Dollar Index - chances for more than 5% returns FOLLOW SKYLINEPRO TO RECEIVE UPDATES.
DXY is at later stages of wave (B) down, a counter trend ABC pattern after a 5 wave impulse up (A). The next pattern should be a C wave which will bring the index to levels above the March 19 high. In the alternative scenario If wave(B) is not finished yet, the final stop could be between 96.4 to 98 before moving up. to above March 19 high.
Fxtrading
GBPCHF Selling rallies twds 1,2150/2200 medium termHi Traders,
bulls were able to recover after huge sell off and now the question is if they can saty above 1,20.
Currently we are testing important supply and I do think we should see sellers reaction shortly.
Selling rallies towards 1,2150/2200
Stop above 1,2320
First Target around 1,15
Second Target around 1,1200/1150
Good Luck
USDJPY bullish falling wedgePair has formed easily recognisable falling wedge pattern. Retracement was complete at 50% fib. I put very conservative target, but par will most likely go to previos high at 111.60
One more down swing is possible, but a shallow one to previos low. We enter at break of resistence line. Trade is again marked as 2 RR, as usual.
EURCHF: SNB is not going to win here, selling rallies...Hi,
EU data weak or very weak or ugly if you prefer
Spain,Italy,Greece lowering GDP prediction even more
Rumors that SNB is around did not help here so....
Looking to sell rallies 1,0550/1,0620
Stop: Two consecutive daily close above 1,0640
First Target: 1:1
Good Luck
EURUSD intraday: Selling rallies towards 1,0980/10000Hi,
bulls were unable to close above 1,1000/40 on higher timeframes ( weekly/monthly )
There are rumors tha banks in China and in EM coutries are looking around for dollar ( dollar shortage )
What I noticed last few days taht each dollar weakness been bought twds EOD
Selling rallies towards 1,0980/1000
stop two consecutive daily close above 1,1040
First Target 1,0780/50
Good Luck
AUDUSD huge supply ahead, selling rallies, 0,6 first targetHi Traders,
we are approaching huge breakdown level and I do expect bigger activity from sellers medium term.
Im looking to sell rallies towards 0,6640/80
stop above 0,6740
and Im looking for:
1. 0,60 is as first target
2. retest the lows ( around 0,55 ) and...
3. as a bonus 0,5 ;)
Good Luck
GOLD RARE H&S CHART PATTERN Traders,
Here we have CFDs on Gold Daily chart.
For the first time looking to the chart, You will see a H&S chart pattern quality 50% many analysts will be variable in drawing neckline here, but there is no way to draw the neckline except this forming a rare H&S connected with MA lines and with a good reasonable ration with many fakeouts in the next few days.
Regards,
Mohsen