XAGUSD H4 – Double Bottom
It is observed that the silver pulled back to 64 and immediately bounced up. Will this be a double bottom that ignite the bullish trend? Here’s the full breakdown:
📊 Market Structure: LL/LH -> Bearish
📈 EMA Check (H4): Price closes below 50 EMA
🔑 Support & Resistance: Support = 72 / Resistance = 121.67
📏 Trendline: Not available
📐 Channel: Not available
✅ Bias: Bearish
🎯 Setup Watch: Wait for prices to cross above 50 EMA to go long
XAUUSD H4 – Higher low?
The golden precious metal seems to be forming a higher low now around 4,700. Here’s the full breakdown:
📊 Market Structure: HH/HL -> Bullish
📈 EMA Check (H4): Price closed above 50 EMA.
🔑 Support & Resistance: Support = 4,700 / Resistance = 5,600
📏 Trendline: Not available
📐 Channel: Not available
✅ Bias: Bullish
🎯 Setup Watch: Looking for bullish setup to buy
EURUSD H4 – Weak USD
After rotating lower to 1.18 level, the EURUSD has been sideway for the past week. Here’s the full breakdown:
📊 Market Structure: LL/LH -> Bearish
📈 EMA Check (H4): Price closed right below 50 EMA
🔑 Support & Resistance: Support = 1.177 / Resistance = 1.208
📏 Trendline: Not available
📐 Channel: Not available
✅ Bias: Bearish
🎯 Setup Watch: The price needs to make higher high to look to buy
USDJPY H4 – Stronger JPY?
The USDJPY is now rise up to a major resistance area of 157.5. With the weekend election just completed, we need to observe the Monday morning open. Here’s the full breakdown:
📊 Market Structure: HH/HL -> Bullish
📈 EMA Check (H4): Price is above 50 EMA
🔑 Support & Resistance: Support = 153 / Resistance = 157.5
📏 Trendline: Not available
📐 Channel: Not available
✅ Bias: Bullish
🎯 Setup Watch: Watch out for the resistance area. It is still a long USDJPY play for now.
AUDUSD H4 – Weakening USD
The AUDUSD has formed a strong bullish signal with a shakeout around 0.69 area. Strong buy signal. Here’s the full breakdown:
📊 Market Structure: HH/HL -> Bullish
📈 EMA Check (H4): Price is above 50 EMA
🔑 Support & Resistance: Support = 0.69 / Resistance = 0.71
📏 Trendline: Not available
📐 Channel: Not available
✅ Bias: Bullish
🎯 Setup Watch: Strong buy