Weekly Top-Down Technical Analyses - Page 2
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Thread: Weekly Top-Down Technical Analyses

  1. #11
    GBPUSD Outlook

    Over the weekly time period, the pair has kept a bearish tone because March 2008 without breaking the market structure even though this was tested using a retracement between 2013 and 2014 but resumed at the 50.0 Fib in July 2014. Since that time, the market on this pair has claimed its own displacement southwards.



    At the daily time period, the southward mode supervenes. Two weeks before, price retested the mini daily trendline based pre-Brexit but has since retracted southwards. It's now respecting a mini trendline on the 4H time frame.



    At the 4H time period, price is respecting a mini trendline bearing southwards but recent price action saw the bulls getting influential for an upward drive. As this place is near a weekly service zone, there's chances for a corrective move upwards, perhaps to retest the mini trendine and might aim the resistance zone above it, which is proximal to the monthly pivot. Otherwise, price may breach southwards a micro trendline the current retracement manner, to target the weekly service zone around 1.28753, which was tested on August 16.



    I might be incorrect. Trade safe and well.

    KP

  2. #12
    NZDUSD Outlook

    The kiwi wasn't a part of the pairs which qualified for additional analysis after my weekly scan on Sunday. However, just yesterday I saw a chance to go north to the pair and that I took it. Only this morning as I was preparing for the very first market inspection for the afternoon, I saw that the kiwi is really working in an Icelandic station in a major downtrend and is in the 50.0 Fib. It didn't occur to me sooner and it's very good to share it . Watch the weekly chart attached. See that the pair hasn't confirmed an outer up trendline over the weekly timeframe and so can't be said to be on a reversal to the north.



    At the 4H time frame you'll observe that the pair is currently on a southbound mood within an inner station.



    I might be wrong. Trade safe also.

    KP

  3. #13
    Quote Originally Posted by ;
    NZDUSD Outlook The kiwi wasn't part of the pairs which qualified for additional analysis after my weekly scanning on Sunday. But just yesterday I found an chance to go north to the pair and that I took it. Just this morning while I was preparing for my first market review for the day, I found the kiwi is really working in an Icelandic station in a major downtrend and is at the 50.0 Fib. It didn't occur to me sooner and it's good to share it . See the weekly chart attached. See that the pair has not confirmed an outer upward trendline on...
    If the pair respects the lower trendline on the internal station on the 4H period frame, a northward trade from there is likely to profitably target the immediate resistance zone roughly 100 pips into the north. A larger target might be further to the north at the upper trendline of the station.

    I might be incorrect. Trade safe and well.

    KP

  4. #14
    EURGBP Outlook

    Over the time frame, the pair was on an uptrend since November 2015. At present the price action is testing the 61.8 Fib of an original downward trend began in December 2008. That trend retraced to the 61.8 Fib at July 2011 and got reinstated thereafter until November 2015. Is there a second 61.5 Fib retracement or a violation to the upside? When there's violation to the upside down, it's likely to retest the 74.6 Fib degree over before the market structure is brokenup. It must be noted that the ascending tendency for the upward push has not yet been confirmed and the possibility to get a southward move cannot be ruled out. Furthermore, how the price action is proximal to a weekly S/R zone is intriguing and requires a more careful watch of price response in the area.



    On the daily time frame, price is respecting an inner trendline, somewhat forming an ascending channel. And recent candlesticks indicated that the bulls have been in control. A possible target of such bull drive may be in the area of 0.87156, which is distal of the weekly resistance zone. Struggling in this may see price retest the lower trendline or the monthly pivot beneath it.


    The technicals on the 4H timeframe support a further northward move. However, a centre trendline (in magenta color ) is functioning as a resistance to get a ranging price action that commenced a week Wednesday.



    I may be wrong. Trade safe also.


    KP

  5. #15
    GBPAUD Outlook

    Over the time frame, the market is respecting a downtrend from the 61.8% Fib retracement of a major downtrend began in September 2008. Since July 2016, price has ranged between two significant weekly S/R zones. Price action in the previous three weeks is disposing the market further southwards, possibly for a trip to the distal part of their instant weekly service around 1.68182. Any rest of that level may see price goal another support region around 1.66404, that was last seen in October 2013.



    At the daily time frame, price is respecting daily trendline to the disadvantage. Anyway, a horizontal channel formed post-Brexit has admired the market structure and portends a further southward move. Nevertheless, price may make a quick movement upwards to test that the trendline before further drive.



    At the 4H time frame, price has completed one price wave to the disadvantage after the up movement over the established range on the daily time frame. The market is in consolidation mode. Price may probably snore a 4H resistance zone it has recently left around 1. 70897 (which can be in confluence with the 50.0 Fib) and possibly turn the zone to get another to the downside for another price wave . By doing this, a trendline that is inner will be respected on the 4H period frame. All the technicals on the 4H time frame are in sync for further bearish disposition.



    I might be incorrect. Trade safe.

    KP

  6. #16
    GBPNZD Outlook

    On the weekly time frame, the market is respecting a downtrend from the 61.8% Fib retracement of a major downtrend began in January 2009. A weekly service zone around 1.76425 last visited in October 2013 was spiked post-Brexit in July 2016 and because then price has ranged between it and the immediate weekly resistance zone to the north. Price action in the previous three weeks has revealed southward mood but the bulls fought against the movement.



    On the daily time frame, price is respecting an inner daily trendline to the downside. Besides, a horizontal channel formed post-Brexit has admired the market structure and portends a further southward movement because recently price has moved to a different lower horizontal channel and the downtrend has not been significantly breached.



    On the 4H time frame, after price finished one price wave to the downside, there was a powerful retracement to check that the 61.8 Fib on two occasions but was rejected to the downside. Price action is now working in a marginally descending channel and is respecting the miniature trendline on the 4H time frame. However, should price break the trendline to the upside, it might target the immediate resistance zone around 1.79605. Each of the technicals on the 4H time frame have been in sync for further bearish disposition.



    I might be wrong. Trade safe.

    KP

  7. #17
    Hello I used Q for big picture ,the pivot zone may well take us to the open gap and still hold trend
    is near top of channel
    on this zone as a major barrier and Doji w1 as before possiblly so long since it didnt start bullish



  8. #18
    Quote Originally Posted by ;
    Hello I utilized Q for big picture ,the pivot zone could well take us to the open gap and still hold trend is near top of station with this zone as a major barrier and Doji w1 as before possiblly as long as it wont open bullish image image image
    Agreed. Distance into the upside. Price is operating at the 61.8 Fib, which can be in confluence with a weekly S/R zone. However, there is potential for price action to goal 74.6 Fib before any downward movement.



    I might be wrong. Trade safe also.


    KP

  9. #19
    EURGBP Update

    This pair has obtained a fantastic stride further northwards.

    KP


  10. #20

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