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Weekly Top-Down Technical Analyses

  • #2,121
  • Mar 30, 2025 4:23pm Mar 30, 2025 4:23pm
GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the weekly time frame remains sideways at the 1.29675 horizontal resistance area. Last week, the market operation printed an indecision candlestick in the area, the third in three consecutive weeks.

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The GBPUSD price action on the daily time frame is sideways at the 1.29675 horizontal resistance area. The preceding technical impulse is bullish, and we may still see further northward market engineering to an intra-day area of value. Nevertheless, the dominant technical structure is bearish.

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The GBPUSD price action on the H4 time frame is sideways. There was a bullish retest of the 1.29675 horizontal resistance on Thursday before the price action went sideways in the area. Recent technical prints favour northward liquidity engineering before a southward turnaround.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,122
  • Apr 6, 2025 2:19pm Apr 6, 2025 2:19pm
XAUUSD Weekly Technical Outlook

In March, the XAUUSD market operation on the monthly time frame printed a very big bullish candlestick. This continued a pattern of printing multi-year highs by the XAUUSD market operation.

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Although the XAUUSD market operation on the weekly time frame printed a bearish candlestick last week, the market is presently sideways as there was no bearish breakdown of the bullish candlestick printed two weeks ago. Nevertheless, recent technical prints favour bulls more than bears.

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The XAUUSD price action the daily time frame printed a bearish candlestick on Friday. The candlestick broke below the intra-day area of consolidation that has been in place since Monday. The bearish candlestick printed on Friday retested the 3004.71/3034.18 demand zone before snapping back. Technically, we can expect a northward turnaround of price action.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,123
  • Apr 6, 2025 2:26pm Apr 6, 2025 2:26pm
USDJPY Weekly Technical Outlook

In March, the USDJPY market operation on the monthly time frame printed a long-tailed doji-like candlestick. This left the 149.220 area intact as support for four consecutive months.

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Last week, the USDJPY market operation on the weekly time frame printed a relatively moderate-size bearish candlestick. The candlestick broke below the low of the relatively small bullish candlestick printed four weeks ago. The recent technical prints and technical impulse favour further southward market engineering.

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On Thursday, the USDJPY price action on the daily time frame broke down the 146.890 intra-day horizontal support. But there was a bullish retest of the area on Friday. The technical impulse and recent technical prints favour southward market engineering.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,124
  • Apr 6, 2025 2:38pm Apr 6, 2025 2:38pm
EURUSD Weekly Technical Outlook

In March, the EURUSD market operation on the monthly time frame printed a bullish candlestick to retest the 1.09570 horizontal resistance area. The area aligns with the 50-fib retracement of the bearish swing traceable to May 2021.

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The EURUSD market operation on the weekly time frame is bullish. Last week, the market operation printed a bullish candlestick that closed above a mini area of consolidation that was in place during the previous three weeks. We can expect further bullish market operation.

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The EURUSD price action on the daily time frame is in bullish mode. On Thursday, price action printed a relatively big bullish candlestick that broke the 1.09570 horizontal resistance after some days of consolidation at about 100 pips below it. Although there was a bearish retest of the area on Friday, the technical impulse favours northward market engineering.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 14 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,125
  • Apr 6, 2025 3:03pm Apr 6, 2025 3:03pm
GBPUSD Weekly Technical Outlook

In March, the GBPUSD market operation on the monthly time frame printed a bullish candlestick to retest the 1.30180 horizontal resistance area. The area is proximal to the 61.8-fib retracement of the bearish swing traceable to May 2021.

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The GBPUSD market operation on the weekly time frame is consolidating just below the 1.30180 horizontal resistance area. The area is proximal to the 61.8-fib retracement of the bearish swing traceable to May 2021. The preceding technical impulse favours bulls.

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The GBPUSD market operation on the daily time frame is consolidating around the 1.30180 horizontal resistance area. As the preceding technical impulse favours bulls, we may see further northward market engineering.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,126
  • Apr 13, 2025 2:08pm Apr 13, 2025 2:08pm
XAUUSD Weekly Technical Outlook

The XAUUSD market operation on the weekly time frame is bullish. Last week, the market operation printed a relatively big bullish candlestick that significantly broke above the area of consolidation that was in place for the previous two weeks.

