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Long term bias is still bullish

Ucef Posted 31 Mar. as Analysis on ZAR/JPY, Target: 7.88, Date: 1st of May, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bullish Bias #Support Area #Fibonacci Level #ZAR/JPY #Channel Lines
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 7.88.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger f…
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XAGUSD forming a bearish harmonic pattern

Ucef Posted 29 Feb. as Analysis on XAG/USD, Target: 14.5150, Date: 1st of April, 12:00 GMT  in #Technical analysis #Bearish Signs #Fibonacci Levels #Channel Down #Support Area #Downward Channel #XAG/USD #Retrace
Daily Vision
The XAGUSD trend is bearish in daily time frame. Vital resistance is present at 14.5658 price level. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame.
However, if bullish candlestic…
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The long term bias is still bullish on XAU/USD

Ucef Posted 29 Feb. as Analysis on XAU/USD, Target: 1 204.23, Date: 1st of April, 12:00 GMT  in #Technical analysis #Resistance #Patterns #Trend Line #Breakdown #XAU/USD #Levels #Bearish Signs #Support Area #Downward Channel #Channel Line
Daily Vision

The XAUUSD was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above 1 695.23.
I still prefer a bullish intraday scenario at this phase targeting 1 685.23 region.
Immediate resistance is seen around 1 254.23. A clear break and daily close above that area could trigger further bullish pressure testing 1 654.23 region. Immediate support is seen around 1 232.23.
A clear break below that area could trigger further bearish pre…
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USD/CHF have been seeing a strong bearish market

Ucef Posted 29 Feb. as Analysis on USD/CHF, Target: 0.9860, Date: 1st of April, 12:00 GMT  in #Technical analysis #Resistance #Patterns #Breakouts #USD/CHF #Levels #Fibonacci Levels #Bullish Bias #Support Area #Channel Line #Trendlines
Daily Vision

The USDCHF attempted to push lower yesterday bottomed at 0.9458 but closed higher at 0.9456 in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1000 pips without significant correction and the next potential target is seen around 0.9147 (weekly EMA 200).
The bias is bearish in nearest term. Immediate resistance is seen around 0.9914 . A clear break above that area could lead price to neutral zone in near…
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USDJPY Loses upside momentum

Ucef Posted 31 Jan. as Analysis on USD/JPY, Target: 119.35, Date: 1st of March, 12:00 GMT  in #Technical analysis #USD/JPY #Bearish #Elliot Wave #Fibonacci Levels #Downtrend #Support Area #Downward Channel #Trendlines
Daily analysis
USDJPY printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 121.45 level. A turn below here will open the door for more weakness targeting the 121.89 level and followed by the 121.65 level. A cut through here will bring additional weakness towards the 121.36 level.
Weekly analysis
USDJPY opened the week at 121.74 and touched a high of 121.85. The …
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