waleedkhan

waleedkhan

USDCHF near term bearishness As indicated by the price action reversal candles on the daily bouncing off resistance areas and the over all possible correction of the USD index after having a very strong bullish run...

waleedkhan

NZDUSD Bullish engulfing bars near support areas... Could mean bullish retracement is near. I have marked the 3 target areas... Good Luck!

waleedkhan

These past 4 days gold has been moving back up quite aggressively... This is typical behavior after a double or in this case a triple bottom... We expect price to keep retracing until the resistance zones marked... Watch for price action reversal candles along those levels. They should give a good short entry which could in turn make the price go a lot lower...

waleedkhan

A look at the inverse relationship between gold and the us dollar index Is it time for a short to medium term bottom in gold...? Could the same be said for the dollar? The stars seem to be indicating that... Silver has also posted a rejection pinbar on the daily.

waleedkhan

Right now there are 2 possibilities...1) oil continues to sell off to complete the 5th leg, or (2) then price must retrace to the marked areas if it does hold at b, then price should retrace up to the red resistance lines which also happen to be fibonacci levels.... My personal bias is on the 38.2 fib level for c at $97. However since we are moving into the...

waleedkhan

GBPUSD - Long term price forecast (After the dust settles with the Scot vote...) based on a potential ab=cd setup & the fact that we might see a short term renewed confidence in the cable because of the 'no vote' which will eventually be curbed by the strong usd index...

waleedkhan

Usdcad elliottwave scenario The highligted box is a possible consolidation area if the wave turns out to be a sideways (corrective wave), as indicated by the blue dotted lines...

waleedkhan

Gold seems to have bounced off its resistance area and appears weak around the resistance at 1242.8. It is worth going short at these levels with stop loss above 1243-46 and aim for 1180 - 1215. However one should be careful by not risking to much as the USD index has appeared weak the last couple of days and could thus reverse/retrace for a little while which...

waleedkhan

Trading strategy has been described on the chart. If gold breaks the top line then we could possibly be at the start of the 3rd impulse wave.

waleedkhan

USDJPY seems to be moving into more strength by breaking out of its 8 month high last week. The strong position of the USD index is definitely going to give the pair more momentum and push it a lot higher. Our current support levels are on 104.682, followed by 104.244 and finally 103.500. The first area of resistance can be seen on 106.4.

waleedkhan

USDCAD has been consolidating sideways for a number of days now. We believe that it will start to move higher now as it has already retraced 50%, plus posted a bullish pinbar. USD CAD has a lot more room for the upside and this could perhaps be the start of the 3rd impulse leg which often is the sharpest and the most potent. The first area of support is at...

waleedkhan

Eurusd has been continuing its sell off for the past 9 weeks. After last Thursday’s (04/sep/14) dramatic fall (over 200 pips in under 4 hours or less) on account of the ECB meeting and despite a negative NFP number the pair could not gain significant ground; which indicates that the market wants to continue selling off. As of right now, it does seem that the...

waleedkhan

GBPUSD has remained under a lot of pressure after trending downward consistently since mid july. The intensity of the selloff only seems to be increasing; which indicated that the pair might have a lot lower to go still. The sentiments are still negative with the Scottish vote for independence looming in the air until 18th September. Perhaps the overall strength...

waleedkhan

Is time for a minor correction / retracement again?

waleedkhan

USDJPY Support & resistance level analysis We are right now very close to the highest top which has been made in the recent years. If this level breaks then we will enter into new price territory or back into the same levels of (2007-2009)

waleedkhan

EURUSD S/R levels analysis

waleedkhan

US Crude Oil (WTI) Suppor & resistance analysis

waleedkhan

XAGUSD (silver) Support & resistance analysis.