Areeba Jalil

28/05/2024

*DXY (USD)* - correcting lower after breaking out of a bullish Ending Wedge formation. Although the medium-term bias remains bullish, there is no clear indication that this negative move has stalled.

27/05/2024

❗ **EUR/CAD completes a bullish five-wave count**
The cross has completed a bullish five-wave count (Elliott wave) close to the 261.8% extension level of 1.4870. With the weekly chart highlighting a correction 9 count from demark indicators, there is ample scope for a deeper correction. The 8 hour chart highlights an ending wedge formation. On a clear break of the trend of higher lows at 1.4814, the measured move target is 1.4693.

27/05/2024

❗ **GBP/NZD develops a corrective structure, bears target 2.0710**

GBP/NZD’s broad bias is bearish. Prices have been consolidating for two weeks, and there is scope for a downside price action towards the previous week’s low. The pair is developing an extended WXY corrective structure. Wave (X) is in play, developing a sub-wave abc structure.

It has a measured move target of AB=CD at 2.0710, which overlaps with the daily ATR range. Resistances are located at 2.0865-95.

27/05/2024

Today's medium impact news

23/05/2024

Currency heat map Today

23/05/2024

Today's medium and high impact news

17/05/2024

**GBP/JPY a clear confluence zone is located at 198.60**
Upward pressure from 195.06 resulted in all the initial daily losses being recaptured. We have a clear confluence zone between 198.59 and 198.64. This is:
• 261.8% extension level at 198.64
• 78.6% pullback level at 198.60
It should be noted that this will complete two patterns from different analytical theories:
• 261.8% will be the completion of a bullish Elliott wave count
• 78.6% will be the completion of a Gartley formation.
Support is located at 195.32

17/05/2024

*DXY* (USD Index – Capital) - price action is forming a bullish ending wedge pattern. I would look for dips to be bought within the 103.69 to 103.60 zone. On a break of 104.59, the trend of lower highs, the first upside barrier is located at 104.97. Immediate signals are mixed.

17/05/2024

❗ **Gold rallies to be sold and dips to be bought**
*Gold* - the rally was sold and the dip was bought resulting in mild net losses for the day. This candle formation shows indecision at current levels.
The six-hour chart highlights a breakout of the ending wedge formation. The measured move target is $2,418. We have a 261.8% extension level located at $2,420. Support is at $2,350.

17/05/2024

❗** GBP/USD prime support is currently located at 1.2559**
The rally stalled yesterday with price action posting mild net losses on the daily chart.
The six-hour chart highlights the pair moving higher within a bullish channel formation. We have a projected channel top close to the 78.6% retracement level of 1.2765.
Intraday support is located at 1.2559.
Conclusion: the immediate bias is hard to ascertain. I would look for rallies to be sold at 1.2765 and intraday dips to be bought at 1.2559.

13/05/2024

Today's medium impact news. No major high impact news for Today

13/05/2024

A new week begins! ☕ Do you have any questions? We are here to answer. Trading Twist Analysts do not offer financial advice or personal recommendations but rather their real-time market view and comments on potential upcoming scenarios. Their insights should be used as a compliment of your own research. Trade on your own risk Team Trading Twist will not be responsible of any loss or drawdown

Digital creator

09/05/2024

Today's medium and high impact news. GBP is the market mover today

06/05/2024

Market Bias Today

06/05/2024

❗ **EUR/AUD moving lower within the CD leg of the Bat formation**
The weekly chart highlights the cross moving lower within the CD leg of a Bat formation. This pattern will be completed at 1.4610. The shorter timeframes highlight lower lows and lower highs. There is no clear indication of a change in trend. Resistance is located at 1.6362 1.6404. The CD leg will be confirmed on a break of the previous swing low at 1.6129.

01/05/2024

Fundamental Data and Technical confluence

01/05/2024

*GBPCHF* Technical outlook on D1, time frame, market entered in an overbought zone(D1,W1 Supply zone) market waiting for GBP impulsive data while on the other hand market bias and market sentiments supporting Sell. Market technical confluence and fundamental data also supporting the sentiments of the market, we are now waiting for sell confirmation

01/05/2024

Today's medium and high impact news. Big day ahead, *USD* is market mover today we have 10 USD high impact news

30/04/2024

*DXY (USD Index)* - the four-hour chart highlights the index consolidating within a corrective channel formation. This could be seen as a flag with a bias to break to the upside.
The one-hour chart highlights the completion of a bearish gartley formation at 105.70. We have a supply zone located at 105.68. Although the medium-term bias is bullish, I look for intraday rallies to find selling interest.

30/04/2024

❗ **EUR/USD trades In Sell ahead of the EZ inflation data**

EUR/USD’s broad bias is bearish. The ECB is dovish, while the Fed is not. Inflation data from the Eurozone is due today for more clues on the ECB's next move. Prices have been correcting higher for two weeks. They print an expanding structure at the last wave of the flat corrective structure. Wave (5) of (c) is developing with five sub-waves. The last leg is in progress. It can be truncated and prices proceed lower, or be extended and prices bounce higher toward the pivot resistance at 1.0750 to complete the corrective structure. Supports are located at 1.0675 and 1.0630.

29/04/2024

❗ **NASDAQ (US100) has a measured move of AB=CD at 17,860**

NASDAQ’s recent bias is bearish. It started a downside corrective structure in late March, and there is no indication that the sell-off is over. A three-sub-wave structure is in progress. Prices trade at resistance from the 61.8% Fibo retracement level and a previous swing high. The measured move target of AB=CD is at 17,860, which overlaps with a previously broken support-turned-resistance. Prime resistance is at 18,050. A spike higher is possible but should be short-lived. *Supports are located at 17,600 and 17,400.*

29/04/2024

A new week begins! ☕ Do you have any questions? We are here to answer. Trading Twist Analysts do not offer financial advice or personal recommendations but rather their real-time market view and comments on potential upcoming scenarios. Their insights should be used as a compliment of your own research. Trade on your own risk Team Trading Twist will not be responsible of any loss or drawdown

26/04/2024

*GBPJPY* Technical outlook on M15 TF. Sell on CMP 40 pips SL 100 pips TP.
Use proper money management

26/04/2024

*XRPUSD* Technical outlook

26/04/2024

❗ **Gold correcting higher with the 2nd wave**
The four-hour chart highlights a correction to the upside from the $2,293 demand zone. With bespoke support lining up with the 161.8% extension level at $2,206, it would suggest we are currently within the corrective second wave. We have a demand zone located at $2,378.
The intraday chart highlights a corrective channel formation. An AB=CD formation is located at $2,350. An intraday demand zone is located at $2,320.
*Resistance: $2,350 (AB=CD), $2,378 (Supply), $2,418 (swing high)*
*Support: $2,320 (intraday demand), $2,291 (swing low), $2,206 (161.8% and bespoke)*