Friday, January 31, 2020

GBPUSD: Upper trendline still resists. 31-Jan-2020

CMP: 1.3110; Res: 1.3155/1.3175; Sup: 1.2975/1.2951
As long as the resistances hold, we can see down fall towards 1.3050, 1.2975-1.2950.
Break of 1.29751.2951, bearish. Break of 1.3175 bullish.


GBPAUD: Topping is in progress? 31-Jan-2020

CMP: 1.9509; Sup: 1.8640
I expect this pair is going to top out soon for bigger correction.


GOLD: Down trend continues? 31-Jan-2020

CMP: 1572.x; Res: 1586; Sup: 1570
As long as Gold resisted by 1586/89, we can still see 1560-1554, 1545-1541. And 1520-1510 as extension.

Thursday, January 30, 2020

USDCAD: Downside correction? 30-Jan-2020

CMP: 1.3211; Res: 1.3225; Sup: 1.2951
If 1.3225 resists, we can see downside correction towards 1.3160, 1.3120, 1.3088, 1.3056, 1.3031...


CADJPY: Can we see upside correction? 30-Jan-2020

CMP: 82.37; Sup: 82/78.49; Res: 84.55
If 82 supports, we can see upside correction towards 82.77, 83.1, 83.38, 83.65...
Positionally, still we can see 81.51, 80.80, 80.26...

EURGBP: Will Supports hold? 30-Jan-2020

CMP: 0.8423; Res: 0.8595; Sup: 0.8385/0.8275
If supports, hold, we can see 0.8595 again and further 0.8702-0.8776.

GBPUSD: Bull OR Bear? 30-Jan-2020

CMP: 1.3093; Res: 1.3173; Sup: 1.2903
Break of this range will give clear direction.

Silver: Is bottom in place or another low before big up move? 30-Jan-2020

CMP: 17.6; Res: 18/18.34/18.84; Sup: 16.5
As long as 18/18.34 resists, we can still see some more down move 17.39 again and further 17.2-17.1.
Reversal from this level with support of 16.5, 1st target 18.84.

USDCHF: Is top in place for drop? 30-Jan-2020

CMP: 0.9723; Res: 0.9768; Sup: 0.9615
If 0.9768 resists, we will see 0.9615 again and further 0.9485, 0.9357.

Crude: Can we see more down? Support 52.12. 30-Jan-2020

CMP: 52.8; Res: 54.38/59.64; Sup: 52.12
If crude breaks 52.12, we can see 51.38-49.43 first and further 48.22, 46.28-45.07.

Wednesday, January 29, 2020

BCHUSD Analysis 29-Jan-2020

CMP: 380.x; Res: 395; Sup: 295
If 395 resists, we can see 371, 357, 345, 334...

Nifty Analysis 29-Jan-2020

Data as per GCI MT4

CMP: 12126; Res; 12267/12414; Sup: 12021
Have pointed out possible moves in the chart. Downside ultimate target 11930-11850.

CADJPY: More fall? 29-Jan-2020

CMP: 82.79; Res: 83/84.55; Sup: 82.33/78.49
If 83$ resists, we will see 82.33 again and further 82.22-82...



PREVIOUS ANALYSIS:
https://ewavesjournal.blogspot.com/2020/01/cadjpy-positional-down-correction-20.html



S&P500: Down move resumes? 29-Jan-2020

5:34 PM IST Update: Added minor wave counts.




CMP: 3284.x; Res: 3291/3338; Sup: 3233
As long as 3291/3338 resists, we can see 3233 again and further 3226, 3211, 3186, 3162, extensions: 3123-3105...

Natural Gas: Are we in bottoming out process? 29-Jan-2020

CMP: 1.924; Res: 1.944/2.273; Sup: 1.821/1.628 (base support)
If 1.944/1.955 resists, we will see 1.821 again and further 1.793-1.771-1.736.
Reversal 1st target 2.273. Will update more based on the market moves.

NZDCHF: Analysis based on 5m TF 29-Jan-2020

CMP: 0.6363
If 0.6376 resists, we can see 0.6352, 0.6344, 0.6336...
Reversal from the above levels with support of 0.6312, 1st target 0.6376, 0.6423...

GBPAUD: Medium Term down, Long Term Bull? 29-Jan-2020

CMP: 1.9224; Res: 1.9355/1.9525; Sup: 1.8640

Long Term

Based on Daily chart, I expect to see another up move towards 1.9524-1.9717, 2,0191, 2.0854...

Short/Medium Term

As long as 1.9355/1.9525 resists, I expect to see a retest of 1.8640.
Further targets: 1.8471-1.8262.





If the lower trend line supports, we will see a final leg of up move towards 1.9524 initially.

