Forex League

2023-05-15 21:40:20 AUDUSD 1D

AU still inside the range but playing out as expected.
Price rejected the top of the range and is moving down to the bottom of the range.
We'll continue to hold, seeing how this one plays out. Открыть/Комментировать

2023-05-15 21:33:47 GBPJPY 1D

GJ bounced a second time and is now pushing to the upside. Are we heading for a new high?
We can't say for sure. But since price is has bounced off this key level, we'll continue to hold.
We have 540 pips in sight. We'll see what happens with this one. Открыть/Комментировать

2023-05-15 11:41:02 USDJPY 1D

Here's the update on UJ.
Price came down to the key level, formed a double bottom and is now moving to the upside.
If you notice, it took some time for all these things to happen, so patience is required. The next zone will be around 320 pips. Now we'll sit and see if price will get there. Открыть/Комментировать

2023-05-15 11:32:35 EURUSD 1D

EU looks like its starting to line up. We've stayed patient, waiting for this move for more than 4 weeks.
Since price created the triple top, alongside the break of this steep trendline, it is more than likely that a reversal is in play.
We still have price trading around this support level. We'll wait yet again for price to break below this level to look for sells. Открыть/Комментировать

2023-05-12 11:58:54 GBPJPY 1D

Price came back to the key level for another bounce.
If price stays above this level with this bounce, it will form a double bottom, which aids the movement to the upside.
Using the fib retracement tool, price is also lined up between the 50-61.8% retracement. If price continues to the upside, a higher high is expected. Открыть/Комментировать

2023-05-12 11:55:01 CADCHF 8H

Here's the update on CADCHF.
Price reacted to this key level and is taking a fall. If price continues this way, we'll most likely see a new low in this trend.
We'll continue to watch price action carefully and manage our individual positions accordingly. Let price do its thing. Открыть/Комментировать

2023-05-11 12:46:31 XAUUSD 4H

We're still not interested in the price action that price is printing.
We want to see bullish continuations, or a bearish reversal, and so far price is still moving sideways.
We'll wait for the break of 2050. If price breaks above clearly, we'll look out for buying opportunities. Открыть/Комментировать

2023-05-11 12:42:44 NZDCHF 8H

Price is now breaking above that daily resistance level.
This break could signify a reversal and we'll now be watching out for bullish price action.
To start with, we might see a retest of this zone and the a bounce to continue the move to the upside. Открыть/Комментировать

2023-05-10 21:43:56 GBPNZD 4H

We can see the complete turn-around on GN.
The uptrend that lasted for more than two months is now switching sides.
Since we're looking for sells, we'll wait for the break below this support level and then take sells on the retest. Открыть/Комментировать

2023-05-10 12:17:39 NZDCHF 1D

We can see the clean downtrend until price touched the monthly support level.
It is too early to say that price will reverse after hitting the monthly support. We can still continue this downtrend.
Since price is testing this level as resistance, we'll watch out for short-term downsides, remembering that the monthly support level is around the corner. Открыть/Комментировать