royschen07

royschen07

Bias Bearish Fundamental Analysis USD is Bearish and likely to reduce interest rates in sept 2024 supporting more bearish momentum JPY is Bullish fundamentally. Due to market meltdown in early Aug, JPY is taking a neutral position(no movement). However, JPY is looking forward to increase interest rate in the future. (likely dec 2024 or early 2025) Price...

royschen07

Bias Ranging Fundamental Analysis EUR is neutral and likely to reduce interest rates soon. NZD is bearish fundamentally. Due to geopolitical issues, XAU is bullish, putting NZD in bullish momentum. Price Action: Price rejected from Daily S/R level. The bearish movement has come in, creating a break in H4 support level and close below it. Price pulled back and...

royschen07

Bias Bearish Fundamental Analysis USD bearish datas, expecting interest rate reduction in sept. CHF is holding as more investor coming into chf due to risk off/safe haven currency Price Action: Price retrace back to H4 bearish TL & H4 Resistance level. Price rejected from there. Price broke and close below H1 support level and H1 bullish...

royschen07

Bias Bullish Fundamental Analysis Both data have been bearish. However, CHF has a stronger bearish movement. Price Action: Price is bullish. Price retrace back into H4 SR level and reject towards upside. Price formed a double bottom pattern too within the H1 TF. Confluence: Higher TF (W/D/H4) - H4 SR level. Retracement to Fibo 61.8 level. Lower TF (H1/M30/M15) -...

royschen07

Bias Bearish Fundamental CHF is holding with strength. USD is weakening with data. Price Action Price rejection from H4 SR level. Price formed a Head & Shoulder pattern and broke below H1 SR level (neckline) and Price also broke bullish Trendline. Price done a market structure shift towards downside. Bearish momentum is expected to continue Confluence H1 SR...

royschen07

Bias Bullish Fundamental USD weaker data with AUD holding strong Price Action Price broke H4 SR level. At retest of broken SR level, Price sweep liquidity and formed a double bottom pattern. Confluence H1 SR level, H4 SR level. Double bottom pattern. Align with H4 SR level.

royschen07

Bias Bullish Fundamental Analysis AUD has been extreme bearish for the week due to meltdown and gold downwards movement. EUR has been holding strong after the meltdown. Price Action: Price rejected from H4 SR level & H4 trendline. Price broken retracement bearish TL & H1 SR level and closed above both levels. Price most likely to continue...

royschen07

Bias Bearish Fundamental Analysis CHF is more neutral position. JPY after correction, most likely their interest rate will hold and possible increase further if the world can slowly adapt to it. Price Action: Price rejected from H4 & Daily SR level. The rejection caused broken H1 SR level and H1 retracement bullish TL. Price closed below both H1 SR & Bullish TL....

royschen07

Bias Ranging Fundamental Analysis USD & CAD ranging both bearish data Price Action: Price break H4 bullish TL & H4 SR level. In H1 Price respect the Bearish H1 TL. Price retrace back into H4 SR level. Price rejected from H4 SR level, Price broken through H1 SR level. Bearish Momentum is strong Set up: Short entry H1 SR level SL 2xATR(20) TP next H4 SR level R:R 1:5

royschen07

Bias Bearish Fundamental USD all bearish data. CHF is holding strong in bullish Price Action Price rejected from H4 SR level. Break through H1 SR level and H1 bullish TL (Wedge pattern) Setup Short entry Broken H1 SR level SL 2xATR(20) TP next Daily/H4 swing low 1:7 RR

royschen07

Bias Bearish Fundamental GBP has reduce interest rate (reversing to bearish) JPY still taking a strong bullish move (interest rate raise) Price Action Price retrace back to H4 SR level. Price rejected from the H4 SR level. Price formed a double top pattern. It has broke H1 Double top neckline SR level & Bullish Trendline from H1 TF. Confluence H4 SR level...

royschen07

Bias Bearish Fundamental CAD is bearish. CHF is ongoing bullish momentum Price Action Price retrace back into H4 SR level. Price consolidated in H4 SR level. Price broke through retracement M15 trendline and M15 Consolidation support level. Price close with a bearish momentum candle Confluence H4 SR level rejection, M15 SR level broken, M15 Bullish Trendline...

royschen07

Bias Bullish Fundamental NZD is very weak. EUR reduce interest rate but not weakening as fast. Price Action Price retrace back into Daily SR level and formed a falling wedge pattern. Price break through the Daily & H1 SR and falling wedge pattern with a close. Price is bullish again with the higher tf bias. Confluence Daily & H1 SR level broke through upwards....

royschen07

Bias Bullish Fundamental Analysis EUR is having resilient towards long side NZD is very weak now. Price Action: Price rejected from H4 SR level. The rejection broke through H1 bearish TL & H1 resistance level. The buyers have come back into the market. Long bias is high probability Confluence: Higher TF (W/D/H4) - H4 SR level Lower TF (H1/M30/M15) - Broken H1...

royschen07

Bias Bearish Fundamental NZD is weak and CHF is holding strong Price action Price rejected from H4 Bearish TL and broke out of raising flag pattern. The price also break and close below H1 SR level. This indicates that bearish momentum is still going strong. All time low, so using Fibo Extension for targets. Confluence H4 Bearish TL, Broken Flag SR level and H1...

royschen07

Bias Bearish Fundamental AUD is weak and JPY is extremely bullish. Price Action Price consolidated at Daily SR level. It broke out of the consolidation of Daily SR towards downside. Bearish movement is confirmed continuous. Confluence Close to H4 Bearish TL and Rejection from Daily SR level. Broken H1 consolidation Support level and a Double Top...

royschen07

Bias Bearish Fundamental JPY increase interest rate GBP likely to adjust interest rate tomorrow. expecting high volatility Price Action Price consolidated at Daily SR level. Price rejected from the bearish TL and broke out of consolidation. Move bearish movement expected Confluence Daily SR level, H4 bearish TL H1 Consolidation broken SR level Setup Short trade...

royschen07

Bias Bearish Fundamental JPY increase interest rate NZD is very bearish from all datas Price Action Price consolidated at Daily SR level. Price rejected from the bearish TL and broke out of consolidation. Move bearish movement expected Confluence Daily SR level, H4 bearish TL H1 Consolidation broken SR level Setup Short trade entry at H1 broken SR level. SL 2x...