zone for some continuation trade with target around 1.3510 - 1.36. Trade safe.

TraderNeoh

If you've checked my yesterday's forecast on EU, the market played out as exactly as planned. It's a simple impulse, correction (Flag), impulse setup. Personally, will be looking for continuation towards 1.24 - 1.25 technical resistance zone. However, do pay attention to 1.2174 daily high, if price fails to break the resistance it could signal a short term...

TraderNeoh

If you've checked my yesterday's forecast on GU, the market played out as exactly as i planned. The questions to ask yourself are "what's smart money thinking? Where do majority of the traders get trap?". GU is currently channel (range bound), could we see an easy push back to previous low or 1.31? Or could we see a break upside towards previous highs (1.3470 -...

TraderNeoh

The price action of EU is relatively clean. First impulse followed by a correction (flag formation), a break of the pattern with a re-test. We should be able to see some continuation upwards as there's no clear resistance till 1.24 - 1.25 unless there's catalyst bringing bearish sentiment into the market. If EU turns bearish, 1.20 is a technical support to watch...

TraderNeoh

As expected, due to the Brexit no deal, market had a selloff on Friday (11th Dec) from 1.3320 to 1.3135, followed by some strong gap up from 1.3220 - 1.3350 (130pips+) today according to the broadening top formation. 1.330 still serves as a key support on the higher timeframe. However, could we begin seeing a channel forming? If the bearish momentum continues be...

TraderNeoh

Due to the Brexit no deal, GU has been in a range bound condition bouncing between 1.33 - 1.35 zone. However, after some strong rise (post-Covid), GU is currently forming a broadening top pattern where usually it could possibly send the price higher. 1.3390 still serves as a key technical resistance where market could still reject off and resume it's range bound...

TraderNeoh

-Pound pairs have recently started a new uptrend -Conservatively looking at TP to at least previous swing high -This is just a personal analysis, trade at your own risk -Happy trading.