-Last week, gold crossed the Supply around 1830-1832. -With 1846, speed up the price and minor retracement for buying opportunity without any significant retracement. -Now, the Demand and Supply marked on the chart -This is a buying setup, but needs to wait until 1867-1875 -The weekly demand zone is 1880-1895 -After touching the strong demand zone 1867-1875,...
-The gold price last week retraced after the NFP data and took the demand zone of the last swing low area which is near 1808-1805 -Before going upside the gold needed to retrace the same demand zone from 1812-1816 -Need to break the near resistance which is 1837-1844. -For the breakout long 1846.800 SL 1837.300 TGT 1877.500 -The near support is 1812-1816
-After the full week downside the AUDJPY moved upside with the help of NFP data and reached near the supply zone -Before moving outside for healthy movement need a small retracement for the next round of upside -the levels are marked on the chart -in this situation, both sides move could be possible. -for the long need to break the 97 psychological mark and for...
-For a very long time the EURUSD has been on the downside so always seek selling opportunities -Last week the price was heavily down but a slight bounce came. -The pattern suggests another small upside pending -Supply Zone is 1.07260-1.07660 -Deemand Zone is 1.04380-1.05150
-The price is retraced after the downtrend, but per the downtrend sometimes this type of bounce. -The nearest supply zone is around 1.23760-1.24260, SL should be 1.24480 -Every bounce is a selling opportunity, TGT 1.19500 below -If the Price crosses the SL then the expected next supply zone is near 1.27000
-Per last week's move, we can see the price is in respect to the deemand zone and try to test the supply zone -Before reaching the supply zone, it should test the near deemand zone, which is 1913-1910 -Then expect to reach the supply zone, which is 1937-1937 And a minor retrace for a healthy upside. -The recent low is near 1901-1899 to break down the price....
-The Price is between the Major supply zone and a small hidden demand zone. -Once either side breaks out, it will move to a big one. -Wait to break any one of the sides. -Supply Zone: 1948-1956 -Hidden demand zone:1934-1936 -Below the hidden demand zone, can test 1900-1902 levels
- FXOPEN:AUDJPY Making a lower high on daily TF means it is trying to retest the near-demand zone marked in the chart. -Every bounce is a long trap/ sell on rising until it breaks the recent high of 95.140 prices. -It is in the channel. Just sell on rising recommendations. -All technicals are marked in the chart.
- FXOPEN:AUDCAD faced the supply near the 0.88170-0.87990. -Per the supply /deemand rule need to test multiple support lines again to cross the supply zone. -If the price closed below the MSL, there is a chance to test the previous swing low. -Recommended that wait for a long near MSL and SL should be 0.87139, and TP is the supply zone. -If long scenarios do not...
As analysed on July 10 regarding the short opportunity on USDJPY, moved perfectly and respected the deemand area. And made a double bottom or W pattern nearby. Now the price is bullish to touch the near high so every deep is a long opportunity. Unless the price break, the fresh low keet buys target the swing high /Major supply area.
The last week, XAUSD showed weakness, but on Friday, due to an event , price retrace near to supply zone. There decided zone near 1956-1962, above 1962 closing we can see another spike up and the chance to reach to 1980-1985 or above. If 1962 does not break, then search for a selling opportunity to sell and test the 1904-1895
As per the structure, the price continues to decline to reach the 1st deemand area to go further, and also, there are three deemand created in a 4hr time frame. If you watch the recent high and AO , there is a divergence between them Where the price makes higher high, but AO is losing the buying momentum and decreasing. Better to find a short...
Presently conditions look like Gold is near weekly and significant supply zone. There is a chance of retracement near 1936-1940. If the 4Hr price closed below 1933, sell on the rise and keep stop loss 1935.
The AUDCAD respected the support. and formed the double bottom with a low swing stop loss. All levels are marked on the chart. --------Disclaimer----------- Charts are for educational purposes. Non-advisory, discretional.
The EURUSD gave a channel break and went straight towards the resistance zone. If the first resistance zone breaks, then the central resistance zone has a chance to touch it. Every dip is a buying opportunity. --------Disclaimer----------- Charts are for educational purposes. Non-advisory, discretional.
The price is ready to retrace to the demand zone. Before going to the upside. Possibility of the double bottom near the deemand zone The reversal will happen after touching the 1st or 2nd demand zone
USDCHF is possibly a long trade; the reasons 1. It is near the support area and checks the previous bounce happening in the same area 2. Also made double bottom near the support area for double confirmation. 3. Low-risk and high-reward Other Info in the chart.
In Daily and Weekly, TF shows weakness, so every bounce is a shoring opportunity. There are two resistance on the chart in 4Hr TF, as marked in the chart. The strong support zone near 138.500-139.200.