Background

Market Analysis

Weekly Market Reviews and Updates

18 FebWeekly Trade Analysis (12th Feb – 16th Feb 2018)


XAU/USD – Clear break of daily swing points and uptrend confirmed

Last week, we were discussing about the potential trend reversal of XAU/USD as daily swing point 1 was broken and we will be looking for short entry upon a break of daily swing point 2. However, when price falls to the confluence zone of daily swing point 2 and support zone, price gets rejected and bounced up, resulting in a clear break of both daily swing points. This week, we will be looking for buy signal but we would advise to enter at the entry zone as illustrated below for a better risk reward. Besides, a TP near previous high will be safe as price is now near to weekly resistance of 1360 area.

AUD/USD – Daily swing point break at weekly support zone

AUD/USD has been doing pullback for several weeks after the preceding strong uptrend and now price has reached weekly support zone around 0.78248. A clear break of daily swing point 1 has indicated that the buyers are starting to enter the market and we will be entering market based on the highlighted entry zone, with SL right below the weekly support zone.

NZD/USD – Weekly resistance broken and price expected to seek for new high

In the previous weeks, NZD/USD has given a false sell signal of breaking both daily swing points and the price turned out to break weekly resistance as well as daily swing point 1. We will be looking for buy signal but preferable entry zone will be the confluence zone between weekly support (previous resistance) and our highlighted entry are as price is at daily swing high now.

EUR/JPY – Break of daily swing points followed by daily support zone

EUR/JPY has been accumulating its selling momentum since the break of daily swing point 1 and the selling trend is now more confirmed with the break of daily swing point 2 and daily support zone. However, it is too low to sell now and we shall wait for second signal after retracement as illustrated below.

GBP/JPY – To sell after retracement

Last week we were discussing about the break of both daily swing points and we were waiting for second selling chance after retracement. This week, we will still remain the same view as there is no much retracement movement from this pair last week and price is dangerous to sell now as it is closed to daily support zone.

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

12 FebWeekly Trade Analysis (12th Feb – 16th Feb 2018)


XAU/USD – Price reached daily swing 2 and support zone

Further to previous bearish dominant break, the yellow metal continued to drop and price is now at daily support zone and daily swing point 2. Although the selling momentum is strong, you are still advised to enter after getting more confirmation. We will now wait for a clear break of swing point 2 and short it after pullback and this will be a good trade to hold until TP2 area.

EUR/USD – Price reached daily swing point 2

The scenario of EUR/USD is pretty similar to XAU/USD. Although daily swing point 1 was broken, price is too low for a sell now as price is now near daily swing point 2. A clear break of daily swing point 2 will lead price back to previous support zone, else it would be an uptrend continuation as the preceding uptrend was strong.

GBP/USD – Break of daily swing 2, sell trend confirmed

Although the Sterling bounced higher on Thursday due to the Bank of England announcement, the price dropped afterwards as the selling momentum is still strong. Refer to our previous week analysis, we discussed that price is likely to drop when there is a clear break of daily swing 1. This week, we will still be continuing to look for sell but we would execute the trade after retracement for a better risk reward ratio.

GBP/JPY – Strong bearish engulfing on weekly chart

After few weeks of rallying up, GBP/JPY has finally showed some reversal signal. Last week, market closed with a strong bearish momentum down. Refer to the weekly chart, we can see that there was a strong bearish engulfing candle, breaking weekly swing point 1. Switching to daily chart, both swing points were broken and market has retraced and triggered our preset entry point. For those who missed the trade previously, you may enter after retracement in smaller  time frame.

Weekly chart

Daily chart

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

04 FebWeekly Trade Analysis (5th Feb – 9th Feb 2018)


XAU/USD – Daily dominant break

Last Friday was an interesting trading day during New York session especially for the dollars. The positive result announced has caused a significant impact to U.S dollars and the pairs against U.S dollars have dropped due to the news impact. Looking into gold, there was an early alert before the payroll day, i.e. daily bearish dominant setup. This meant that buyers have started to secure their profit and more sellers are coming into the market. Just right after the dominant break, price retraced, touched our entry area and fell. In this week, we will be looking for short signals and for those who missed the trade last week, we can wait for sell signals in smaller time frame and this will be a good potential pair to hold.

