Weekly Top-Down Technical Analyses | Page 119 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Major Pairs/Crosses - Trading Scenarios, Analyses & Forecasts 15 replies

Weekly/Monthly TOP Gainers Forexfactory Traders 4 replies

Long Term Analyses - EURUSD, GOLD, and S&P 76 replies

USD/CAD - Loonie Toons, & mostly pointless analyses 2 replies

Lazy analyses thread 56 replies

Attachments: Weekly Top-Down Technical Analyses
Exit Attachments

Weekly Top-Down Technical Analyses

  • #2,361
  • May 17, 2026 3:22pm May 17, 2026 3:22pm
EURUSD Weekly Technical Outlook

The EURUSD market operation on the weekly time frame printed a relatively modest-size bearish candlestick last week. The candlestick closed at the 1.16230 short-term horizontal support area. Technically, the market operation is still within the 1.17810/1.15750 horizontal channel (purple).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 44 KB


The EURUSD price action on the daily time frame is in a bearish mode within the 1.17810/1.15750 horizontal channel (purple). Presently, it is tackling the 1.16230 intra-day horizontal support. But we may still see further southward price action in the early part of this week before a significant bullish pullback.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 38 KB


Although the EURUSD price action on the H4 time frame is sideways at the 1.16230 intra-day horizontal support, we may still see further southward price action in the early part of this week before a significant bullish pullback. Technically, the price action is still within the 1.17810/1.15750 horizontal channel (purple).
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 34 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,362
  • May 17, 2026 3:27pm May 17, 2026 3:27pm
GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the weekly time frame printed a relatively modest-size bearish candlestick last week. The candlestick closed at the 1.33200 short-term horizontal support area. Technically, however, the market operation is still within the 1.35870/1.32020 horizontal channel (dark violet).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 45 KB


The GBPUSD price action on the daily time frame is in a bearish mode within the 1.35870/1.32020 horizontal channel (dark violet). Presently, it is tackling the 1.33200 intra-day horizontal support. But we may still see further southward price action in the early part of this week before a significant bullish pullback.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 43 KB


Although the GBPUSD price action on the H4 time frame is presently tackling the 1.33200 intra-day horizontal support, we may still see further southward price action in the early part of this week before a significant bullish pullback. Technically, the price action is still within the 1.35870/1.32020 horizontal channel (dark violet).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 33 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,363
  • May 24, 2026 1:52pm May 24, 2026 1:52pm
XAUUSD Weekly Technical Outlook

Last week, the XAUUSD market operation on the weekly time frame went sideways just below the 4547.07 horizontal support area after a bearish breakdown.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDWeekly.png Size: 41 KB



The XAUUSD price action on the daily time frame went sideways just below the 4547.07 horizontal support area after a bearish breakdown. Although we may still see some southward price engineering, the technical environment favours an imminent northward rotation.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 40 KB


The XAUUSD price action on the H4 time frame is sideways below the 4547.07 horizontal support. Although we may still see further southward price engineering to retest an intra-day value area, a northward turnaround is imminent.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 35 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,364
  • May 24, 2026 2:04pm May 24, 2026 2:04pm
USDJPY Weekly Technical Outlook

The USDJPY market operation on the weekly time frame issued a bullish candlestick last week. However, technically the market is still in consolidation. The bullish candlestick prints in the last two weeks are still insider bars to the bearish print of four weeks ago.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 43 KB


The USDJPY price action on the daily time frame is retesting the 159.180 intra-day horizontal resistance. Technically, the price action is within the 61.8/78.6 fib-retracement zone of the bearish swing traceable to April 30, 2026. And we may soon see a southward rotation.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 43 KB


The USDJPY price action on the H4 time frame is in consolidation. Presently, it is at the159.180 intra-day horizontal resistance and within the 61.8/78.6 fib-retracement zone of the bearish swing traceable to April 30, 2026. Technically, although we can still see further northward price engineering, a southward rotation is in the offing.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 40 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,365
  • May 24, 2026 2:16pm May 24, 2026 2:16pm
EURUSD Weekly Technical Outlook

Last week, the EURUSD market operation on the weekly time frame went sideways after a bearish retest of the 1.15750 horizontal support area. Technically, there is a pause in southward momentum of market operation.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 43 KB


The EURUSD price action on the daily time frame is sideways at the 1.16000 intra-day horizontal support. This is a few pips above the 1.15750 longer-term horizontal support area. Although we cannot rule out a brief southward price action in the early part of this week, the prevailing technical environment is sideways.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 38 KB


