XAGUSD H4 – Hesitation?
Another week, again another all time high for the XAGUSD. The level 48 seems to be formidable at the moment. Here’s the full breakdown:
📊 Market Structure: HH/HL → Bullish
📈 EMA Check (H4): Price closes above 50 & 200 EMA
🔑 Support & Resistance: Support = 46 / Resistance = 48
📏 Trendline: Uptrend line intact
📐 Channel: Bullish channel still in play
✅ Bias: Bullish
🎯 Setup Watch: Observe for range price action
EURUSD H4 – Sideway
The EURUSD remains sideway. The bullish trend line is holding well. The price needs to break either way for us to see some actions. Here’s the full breakdown:
📊 Market Structure: In range → Neutral.
📈 EMA Check (H4): Price holding around 200 EMA.
🔑 Support & Resistance: Support = 1.168 and 1.164 / Resistance = 1.178
📏 Trendline: Bullish trend line is holding
✅ Bias: Neutral
🎯 Setup Watch: Wait and observe
XAUUSD H4 – Still Bullish?
3 failed attempts to break above 3,886. Here’s the full breakdown:
📊 Market Structure: HH/HL → Potentially sideway at the moment
📈 EMA Check (H4): Price is above 50 EMA
🔑 Support & Resistance: Support = 3820 / Resistance = 3,890
📏 Trendline: Uptrend line intact
📐 Channel: Bullish channel still in play
✅ Bias: Bullish to Neutral
🎯 Setup Watch: Wait for rotation lower to enter
GBPUSD H4 – Stuck?
The pair attempted twice to clear the 200 EMA in H4 but failed. It’s a sign of weakness. Here’s the full breakdown:
📊 Market Structure: LL/LH → Bearish to Neutral. Bearish if 1.334 can be taken out.
📈 EMA Check (H4): Price below 200 EMA
🔑 Support & Resistance: Support = 1.334 / Resistance = 1.367
✅ Bias: More to bearish
🎯 Setup Watch: Wait and observe
USDJPY H4 – Huge gap up?
Finally, Japan welcomes its first woman prime minister, who is dovish. USDJPY is expected to gap up on Monday open. Here’s the full breakdown:
📊 Market Structure: HH/HL → Bullish
📈 EMA Check (H4): Price is still below 200 EMA
🔑 Support & Resistance: Support = 146.5 / Resistance = 150
✅ Bias: More to bullish
🎯 Setup Watch: Wait and observe