OANDA:EURUSD \m/ Head and shoulders formed above with default projections at 200% fib extension (1.09533); Bullish crab and shark patterns projected at 1.09593 at 161,8% fib extension; Eventual double bottom: neck and validation point above 1.10956 (daily fractal resistance) & default target above one broken neck around 1.11997. Safe trades!
FX:GBPUSD Technical double bottom validated by the neck/resistance breakout | resistance above the broken neck | retracement to the golden 61.8% fib | 1st target for the pattern at previous structure highs (resistance above the neck) | default target for the pattern forming one eventual symmetrical ab=cd.
BITSTAMP:BTCUSD We still need the violation above the descending trendline resistance covering the most recent and previous highs, but breaking above it may trigger more upside momentum for bitcoin, validating one inverted head and shoulders with default projections around 8907.41 - the 200% fib extension.
OANDA:XAUUSD Projected at 1562 and above the monthly fractal resistance - one eventual bearish crab pattern extended at 161,8% fib extension. The pattern formation will suggest a retracement which may put the price trading back to the 38% fib projected at 15173 ( back to the weekly resistance now as potential support ) and the golden fib as a second target...
OANDA:USDNOK "10 Nov: Now rejecting the weekly resistance forged at 9.16481 after printing the new daily fractal above it, at 9.20410, forming one eventual right shoulder. Default targets below one broken neck projected around 8.86950, right at the weekly fractal support, which is positioned at 8.87520." - at Forex Analytix
OANDA:AUDJPY "We can identify three different patterns between 74.777 and the most recent 4h fractal resistance forged at 75.674. The ( orange ) bearish shark pattern, the bearish butterfly pattern ( blue ), and the three drives reinforced by the 4h fractal resistance. Default targets for the harmonic patterns between 74.177 and 73.504, the 38% fib retracement...
OANDA:XAUUSD "4 November: Weekly chart (2): We have the major fractals adjusted, with the monthly resistance now positioned at the previous highs at 1557, few points above the default projection for the cup and handle formation printed below, and the monthly support also adjusted at 1266, the handle. Starting the week trying to recover the previous trendline...
OANDA:SPX500USD
OANDA:EURUSD Bulls are now facing multiple trendline resistance above one technical double bottom broken neck!
OANDA:XAUXAG
TVC:DXY Weekly and daily fractal resistances positioned at 97.44 with support at 96.67; Targets for the eventual inverted head and shoulders at 99.14; Bearish shark patterns projected at the default fib extensions, between the 161.8% and 224% fib levels, with the 224% projected right at the monthly fractal resistance, forming another symmetrical behavior, very...
OANDA:WTICOUSD For more analysis please visit www.forexanalytix.com, you'r welcome! ;)
FX:GER30