MarcellusLUX

MarcellusLUX Updated  Nov 14, 2023

Hello traders, in the daily chart, EUR/USD is now below the 100-day exponential moving average level. In addition, the price has also reversed from the top of the price channel. A combination of these two factors may limit the upside in EUR/USD. So, as long as price stays below the key 1.0750 level, the oulook is negative for EURUSD. My trading plan in...

MarcellusLUX Updated  Nov 14, 2023

Hello traders, in my previous GBP/USD analysis from last Monday, I mentioned selling GBP/USD@1.2410. If you followed my idea, you have already made over 220 pips profit. (previous idea attached below). Currently, in the daily chart, we have a bullish doji candlestick on Friday. So, there could be another rise in GBP/USD. However, I am not buying. In fact, my...

MarcellusLUX Updated  Nov 14, 2023

Dear traders, GBP/JPY has two resistance which are the key to predict it's future price movements. First, we have a moderate resistance level of 185.90 level. Second, we have another resistance at the 186.70 level. One of these two levels can be a reversal point for GBP/JPY. We need to watch out and observe if there is a bearish price action at either of these...

MarcellusLUX Updated  Nov 14, 2023

Hello traders, if you have been following me over the last few weeks, you already know that I sold Gold at 2004 level around a week ago when prices spiked up. Since then, I have been selling the rallies. Profit has also been taken on the previous sell@1965 and closed at 1938. Currently, in the 4-hour chart, the price action is still bearish. In fact, the...

MarcellusLUX Updated  Nov 13, 2023

Dear traders, USD/JPY is approaching a historical resistance zone. There could be a pullback from this level. The area between 151.80-152.30 is a potential reversal zone as it happens to be the confluence of both the channel resistance and horizontal resistance. If there is bearish price action in this zone, traders can consider selling USDJPY@151.80-152.30...

MarcellusLUX Updated  Nov 11, 2023

Hello traders, price action still indicates that Gold is strongly bearish. If you follow me, you will know that our sell from the 2004 level on Friday is in very handsome profits. Currently, I am looking for a pullback in Gold. I f Gold reaches the 1970 level again, I would consider selling Gold again with 1920 as my target. In fact, there's a high probability...

MarcellusLUX Updated  Nov 10, 2023

Hello traders, in the daily chart, EUR/USD is now below the 100-day exponential moving average level. In addition, the price has also reversed from the top of the price channel. A combination of these two factors may limit the upside in EUR/USD. As you already know, we have already sold EUR/USD@1.0746 level on Monday( as per my previous idea) and booked profit...

MarcellusLUX Updated  Nov 9, 2023

Hello traders, EUR/USD has finally reached the 1.0720 level that I predicted more than a week ago( previous idea pasted below for reference) So, as I mentioned earlier, that the 1.0720 level is very interesting as it happens to the top of the price channel as well as the 100-day exponential moving average level. This is why I was able to predict that price...

MarcellusLUX Updated  Nov 9, 2023

Dear traders, as mentioned in yesterday's idea, GBP/JPY has run into resistance in the 4H chart. Price has backed off after hitting the 4H resistance level. So, if this continues, GJ can fall further to the 183.50 level. My plan is to short the rallies in GBP/JPY as long as the resistance holds with target at 183.50

MarcellusLUX Updated  Nov 9, 2023

Hello traders, as per my previous trading plan on GBPUSD, our sell entry at the 1.2410 zone gave us over 170 pips profit as GBP/USD fell to 1.2240 levels. Currently, the price is not in an area where we can execute new sells. So, my plan is to wait for a pullback and see if the price reaches the resistance level near 1.24. If the resistance zone holds, we can...

MarcellusLUX Updated  Nov 9, 2023

Hello traders, for those who are following me, you already know that I entered multiple sell positions in XAUSD on Friday betwen 2001-2005. All the sell entries are in over 400 pips profit. I already published two idea on Friday and also yesterday, where I recommended selling Gold. Based on the daily chart, it seems Gold has peaked and the bearish momentum is...

MarcellusLUX Updated  Nov 8, 2023

Hello traders, in all my past 4 GBP/USD idea, I recommended buying the dips in GBP/USD. Price was at sub 1.21 levels. If you followed those idea, you would have certainly made 250-300 pips profit. Now, as expected, GBP/USD has reached the 100-day exponential moving average level around 1.24. I expect the price to pullback here. Even in the hourly chart, GBP/USD...

MarcellusLUX Updated  Nov 8, 2023

Hello traders, in my yesterday's trading idea(idea attached below), I recommended selling GBP/USD around the 1.2410 level as this was the 100-day EMA resistance. As you can see, the price fell strongly after hitting my sell zone. My sell trades from yesterday are in over 120 Pips profit. I expect price to fall further. However, I will not enter any new sell...

MarcellusLUX Updated  Nov 8, 2023

Hello traders, EUR/USD went exactly as I had predicted in my previous idea( Previous idea attached below). From my sell at 1.0746, the price is now 81 pips lower. Currently, if you look at the daily chart, we have a bearish candlestick pattern exactly at the confluence of the 100-day EMA and the top of the price channel . A combination of these two factors...

MarcellusLUX Updated  Nov 7, 2023

Dear traders, AUD/USD has broken through the 100-day exponential moving average. However, the price has reached a moderate supply level from where we can see a pullback in AUD/USD. If you look at the daily chart, you can see that the area around 0.6510 has multiple price rejections in the past. So, if we can see the formation of bearish candlesticks at this...

MarcellusLUX Updated  Nov 7, 2023

Hello traders, AUD/JPY is currently about to reach a resistance level from where we had seen a rejection in the past. So, if there is bearish price action in the resistance level that has been highlighted in my chart, we can see a pullback in AUD/JPY. Selling AUD/JPY@97.40-97.65 with SL above 98 and TP at 95 is a probable sell trade

MarcellusLUX Updated  Nov 7, 2023

Dear traders, XAU/USD may have started peaking. In my previous update on Friday, I recommended selling Gold@2001-2005. Currently, still holding that position and expecting further drops in Gold. If you look at the daily chart, you will notice that the highlighted zone has become a strong resistance for the Gold bulls. So, if this zone continues to hold, expect...

MarcellusLUX Updated  Nov 7, 2023

Dear traders, EUR/USD has reached the 1.0720 bullish target which I have been saying for 2 weeks. However, the price has overshot the target and extended well beyond it. That being said, EUR/USD has a chance of a pullback now. The price can reach 1.0660 in the coming days. So, watch out for bearish price action and and consider selling if you get the appropriate entry