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The XAUUSD price action on the daily time frame is bullish. As the recent price action has been parabolic, we can expect a bearish correction. But it is advisable to await what price action does upon Monday close.

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The XAUUSD price action on the H4 time frame is presently sideways at the 3236.61 intra-day horizonal resistance. But the preceding technical impulse was bullish. Nevertheless, we may see a bearish correction to an intra-day value area, such as the 3152 area, which contains a market imbalance and is aligned with the 38.2 fib-retracement area of the most recent bullish swing.

Attached Image (click to enlarge)
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I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,127
  • Apr 13, 2025 2:19pm Apr 13, 2025 2:19pm
USDJPY Weekly Technical Outlook

The USDJPY market operation on the weekly time frame is bearish. However, although the bearish candlestick printed last week broke below the 143.450 horizontal support area, it did not close below it. Besides, the candlestick did not significantly break down the rising channel (purple) within which market operation has been consolidating for several weeks.

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On Friday, the USDJPY price action on the daily time frame broke down an intraday area of consolidation which had been in place for several days. However, the bearish move lacked momentum and could not close below the nearby 143.450 horizontal support area. But there was a liquidity sweep to the 142.00 value area before a northward retracement. As a medium-term swing trader, I’m not looking to trade the USDJPY. But I advise those interested to await what the USDJPY price action does at the 143.450 area by the close of business on Monday.

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The USDJPY price action on the H4 time frame is sideways after a bullish pushback of a bearish breakdown of the 143.450 horizontal support area. Presently, price action is retesting the area, but we may still see further northward correction.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,128
  • Apr 13, 2025 2:41pm Apr 13, 2025 2:41pm
EURUSD Weekly Technical Outlook

Last week, the EURUSD market operation on the weekly time frame printed a relatively big bullish candlestick. The candlestick retested the 1.14700 horizontal resistance area before snapping back. The area is about 230 pips above the 61.8 fib-retracement of the bearish swing traceable to May 2021. Technically, we may see a bearish correction in the early part of this week.

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The EURUSD price action on the daily time frame is bullish. On Thursday and Friday, the price action printed relatively big bullish candlesticks. This was opposed to the doji-like candlesticks printed on Monday through Wednesday. The bullish candlestick printed on Friday retested the 1.14700 horizontal resistance area before snapping back. The long wick on top of the bullish candlestick printed on Friday indicates that bears are resisting further northward drive.

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The EURUSD price action on the H4 time frame retested the 1.14700 horizontal resistance but met some bearish pushback. This resulted in a sideways of price action at the 1.13550 area. We cannot rule out further southward move in the early part of this week.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 12 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,129
  • Apr 13, 2025 2:59pm Apr 13, 2025 2:59pm
GBPUSD Weekly Technical Outlook

Last week, the GBPUSD market operation on the weekly time printed a relatively big bullish candlestick that retested the 1.30800 horizontal resistance area. But the market operation is technically sideways on the weekly time frame. Presently, market operation is located about 300 pips above the 61.8 fib-retracement of the bearish swing traceable to May 2021. It is also located around the 78.6 fib-retracement of the most recent bearish swing. Technically, we may see a bearish correction in the area.

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The GBPUSD price action on the daily time printed a bullish continuation candlestick on Friday to retest the 1.30800 horizontal resistance. Recent candlestick prints in the area indicate that bears are resisting further northward drive. Thus, we may see a bearish correction in the early part of this week.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 13 KB


The GBPUSD price action on the H4 time frame turned sideways on Friday after a bullish drive to retest the 1.30800 horizontal resistance area. The technical prints in the past few days favour a southward market engineering.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 12 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,130
  • Apr 20, 2025 2:29pm Apr 20, 2025 2:29pm
XAUUSD Weekly Technical Outlok

The XAUUSD market operation on the weekly time frame is bullish. Last week, the market operation printed a bullish continuation candlestick that produced a multi-year high before retracing.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDWeekly.png Size: 13 KB


The XAUUSD price action on the daily time frame is in bullish mode. On Friday, the price action printed a bullish pinbar after a relatively big bullish print on Thursday. We can expect further northward move before a bearish pullback.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 13 KB


Although the XAUUSD price action on the H4 time frame is sideways at the 3325.67 intra-day horizontal resistance, the technical impulse favours bulls. Thus, we may see further northward drive before a bearish pullback.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 12 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,131
  • Apr 20, 2025 2:39pm Apr 20, 2025 2:39pm
USDJPY Weekly Technical Outlook

The USDJPY market operation on the weekly time frame is bearish. Last week, the market operation printed a bearish continuation candlestick that broke down the rising channel within which the market operation has been consolidating for several weeks. We may still see further southward drive before a bullish pullback.