The EURUSD price action on the H4 time frame is sideways at the 1.16000 intra-day horizontal support. This is a few pips above the 1.15750 longer-term horizontal support area. We may still see brief southward price action, perhaps to retest an intra-day value area, before a northward pullback. The prevailing technical environment is sideways.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 35 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,366
  • May 24, 2026 3:35pm May 24, 2026 3:35pm
GBPUSD Weekly Technical Outlook

Although the GBPUSD market operation on the weekly time frame issued a bullish candlestick last week, the technical environment is sideways. The market operation printed a relatively big bearish candlestick two weeks ago. Presently, the market operation is tackling the 1.342022 horizontal resistance area. The area aligns with the 78.6 fib retracement of the bearish swing traceable to May 2021.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 45 KB


The GBPUSD price action on the daily time frame went sideways at the 1.342022 horizontal resistance after a bullish retest. The area aligns with the 78.6 fib retracement of the bearish swing traceable to May 2021. But as the prevailing technical impulse is bearish, we may still see southward price action in the early part of this week before further bullish challenge.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 43 KB


The GBPUSD price action on the H4 time frame is consolidating in a rising wedge (magenta) and presently a few pips above the 78.6 fib retracement of the bearish swing traceable to May 2021. As the short-term technical impulse favours bears more than bulls, we may see an intra-day bearish breakdown of the wedge before a northward correction.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 39 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,367
  • May 31, 2026 1:39pm May 31, 2026 1:39pm
XAUUSD Weekly Technical Outlook

The XAUUSD market operation on the monthly time frame went sideways at the 4547.07 horizontal support area in May after breaking it down. The technical structure still favours bears more than bulls, but the market operation is located at the 38.2 fib retracement of the bearish swing traceable to March 2026.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDMonthly.png Size: 37 KB


The XAUUSD market operation on the weekly time frame is sideways at the sideways at the 4547.07 area, the area aligns with the 38.2 fib retracement of the bearish swing traceable to March 2026. Recent technical prints favour bears more than bulls; the bigger technical picture is sideways.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDWeekly.png Size: 41 KB


The XAUUSD price on the daily time frame is sideways at the 4547.07 intra-day horizontal resistance, which aligns with the 38.2 fib retracement of the bearish swing traceable to March 2026. There was a feeble bullish attempt to break above the area on Friday. Recent technical prints favour further southward price engineering.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 39 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,368
  • May 31, 2026 1:44pm May 31, 2026 1:44pm
USDJPY Weekly Technical Outlook

The USDJPY market operation on the monthly time frame printed a bullish candlestick in May in a failed attempt to retest the 160.150 horizontal resistance area. However, the market is still in consolidation.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYMonthly.png Size: 34 KB


The USDJPY market operation on the weekly time frame went sideways last week after a retest of the 159.270 horizontal resistance area. The technical market environment is sideways. But we may still see further northward market operation.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 40 KB


The USDJPY price action on the daily time frame is sideways at the 159.270 intra-day horizontal resistance. Nevertheless, we may still see further northward price engineering to retest an intra-day value area before a southward rotation
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 36 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,369
  • May 31, 2026 1:52pm May 31, 2026 1:52pm
EURUSD Weekly Technical Outlook

The EURUSD market operation on the monthly time frame is sideways. In May, the market operation printed an indecision candlestick after a retest of the 1.17810 horizontal resistance area.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 45 KB


The EURUSD market operation on the weekly time frame went sideways last week. Presently, the market operation is tackling the 1.16840 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: EURUSDWeekly.png Size: 43 KB


The EURUSD price action on the daily time frame is sideways. The price action went sideways on Friday after a feeble bullish retest of the 1.16840 intra-day horizontal resistance. The area aligns with the 78.6 fib retracement of the bearish swing traceable to May 2021. Although we cannot rule out further northward price engineering, a southward turnaround is imminent.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 37 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,370
  • May 31, 2026 1:58pm May 31, 2026 1:58pm
GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the monthly time frame is sideways. Although the market operation printed a relatively small bearish candlestick in May to retest the 1.34450 horizontal support area, the technical environment is sideways. The market operation is presently located at the 78.6 fib retracement area of the bearish swing traceable to May 2021.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 44 KB


