gbpchf short opportunity gbpchf has reached a supply zone. we also see that there is bearish divergence indicating that the bullish momentum is slowing down and that there can be a trend change occurring soon.
GBP-CHF
AUDUSD Approaching Resistance, Potential ReversalAUDUSD is approaching its resistance at 0.7242 (76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 0.7147 (23.6% Fibonacci retracement , horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a reversal could occur.
AUDCAD Approaching Resistance, Potential ReversalAUDCAD is approaching its resistance at 0.9574 (61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.9464 (38.2% Fibonacci retracement, Horizontal swing low support).
Stochastic (89, 5, 3) is testing its resistance at 98% where a potential reversal could occur.
EURCAD Approaching Support, Potential BounceEURCAD is approaching its support at 1.5094 (61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.5225 (23.6% Fibonacci retracement , horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
EURJPY Testing Resistance, Potential ReversalEURJPY is testing its resistance at 125.06 (38.2% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse to its support at 121.86 (50% Fibonacci retracement ).
Stochastic (89, 5, 3) is testing its resistance at 98% where a corresponding reversal could occur.
AUDJPY Approaching Resistance, Potential ReversalAUDJPY is approaching its resistance at 78.79 (61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is could potentially reverse down to its support at 75.75 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
EURJPY Testing Resistance, Potential ReversalEURJPY is testing its resistance at 125.06 (38.2% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse to its support at 121.86 (50% Fibonacci retracement ).
Stochastic (55, 5, 3) is testing its resistance at 98% where a corresponding reversal could occur.
GBP CHF BUY (POUND STERLING – SWISS FRANC)Hi there. A medium – longer term view for this 2019. Price should make one more up move to complete the pattern. But remember, trade with care because on 14 January there is parliament brexit vote. Price can go up or can go down. Let’s see how it behaves.
EURJPY Approaching Resistance, Potential ReversalEURJPY is approaching its resistance at 124.67 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 121.86 (50% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Nikkei Approaching Resistance, Potential Reversal!Nikkei is approaching its resistance at 20228 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse down to its support at 19017 (100% Fibonacci extension, horizontal swing low support).
RSI (55) is approaching its resistance at where a corresponding reversal could occur.
GBPCHF| 1HR| SELL==> FIND THIS USEFUL?: LEAVE A LIKE AND FOLLOW
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GBPCHF SellAfter recently bagging over 100 pips on this pair, we have a quick day trade opportunity with price currently at channel support we can expect some profit taking and a ride down to nearest support.
EURJPY bounced off support, potential of a further rise!EURJPY has bounced off our first support at 127.45 (horizontal swing low support, 61.8% & 100% Fibonacci extension) where a further rise might occur above this level pushing price up to our major resistance at 128.52 (61.8% Fibonacci extension, 38.2% & 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55,5,3) has bounced off its support and we might see a further rise in price.
GBPCHF - Continuation PatternHey!
We have a continuation pattern on the GBCHF called Bull Flag.
To confirm bullishness we have to get at least 1H candle close above the bull flag and above the red trendline.
Last weekly candle got a pretty nice rejection from the bottom - Double bottom formation - and now the breakout from the bull flag will confirm that next leg upwards.
A possible scenario is also a break above the red trendline and above the bull flag, retest those and then it is ready to go!
Follow your money management and trade with care!
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice week!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
US Dollar Index resumes Wave (C) lower against 97.71 levels?The US Dollar Index has reversed lower after printing highs at 97.71 levels last Friday. It has also produced an engulfing bearish candlestick pattern on the daily chart yesterday indicating a potential bearish reversal ahead. It is seen to be trading around 97.13 levels at this moment in writing and a break below 96.36 levels would confirm and accelerate further downside. Looking into the wave structure, the US Dollar Index seems to be carving out an expanded flat (A)-(B)-(C)? as labelled on the chart here. Waves (A) and (B) seem to be already in place at 93.81 and 97.71 levels respectively. If the above structure holds to be true, we could witness a sharp drop towards 93.80 levels at least and even further, as Wave (C) unfolds into 5 waves, going forward. Ideally prices should stay below 97.71 levels, if the above structure has to remain intact.
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GBPCHF: 1D Channel Down. Short.The pair is trading within a 1D Channel Down (RSI = 37.117, MACD = -0.009, Highs/Lows = -0.0025, B/BP = -0.0105) on a very steady pace that is technically looking for a new Lower Low near 1.22500 (which is the 1W support). Although it is past the 1D support we will take a safer short term sell with TP = 1.23950.
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CADJPY Reversed Off Resistance, Potential For Further DropCADJPY reversed off its resistance at 85.19 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 84.68 (61.8% Fibonacci extensionx2, 38.2% Fibonacci retracement, horizontal overlap support).
Stochastic (34, 5, 3) reversed off its resistance at 96% and there is bearish divergence with price where a further drop could occur.
GBPCHF FOR LONGBased on the Daily chart and CHF news today, we experience a strong impulse on GBPCHF. Most likely, GBPCHF will be a long.
TP: 1.259-1.267
AUDCAD Bounced Off Support, Potential For Further RiseAUDCAD bounced off its support at 0.9573 (76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 0.9725 (61.8% Fibonacci extension , 76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 2% where a corresponding rise could occur.
