GBPUSD moved a different direction as what was expected from our analysis last week. It made a gap at the start of the week and went down all the way without looking back. It stopped the price movement in bearish consolidation zone 2 and ended the week with a hint of a continuation of the trend. As the pair is currently residing in the consolidation zone 2,...
EURUSD did not make any strong move in Week 19, and it has moved comfortably within its consolidation range. I personally only took one signal in EURUSD in Week 19 as it seems not to show any good signals. The price is currently sitting at the top of the consolidation range and it is still unsure if the price would fall back to the consolidation range or would...
USDJPY moved way beyond the expectation of the analysis. It opened with a big bearish gap and continued its downward move till Friday. Spectacular week for short traders, congrats to all short traders who made an awesome profit! In Week 19, USDJPY only showed the Bullish strength a few hours before the close of the market. USDJPY threw a reversal pattern at its...
USDCHF spent much time in the range of level 1 and finally, it broke down to a new low towards the end of the week, moving into the level 2 consolidation zone. USDCHF moved much to what was expected of it, consolidation then followed by the trend move. I hope traders have taken advantage of the range and made good profits for yourselves! The analysis for Week 19...
USDCHF moved accordingly to what we expect in Week 18, albeit it is not that of a massive move, short traders can still make good gains from shorting with low drawdown. The reversal zone delayed for a little while before the bearish move, it dipped a little, followed by a consolidation which forms the level 1 of the bearish zone. The NFP that occurs on Friday...
USDJPY moved as expected from our analysis in Week 17, breaking through the level 1 consolidation zone. It ended the week with a strong bearish move after the NFP and stayed low till closing. The analysis is currently pointing to some form of potential consolidation that might happen in Week 19 as it is in the bearish zone 2 now which the rally can move about...
GBPUSD shifted massively away from where we ended in Week 18. Any traders going long at any point of time would have made a good profit. With such a strong bullish move except for a short pullback at level 2, can the trend continue on through Week 19? Well, the analysis suggested that we will be looking at a downward rally soon before the price continues back...
EURUSD made a great bullish move at the start of the week, however, it started to stall and resume the bearish move somewhere in the middle of the week. Fortunately, it continues back its bullish power after the NFP on Friday. EURUSD currently sits at level 1 of the bullish zone, and the analysis pointed to us that the pair would be likely to continue its...
USDJPY moved as expected from our analysis in Week 16, breaking through the level 1 consolidation zone. It ended the week with a strong bearish move after the NFP and stayed low till closing. The analysis is currently pointing to some form of potential consolidation that might happen in Week 18 as it is in the bearish zone 2 now which the rally can move about...
USDCHF moved accordingly to what we expect in Week 17, albeit it is not that of a massive move, short traders can still make good gains from shorting with low drawdown. The reversal zone delayed for a little while before the bearish move, it dipped a little, followed by a consolidation which forms the level 1 of the bearish zone. The NFP that occurs on Friday...
GBPUSD shifted massively away from where we ended in Week 17. Any traders going long at any point of time would have made a good profit. With such a strong bullish move except for a short pullback at level 2, can the trend continue on through Week 18? Well, the analysis suggested that we will be looking at a downward rally soon before the price continues back...
EURUSD made a great bullish move at the start of the week, however, it started to stall and resume the bearish move somewhere in the middle of the week. Fortunately, it continues back its bullish power after the NFP on Friday. EURUSD currently sits at level 1 of the bullish zone, and the analysis pointed to us that the pair would be likely to continue its...
So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18. GBPUSD seems to have overextended its bearish move in Week 17, pretty much like the USDCHF. It ended the week with a reversal pattern at level 5 of the bearish trend. That made me incurred some losses...
EURUSD completed its bearish movement in Week 17, and towards the end of Week 17, it also tried to make a bullish move. So sorry for not posting my analysis of Week 16, as I was overseas! However, I was trading through the week, so I am back with the analysis of the coming Week 18. EURUSD made a very expected bearish move in Week 17. I managed to catch part of...
USDCHF made a very strong bull movement for the past two weeks and I personally suffered some losses by going short on them, however, I am glad I avoided them completely in Week 17 since it showed that it is going to extend its bullish movement. I am away for the weekend of Week 16, thus, I did not make any update. However, I am still trading the market, so I am...
A great week for USDJPY! I missed out on my analysis for Week 16 as I am overseas, however, I am still trading the market! USDJPY made a great move towards the end of Week 17. I had a wrong level count previously that led to me still looking for another high to be made in Week 17. Now looking at the situation, USDJPY actually made a reversal pattern in Week 17...
USDJPY moved as expected for the first half of Week 15, completing a 3 level bearish move. That move was quite fast as it completed in just half a week. Following the completion of the bearish move, it then makes a bullish movement that took back the bearish move made during the first half of the week. What a strong bull we are seeing! Traders who took short...
EURUSD moved as expected from Week 15's analysis. It made a bullish move and break into bullish level 3 ending the week with a full bullish move. Traders going long would be rewarded, however, short sellers who caught the dip in the middle of the week would be rewarded as well. In this week's analysis, we see that the pair has gone up to bullish level 3, where...