EURAUD: Downside correction? 29-Jan-2020

10;:02 AM IST Positional Update

EURAUD: Range Breakout needed: 1.6355/1.5955
As long as 1.6805 1.6434 resists, we will see 1.5955 initially.
Further targets: 1.5670-1.5407, 1.4980-1.4820...


Morning View

CMP: 1.6285; Res: 1.6318/1.6356
As long as the above resistances hold, we can see 1.6243-1.6225, 1.6202-1.6180

Tuesday, January 28, 2020

Gold: Some more down left? 28-Jan-2020

CMP: 1574.x; Res: 1583
As long as res holds, we can still see 1570-1566.

EURCAD: Break of 1.4555 needed for bulls. 28-Jan-2020

CMP; 1.4513; Res: 1.4555; Sup: 1.4450/1.4413
Break of 1.4555, we can see 1.4613-1.4637, 1.4670-1.4687...

USDCAD: Is top in place? 28-Jan-2020

CMP: 1.3190; Sup: 1.3173
As of now res is at 1.3208. If resists and a break of 1.3173, we can see 1.3150, 1.3127, 1.3091...


INDEX: S&P 500: Upside correction? 28-Jan-2020

CMP; 3253.x; Res: 3265; Sup: 3242/3233
As long as supports hold, we will see 3263 again and further 3272-3279, 3290-3298...

Break of 3233, can lead to 3165-3135. Res will be 3265.

BTCUSD: Upside targets in progress. 28-Jan-2020

CMP: 8990
As long as supports, hold, we will see 9200-9350 first and further 9750-10100+

Previous Analysis: BTCUSD: Bull OR Bear 25-Jan-2020
https://ewavesjournal.blogspot.com/2020/01/btcusd-bull-or-bear-25-jan-2020.html




Crude Analysis 28-Jan-2020

CMP: 53.16; Sup: 52.46/52.12; Res: 53.51
Break of 53.51, we can see 53.83-54.16 first and further 54.68-54.88.

EURGBP: Trade Idea 28-Jan-2020

CMP: 0.8453; Sup: 0.8409/0.8387; Res; 0.8449
If 0.8408 holds support, we can see 0.8471-0.8486 first and further 0.8509-0.8518...
Buyers SL strict to 0.8431/0.8405 max.

GBPUSD: Trade Ideas 28-Jan-2020

CMP: 1.3046; Res: 1.3105
As long as 1.3105 resists, we can see 1.3029-1.3011, 1.2982-1.2953, 1.2906-1.2888.

EURUSD: Trade Idea 28-Jan-2020

CMP: 1.1022; Sup: 1.1008; Res: 1.1109
If 1.1008 supports, we can see 1.1033, 1.1047, 1.1059, 1.1071, 1.1080.
Buyers SL 1.1005 strict.

INDEX: NIFTY: Can We see 11930/11850?

11:30 AM IST: Have added alternate scenarios:

Scenario 1: Direct fall to 11930/11850 below 12083 if 12273 resists. (primary scenario)
Scenario 2: Can make new low and take support of 12055/12021 n reverse back to 12200.
Scenario 3: Takes support of 12200 n go back to 12400+ to make new highs.


CMP: 12132; Res: 12273/12434; Sup: 12085
As long as the above resistances hold, we can see 11930/11850.




Can we see 11930/11850. Added alternate Scenario. by ArockiaChinnappaRajK on TradingView.com

USDCHF: Break Needed 0.9728/0.9613

CMP: 0.9703; Sup: 0.9669/0.9613; Res: 0.9728
If 0.9728 breaks, we can see 0.9784-0.9811, 0.9855-0.9872...

AUDNZD: Bull? 28-Jan-2020

CMP: 1.0324; Sup: 1.0255; Res: 1.0865
If 1.0255 supports, we will see 1.0446-1.0480, 1.0534-1.0554, 1.0675-.0696...
Please check previous analysis for Long Term.

Positional Analysis:

https://ewavesjournal.blogspot.com/2020/01/audnzd-long-term-bull-18-jan-2020.html

GBPNZD: Are we nearing short term top? 28-Jan-2020

CMP: 1.9960
Sup. 1.9883; Upside target zone: 1.9965-2.0065.
Soon we can expect some correction.

NZDUSD: More Fall? 28-Jan-2020

CMP: 0.6545; Res: 0.6627/0.6666
As long as 0.6627 resists, we can still see 0.6507-0.6470.

Above 0.6666 view invalid. Note: min tgt done at 0.6543. But still more downside possible.

EURNZD Analysis 28-Jan-2020

CMP: 1.6839; Res: 1.6927; Sup: 1.6582
Break of 1.6621/1.6582, we can see 1.6234, 1.6064, 1.5833, 1.5676 positionally.

