Forexanalysis
GBPJPY 4HR ProjectionOverall GBPJPY has bearish trend.What we can see this week is if there a rejection at current support level the price will get back to 135.00 . However the price couldn't cross at 134.00 in the previous week after multiple attempt. so if the trend continuous we can expect is the price coming down to 129.50 for sure by this Thursday or week close.
GBPUSD WEEKLY ANALYSIS, JUL 6-10Hi traders,
wish you for successful trading week ahead,
GBPUSD pair looking to go up during last week, but its not successful for GBPUSD of being bullish..1.25000 price area which turned a support area into a resistance zone send the price down during end of last week..hope the downtrend continues for GBPUSD atleast 1.23 area during the mid of the week.. may go up from that support area.
Thank you all.
Note - Weekly prediction done as per price action analysis, price movement subjected to fundamentals changes also
Gold / XAUUSD Weekly analysis, June 29 - July 3, 2020Hi traders,
Wish you for the profitable week ahead,
Last week the pair touches the yearly high of 1778, and from the technical perspective Gold will looks to go downwards it seems,
it reaches the resistance area of 1777 and this pair has formed a RISING WEDGE PATTERN during the period of june month, this pattern shapes the Gold's July fate.. lets wait and watch for further action..
Note- Analysis done from the technical point of view for the educational purpose, this is not the final conclusion
USDJPY weekly analysis , June 15-19Hi Traders,
Wish you for the new week of trading , Dollar against Japanese yen have been bearish during last week, when it finishes on friday it came up to touch 107.600, where this same price zone acted as support for long time last few months now this area turned out to be a strong resistance zone . So this week USDJPY may be continues its bearish run till 105.900..
Note - Predictions based on pure technical analysis, Fundamentals impact also reflects in price movements..
XAUUSD, Gold against Dollar , Technical analysis May 11 to 15This pair, last 2 weeks its been moving inside the box , after May started its expected to go up but in contrast, gold against dollar pair is moving sideways.. after the strong bullish move from 1483 on March mid to 1747 on April Mid. and it clearly get itself into a accumulation zone.
I am not surprised if this moves in the similar way for the coming few weeks...Thanks
USOIL (CRUDE OIL) Weekly Forecast he weekly is turning up. The daily right side is down against the 76.96 highs from 10/3/18. The 4 hour right side is down against 65.78. While below the 4/3/20 highs where the hourly is turning down it can see weakness toward the 16.00 area before correcting the cycle from the 4/23/19 highs.
CRUDE OIL CHART FOR THE DAY Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.68 and while a bounce fails below there expect another swing lower to correct the cycle from the 10/3/19 lows.