FOREX WATCHLIST, WEEK 31, 2023 Earlier in the month I posted analysis of major currencies indicating several scenarios. We are in the tail end of corrective moves, we are anticipating continuation of the main trend. XAUUSD After strong data from the US on unemployment, the dollar rallied causing XAUUSD to slide. Presently, we have […]
Forex Analysis & Ideas
FOREX WATCHLIST WEEK 28, 2023 XAUUSD Towards the close of Q2 2023, Gold had completed its rally against the Dollar. Q3 ushered a shift in order flow where we saw Gold form new lows at 190 price handle. Presently we are witnessing a completion of a bullish correction. In the coming days or weeks we
MARKET OUTLOOK 2 Q3 2023 CROSS JPY PAIRS As we cross into the second half of 2023, we have updated the market outlook with cross JPY pairs bullish in the short term and bearish in the long term. Later on, we will update our outlook as more setups present themselves. GBPJPY LONG On the monthly
MARKET OUTLOOK Q3 2023 As we cross into the second half of 2023, we have updated the market outlook with the dollar bullish across major pairs. Presently we have bearish setups we are monitoring. Later on, we will update our outlook as more setups present themselves. BTCUSD SHORT On the 4-hour chart, we anticipate a
GBPNZD FORECAST UPDATE In the one-month timeframe, GBPNZD has mitigated the long-term supply zone (in red). The long-term outlook on the monthly timeframe is largely bearish, though the pair was in bullish mitigation or correction. Presently on the monthly time frame, we have strongly protected highs with weak lows confirming our bearish market structure. After the bullish
NZDCHF FORECAST Across major pairs, the Swiss Franc (CHF) has been bullish creating new lows on monthly timeframes for all cross-CHF pairs. Presently, on the monthly timeframe, we have a bearish market structure. On the daily timeframe, we are looking at a possible shift in order flow from bearish to bullish; a corrective bullish move.
CADJPY I have been eyeing this pair for a while now. Top down analysis indicates we have a bearish imprint in the horizon. On the 6-month time frame, CADJPY is in consolidation. Dropping down to the 3-month timeframe, we are witnessing the completion of a bullish correction. Moving down to the monthly and daily time
GBPCHF On the one-month timeframe, GBPCHF displays a strong bearish trend, creating new lows. The long-term outlook on the monthly timeframe is largely bearish, though the pair was in a bullish mitigation or correction. Dropping down to the weekly timeframe, we see a break in structure that created the new low at 1.0 price handle.
GBPNZD On the 3-month timeframe, GBPNZD has mitigated the long-term demand zone (in blue). The long-term outlook on the monthly timeframe is largely bearish, though the pair was in a bullish mitigation or correction. After the bullish correction, the pair turned bearish, targeting the unmitigated demand at 1.80. Following the geopolitical risks in the United