D1
AUDUSDHeld down by 100 and 50ma
Held up by strong support on D1
Help up by 200 MOVING AVERAGE ON H4
Volume required to break range and beyond upper averages.
H4 RSI suggests a buy
H4 100 MA crossed up over 200 MA
H4 MACD suggests buy
D1 MACD suggests buy continuation
Buy Signal : Volume Move beyond 100ma (magenta) and 0.382 fib (0.7050) along with
pullback that holds no lower than 0.7050.
Resistance expected at 0.7436 (50ma) to 0.7450 (price resistance)
Price and change before Sunday and Monday. Brexit polls this weekend! Trade clearly or not at all.
EURUSD VIEW ON 30-3-2016WE ARE LOOKING AT THE MOMENT THE PRICE REACHING THE PAST RESISTANCE LEVEL ,WATCHING THE HIGHEST CLOSE SINCE OCT-22, THE PRICE IS NOT SHOWING ANY IMPORTANT PRICE ACTION TO THE MOMENT SO WE MIGHT SEE THE CURRENT MOVE TO THE UPSIDE CONTINUE TO THE WEEKLY RESISTANCE AT 1.1468.
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Long USDJPY: Long-Term TL Support + Fib Cluster + EngulfingUSDJPY has formed a bullish engulfing candle on the 1HR chart, indicating possible upcoming bullish movement. The candle is supported by a strong 12-month-long trendline that price has respected 3 times previously dating back to January, 2015. At the PRZ, a bullish pinbar has formed on the daily chart. The wick falls on a series of fib levels from structure lows to structure highs, adding to the probability of support in that area. Entry is placed at the broken horizontal resistance on the 1HR chart with SL at the .886 retracement and target at the unhit monthly pivot for January, 2016. This setup yields a R/R of about 5.6.
AUDUSD Short: Shark + Wolfe + S/R + Trend ContinuationAUDUSD is nearing the PRZ of a bearish shark in a S/R zone that is confluent with the a bearish Wolfe Wave setup. 200 EMA and SMA may add resistance in this area. To add to bearish bias, this pair has been in a strong downtrend and this would give us an opportunity to ride it down to the .886 fib if price should reach the PRZ. Entry is placed at the shark pattern completion point with a SL above 1.272XA/Moving averages and targets at .618CD, C point, and the .886 fib retracement level.
Bearish Confluence:
Bearish shark pattern completion
2.272AB=CD
1.618BC Projection
Bearish Wolfe Wave setup
S/R Zone
200SMA Resistance
200EMA Resistance
Trend Continuation