CAD/JPYCADJPY formed a falling wedge in the upward trend. Now the price in the support zone is accumulating near the 61.8% Fibonacci level.
Best regards EXCAVO
Foex
GBPNZD Long SignalGBPNZD Buy Stop :1.94809
SL 1.93711
TP 1.95906
RR 1
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This explanation is only my personal opinion only.
Trading financial markets involves risk, and is not suitable for all investors.
I am not responsible for any losses incurred due to your trading or anything else.
I do not recommend any specific trade or action, and any trades you decide to take are your own.
XAUUSD ShortFor Gold, I do see an opportunity to short on the 4H timeframe.
The Support Zones are based upon weekly support and resistance, so with this trade you are planning on holding it for a while.
I'm looking for price to push up to the 1488 zone and then spike down to around 1450.00
Remember that Gold is an emotional commodity, so it could blast through 1488 if there is a major world event.
I am waiting to see an opportunity for a short once I see a sizable pullback.
USD has more room to go upUSD's strength has been quite unexplainable due to the lower rates in the US now. Though some explain it as a safe haven move, seems investors don't mind the expensive USD to buy stocks. Currently price plays out very well the DB on the daily chart and is moving up nicely to its target. I would expect more strength for the near-term.
#RUBEURTime zones are specified;
If you climb to the yellow range you can go
If you fall, you can go to red areas
AUDNZD Potential Long Opportunity !!!AUDNZD retracing into key horizontal and fib support levels, with what looks like a dead cat @ 0.382 and Feb high.
50 and 100 EMAs on the daily could also act as support in between the 0.383 and 0.5.
Previous horizontal supports matching with the 0.5 and 0.618 fibs.
Obviously the 0.382 ,Feb high could still hold and waiting for the 0.5, 0.618 level could leave us missing out on a potential continuation to the diagonal resistance so its best to monitor the chart to see how the bulls react,
waiting for any signs of a reversal or the bears slowing down in these areas.
Stop loss under 0.618
Targets will be Diagonal resistance or just under at Aprils highs
Perfect fork and EASY PROFIT on NZD/USDHey folks,
Now we have very good sell opportunity on NZD/USD. And i think we will reach o.641 within a week. So take a look and consider it before making decision. Thanks.
Happy trade as usual
GBP/JPY POTENTIAL 3X TOPS + ABCD-Waiting for point D completion and a clear sell signal before entering
** Due your own due diligence before entering the trade
GBP/JPY – Flag PatternA classic bull flag pattern coupled with upward sloping 50-DMA and 200-DMA. The cross looks more likely to witness a bullish break. The immediate resistance is seen around 144.00 levels.
GBP/USD – no respite… despite oversold intraday indicatorsThe pair respected the falling trend line resistance yesterday and since then has been on a way route to 31-year lows.
The selling is so intense that technical correction does not last more than 20-pips.... this despite being oversold on 4-hr and hourly time frame.
Anyone out there who intends to go long on Sterling should ideally wait for a breach of the falling trendline or for a bullish price-RSI divergence.
GBP/USD – Bullish divergence worked, expecting a pullback nowBullish price RSI divergence seen on the hourly and 4-hour chart yesterday managed to push the GBP/USD pair well above 1.30.
At the time of writing, the pair was trading around 1.3076.
What’s next?
Divergence on the intraday charts usually signal pull backs, while those on the daily/weekly chart signal reversal. We have not seen any divergence on the daily chart… hence; it is too early to say that a bottom has been made.
Also note, on the hourly chart the 100-MA is sloping downwards and the RSI has hit the overbought territory.
Thus, we could see a pullback hourly 100-MA 1.3037 before another attempt at daily highs is made.
