Weekly Top-Down Technical Analyses - Page 3
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Thread: Weekly Top-Down Technical Analyses

  1. #21
    Quote Originally Posted by ;
    Hi Keen maybe EG appears like this image
    Hi Bones! The weekly outlook is your focus. The general outlook is your emphasis although anything can happen intra-day. The under chat proves that the pair is still working and respecting an up station, largely. It should be said that price is at a substantial weekly resistance zone. Trade safe and well.

    KP


  2. #22
    Hi Keen yes your right weekly did open bullish,yet I'm waiting to short this on pa so long as formation holds

  3. #23
    Quote Originally Posted by ;
    Hi Keen yes your right weekly did start bullish,yet I'm awaiting brief this on pa as long since formation holds picture
    Yes, possible for trading southwards is there- perhaps riding the channel down from the top of the channel. Trade safe also.

    KP

  4. #24
    GBPUSD Outlook

    The pair continues to make its descent. Over the weekly time frame, the pair mostly respects the 8 EMA as a dynamic resistance and rejected the immediate weekly resistance zone into the downside. It has also rejected the monthly pivot which was proximal to the weekly resistance zone. The market has broken under the immediate weekly support zone, to a all-time low.



    At the daily time frame, the price action has been mostly constrained from the 8 EMA, it's respecting an inner trend line and has stayed disposed southwards. On the other hand, the most recent candlestick indicated a strong bullish rejection of the all-time low.



    the majority of the technicals on the 4H time frame bear southwards but the momentum is weakening. The RSI has a slight upward tone but still horizontal and the most recent price action observed a powerful bullish influence. However, with the market at 61.8% Fib retracement of the GBP crash during the Asian session of Friday October 7, 2016, the doji candle formed as the previous candlestick on the timeframe is a cue to wait for further price action.



    I'm incorrect. Trade safe and well.

    KP

  5. #25
    USDCAD Outlook

    The pair continues its ascent. Over the weekly time period, the pair is presently respecting an internal trendline following a 32.8% Fib retracement at July 2016.



    At the daily time period, the pair has respected a primary ascending channel (in magenta color ) because June 2016. It has recently migrated into an interior ascending channel (in Navy color ) that has resisted the monthly pivot as well as an adjacent weekly support zone. With the 8 EMA serving as a commendable dynamic support and the RSI well headed upward, the momentum into the upside is rather powerful.



    Each of the technicals on the 4H timeframe bear northwards. Price has breached the weekly resistance zone where the market has operated for most of the week and also 1.32956 that was last visited on March 24, 2016. Although, the latest high of 1.33122 was formed on Friday October 8, 2016 by the penultimate candlestick, the last candlestick has produced a bullish push seemingly for a further northward drive.



    I might be incorrect. Trade safe and well.

    KP

  6. #26
    GBPNZD Outlook

    The pair continues to make its descent. On the time frame, the pair proceeds to respect the 8 EMA as a lively resistance and refused the instant weekly resistance zone into the downside. Additionally, it has refused the monthly pivot which was proximal to the weekly resistance zone. The market has broken under the instant weekly support zone, to a all-time low.



    At the daily time frame, the price action was mostly constrained from the 20 EMA and remained disposed southwards. On the other hand, the latest candlestick indicated a strong bullish rejection of this all-time low.



    Each of the technicals on the 4H time frame bear southwards. On the other hand, the most recent price action is currently at 61.8% Fib retracement of the GBP crash throughout the Asian session of Friday October 7, 2016 but there is still a strong bearish influence.



    I may be incorrect. Trade safe.

    KP

  7. #27
    NZDUSD Outlook

    The pair has been in a down trend since July 2014 and made a course correction in December 2015. Since then, price transferred within an ascending channel and climaxed in a 50.0 Fib retracement with a pin bar/shooting star on September 4, 2016 that resisted the monthly pivot. Price is currently on a descent but nevertheless within the immediate weekly service zone and was in restraint by the 20 EMA.



    On the daily time period, price is respecting an interior trendline (in magenta color ) and the technicals support further southward move.



    Recent price action on the 4H time period indicates a strong bullish influence. Since the market is at the lower part of the weekly service zone, there might be a push to retest the distal part around 0.72142 or the trendline (in magenta color ), probably prior to a further southward drive.



    I might be wrong. Trade safe also.

    KP

  8. #28
    GBPNZD Update

    The GBPNZD has continued to respect the trendlines about the weekly and daily time frames to the disadvantage. It should be interesting to see how it responds to the 61.8 Fib level on its pullback. See attached 4H chart.




    I may be wrong. Trade safe also.

    KP

    Quote Originally Posted by ;
    GBPNZD Outlook The pair continues to make its descent. Over the weekly time frame, the pair continues to respect the 8 EMA as a dynamic resistance and rejected the immediate weekly resistance zone to the downside. It has also rejected the monthly pivot which was proximal to the weekly resistance zone. The market has broken below the immediate weekly service zone, to a all-time low. image At the daily time frame, the price action was largely constrained from the 20 EMA and remained disposed southwards. However, the latest candlestick suggested...

  9. #29
    Very nice thread. Keep it moving on KP.

    Thank you

  10. #30
    Quote Originally Posted by ;
    Very nice thread. Keep it going on KP. Thank you
    Thanks M8! Green pips to you.

    KP

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