FXCM PLUS Trading Signals The Tidal Shift Strategy has just sold AUDJPY at 78.885. The system recommends entering this trade at any price between 78.65 and 79.12. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 7.486, which suggests that the AUDJPY could be trending...
At the moment, our pair stopped above the level of 1.1540 and did not overcome it. In the case of breaking through this mark, we expect the upward movement towards the level of 1.1590. Our technical indicators are not reflecting a clear position now, as Stochastic has not emerged from the oversold zone yet , and MACD is still in the negative zone - that is why...
The EURUSD hourly chart story could be unfolding into potential wave c lower towards 1.1460/70 levels. That is also fibonacci 0.618 support of the entire rally between 1.1300 and 1.1730 levels respectively. The drop from 1.1730 levels could also be labelled as a potential w-x-y -0.20% complex corrective wave structure, not shown here. To simplify, we could assume...
EURUSD approaching support at 1.1536 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its support at 1.1645 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.
Buy above 83.92. Stop loss at 83.17. Take profit at 85.11. Reason for the trading strategy (technically): CADJPY is approaching its support at 83.92 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where price is expected to bounce up to its resistance at 85.11 (50% Fibonacci retracement, horizontal pullback...
Hi Dears, EURUSD made head and shoulder pattern. If the support area is lost, it will likely be bear market. But remember that nothing in this world is 100% Good Luck
This is my analysis for the EURUSD for the week of Sept 9-14, 2018! If you saw my most recent markup, you know I'm feeling bullish on the DXY, so conversely I see the EURUSD dropping this week. This was easiest for me to show and explain on the weekly time frame. All the way back in February 2015 we began seeing strong resistance in the 1.135-1.143 region which...
PLEASE CONFIRM BY YOUR OWN ANALYSIS BEFORE TAKING ANY DECISION ONTHIS TRADE
At the moment, our pair is pointing up and the technical indicators point to the purchase. On the chart, we observe that the pair either makes an overstated shoulder in the case of the Head and Shoulders pattern, or forms a new vertex. Considering a number of factors and macroeconomic indicators, we believe that the pair will continue the upward...
My bet is that the downtrend will resume, can't see more upside from here until we break above 1.1750 so until then we are shorting rallies. SL 1.15ish TP1 1.1535 TP2 1.1380
The EURUSD hourly chart suggests, that a meaningful low could be in place at 1.1530 levels and that a probable direction from here could be on the north side. Please note that the confluence of a previous wave 4 and a nearly 50% retracement at 1.1530 remains a valid point to assume that Wave B could be in place. If the above wave count and structure holds, we...
EURUSD is approaching its resistance at 1.165 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, overlap resistance) where a reversal to its support at 1.1595 (50% Fibonacci retracement, horizontal pullback support) could occur. Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop could occur.
EURUSD is approaching our first resistance at 1.1654 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1595 (horizontal pullback support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our resistance and a reaction...
In my opinion it will go down till 1.1603-04 and then again up.
ricks your own profit margin
In my previous analysis, after a bearish divergence, I decided an ambition target in area 1.1450. This week, after a study of the options (that will expire Friday) I changed my target, and I closed today my trade at 1.1550. Now, always on the 4-hour chart, there is another divergence, this time bullish. The breakout of the blue trendline will give the signal....
On the chart we see that our pair begins to form the “head and shoulders” pattern. The shoulder level is at the previous level of the “upside-down head and shoulders” pattern that preceded it. We believe that now the second shoulder is formed and the pair is aimed at the neck level. Therefore, we advise you to consider opportunities for entering short positions.
With the break above 1.1700, the breaking of the 1D Channel Down was confirmed and despite the currently neutral numbers (RSI = 52.012, Highs/Lows = 0.000, MACD = 0.0000), the pair is a better long option for the short term. As a result we have closed last weeks short with small profit and instead open a long now with TP = 1.17310. If 1.1755 breaks then the 4H...