GBPUSD price action on the daily time frame is bearish. Presently, price action is tackling the1.30810 horizontal support. The technical impulse favours bears. I may be wrong. Trade safe and prosper. KP image

GBPUSD Weekly Technical Outlook In September 2024, the GBPUSD market operation on the monthly time frame made a bullish retest of the 78.6 Fib retracement of the bearish swing traceable to May 2021. The wick on top of the bullish candlestick printed ...

EURUSD price action on the daily time frame is in a bearish mode. Technically, we may see the making of an ‘M’ pattern, which may be completed at the 1.08970 level. This may extend to the 1.07920 level (Sandybrown) before a bullish retracement. The ...

EURUSD Weekly Technical Outlook In September 2024, the EURUSD market operation on the monthly time frame made a bullish retest of the 61.8 Fib retracement of the bearish swing traceable to May 2021. The miniature bullish print in September dipped ...

USDJPY price action on the daily time frame is bullish. Although this is a corrective mode, we cannot rule out further northward move. Such a move may target an intra-day area of value such as the 150.810/152.520 zone (magenta). I may be wrong. ...

USDJPY Weekly Technical Outlook The USDJPY market operation on the monthly time frame broke down the rising channel (purple) within which it was confined for several months to retest the 140.550/136.060 horizontal support zone (green) in September. ...

XAUUSD price action on the daily time frame is consolidating at the 2647.60/2685.43 horizontal resistance zone (red). This zone is a multi-year horizontal resistance zone. Technically, we should expect a bearish drive from the zone I may be wrong. ...

I don't trade or track silver. KP

XAUUSD Weekly Technical Outlook The XAUUSD market operation on the monthly time frame is bullish. In September, the market operation broke above the 2443.5186/2526.0784 zone (blue), which had served as horizontal resistance for four months, flipping ...

GBPUSD price action on the daily time frame is ranging just below the 78.6 fib retracement area of the bearish swing traceable to May 2021. Also, recent price action has produced a rising but narrowing wedge (red), which, technically indicates a ...

GBPUSD Weekly Technical Outlook GBPUSD market operation on the weekly time frame is in a bullish mode but there is a decline in bullish momentum. Recent price action has produced a rising wedge (red) but it is narrowing. image GBPUSD price action ...

EURUSD price action on the daily time frame is sideways at the 1.11690 intra-day horizontal resistance area. The area has held as horizontal resistance since August 25, 2024. We cannot rule out a bearish pullback from the area in the early part of ...

EURUSD Weekly Technical Outlook EURUSD market operation on the weekly time frame is sideways within a rising channel (red). Last week, market operation printed an indecision candlestick within the channel as opposed to the bullish print of two weeks ...

USDJPY price action on the daily time frame is within a falling wedge (red). Presently, price action is sideways in the middle of the wedge and tackling the 142.470 intraday horizontal support. Recent technical prints favour a bearish market ...

USDJPY Weekly Technical Outlook After the USDJPY market operation on the weekly time frame broke down a long-term rising channel (purple), it is now within a falling wedge (red). Last week, the bearish print had a long wick, which technically ...

XAUUSD price action on the daily time frame went sideways after a bullish drive to the upper trendline of a rising channel (red). Last week Friday, price action printed a bearish candlestick which closed below the opening of the bullish candlestick ...

XAUUSD Weekly Technical Outlook XAUUSD market operation on the weekly time frame is in a rising channel (red). Although the market operation is bullish, the bullish momentum is declining. Last week, market operation printed a bullish candlestick ...

GBPUSD price action on the daily time frame is in a bullish mode. It is operating in a rising wedge (red) and presently it is at the upper area of the wedge. Besides, on Friday, price action broke above the 1.32750 intra-day horizontal resistance. ...

GBPUSD Weekly Technical Outlook GBPUSD market operation on the weekly time frame is bullish. Last week, market operation broke above an area of consolidation that has held for three weeks. Technically, we may still see further northward move in the ...

EURUSD price action on the daily time frame put on a bullish mode on Monday last week but went sideways between Tuesday and Wednesday. On Thursday it regained a bullish mode to retest the 1.11690 intra-day horizontal resistance. However, there was ...