CAD/JPY 2 Day Analysis
Over March and April 2025, price has been trying to break the 101.50 to 102.00 zone which was support in August 2024.
The last 2 day candle in this area printed as a bullish Hammer candle which was followed by 2 more bullish candles.
We may possibly see price break out above the trendline and buyers taking control of the market.
This is an idea of what may happen. Always use a profitable trading strategy combined with good risk management.
Over March and April 2025, price has been trying to break the 101.50 to 102.00 zone which was support in August 2024.
The last 2 day candle in this area printed as a bullish Hammer candle which was followed by 2 more bullish candles.
We may possibly see price break out above the trendline and buyers taking control of the market.
This is an idea of what may happen. Always use a profitable trading strategy combined with good risk management.
XAU/USD was finding support last week at the $3270 mark for a second time on the four hour time frame.
The last four hour resistance was also seen last week at circa $3365.
Look for price to head back towards resistance.
This is an idea of what MAY happen.
Always use a profitable trading strategy combined with good risk management.
The last four hour resistance was also seen last week at circa $3365.
Look for price to head back towards resistance.
This is an idea of what MAY happen.
Always use a profitable trading strategy combined with good risk management.
EUR/CAD H4 - Price has been in a correction pattern recently after the start of a bearish impulse from 1.5959
Now price has broken out and began the next impulse lower.
Look for a sell setup to target the -27% Fib and then potentially the -61.8% Fib.
This is an idea of what may happen. Always trade with a profitable strategy and good risk management.
Now price has broken out and began the next impulse lower.
Look for a sell setup to target the -27% Fib and then potentially the -61.8% Fib.
This is an idea of what may happen. Always trade with a profitable strategy and good risk management.
CAD/CHF H8 - The overall market direction is bearish with sellers in control.
However, with a triple rejection of circa 0.58500, we have seen a bottom form and buyers now in play.
There is a potential for price to continue bullish towards the trendline.
This is an idea of what MAY happen. Always trade with a profitable strategy and good risk management.
However, with a triple rejection of circa 0.58500, we have seen a bottom form and buyers now in play.
There is a potential for price to continue bullish towards the trendline.
This is an idea of what MAY happen. Always trade with a profitable strategy and good risk management.
Join us on May 13th 01:00 UTC time for our exclusive webinar on
"Identifying Trade Levels"
Register: https://us06web.zoom.us/webinar/register/8017458935868/WN_UmdUodvuQx-uFWZuEWTv9g
You can also view Arno's week ahead video to get a taste of his insights: https://www.youtube.com/watch?v=9uvH90CCtvw
"Identifying Trade Levels"
Register: https://us06web.zoom.us/webinar/register/8017458935868/WN_UmdUodvuQx-uFWZuEWTv9g
You can also view Arno's week ahead video to get a taste of his insights: https://www.youtube.com/watch?v=9uvH90CCtvw
XAU/USD H2 Analysis.
Price is moving within a triangle with support having recently been tested and rejected.
We may now see buyers take price higher to test the top of the structure again.
At that point look for a rejection or breakout.
This is a IDEA of what may happen. You should always trade with a profitable strategy and good risk management.
Price is moving within a triangle with support having recently been tested and rejected.
We may now see buyers take price higher to test the top of the structure again.
At that point look for a rejection or breakout.
This is a IDEA of what may happen. You should always trade with a profitable strategy and good risk management.
NZD/USD Daily - Price has printed multiple rejections of the 0.6000 zone over April and May 2025 whilst at the same time finding support at 0.5900.
Finally the market has seen a close below 0.5900 after printing a bearish engulfing candle.
We may see a pullback and retest of 0.5900 and a further move lower. However if we close above 0.5900 then we have likely to have seen a false break.
This is an idea of what may happen. Always trade with a profitable strategy and good risk management.
Finally the market has seen a close below 0.5900 after printing a bearish engulfing candle.
We may see a pullback and retest of 0.5900 and a further move lower. However if we close above 0.5900 then we have likely to have seen a false break.
This is an idea of what may happen. Always trade with a profitable strategy and good risk management.
GBP/JPY Daily - Price has broken out of structure and is currently retesting previous resistance (the top of the structure).
Look for bullish changes in cycle on the smaller time frame if interested in longs.
A daily close back within structure would most likely indicate a false break.
Always trade with a profitable strategy and good risk management.
Look for bullish changes in cycle on the smaller time frame if interested in longs.
A daily close back within structure would most likely indicate a false break.
Always trade with a profitable strategy and good risk management.
USD/JPY H8
Since entering weekly support at 140.00 in April, we have seen a steady series of higher highs and lows (buyers in charge).
The MACD suggests that the bullish momentum is still strong with the peaks also making higher highs.
Price is approaching the current trendline and we may see buying resume again soon.
This is an idea of what may happen.
Always trade with a profitable strategy and good risk management.
Since entering weekly support at 140.00 in April, we have seen a steady series of higher highs and lows (buyers in charge).
The MACD suggests that the bullish momentum is still strong with the peaks also making higher highs.
Price is approaching the current trendline and we may see buying resume again soon.
This is an idea of what may happen.
Always trade with a profitable strategy and good risk management.
AUD/CHF Daily
Price is moving in a daily uptrend and has produced a bullish closed candle at the trendline.
This may be the start of another bullish impulse.
Look for buy setups that meet your trading rules if you agree.
This is an idea of what may happen.
Always trade with a profitable strategy and good risk management.
Price is moving in a daily uptrend and has produced a bullish closed candle at the trendline.
This may be the start of another bullish impulse.
Look for buy setups that meet your trading rules if you agree.
This is an idea of what may happen.
Always trade with a profitable strategy and good risk management.
EUR/AUD H4
Since price made a high of circa 1.8550 last month, there has been a steady decline for EUR/AUD.
The most recent price action has been corrective in nature, and on Friday we saw a break and close below the counter trendline with the penultimate H4 candle of the day forming the first close and the last H4 candle forming a lower low and lower close.
This may possibly indicate the next impulse of selling.
Since price made a high of circa 1.8550 last month, there has been a steady decline for EUR/AUD.
The most recent price action has been corrective in nature, and on Friday we saw a break and close below the counter trendline with the penultimate H4 candle of the day forming the first close and the last H4 candle forming a lower low and lower close.
This may possibly indicate the next impulse of selling.