The GBPUSD market operation on the weekly time frame is sideways at the 1.34450 horizontal resistance area, which aligns with the 78.6 fib retracement area of the bearish swing traceable to May 2021. There was a feeble bullish retest of the area two weeks ago.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 46 KB


The GBPUSD price action on the daily time frame is sideways. Presently, the price action is tackling the 1.34450 horizontal resistance. The area aligns with the 78.6 fib retracement area of the bearish swing traceable to May 2021. Although we may still see further northward price engineering, the technical structure is bearish, and we may soon see a southward rotation.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 43 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,371
  • Jun 7, 3:16pm (9 hr ago) Jun 7, 3:16pm (9 hr ago)
XAUUSD Weekly Technical Outlook

The XAUUSD market operation on the weekly time frame went bearish last week after a breakdown of the 4547.07 horizontal support area. Presently, it is at the 4340.12 longer-term horizontal support area.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDWeekly.png Size: 41 KB


The XAUUSD price action on the daily time frame went bearish last Friday after a bearish breakdown of the 4547.07 horizontal support earlier in the week. Presently, it is tackling the 4340.12 longer-term horizontal support area. Recent technical prints favour further southward price engineering.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDDaily.png Size: 39 KB


The XAUUSD price action on the H4 time frame went sideways at the 4340.12 horizontal support. But technically, we may see further southward price engineering, which is favoured by recent technical prints.
Attached Image (click to enlarge)
Click to Enlarge Name: GOLDH4.png Size: 34 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,372
  • Jun 7, 3:24pm (9 hr ago) Jun 7, 3:24pm (9 hr ago)
USDJPY Weekly Technical Outlook

Last week, the USDJPY market operation on the weekly time frame issued a relatively small bullish candlestick to retest the 160.150 horizontal resistance area. The area is a long-term horizontal resistance. Nevertheless, we cannot rule out further northward market operation before a southward rotation.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 38 KB


On Friday, the USDJPY price action on the daily time frame issued a relatively moderate bullish candlestick that closed above the 160.150 horizontal resistance. Presently, it is located just a few pips above it, but we may still see further northward price engineering before a southward turnaround.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 35 KB


The USDJPY price action on the H4 time frame went sideways on Friday after breaking above the 160.150 horizontal resistance. Nevertheless, we may still see further northward price engineering, which may retest an area of value such as the 160.716 horizontal resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 31 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,373
  • Jun 7, 3:32pm (8 hr ago) Jun 7, 3:32pm (8 hr ago)
EURUSD Weekly Technical Outlook

The EURUSD market operation on the weekly time frame issued a bearish candlestick last week. However, the market condition is still sideways. The candlestick printed last week failed to close below the bearish print of nine weeks ago, and it failed to break down the 1.15210 horizontal support area, in which it is presently located.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDWeekly.png Size: 43 KB


On Friday, the EURUSD price action on the daily time frame broke down an intra-day area of consolidation to retest the 1.15210 intra-day horizontal support. Although we may still have further southward price engineering in the early part of this week, recent technical prints show a market in consolidation.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 38 KB


Towards the end of Friday session, the EURUSD price action on the H4 time frame went sideways at the 1.15210 intra-day horizontal support. Although we may still see further southward price action, there are still technical challenges to southward drive of price action ahead at the 1.14520 longer-term horizontal support.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 43 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #2,374
  • Last Post: Jun 7, 3:43pm (8 hr ago) Jun 7, 3:43pm (8 hr ago)
GBPUSD Weekly Technical Outlook

The GBPUSD market operation on the weekly time frame issued a bearish candlestick last week. However, the market condition is still sideways. The candlestick printed last week failed to close below the bearish print of three weeks ago, and it failed to break down the 1.33290 horizontal support area, in which it is presently located.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 42 KB


On Friday, the GBPUSD price action on the daily time frame broke down an intra-day area of consolidation to retest the 1.33290 intra-day horizontal support. Nevertheless, we cannot rule out further southward price engineering in the early part of this week. The next major bullish will likely be at the 1. 31700 horizontal support.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 39 KB


On Friday, the GBPUSD price action on the H4 time frame broke down an intra-day area of consolidation to retest the 1.33290 intra-day horizontal support. However, the momentum diminished as it got to the area. Nevertheless, we cannot rule out further southward price engineering in the early part of this week. The next major bullish will likely be at the 1. 31700 horizontal support.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 43 KB


I may be wrong. Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
3 traders viewing now