My thoughts on AUDCHF (requested by many subscribers) - Technical analysis: Although AUDCHF still in a long-tern downtrend, the 4HR OB zone (Order block) is really strong because of many consecutive impulsive candles to the upside and broke more than 4 previous high in the 1hr timeframe. Moreover, there are many big wicks near the 4HR OB ZONE and daily demand...
My thoughts on GBPAUD (requested by one of our subs) - Technical analysis: After a strong uptrend in the last recent week (impulsive candles and HHHL structure), GBPAUD almost retest the strong 4hr demand zone (OB zone). This is strong OB zone because the bullish impulsive candles broke more than 3 previous high. Moreover, the short volume is currently decreasing...
GBPNZD FORECAST (requested by one of our subs) - Technical analysis: Recently, after retesting the 4hr demand zone of 1.92220-1.91720, GBPNZD went straight up with 2 impulsive candles. This may indicate a continuation for a long-term uptrend of GBPNZD. Also, on 1hr timeframe, based on order block theory, we have a very strong OB zone (after breaking various...
USDCHF FORECAST (requested by our subs) - Technical analysis: USDCHF is in strong downtrend because of LHLL structure and many bearish candles. Also, there are no signs of reversals such as big wicks or consecutive impulsive candles to the upside. My target for USDCHF is still waiting for the retracement to the previous important zone - Fundamental analysis:...
XAUUSD FORECAST (requested by our subs) - Technical analysis: Gold is still in a strong uptrend with good HHHL structure and many bullish impulsive candles despite the down move of GOLD after #USD PMI news. My target for GOLD retracement would be 1760-1750 zone. - Fundamental analysis: COVID pandemic is still spreading in many countries in the world, record...
My thoughts on EURGBP (requested by one of our subs). -Technical analysis: After a huge downtrend in the last few months, EURGBP had shown some signs of trend reversal (demand zone was created on the daily time frame) (many impulsive bullish candles to the upside) (big wicks showing that the downtrend is weak). My bias for EURGBP is long. EURGBP may pullback...
My thoughts about EURUSD (requested by one of our subs). - Technical analysis: In the recent week EURUSD was in a uptrend (created nice HHHL structure) with many impulsive candles (Purple zone) to the upside. Currently, the uptrend is still strong because reversal patterns (big wicks, head and shoulder,...) are not created. - Fundamental analysis: German...
My thoughts on GBPUSD (requested by one of our subs). - Technical analysis: In March, GBPUSD was in long-term downtrend because of nice LHLL structure (broke through various important to the downside) and many bearish impulsive candles. However, the trend reversal is confirmed when price cannot broke through the 1.36810-1.36670 demand zone and many wicks were...
My thoughts on XAUUSD (requested by one of our subs) - Technical analysis: Recently, XAUUSD was in a uptrend after strong 1681-1675 demand zone was retested. Also, nice HHHL structure can be seen on the chart to confirm the uptrend. - Fundamental analysis: China allowed banks to import 150 ton of gold worth $ 8.5 billion in April and May. This indicates that...
Hello everyone, hope all of our subscribers have a great day. Here are my thoughts and updates about GBPCAD ( requested by one of our subs). In March, GBPCAD was in a down trend (created nice LHLL structure and broke through important zone of 1.74890-1.74470). However, after retesting the 1.71920-1.71420 demand zone, GBPCAD was ranging between the mentioned...
My thoughts on XAUUSD (requested by one of our subscribers). In March, GOLD has been ranging between the supply zone of 1761-1750 and the important zone of 1727-1718. In the last week of March, gold pushed through two important zone and then retest a strong demand zone. After that, many impulsive candles were created to support the trend reversal. My bias for...