Gold breaks higher above $1208/09 levels and also takes out interim resistance at $1216 levels yesterday, in flash. The yellow metal is seen to be trading around $1218 levels at this point in writing, after printing highs at $1227/28 levels. Please note that $1215/16 levels would not turn into support levels for any corrective drops from here. Looking into the...
WELCOME TO DACAPITAL TRADING!! VIP SWING SETUP 4 HOUR Strong bearish train, expecting a pullback now! DAILY Unstoppable bearish movement, market need to push back WEEKLY Finally at a Support Level, market was in free fall, bullish run now! LEVELS BUY CHFJPY @ 113.150 SL @ 112.510 (65 Pips) TP @ 114.870 (170 Pips) RR: 2.57 Be patient about our Swing...
Gold rally towards $1196 levels instills further confidence that a higher bottom could be in place at $1182.66 levels already. The yellow metal may not produce another low before rallying further towards $1250/70 levels, going forward. Also, another push through initial resistance at $1208/09 levels will confirm that the yellow metal is in control of bulls and...
The US Dollar Index bears seem to be in control since recent highs at 96.16 levels, the fibonacci 0.618 resistance of the earlier drop as shown here. The index seems to be on its way towards at least 95.00 levels, before pulling back or retracing. Looking into the wave structure, the index seems to have in place Waves A and B already, with Wave B terminating at...
CHFJPY is approaching our first support at 113.95 (horizontal swing low support) and a breakout below this level might push price down to our major support at 112.12 (horizontal pullback support, long term ascending support line, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our...
CHFJPY is approaching our first resistance at 115.27 (horizontal pullback resistance, 23.6% Fibonacci retracement, descending channel resistance) where a strong drop might occur below this level pushing price down to our major support at 113.32 (horizontal overlap support, 50% Fibonacci retracement, 61.8% Fibonacci extension). RSI (89) is seeing a bearish exit...
THIS CHART RESPOND TO ALL MY PERSONAL CRITERIAS - PRICE HERE IS ON A RETRACEMENT ZONE + SUPPORT + 2 TRENDLINE + BULLISH HARMONIC PATTERN + YOU CAN WAIT FOR PULLBACK CANDLE FOR STRONGER CONFIRMATION TO BUY // PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
It seems that CHFJPY completed its retracement and its ready to continue up.
Riding the recent bearish trend after worries regarding Italy's budget eased a bit (market seems to be back to risk-off). Waiting for a breakout and will manually enter past 115 if hourly price action shows continued bearish momentum, with 1st TP near @114.5 (-100 fib level in hourly and daily charts), and 2nd TP @113.3 (0 fib level in hourly, daily and weekly...
CHFJPY is approaching its support at 115.29 (100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 116.28 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 7.8% where a corresponding bounce could occur.
Buy above 115.29. Stop loss at 114.71. Take profit at 116.28. Reason for the trading strategy (technically): CHFJPY is approaching its support at 115.29 (100% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 116.28 (38.2% Fibonacci retracement, horizontal swing high...
Short CHFJPY @ 117.50; TP @ 115.15, SL your choice
The Tidal Shift Strategy has just sold EURAUD at 1.61688. The system recommends entering this trade at any price between 1.61466 and 1.6191. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -3.43392, which suggests that the EURAUD could be trending downwards.The 14-period...
The Tidal Shift Strategy has just sold CHFJPY 0.18% at 115.983. The system recommends entering this trade at any price between 115.789 and 116.177. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -4.051, which suggests that the CHFJPY 0.18% could be trending downwards.The...
The Tidal Shift Strategy has just sold CHFJPY at 115.983. The system recommends entering this trade at any price between 115.789 and 116.177. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at -4.051, which suggests that the CHFJPY could be trending downwards.The 14-period Average...
PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ON THIS TRADE
CHFJPY is approaching our first support at 116.63 (horizontal pullback support, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong bounce might occur pushing price up to our major resistance at 118.03 (horizontal swing high resistance, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding...