XAGUSD H4 – Strong Demand
Once again, the XAGUSD reaches another all time high. The price is again touching the upper daily bullish channel. While the overall bias is still bullish, we need to observe if the bullish momentum is sufficient to break above the upper daily bullish channel. Here’s the full breakdown:
📊 Market Structure: HH/HL → Bullish
📈 EMA Check (H4): Price closes above 50 & 200 EMA
🔑 Support & Resistance: Support = 41.43 / Resistance = 43.15 (Upper bullish channel)
📏 Trendline: Uptrend line intact
📐 Channel: Bullish channel still in play
✅ Bias: Bullish
🎯 Setup Watch: Look for long entry between 42.3 to 42
EURUSD H4 – Support Holding
The EURUSD broke out and surged to 1.19. It has, however, rotated back down to the level about 3 weeks ago, supported at zone 1.171 to 1.174 We will be a buyer if a bullish setup shows itself. Here’s the full breakdown:
📊 Market Structure: HH/HL → Bearish to Neutral.
📈 EMA Check (H4): Price closes above 200 EMA.
🔑 Support & Resistance: Support = 1.171~1.174 / Resistance = 1.191
📏 Trendline: Lower daily bullish channel is still intact
✅ Bias: Bullish
🎯 Setup Watch: Buy breakout above 1.177 → TP 1.2
XAUUSD H4 – Still Bullish But Consolidating?
3,700 seems like a major resistance where a lot of buyers are taking profit on the FED’s rate cut decision. The demand at 3,630 is strong enough to push the price back to the upper daily bullish channel. Could this be the re-accumulation phase? Here’s the full breakdown:
📊 Market Structure: HH/HL → Potentially sideway at the moment
📈 EMA Check (H4): Price oscillating around 20 EMA
🔑 Support & Resistance: Support = 3,630 / Resistance = 3,700
📏 Trendline: Uptrend line intact
📐 Channel: Bullish channel still in play
✅ Bias: Bullish
🎯 Setup Watch: Wait for long setup to enter
GBPUSD Daily – Distribution?
The pair has broke below the daily bullish channel and unable to rally to new high. Here’s the full breakdown:
📊 Market Structure: LL/LH → Bearish to Neutral. Bearish if 1.33 can be taken out.
📈 EMA Check (H4): Price oscillating between 10 & 50 EMA
🔑 Support & Resistance: Support = 1.335 / Resistance = 1.375
✅ Bias: More to bearish
🎯 Setup Watch: Wait for clean breakout below 1.33 → TP 1.32 and 1.275