XAUUSD - FINAL TARGET 1870 (GAP) There are 3 targets in gold now: 1. First Target - 1900 2. Next Target - 1886 3. Final Target - 1870 But before getting to the targets, we'll potentially see that gold will retest to it's latest resistance level at 1925. What do you think?
EURUSD has breakout it's bullish flag pattern and could reach it's final target on 1.10919. But before that, we can potentially see EURUSD retest on the latest resistance level before continuing it's bullish trend. What do you think?
CADJPY (21/06/23) After trying to breakout the base in H4, we can see that CAD/JPY has lost it's stochastic 5/3/3 momentum and could potentially cross down to it's support area. Potential Drop to 2 latest support area (106.577 and 104.650).
In the following image, I've provided my analysis for the pair 'NASDAQ'. The image shows the potential upside movement for NASDADQ next week. NASDAQ has 2 nearest bullish order-block that hasn't been filled yet (H1). So we're expecting NASDAQ to hit it's Fibonacci 1.618 retracement before making a secondary reaction (correction wave movement). What do you think?...
CHFJPY has rejected it's H4 timeframe trendline and potentially will be finishing it's secondary reaction. A long position would be good, we'll have to wait for swing low at H4 and changing trend at M15 first before opening a long position. What do you think?
BBCA - POTENTIAL DROP BEFORE BULLISH BBCA has reached it's peak and now potentially making a secondary reaction before continuing it's bullish continuation.
In the macro-economy, USD itself has dropped significantly in the past few days from news. In the charts at the H4 timeframe, we can see that GBPUSD has made a falsebreak on the strong resistance, which indicates GBPUSD is potentially going to drop for a short amount of time (2-3 candles) before going bull. GBPUSD is potentially going to drop to it's base area,...
DXY MARKET OUTLOOK - BEARISH TREND? DXY has broke the bullish trendline in the Daily Chart. Here's the potential movement for DXY.
XAU/USD is currently potentially making a secondary reaction. There will be 2 scenarios. The first one is it'll fill it's demand area and then stop it's secondary reaction and continue it's upside bullish movement, or it'll fill the FVG in the yellow area I filled, then continue it's upside movement. The ending scenario should be up. We can either countertrend...
BMRI has made a cup and handle pattern and has breakout. Potentially longterm BMRI will go to Rp12,100 (last target). But before we see BMRI moving upward, we'll see a retest on the area Rp10,300-Rp10,350. And that's where I will be putting my trades on. Take Profit target 1 is at Rp11,000 & don't forget to set breakeven. Stop loss is area Rp10,150. This is a...
XAUUSD: BULLISH TREND XAUUSD has made a change of character on the 4 hourly timeframe and will possibly break the bearish trend and start to move upward. XAUUSD will make a small correction since it has reach it's overbought momentum and reject the 1.618 Fibonacci area (dropping to EMA 90) before continuing it's bullish movement. NOTE: THIS IS A PERSONAL...
NASDAQ Daily - Resistance Become Support DISCLAIMER ON: NASDAQ will potentially break it's bearish trend and potentially move upward for next week. We'll see NASDAQ goes retest first to the moving average area before it's strengthen to the upside resistance target.
GBP/JPY Bullish Continuation GBP/JPY will potentially go bullish after it's sideways in the 4 hourly timeframe. We'll see hopefully GBP/JPY hit the Fibonacci 1.618 & the strong resistances tail. This is also supported by the Stochastic indicator pointing upward.
NASDAQ potentially will go sideways before NFP report on the 3rd March 2023. But before that I think we'll see that NASDAQ will make a secondary reaction before going on sideways. We're able to take a few profits from countering trend in NASDAQ. Disclaimer on.