Above 1.6927, we can see 1.6993, 1.7069, extension 1.7193, 1.7240

Monday, January 27, 2020

USDCAD: Are we nearing top? 27-Jan-2020

CMP: 1.3183; Sup: 1.2951/1.3032
As per the Hourly Chart, I suppose, we are nearing top. Upside normal target 1.3186-1.3222. Extension can be 1.3281-1.3304.
But I expect reversal between 1.3186-1.3222. Let us wait and see how this is going to unfold.

Reversal downside target can be 1.3150-1.3127 initially. Normal target 1.3091-1.3030.

S&P 500: Upside correction? 27-Jan-2020

8:42 PM IST
Above 3255 bullish.
Tgts: 3272, 3285, 3306, 3325


CMP: 3250; Sup: 3234; Res: 3334
If 3234 supports, we can see 3259, 3274, 3286, 3298, 3307...

GBPCAD: Will 1.7308 hold resistance? 27-Jan-2020

CMP: 1.7223; Res: 1.7268/1.7306; Sup: 1.6940/1.6918
If 1.7308 hold resistance, we can see 1.7181-1.7166-1.7159, 1.7123-1.7112, 1.7087-1.7080....

TASI (TADAWUL): Short Term Bear? 27-Jan-2020

CMP: 8209.x; Res: 8489; Sup: 7389
If 8489 resists, we can see 8229 (done).
Targets: 8070, 7942, 7813, 7716....

GBPJPY: Bull OR Bear? 27-Jan-2020

CMP: 142.46; Res: 144.61/148; Sup: 142/140.8

Primary Scenario:
As long as 148 resists, we will see 140.8 again and further 139.4, 137.8, 136.2...

Short Term Scenarios:
1. If 142 supports, we can see 144.6 again and further 145.2-146.
2. If 144.61 is the end of upside correction and a break of 140.8, direct fall to 139.5, 137.8, 136.3...

EURGBP: Short Term Bull? 27-Jan-2020

CMP: 0.8445; Sup: 0.8389/0.8277
As long as the above levels support and a break of 0.8589, we can see 0.8677-0.8702, 0.8776-0.8822, 0.8897-0.8943...


Nifty: Upside correction or direct fall? 27-Jan-2020

Data as per GCI MT4
CMP: 12195; Sup: 12150/12083; Res: 12268/12414
If nifty supported by 12150/12083 we can see 12268 again and further 12300-12340 before next fall to 11900/850.

Above 12414 bullish, Below 12150/12083 bearish.

Previous Analysis:

https://ewavesjournal.blogspot.com/2020/01/nifty-is-topping-out-in-progress-13-jan.html

GBPCHF: Will the Trendline support/break? 27-Jan-2020


CMP: 1.2682; Res: 1.2773; Sup: 1.2555
Downside min tgt done. Will it reverse with the support of trendline? If the down trendline support, we will see 1.2773 again and more.


EURCHF: Upside correction? 27-Jan-2020

CMP: 1.0707; Sup: 1.0693/89; Res: 1.1034
If 1.0689 supports, we can see 1.0773, 1.0805-1.0823, 1.0849-1.0863, 1.0903, 1.0933...

USDCHF: Still more downside can be seen? 27-Jan-2020

CMP: 0.9706; Res: 0.9734/0.9763; Sup: 0.9613
As long as the above resistances hold, we can see 0.9613 again.
Further targets: 0.9579-0.9544, 0.9487-0.9465...

Alternate View:

https://ewavesjournal.blogspot.com/2020/01/usdchf-short-term-view-24-jan-2020.html

GBPUSD: Positional Bear 27-Jan-2020

CMP: 1.3057; Res: 1.3175/1.3213/1.3289/1.3515; Sup: 1.2955/1.2901
As long as the above resistances hold, we can see again 1.2955-1.2901.
Further targets: 1.2816, 1.2736, 1.2672, 1.2552-1.2528, 1.2438-1.2413 as extension.


GBPUSD is going as per my previous analysis.
https://ewavesjournal.blogspot.com/2020/01/gbpusd-view-24-jan-2020.html

EURUSD: More downside can be? 27-Jan-2020


CMP: 1.1027; Res: 1.1061/1.1110; Sup: 1.1020
Min tgt on the downside almost done 1.1020 (expected 1.1018-1.1007).
Still more downside can be see as long as the above resistances hold.
Targets: 1.1018-1.1007, 1.0983-1.0959, 1.0944-1.0923...

QUICK LINKS:

GOLD/XAUUSD ANALYSIS JULY 2021

PREVIOUS ANALYSIS https://rajtechanalysis.blogspot.com/2021/06/goldxauusd-analysis-june-2021.html Long term analysis included in the above p...