Attached Image (click to enlarge)
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The USDJPY price action on the daily time frame is sideways at the 142.100 horizontal support area. Nevertheless, the technical pattern favours southward market engineering.

Attached Image (click to enlarge)
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Although the USDJPY price action on the H4 time frame is sideways at the 142.100 horizontal support area, the preceding technical impulse is bearish. Thus, we may still see further southward drive to an intra-day area of value.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 12 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,132
  • Apr 20, 2025 2:58pm Apr 20, 2025 2:58pm
EURUSD Weekly Technical Outlook

The EURUSD market operation on the weekly time frame printed a bullish candlestick last week. However, the candlestick is relatively smaller than the bullish candlestick printed two weeks ago and failed to retest its high. This indicates a decline in bullish potency.

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The EURUSD price action on the daily time frame went sideways at the 1.13908 intra-day horizontal resistance after a bullish drive above it. Nevertheless, we may still see further northward move before a southward rotation.

Attached Image (click to enlarge)
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Although, presently, the EURUSD price action on the H4 time frame is sideways at the 1.13908 intra-day horizontal resistance, we may still see further northward move before a southward rotation.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 12 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,133
  • Apr 20, 2025 3:30pm Apr 20, 2025 3:30pm
GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the weekly time frame is bullish. Last week, the market operation printed a bullish continuation candlestick that breached the high of the bearish pinbar printed three weeks ago. Technically, further northward move may target the 1.34300 horizontal resistance area, which aligns with the 78.6 fib-retracement of the bearish swing traceable to May 2021.

Attached Image (click to enlarge)
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The GBPUSD price action on the daily time frame is bullish. Although there is a decline in bullish momentum, we may still see further northward move of price action which could target the 1.34300 horizontal resistance area; an area that aligns with the 78.6 fib-retracement of the bearish swing traceable to May 2021.

Attached Image (click to enlarge)
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Although there is a decline in bullish momentum of the GBPUSD price action on the H4 time frame, based on the technical structure of the weekly time frame we may still see further northward move of price action. This could target the 1.34300 horizontal resistance area, which aligns with the 78.6 fib-retracement of the bearish swing traceable to May 2021.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 13 KB



I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,134
  • Apr 27, 2025 2:14pm Apr 27, 2025 2:14pm
XAUUSD Weekly Technical Outlook

The XAUUSD market operation on the weekly time frame is experiencing a bearish challenge to the rapid bullish drive that produced a multi-year high recently. Last week, the market operation printed a relatively big bearish pinbar. Technically, this portends a southward rotation of market operation.

Attached Image (click to enlarge)
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The XAUUSD price action on the daily time frame turned sideways after a bearish pushback to the bullish charge at the 3500.00 multi-year high. We may see a southward drive before a significant bullish pushback.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 12 KB


Although the XAUUSD price action on the H4 time frame is retesting the 3318.14 intra-day horizontal resistance, we may see further southward drive this week.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 12 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,135
  • Apr 27, 2025 2:22pm Apr 27, 2025 2:22pm
USDJPY Weekly Technical Outlook

Last week, the USDJPY market operation on the weekly time frame printed a bullish candlestick to retest the 143.640 broken down horizontal support. But technically the market operation is consolidating.

Attached Image (click to enlarge)
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The USDJPY price action on the daily time frame is retesting the broken down 143.640 broken down horizontal support. There was sideways of price action below the area on Wednesday and Thursday. But, on Friday, the price action made a bullish push to retest the area. However, the bullish momentum is weak. Nevertheless, we may still see further northward movement in the early part of this week.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 13 KB



The USDJPY price action on the H4 time frame turned sideways on Friday after a bullish pullback to retest the 143.640 broken down horizontal support. Technically, we cannot rule out further northward market engineering, perhaps to retest an intra-day area of value such as the market imbalance within the 145.150/146.000 zone (blue).

