junjie_s

junjie_s

AUDUSD found support after a major retracement at 0.68495, however, the bullish trend was not strong enough to break resistance at supply zone. Await price to retest demand zone again for buy opportunities. If price does not support at that level, AUDUSD may fall to a lower price first. Watch price as it reaches demand zone to see if its supported before making...

junjie_s

GBPUSD initially found support at 1.29640 on a harmonic pattern. However, the bullish trend was weak which led to price dipping on last trading day. The bearish candle that formed wiped almost all bullish gains this week. This week, price is likely to fall lower and retest the 3 month demand zone. Watch as price reaches this level to see if it finds support, if...

junjie_s

AUDUSD has previously broken it's rising trendline, finally finding support at 0.69491 before starting first wave of uptrend. Await for retracement back to previous demand zone, and also 200SMA support for buy opportunities. Entry price 0.68762 - 0.68701.

junjie_s

EURUSD has undergone 2 waves of retracement back to previous demand zone and found support. With NFP data being weaker than expected, the Dollar may turn bearish. EURUSD found support on previous demand zone, and also formed an ABCD pattern. Thus, price is expected to continue rising this week. Await short pullbacks / retracement to key price levels to catch the...

junjie_s

AUDUSD been undergoing retracement after breaking key level 0.7000. Currently, the price is about to reach a demand zone from previously broken trendline. Wait for price to reach demand zone to look for buy opportunities around 0.68535 - 0.6840.

junjie_s

AUDUSD has continued its uptrend and broke key price level 0.7000, then retracing back to previous demand zone. With the DXY still breaking lows, the dollar weakness may prevail, allowing the AUDUSD to continue climbing. Watch price closely to see if current low is supported, if not, price may dip further before resuming the current bullish trend. The next demand...

junjie_s

USDCAD has finally broken out of its 6-Months range, following USD weakness. With CB Consumer Interest taking a dip on Tuesday, USDCAD may start trending downward. Wait for a pullback, back to previous range bottom around 1.30253-1.30412 for short position entry.

junjie_s

AUDUSD has started a reversal and is going strong. After price broke above the falling channel and found support, it has now broken key supply zone. With USD being weak as other currency pairs are gaining against the dollar, it is safe to assume AUDUSD will continue trending upwards. Wait for a pullback to the broken supply zone to buy AUDUSD again. The next...

junjie_s

EURUSD has finally found support at 1.1066 and may have a small rebound this week. As volatility is expected to be low this week, there should not be any big movements for EURUSD. Traders can attempt a long position at current price or 1.1040-1.1050, with SL being set below the demand zone from break of previous falling trendline.

junjie_s

After AUDUSD broke above a 12 month falling trendline, it has found support at demand zone from a previously broken trendline. Expecting price to continue rising till key resistance level, which is also a 61.8% fib level. Depending on how price reacts at that level, a good level to buy AUDUSD would be at previous support levels. Should AUDUSD break the...

junjie_s

EURUSD topped out forming a double top recently, and has begun its downward trend. Price has fallen to 3 week demand zone and found support today. Expecting price to retrace again back to range high before commencing the next bullish trend. Now would be a good opportunity for a short term long position, before selling again.

junjie_s

Gold has finished 3 waves of bearish trends in the past 3 months and have found support at previous demand zone. If price retraces back to 1450 - 1445 level again it would be a good buy opportunity.

junjie_s

Gold has finally peaked at multi year top and just finished one wave of retracement. A good level to enter a long position again is if price is able to retrace back to demand zone at 1445-1448 level.

junjie_s

EURUSD has broken key level 1.2 and through the demand zone, short term outlook of EURUSD seems to be bearish as market’s belief that the ECB will take a more aggressive approach to monetary policy than the US Federal Reserve. If price is able to retrace back to demand turned supply zone, it would be a good entry price for a short position.

junjie_s

EURHSD has tested the demand zone at 1.12 twice without breaking lower. Expecting price to climb till next supply zone at 1.128 level. Price may climb further up if its able to break the resistance at supply zone, backed with Feds cutting rates.

junjie_s

EURUSD has been on the rise after finding support at the 1 month demand zone, due to Feds signalling a rate cut by July. The long term view for EURUSD is bullish so if price can retrace back to H1 resistance turned support at around 1.127 it would be a good entry price for buyers. Precautions to be taken as ECB has also signalled for quantitative easing.

junjie_s

EURUSD has dropped back down into demand zone due to recent Dollar strength from NFP results and trade war talk. Expecting price to continue downtrend if its able to break below this zone. Also with the FOMC minutes and Powell's testify, price will continue the downtrend if dollar continues strengthening.

junjie_s

XAUUSD has broken 5 Year high last week and has been on a bull run. Price has consolidated after 2 waves of uptrend into an ascending triangle for a few hours before an upbreak again. Awaiting for a retracement back to the broken resistance level for better entry price.