USD / JPY Long USD / JPY trades in range on Daily chart. Looking on monthy chart we can see possible rally in the future. I see this as bullish opportunity.
Wait for price to come down to lows at 108.300. Set your target at previous tops. :)
Bias
AUDCAD Technical outlook D1/H4AUDCAD failing into dynamic range once again, with a possibility of a breakout to upside delivering a continuation of this bullish IRR retrace. On the other hand a break to the downside of this pendant will give us a better indication to where we should place our entries to trade this pair.
GOLD 1M OutlookAs Gold continues to show its bullish run and possibly a continuation of its trend. high target may be achieved as long as price holds above 1263.00, Targets of 1300 , 1340.
For the month, it has come back down to Equilibrium to run any long stops, and is now finding its way to retest the high of 1360 before distributing down to the Monthly OB, which is 70% retracement before heading into key zones of 1400.
AUDCAD 1D OutlookAud appraoched its 3rd retest of 1.03242 on a month time frame, On the day chart it has not broken its ascending channel, looking for a lower approach
AUDUSD Monthly TFAs AUDUSD approaches a heavily respected Resistance at 0.77196 which has failed to be breached since 2015 early 2016, breaking price 0.7600 will push price back into its intra-day short
NZDJPY Cup & HandleCup And Handle Being formed on the Day Chart and 4H time frame, price is now consolidating and looking for price to head for the highs, looking for price to stay above 80.500 as it it currently being respected for price to move to OB at 91.900
USDCHF 1H Broken Trend USDCHF has broken its trend line and now retesting the trend , As the dollar weakens looking for price to proceed lower, 200 and 50 EMA has crossed on the 1h, 45, and 30m Time Frame
GOLD Daily gold prices has fell to a two week low today as the dollar strengthens as yellen stated the importance of increasing rates and possible hike in march ,currently trading with an intra-day high at 1228 and a low at 1216, still looking for price to push up to 1254 before heading back down to 1200s then 1180
EURGBP H&SEURGBP Heads and shoulder as the process for Brexit continues, the right shoulder is being formed, looking for a downside to the previous bullish OB
Oil ExplodeCrude oil has been trading at high levels and is now consolidating at $54, looking for an upside to $60
GOLD DailyStill quite bullish, previous weekly resis level 1182 with a hammer forcing price to shoot up towards 200 ema to begin eliminating previous highs, as the dollar weakens
GBPNZD Long Idea Price has strongly broken above 1.71500 and has currently held very well. We can also see a bullish continuation pattern off the price level of 1.71500.
I will be look for a target of 1.75000 for the up coming week , if we manage to sustain above 1.72000.
We have also had a fairly good bullish close to the day on 20/01/2017 which adds to the long bias. Trying to keep it simple not complicated.
AUDUSDThis pair no seems to have broken a key area 0.72200 and price has held firmly above it , closing the day with a big bullish candle. My bias for now midterm is bullish , as I believe we may see price hit at least 0.73700. However as we have NFP out on the 06/01/17 we may see a possible re-test of 0.72200 which is just slightly under 90 pips or so from where we are currently. However my overall bias is long midterm.
GBPJPY SHORT BIAS?This is not a signal but expecting more downside on GJ despite the earlier bb% break's long favour. Current yen-strenght and on 3m projections a 1.618 confluence? Good R2R
EURUSD LONG The pair isnt giving us much to play with on the lower TF's but anticipating a flag break up north. A break of support would invalidate this idea.
EUR USD Short term bullishness followed by long term bias bearin favour of the bearish move as this will be a greater move in the case of the EURUSD, Main confluence based on the liquidity found below. and weekly is in consolidation but i believe it is prepairing for a move down.
other economical confluence caused by terrorism and slow economical data including brexit.
USDJPY REVISED PROJECTIONSHello traders,
After the BoJ fiasco I had to restate my assumptions and my long term bias on this pair.
It seems as though the BoJ wants to drive price below 100.00
before announcing massive QE programs to address their debt issues.
A strong yen will highly impact exports on the downside and they don't want that.
Even though I was anticipating this from much earlier that wont seem to happen in the near future.
As instead the bears will hunt USDJPY further down the road.
.
So it's very dangerous calling a reversal at this point and very risky indeed.
If you didn't go short on the initial move its highly recommended that you stay out of shorts either.
There are many supports in between and a lot of structure below this level.
My analysis shows certain prices to keep an eye on.
Don't use this information as a signal because the signal should be generated depending on
how the price behaves around those areas. Wait for PRZ to be tested. And act accordingly.
If you see price showing a complete disregard for these levels might as well follow the trend.
Trade safe, trade well.
USD/CAD - LongDescending Wedge, albeit a little sidewards. Currently at the bottom of the channel. Buy Long orders but be wary of longer term bias/sentiment.
3/08/16 LONG/SHORT GBP/JPY?My bias is towards the downside
If price action falls below 155.00 psychological level might go short.
Targets at 0.764
AUDUSD potential future tradesThe weekly channel that the AUDUSD is in is still holding strong and may hold strong for weeks and months to come. AUDUSD has been climbing upwards recently before ever breaking below or even touching the 0.6800 handle.
Because of this, I will be watching for two possible outcomes.
1.) Price reaches the upper edge of the channel and gives a SELL signal - I will take a sell trade at this point.
2.) Price comes back down and finally breaks the 0.6800 level and gives a SELL signal - I will also take a trade at this point.
Either way, I am on the sidelines for now, keeping my eyes on this.
EURCAD: TRIPLE TOP. REMAINING BULLISHPRICE IS APPROACHING A TRIPLE TOP FORMATION AT A MINOR MONTHLY SUPPLY LEVEL
PRICE HAD MADE A NEW LOW FOLLOWED BY A LOWER HIGH, HOWEVER PRICE THEN FAILED TO MAKE A NEW LOW BRINGING PRICE BACK UP TO THE 0.618 FIB LEVEL.
A CLOSE ABOVE 1.565 LEVEL FOR A CONTINUED MOVE TO THE UPSIDE WITH TARGET OF 1.623
WHICH IS ALIGNED WITH THE 0.764 FIB AS WELL AS 1.27 FIB EXTENSION!
ANOTHER REJECTION OF THE 0.618 LEVEL FOLLOWED BY OTHER BEARISH CONFLUENCES WOULD SEE PRICE FALL BACK DOWN TO PREVIOUS DEMAND
1.141