EUR/USD – Price rejection at weekly resistance

Despite the strong buying momentum of EUR, this pair still drop due to the strengthening of U.S dollar. However, looking at the overall picture, we can see that price has actually reached weekly resistance zone and they could be a high possibility of reversal. Last week, there was a false break of daily swing point 1 where market continue to rally upon breaking the swing point. The safe way to short in this week is to wait for clear break of new daily swing 1 and we can then look for sell signal in the highlighted zone as illustrated.

AUD/USD – Daily swing points and dominant break

Among all the USD pairs, AUD/USD has shown the best reversal setup as both dominant break and swing points break occurred in daily chart. In other words, the selling momentum has accumulated and began to grow. This week we will definitely look for sell signals and we would take the entry after market done its pullback in smaller time frame.

GBP/USD – Price hit TP3 and reversal expected

The Sterling has been in strong uptrend due to Brexit related news. Refer to the initial of GBP/USD bullish trend, we can see that price has actually reach TP3 and last week, a retest was done and price unable to create new high, which means that most likely a reversal is going to happen. However, we will only enter upon the break of daily swing 1, which is a confirmation of trend reversal.

USD/JPY – Daily swing point 1 break at weekly support zone

U.S dollar has been in strong bearish trend in the beginning of the year and continue to fall until weekly support zone around 109.11. However, due to the positive news impact, USD/JPY was skyrocketing and a swing point break was seen in daily time frame. This week, we will be looking for buy signals upon retracement to our preset entry price level and a safe stop would be placed below previous swing low.

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

29 JanWeekly Trade Analysis (29thJan – 2nd Feb 2018)


EUR/USD – Price setting up for a reversal before pushing higher

Last week we were looking for short term sell trend as strong bearish pin bar was shown in EUR/USD daily chart, the buying momentum was too strong that price continued to create higher high and reached weekly resistance at 1.25400 area. This week, we will still expect for a short term pullback as daily has shown 2 pin bar rejection near the resistance zone. However, the short term sell trend will be only confirmed upon the break of daily swing 1. For buyer, it is too high for a buy trade now and the safe way is to buy after pullback.

 NZD/USD – Price hit TP2 and short term reversal expected

Referring to previous break of daily swing points, the pending buy orders were triggered and TP2 was hit before price rejected down. This week, we are expecting another reversal as price is now at daily resistance zone. However, due to counter trend, only sell upon break of daily swing points and to not hold long.

EUR/JPY – Strong selling momentum

In the previous week, both daily swing points for EUR/JPY were broken, indicating a high possibility of trend reversal or the uptrend has came to an end. Looking into daily charts, we can see multiple rejection at our pending sell order area, which means that sellers has started to come in and this would be a good potential swing trade to hold.

GBP/JPY – Strong sell momentum and possible trend reversal

GBP/JPY has been in strong uptrend for the past few weeks due to Brexit issues and weakening of the Yen. However, there is possibility of trend reversal as price has now gone over-extended and there is a break of daily swing 1. A break of daily swing 2 will further confirm the reversal trend and we can start to look for sell signal after a clear break.

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

21 JanWeekly Trade Analysis (22thJan – 26th Jan 2018)


EUR/USD – Possible short term sell trend

Although EUR/USD has been in strong bullish trend especially when the resistance zone at 1.20577 was broken, we still see a possible short term sell trend for this pair as there are pinbar rejection at daily chart. Zooming into H4 chart,  we can see that H4 swing point 1 has broken and price has retraced and triggered our sell entry zone. The safe TP area will be our TP1 or area above daily support zone and once price reached the support zone, we shall start looking for buy signal.

