Forex Analysis & Ideas

FOREX OUTLOOK 2024

FOREX OUTLOOK 2024

FOREX OUTLOOK 2024 Here are my thoughts on the forex outlook 2024. We have had multiple pairs showing signs of reversal and continuation. I will use supply and demand concepts to analyze where I think the market will head in 2024. GBPUSD On the monthly charts we have a long term bearish scenario. After a […]

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2024 OIL OUTLOOK

2024 OIL OUTLOOK

2024 OIL OUTLOOK On the monthly charts, we have a consolidation around a strong demand level. On the weekly timeframe, we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels. Dropping down to the 4-hour chart, we have a bullish bias targeting 77-90

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USDJPY CHART

FOREX WATCHLIST WEEK 47,2023

FOREX WATCHLIST WEEK 47,2023 As the year draws to a close, we are witnessing major shifts in structure across multiple pairs. Low liquidity is a prevailing phenomenon in Q4, therefore, exercise caution. USDJPY Finally, there are signs of shift in market structure from bullish to bearish. On the 4 hour chart, we have an internal

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FOREX WATCHLIST WEEK 45,2023

FOREX WATCHLIST WEEK 45,2023 USDZAR In Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted order flow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then

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US 100 CHART

FOREX WATCHLIST WEEK 34, 2023

US 100 Index Investors reaction to disappointing data from China’s economy is reflected in the bearish momentum we are presently witnessing. We have a break of a previous flip zone which informs our bearish outlook of this index. We have two possible entry points; 15234 and 15466. I favour the former entry targeting to exit

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