XAGUSD H4 – Inverted Heard & Shoulder
An inverted head & shoulder has formed for XAGUSD. The price is now near the breakout level for the bullish structure, however, there is still no breakout. Here’s the full breakdown:
📊 Market Structure: Consolidation
📈 EMA Check (H4): Price closes around 50 EMA
🔑 Support & Resistance: Support = 47 / Resistance = 54.5
📏 Trendline: Consolidation
📐 Channel: Not available
✅ Bias: Consolidation
🎯 Setup Watch: Look for buy setup to enter if 49.2 can be broken forming HH
XAUUSD H4 – Consolidation
The consolidation for XAUUSD has continued. This pair needs to break 4,030 to form a HH for the bullish run to continue. Here’s the full breakdown:
📊 Market Structure: Consolidation
📈 EMA Check (H4): Price closed around 50 EMA.
🔑 Support & Resistance: Support = 3,900 / Resistance = 4,030
📏 Trendline: Consolidation
📐 Channel: Not available
✅ Bias: Consolidation
🎯 Setup Watch: Looking for bullish setup to buy if a HH is formed
EURAUD H4 – Start of bull run?
This pair made a rally up, forming a higher high. However, it’s back to a strong resistance level. Will it clear it properly and start a bull run? Here’s the full breakdown:
📊 Market Structure: Bullish
📈 EMA Check (H4): Price closed above 50 EMA
🔑 Support & Resistance: Support = 1.782 and 1.776 / Resistance = 1.792
📏 Trendline: Bearish trend line broken, and bullish trend line is still intact
📐 Channel: Not available
✅ Bias: Bullish
🎯 Setup Watch: Let’s wait for the price to rotate lower back to the support level
EURCAD H4 – Will it be bullish or consolidation?
EURCAD rallied back to the top of the range and was sold down. If 1.63 can be broken to the upside forming a higher high, we can expect this pair to be bullish. Here’s the full breakdown:
📊 Market Structure: Consolidation.
📈 EMA Check (H4): Price closed above 50 EMA
🔑 Support & Resistance: Support = 1.63 / Resistance = 1.622
📏 Trendline: Bullish trend line intact
📐 Channel: Not available
✅ Bias: Consolidation? Bullish?
🎯 Setup Watch: Wait for breakout to the upside then look for long entry
USDJPY H4 – Consolidation
The USDJPY recent rally has encountered a major resistance at 154.4, and still unable to break through after another week. Here’s the full breakdown:
📊 Market Structure: Consolidation
📈 EMA Check (H4): Price is around 50 EMA
🔑 Support & Resistance: Support = 153 / Resistance = 154.4
📏 Trendline: Bullish
📐 Channel: Not available
✅ Bias: Bullish
🎯 Setup Watch: No setup at the moment.