EUR/USD – Daily Chart

EUR/USD – H4 chart

AUD/USD – Price reached daily resistance zone

Similar to EUR/USD, AUD/USd has reached daily resistance zone around 0.80288 and we expect a correction to be done before price continue moving up. However, we will still advise trader to execute their sell entry after market shows confirmation such as break of daily swing point 1 as this pair is still in strong bullish trend. If the resistance is broken, we shall look for buy entry and forgot about the bears.

NZD/USD – Possible bearish dominant setup at daily resistance zone

NZD/USD has reached a strong daily resistance zone and price has started to consolidate. There is a huge potential that price is likely to do a pullback and we can go for a short term sell once the bearish daily dominant setup is formed. A safe stop loss would be right above the strong resistance zone.

USD/JPY – Strong bullish engulfing at daily support zone

USD/JPY has been in strong bearish trend since last week due to the poor data announcement in U.S. and the buyers have finally get back to the market just right before the market closed. Looking into H4, we can see that H4 swing point 1 was broken at daily support zone, which created a confluence zone for buy entry. A safe stop loss would be right below daily support and we expect price to reach our targeted TP1 area.

USD/JPY – Daily chart

USD/JPY – H4 chart

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

16 JanWeekly Trade Analysis (15thJan – 19th Jan 2018)


EUR/USD – Strong buying momentum after pullback

Last week was an insane week for all the dollar pairs. EUR/USD has been in buying biased for weeks and in last week, this pair surged higher on Friday due to ECB meeting minutes and weakening of U.S. Dollar index. This week, market will be tricky as both pull or trend continuation are likely to happen. We advice traders to enter after market showing at least 2 confirmation signal and the best is to trade after retracement.

GBP/USD – Price exploded upon touching entry zone

Same as EUR/USD, the sterling has made a massive movement last week due to some news report related to Brexit. In past few weeks, we have alerted in the buying trend for GBP/USD upon breaking of both daily swing points and price shot up right after it touched our preset entry zone. For those who missed the trade, you can still enter after retracement and we are targeting price to continue rally up to the TP2 level.

AUD/USD – Price rejection at TP1 and daily resistance broken

Last week, we were discussing about the potential pullback as price was overextended and close to daily resistance zone. Due to the poor U.S. data released, daily resistance was broken and we expect price to reach our next target at TP2.

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

08 JanWeekly Trade Analysis (8thJan – 12th Jan 2018)


EUR/USD – Pullback expected at weekly resistance area

In the previous week we has discussed about the confirmation of uptrend of EUR/USD and we expected price to pullback before further projection. This week, we will still remain our view has price has now reach weekly resistance area and failed to close above. For a better risk and reward, we would suggest to seek for buy entry at our highlighted entry zone.

Weekly chart

Daily chart

AUD/USD – Pullback expected at daily resistance zone

AUD/USD has been in strong bullish trend upon break daily swing 1 and swing 2 few weeks ago and price has now reached its daily resistance zone. We do expect a pullback at this area before price continuing moving up to our target TP2.

NZD/USD – Price reached daily resistance zone and pullback is expected

Similar to AUD/USD, price has now reached daily resistance zone, which is also our targeted TP1 level for the previous buy entry. In the confluence zone, we will expect price to do a pullback downwards unless a clear break of daily resistance zone is seen before executing our second buy entry.

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

01 JanWeekly Trade Analysis (2nd Jan – 6th Jan 2018)


EUR/USD – Pullback expected before price continues moving up

In previous weeks, we have discussed about the potential buy trend of EUR/USD as price has shown multiple rejection at daily support zone. The uptrend has further confirmed when both daily swing points are broken and price is now currently at daily resistance area. Traders are advised to entry after pullback or a clear break of daily resistance.

GBP/USD – Uptrend confirmed

Similar to EUR/USD, the Sterling has shown its uptrend momentum in the past few weeks by having rejection near daily support zone and price has now broken daily swing 1 and 2. We would expect price to make a pullback and buy entry can be executed once there is confirmation signal in lower time frame.

