BTCUSD It's ime to buy crypto !US Federal Researce havn't made decision to
implement cryptocurrency eat. BTC is gradually
rising and just broker the pattern triangle on
point 4m which is the signal for the next move
up to 11800 level.
Amiran
USDAUH Close you your profit and wait a bit !Price has just reached Target 1, great place and
time to fix the profit and relax. Now we need
wait for monday, in my opinion Target 2 will
be also reached during next 2-3 weeks, if
there will not be any fundamental changes
EURUSD Forecast VS Actual Expected movement which I have offered is done.
How I would recomend to close yout profits and
wait for monday. Fundamentally - US unemployment claims was
negative today (Last 845K, New 898K ), so it is good time to
relax and wait market reaction
GBPJPY Close profit and start a new rally !The pattern wedge has worked well, now
price has stopped on fibo 50% level of last
trend on daily chart, if price will cross this
level, you can trade to next fibo level 61%
(138.92)
EURUSD Looks like short for short term !Checkout the trend channel 1,2,3,4,5 - which
shows expected movements. Usually parallel
channels are crossed on point 5, so now you
can trade to point 5 and then after crossing.
But follow the fundamentals, anyway technical
analysis is only for entry and close level
calculation
Also check the related link for long term forecast
EURUSD Why I am selling EUR ?! EUR is overloaded, it's risky to go long now. I expect strong sell for next several days, BUT this is my expectation based on sentiment and fundamental analysis, so we need a proof and spetial technical signals to go short, we need exact points and targets. On H4 chart I see strong pattern sperandeo, which can give as that targets
T1 is first and the most important trendline for paattern Sperandeo, when price will cross this trensline, we can go short
T2 is the first take profit target for T1 signal
T3 is the take profit target for traeding from T2
How to use Horizontal lines in a right way?Horizontal lines ar crucial to find the best stop levels, but they can give you much more information and also trading opportunities. Try to draw them in a right way and I am sure thay will help you.
USDJPY following last signal ! Close your PROFIT !Correction of the last signal ! Close your profit, price can change its direction, due do US unemployment and payroll data. So we can make decision only after this news...
EURUSD Following last signal !Following last signal, inside the pattern triangular another pattern head and shoulders was formed, which can be the argument that price will cross T2 trendline. But we can make final decision only after crossing
USDTRY following last signal !Following our signal on USD TRY (Posted one week ago). Pattern sperandeo was not formed ideally, but signal was right, still the target is S1 support level 5.9880
Positive signal for Euro VS USDMonday morning, great week ahead - unemployment data from Europe, Non-farm from USA. But today more concentration on technical analysis, check pattern bullish Head and Shoulders on EUR - USD currency pier (H1 timeframe). If price will cross T1 trendline- the target will be 1.1023. Be careful as it is Monday and price still can test 1.0905, last week lowest price. In this case formation of bullish double top pattern is possible, if some fundamentals will not push euro down again.
Follow up USD CHF singal Follow up USDCHF technical analysis. Yesterday Sep. 3, we have posted analysis on US - Swiss currency pier, the pattern wedge were broker on Asian session today. This fact is a good signal for short term trend formation - correction of USD bullish period. We have also predicted USD trend correction to major currencies and yesterday US Manufacturing PMI pushed traders, the index dropped from 51.2 to 49.1, lowest since 2017. Actually this data is surprising and paunch to Trumps politics, I will remind you that PMI is the survey of purchasing managers and shows health and power of manufacturing industry. Lets listed to New York Fed president Williams speech today.
EURUSD - Wait 24 hrs Interesting situation on EURUSD chart today. Fundamentally you need to focus on US-China trade war positive messages, which cause sharp gain of US currency on Friday. Today banks are closed in USA, due to labor day, so markets will be calm after European session. More attention on technical analysis, now EURUSD is trading at 1.0989.
Two main aspects of technical analysis:
1. Pattern Sperandeo on H1 Chart, already crossed 1 resistance trend line, great signal for short term buy till 1.1027.
2. Resistance N1 - 1.1027 (Asia market open on Friday ); Resistance N2 - 1.1068 (Fibo 23) ; Support N1 - 1.0961 (Fibo o.o level); Support N2 - 1.0918 (Fibo 161 level);
Have a successful week.
Mexican Peso ShortGreat opportunity for trading on US dollar - Mexican Peso currency pier. On friday price has formed pattern "double top", after crossing support 20 20.0512 we predict drop to 19.8550
The end of pattern Triangle I recommend to close your profit and wait for US session, also we have some important news from UK, about Braxit. Later today I will explain more ...
USD-TRY forecast and short term analysis As we posted last week, USD-TRY prise sharply crossed 5.6000 level, now trading around 5.7640
We think that before TCMB meeting price will be above our 5.7760 (R1) target, as we mentioned before 25 october is important to make longer term forecast. But it must be mentioned that USD is advancing versus major currencies from monday, so the price of Lira dropped to 5.70 not because of negative trend for Turkish currency, but due to USD fluctuations.
Targets:
Resistance - 5.7760 (R1); 5.9092 (R2)
Support - 5.7168 (S2); 5.6456 (S1);
Important topics which had an impact on currency market, during last week:
* Kashoggi crisis
* Berat Albayrak“Fluctuations in...finance sector have ended”
* Trump - "Feds going loco!"
* Brexit stuck
* TCMB release
Amiran Azaladze
amiranazaladze@gmail.com