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 12 KB



I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,136
  • Apr 27, 2025 2:31pm Apr 27, 2025 2:31pm
EURUSD Weekly Technical Outlook

Last week, the EURUSD market operation on the weekly time frame printed a bearish candlestick after retesting the 1.15750 horizontal resistance area. The area was last visited in November 2021. Technically, apart from a bullish retest of an intra-day area of value, this portends a southward drive of market operation.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 15 KB


The EURUSD price action on the daily time frame turned sideways after a bearish drive to the 1.13600 horizontal support. We may still see further southward drive of price action.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 13 KB


The EURUSD price action on the H4 time frame turned sideways after a bearish pullback of a bullish charge to the 1.15750 horizontal resistance area, an area that was last visited in November 2021. Recent technical patterns favour a southward market engineering.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 12 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,137
  • Apr 27, 2025 2:40pm Apr 27, 2025 2:40pm
GBPUSD Weekly Technical Outlook

Last week, the GBPUSD market operation on the weekly time frame made a bullish drive to retest the 78.6 fib-retracement of the bearish swing traceable to May 2021. The area aligns with the 1.34300 horizontal resistance. Thereupon, the candlestick print turned out to be a bearish pinbar.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 14 KB


The GBPUSD price action on the daily time frame turned sideways after a bearish pullback from the 1.34300 horizontal resistance. Presently, the price action is consolidating at the 1.33074 intra-day horizontal resistance. Technically, there is a decline in bullish momentum, and we may see further southward drive this week.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 13 KB


The GBPUSD price action on the H4 time frame is in consolidation. There is a decline in bullish momentum, and we may see increased bearish pressure for southward liquidity sweep.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,138
  • May 4, 2025 2:07pm May 4, 2025 2:07pm
XAUUSD Weekly Technical Outlook

In April, the XAUUSD market operation on the monthly time frame printed a bullish continuation candlestick. However, after producing a multi-year high of 3499.94 the candlestick retraced, leaving a prominent upper shadow.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDMonthly.png Size: 12 KB


The XAUUSD market operation on the weekly time frame has issued an evening star pattern. Technically, this portends a bearish rotation. But we may still see a northward market engineering before a southward turnaround.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDWeekly.png Size: 13 KB


The XAUUSD price action on the daily time frame turned sideways on Friday at the 3240.08 horizonal support after a bearish drive below it. Although the bigger picture favours bears, we may still see a bullish pullback before further southward drive.

Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,139
  • May 4, 2025 2:14pm May 4, 2025 2:14pm
USDJPY Weekly Technical Outlook

In April, the USDJPY market operation on the monthly time frame printed a bearish continuation candlestick that broke down the rising channel (purple) within which it has been consolidating for several months.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 13 KB


Last week, the USDJPY market operation on the weekly time frame made a bullish pullback into the broken-down rising channel (purple) within which it had been consolidating. The bullish candlestick printed last week also retested the 145.150/146.00 horizontal resistance zone (blue).

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 15 KB


The USDJPY price action on the daily time frame turned sideways on Friday after a bullish retest of the 145.150/146.00 horizontal resistance zone (blue). The preceding technical impulse and recent candlestick patterns favour a northward liquidity sweep to an intra-day area of value.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,140
  • May 4, 2025 2:22pm May 4, 2025 2:22pm
EURUSD Weekly Technical Outlook

Last month, the EURUSD market operation on the monthly time frame maintained a bullish mode. In April, the market operation printed a relatively big bullish candlestick. The candlestick left an upper shadow in the 61.8/78.6 fib zone of the bearish swing traceable to May 2021.

Attached Image (click to enlarge)
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Last week, the EURUSD market operation on the weekly time frame was bearish. The bearish candlestick printed last week retested the 1.12957 horizontal support area.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 15 KB


The EURUSD price action on the daily time frame went sideways on Friday as it retested the 1.12957 horizontal support area. Nevertheless, we cannot rule out a bullish pullback before further southward drive.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 13 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
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