Samuel124

Samuel124 Updated 

The USDCHF currency pair exhibits a marked bearish trend over the long and medium terms. In the short term, a clear bearish price action has been observed since March 21, characterized by a series of lower highs and lower lows. Analysis from the Elliott wave perspective suggests that the corrective wave 4 of the impulsive bearish move has been completed, and the...

Samuel124 Updated 

CADJPY has been observed to be in a bullish trend that was initiated on the 24th of March. From the technical analysis, it appears that the pair has completed wave 1 and 3 of the impulsive move, with wave 3 delivering a considerable 280 pips gain. The wave 3 appears to have peaked on April 4th at 99.185, and since then, we have seen a decline in price, indicating...

Samuel124 Updated 

Hello Traders, Here is my long term view of USDJPY: USDJPY has been in a bullish rally since mid-January 2023, with wave 1 as a leading diagonal and wave 2 as a corrective zig-zag pattern. Wave 3, the longest wave channel, unfolded from March 24th to June 30th. It appears we are currently in wave 4, which is expected to be a sideways movement, possibly a...

Samuel124 Updated 

Hello Traders, Here is my analysis of USDJPY. From an Elliott Wave Theory perspective, below is my intraday interpretation of price movement: The price action that began on August 17th at 146.555 during the Asian session is interpreted as the initiation of a corrective phase within a larger trend. This correction took the form of a zigzag pattern, which is...

Samuel124 Updated 

Hello Traders, Here is my outlook on NZDCAD. The NZDCAD currency pair is currently experiencing a bearish trend on the H1 timeframe. Last week, it underwent a correction and reached the price level of 0.82107, which coincided precisely with the 0.382 Fibonacci golden ratio. This price level acted as a significant resistance point, leading to a subsequent...

Samuel124 Updated 

Hello Traders, From Technical analysis perspective, the GBPUSD pair is displaying signs of a potential bearish move after experiencing consolidation on Monday, July 31st. The Composite Operator (CO) executed a stop hunt to the upside just before the New York session yesterday, in the form of an an upthrust, but it failed to break the Secondary test, indicating a...

Samuel124 Updated 

Hello Traders, Trust you are doing great. Allow me to show you my decked chart of AUDUSD. From a technical standpoint, if the resistance is broken to the upside, we can expect the price to rise initially to 0.68034, indicating a gradual buildup of buying momentum. Should this momentum continue, the price may rally to 0.68374 and then to 0.68944. Looking at...

Samuel124 Updated 

Hello Traders, Here is my intraday technical outlook of AUDUSD. Long term On the H4 time frame, a big inverted head and shoulders pattern is seen, indicating a potential long term bullishness. Short term AUDUSD has displayed interesting price action, indicating potential bearish momentum in the near term. Here's a breakdown of the short term...

Samuel124 Updated 

Greetings traders, I would like to provide an updated analysis of the GBPUSD pair. Despite the market deviating from my initial analysis, it is crucial to reassess the current outlook. Presently, it seems that the pair is undergoing a corrective phase in a downward direction. Based on the observed price action, a leading diagonal formation has emerged in wave A,...

Samuel124 Updated 

Hello Traders, I would like to bring you my view of NZDUSD currency pair. The NZDUSD currency pair has been undergoing a corrective wave (4) since the 31st of May. It is evident that the correction is nearing its completion, as indicated by the complete formation of lower degree waves (a) and (b), with wave (c) reaching its termination zone. This development...

Samuel124 Updated 

Greetings, fellow traders. Let's proceed with our analysis of the GBPUSD pair. Based on the current price action, it appears that GBPUSD has completed the initial corrective wave A within the broader correction. As a result, the subsequent wave B is currently unfolding and may be nearing its completion. If this correction follows a simple structure, it is...

Samuel124 Updated 

The GBPUSD currency pair has initiated a downward corrective movement subsequent to breaking out from the ending diagonal pattern during the Asian session today. Currently, the pair is in the first wave (a) of the correction phase and is anticipated to conclude around the 1.24650 area. Following the completion of the wave (a), we expect a rally to form the wave...

Samuel124 Updated 

According to the Elliott wave principle, the XTIUSD 4-hour chart appears to have completed a primary degree impulsive wave 1 followed by corrective wave 2. The current price action suggests that wave 3 of an ascending impulse is now underway. It is anticipated that XTIUSD will face resistance around the 73.88-72.84 range, and as a result, is projected to climb...

Samuel124 Updated 

We have witnessed a significant bullish ride on the CADJPY pair from the low of the 24th March at 94.069 to the high of 31st March at 98.745, accounting for over 450pips move. After this rally, it appears that the move has reach a termination point, where correction of the 467Pips bullish move is expected. My expectation of the corrective downward move is based on...

Samuel124

EURNZD currency pair just hit the mid term resistance zone, after a medium term rally from the harmonic reversal pattern yesterday. An internal bullish bat was also responsible for the upward pressure from 1.73427 to 1.7451 region on H1 TF. Moreover, EURNZD is also at the resistance zone of the bullish channel, and a drop is iminent. As such, I'm anticipating a...

Samuel124 Updated 

The AUDUSD currency pair has exhibited a recent uptrend within the M30 bullish channel, presenting favorable opportunities for range trading. However, a bearish breakout occurred below the lower boundary of the aforementioned bullish channel at 0.66620. This event was followed by the pair’s breach of a key support zone at the psychological level of 0.6650,...

Samuel124 Updated 

The CHFJPY currency pair is currently encountering resistance at the 144.205 level, where previous selling activity suggests a potential drop in value. This outlook is further corroborated by the emergence of a well-formed harmonic reversal pattern, specifically a bearish butterfly. Moreover, a bearish engulfing candlestick pattern materialized on the weekly chart...

Samuel124 Updated 

The GBPJPY trend for the month of March has been quite bearish, with the pair experiencing a significant decrease in value from 164.505 to 158.549, representing a decline of approximately 550 pips. This decline has been consistent across both daily and H4 time frames, indicating that the bearish order flow is quite strong and sustained. Despite this trend, there...