At the moment on our chart, we are seeing a decrease in quotations, after the price has reached the level of 1.1410 and a turn from this point. Our technical indicators point to a sale. Therefore, taking into account the general trend in the pair, we believe that the pair will continue the downward movement. Currently, the pair is consolidating at the 1.1330...
The EURUSD pair seems to be bound in a range between 1.1500 and 1.1300 levels since last several trading sessions. The higher degree wave structure still remains constructive for bulls with a potential rally towards 1.1650 or 1.1800/20 levels. After printing an impulse wave lower from 1.2550 through 1.1300 levels, we are expecting a 3 wave corrective rally to...
GBPJPY is approaching its support at 142.53 (61.8% & 100% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 145.72 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 1.7% and there is...
EURUSD is finding support at 1.1330. Buy long till 1.1450, or 1.1585.
The EURUSD remains unchanged from what was discussed earlier and seems to be on track towards 1.1650 levels at least, until prices stay above 1.1213 levels. It is seen to be trading around 1.1420 levels at this point in writing and should continue pushing higher towards the above targets. Please note that a push above 1.1500 levels would confirm and accelerate...
The small inverse H&S shows we might be moving up directly from the opening later today as we can see on the left. If that happens i will try to get in and catch the momentum of that H&S. Long term picture is starting to look more bullish now, but there is still a long way to go for that. That wedge is not a beauty but as long as we stay above that green support...
Being quite optimistic with this view but expecting strength in the EUR even for the short term. This current move could easily become an expanding flat of the overall B wave correcting our first 5 waves. I am looking for buys all the way to the 50% retracement between the High and Low of the 5 waves (the tip here would be only use the top and bottom of this...
EURUSD is approaching our first resistance at 1.3948 (horizontal swing high resistance, 61.8%, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1336 (100% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and...
long usd against euro. Trade setup ready. Sl 1.13, tp 1.15. Based on EWA. enjoy your ride:)
The triangle can be a continuation or a reversal pattern. Although, more often it is a continuation pattern. There are three types of triangles: symmetric, ascending, and descending. For trading purposes they are all the same, the just look different. A triangle forms when the price action narrows over several price swings. If trendlines are drawn along the highs...
The EURUSD is seen to be trading around 1.1360 levels at this point in writing after having carved a higher low at 1.1305, on Friday. Ideally, it should remain above 1.1213 levels going forward, to keep the medium term bullish structure intact. At a higher degree wave count, EURUSD seems to be unfolding into an (A)-(B)-(C) correction since mid August 2018, after...
Thats not an investment advice. Just a forecast. -DYOR -YTD
On the chart we observe that the pair opened with a gap in favor of the euro and headed up. The last candle has a large upper course and turns around. In the case of continued decline, we believe that the pair will rush to the level of 1.13 and below to 1.1260. Therefore, we advise you to look for points to enter short positions and consider with your goals at...
CADJPY is approaching resistance at 85.93 (61.8% Fibonacci retracementx2, horizontal swing high resistance), where it could potentially reverse down to its support at 85.48 (61.8% Fibonacci retracement, price gap). Stochastic is approaching its resistance at 94% where a corresponding reversal could occur.
Monthly and Daily Direction is Down This is a pullback trade in a multiple time frame resistance level The Daily Kejun Sen is 1.13580 The Daily Tenken Sen is 1.13510 Additionally the 60 cloud is very thick which provides substantial resistance Entry = 1.1353 (the 60 min Kejun Sen) Stop = 1.1390 (10 pips above the Senkou A) Risk = 37 pips PT = 1.1123 (10 pips...
Alright this week is going to be big for EURUSD. Last week we ended up with a higher high and a higher low! When the market opened up today at 5 it showed strong indications of a continuating trend upwards. Now Id probably wait a little bit for this hourly pip to come down a little, but be ready for a long! 1H MACD is showing a potential crossover, and our daily...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.