topekekere

topekekere

High of the week last week was 1.116. Next supply is 1.15, shown with rectangular red box. Following last week's analysis, we are buying the pair First take profit 1.125 Second take profit 1.15 Short term direction: Bullish Long term direction: Bearish Follow me and I will follow you. Share your own ideas on the thread, boost my ideas for others. Disclaimer:...

topekekere

The benefit of trading on tradingview is that it gives you a high level overview of the historical price of the pair of your interest. Price broke the high of the last week 52 of the year 2023 (27-Dec-2023) at the value of 1.11250 at week 34 of this year (21-Aug-2024). It took 34 weeks or 8 months for price to grow or reach this level. In week 35, the dealer...

topekekere

EURUSD has been trending in the upward direction since it broke above 1.09000. On 26-12-2023 price met a resistance at the value of 1.11250 shown with the pink rectangular box with the resistance as label. Before reaching the high of 1.11250, price pull back to what I can call intermediary support on 02-10-2023 at the value of 1.04750 shown with the green...

topekekere

Price level 0.68500 which served as support became a supply or resistance zone for the pair on a higher time frame. This week, market failed to reach this price level. In other words, price turned from 0.67750 like a lady who refused to kiss the price at 0.68750 - about 100 pips away if you narrow down to smaller time frames. We therefore frame our resistance zone...

topekekere

I frame the long term direction of FX:GBPUSD because the price is trending above a tested area of support 1.16716 on a higher time frame analysis. An untested resistance price level lies on 1.31250. If you want a zone around that level, you will have 1.315 - 1.3075 The dotted lines show half price points of the pair and it illustrates how market decisions are...

topekekere

The benefit of using trading view is that it helps you to easily see supply and demand zones. The red horizontal lines are supply zones while the green horizontal lines are demand zones. If you still don't see that FX:USDCAD is in an uptrend, you should see that the resistance or the pair is supplied at 1.46250 and support at 1.21250. You should easily see the...

topekekere

CPI news pushed FX:EURUSD from trending weekly price or fair price of 1.084 to the next area of resistance. Except you are using a robot (you can ask me about the one I use), traders need to re-evaluate their analysis. Like I promised in my earlier analysis, I said should price not keep below 1.084 (where the red flag is), I will re-evaluate. Re-evaluation does...

topekekere

As long as FX:EURUSD stays below 1.08400 this week and maybe next week for confirmation of the downward trend, then we can ride it down with 1.06250 with risk management in place. Remember the trend is your friend until the end when it bends (Marty Zweig) Entry price 1.0840 (weekly resistance) Take profit 1.0625 (support) Lot size 0.01 Weekly trend:...

topekekere

Having identified that weekly support as 1.0675, I will wait to see price action around weekly support 1.09 before analyzing this pair further. My personal bias is that FX:EURUSD will range this week. Long term bias: Bearish Weekly bias: Ranging market Let me know what you think. Feel free to share, like or boost my idea. Disclaimer: Not a trading advice,...

topekekere

Having identified that weekly support as 1.0675, I will wait to see price action around weekly support 1.09 before analyzing this pair further. My personal bias is that FX:EURUSD will range this week. Long term bias: Bearish Weekly bias: Ranging market Disclaimer: Not a trading advice, educational purposes only

topekekere

FX:EURUSD ended on bullish run for the week ending at 1.084. Levels to watch this week are 1.0875 and 1.09. These levels need to be broken as they are mini-resistance areas or weekly resistance price levels. By Wednesday the weekly direction of the pair should be clear. I anticipate that price will range around 1.0875 and 1.09 before either continuing to make...

topekekere

FX:XAUUSD has been trending higher since it moved from the accumulation or range of a low 1633 and 2041 high. I therefore frame that the long term trend of the golden commodity is bullish. Having established bulls in the golden market, I review recent golden prices, i.e. recent prices of gold. I quickly see that gold is trapped again in a range. On the calendar...

topekekere

GBPUSD has been making bullish runs from the low of 1.23 in week 17, on 24-04-2024. I frame a bullish overall long term of this pair (detail analysis is for another time). Price began to retrace after eight weeks, precisely on 12-06-2024 (week 24) from 1.285. Price found support at 1.262 in week 25 (21-06-2024). The pair found support three times showing a...

topekekere

The long term trend is bearish (will require another analysis) - for the sake of brevity if we assume that the overall trend is bearish. The objective is to determine whether there will be a retracement or continuation in the downward trend. In week 24 price was supplied from 1.085 to 1.067 as a downward trend. Low of the week (week 24, 14-06-2024) 1.067 found...