GBP/JPY – Weekly bullish dominant break

In overall, GBP/JPY is still in bullish trend as price is continuing to create higher high and higher low. A bullish dominant break has occurred in weekly chart and price has moved up upon touching our entry zone. Again, we will continue to look for more buy entries in lower time frame.

EUR/JPY – Weekly bullish dominant break

Similar to GBP/JPY, EUR/JPY has shown a bullish dominant break in weekly chart after a long side way in daily. For a better risk and reward, we would wait for a pullback before entering the market and this would be a potential swing trade to hold.

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

18 DecWeekly Trade Analysis (18th Dec – 22th Dec 2017)


EUR/USD – Price retrace to entry zone at daily support

Last week we have discussed about the potential buy entry for EUR/USD and we will be looking for entry confirmation in H4. This week, price has done its pullback to daily entry zone and we will be executing our buy entry with a safe stop loss right below the highlighted support zone.

AUD/USD – False support break and price reversed

Last week, we made an assumption of market is going downwards as price has retested daily support and broke through it. In fact, market has done a complete trap near the support zone and price continuously went up and broke daily swing point 1. We will be looking for buy entry again in this situation.

NZD/USD – Inverted head and shoulder and daily swing point broken

After a period of downtrend and consolidation, NZD/USD has finally showed trend reversal pattern by forming an inverted head and shoulder and breaking daily swing point 1. For a better risk and reward ratio, we would be targeting our entry after market done its pullback as illustrated below.

USD/JPY – Daily sell trend continues

Despite price broke through both daily swing points last week, we have advised buyers to secure their profit at TP1 area with is around daily resistance zone. We can see that sellers have started to take control of the market from the price rejection below daily resistance zone, and another sell trend will be confirmed when daily swing 1 is broken.

GBP/JPY – Weekly dominant break and retraced

2 weeks ago we noticed a bullish dominant setup in GBP/JPY dominant setup weekly chart and now, price has retraced to our targeted entry area. This would be a potential pair to hold and we will be buying after getting double confirmation from daily/ H4 chart.

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More

10 DecWeekly Trade Analysis (11th Dec – 15th Dec 2017)


EUR/USD – Bullish dominant break at daily support zone

In the previous week we discussed about the breaking of both daily swing points on EUR/USD and we will be focusing on buy signal. Now, market has retraced back to daily support zone and there is an entry confirmation on H4 time frame, i.e. bullish dominant setup. As illustrated below, this will be another potential swing trade to hold as the risk reward ratio is great.

EUR/USD – Daily chart

EUR/USD – H4

AUD/USD – Daily swing point failed to break and daily support broken

Last week, we discussed about potential buy signal as price retested daily support and get rejected. However, this statement is no longer valid when price again retested the support and break down successfully. Looking at the overall picture starting from the downtrend origin, we can see price rejection at targeted TP2 area and now, we are targeting market to reach TP3 area.

USD/JPY – The bear gets stronger

Last week was a important week for the dollar the it has gained back its strength after U.S showed positive data on the news released. Looking at the technical side, a trend reversal pattern has been formed. Price refused to drop further and turned up to break daily swing points. Traders are advised to secure their profit at our TP1 or daily resistance area around 114. Also, this week there will be an important event for the dollars, i.e. Fed interest rate decision on Wednesday, where it is widely expected to raise interest rates at this week’s monetary policy meeting and is seen tightening two to three times next year. The dollars pairs will be extremely volatile during the announcement and new traders are advised to stay away from market in order to avoid unnecessary losses.

Want More Swing Trade Setups Analysis? In the trader community we discuss potential Swing Trade setups and provide detailed chart analysis on Currency Pairs and Commodities. Interested to learn how we trade ? Click here

To know more about Dominant Setups, click here

Follow us on Facebook and Instagram

Interested to trade with us ? Join our trader community here

Read More
Copy Protected by Chetan's WP-Copyprotect.