After gold dumped in mid-June, i've personally been anticipating a move back to the upside. However, as you can see, it's more or less been consolidating since then, with a few decent moves but nothing major. Price has been revisiting the 1792-96 region since the 16th of June. We've broken past the major resistance of 1790 but for price to head upwards long-term,...
Analysis done on the monthly/weekly/daily timeframes. A couple of weeks ago i held a short from the blue zone, and i'm looking to do the same again down to the grey zones which were identified on the monthly/weekly TFs. As you can see, a very clear wedge channel is forming, which suggests an upcoming breakthrough, but i'm looking to hold a sell from the upside of...
Analysis done on the weekly/daily timeframe. Very clear bullish trendline on the weekly TF, S&D zones drawn out from the daily TF, including some key S&R levels. I expect price to come down at least to the middle zone, and if it it able to breakthrough it, then it will go down to the trendline. I may take some low risk buys from the middle zone with tight SLs...
Analysis done on the weekly timeframe. As you can see, USDZAR is in a clear downtrend. I expect price to come up closer to the trendline before ultimately heading down again. I have identified several key support and resistance levels from the weekly TF also. This is just my analysis, i've never actually traded any exotic pairs. If anyone has any advice or tips...
Analysis done on the daily timeframe. I see EU either retesting the 1.19150 area of support, or heading straight up into the upper pink zone once the market re-opens. Either way, I'll be looking to sell from the resistance zone 1.19890 (with confirmation of course) and aim to see price revisit the bottom trendline. Updates to follow, follow me to see them.
Analysis done on the weekly/daily timeframe. So, first things first: GU is on long-term uptrend, as are the other GBP pairs. Our economy is recovering. I've drawn a trendline from the weekly TF and price could very well come down to it. There's a chance price will go down to the lower S&D zone if it were to break and hold below 1.38000. However, there are...
Analysis done on the daily timeframe. If you look on the weekly TF, DJ is in a very clear uptrend but it hasn't had a major correction in a while now. I've drawn a trendline from the weekly which you can just about see on the chart (the black diagonal line), and i can see price heading down to it in the long-term. I have a few key S&R levels marked out, but what's...
I've posted an analysis with a bullish bias (represented by the grey annotations, visit my profile to see the chart and my thoughts in more depth), however the pink annotations relate to this analysis, which has a bearish bias. I've done this analysis on the weekly/daily TF and a bullish channel is clearly visible. The pink zones are the areas which i see price...
Analysis done on the daily timeframe. If you follow me you may remember i posted a chart predicting the CJ short. FOMC was the main factor behind this move as i didn't expect it to go down as much as it did, but now is a great opportunity to look for buys. As you can see, i have a trendline drawn. Price has respected it each time it's come down. I also have some...
Analysis done on the 4H timeframe. Bottom trendline drawn from the weekly/daily TF. Grey zone highlights the old ATH which we've broken, but struggled to stay above. I see price coming down near the trendline (around $14000) before bouncing up hopefully past the previous ATH. There's not as much this week in terms of fundamentals as there was last week, so...
This is my first time marking up a silver chart but these trendlines were visible to me straight away. Super clear trendlines, as well as clear support and resistance levels, visible from the daily timeframe. I believe that price may very well rally upwards once it breaks the top trendline. Price actually tested and respected the bottom trendline today which is a...
As you can see, i expect DXY to bounce off of the top trendline and make it's way towards the bottom trendline. It also looks like it may form a double top in the pink zone which is a bearish pattern. We should see a bullish response on gold if it does this. I expect price to remain contained within the trendlines until it breaks one of the structures and we see a...
Analysis done on the weekly timeframe and is therefore a longer-term analysis. I may post a short-term analysis later so follow me to make sure you see that. FOMC impacted lots of pairs last week, making gold drop around 1000 pips which is mental. A lot of my setups were invalidated due to fundamentals so i'll be posting new and updated setups this week. As for...
This analysis was made on the daily/4h timeframes. To see my long-term analysis on gold made on the weekly TF, follow me and look at the post before this one. Lovely and clear bullish channel seen here, the bottom trendline especially has been well-respected. DXY looks like it may double top on the 4h TF which should cause gold to bounce off of the bottom...
Analysis done on the daily timeframe. A clear, steep uptrend is very much visible and I expect price to come down to it and do one of two things: either break it, in which case my long-bias will be invalidated, or respect the trendline and bounce up. I want to see price break out of the top pink zone for confirmation that price is ready to head upwards. There are...
This analysis is about the pink annotations, which are from the weekly timeframe. The grey ones are from daily/4h and i'll be posting an analysis about them later... follow me to make sure you see that. As you can see, gold is in a clear uptrend. The bottom trendline has 3 or 4 points visible from the weekly TF where price has come down and respected the...
We've broken the bottom structure! I've been holding this trade since 31/5/21 and it's been a really lovely and profitable setup to execute. We're about 50-60 pips away from my final TP but i may close out before then, we shall see. I hope to trade more GJ in the future, i've been able to execute some lovely trades on it recently. Updates to follow.
I've been looking to swing USDCAD all the way up for a while now but it wasn't quite ready for it. However, there's a clear channel visible on the 4H that can provide us with the perfect opportunity. We will get confirmation for buys once price breaks and holds above the channel; extra confirmation when price breaks and holds above the upper pink zone. Updates to follow.