GeorgeZii

GeorgeZii Updated 

USD/NOK surged nearly 4.00% this week already. This was mostly fired up by the buying appetite of USD bulls. We noticed that the pair was moving in a correction direction during the last week whose results appeared this week. But now, we see that our pair is moving very aggressively to form new highs, which triggers bears interest to sell after a bullish...

GeorgeZii

USDCAD is perfectly moving in this up road channel on its way to recovery. Although we've seen a lot of bullish action lately and... this needs a correction before continue going up. However there are two scenarios here, one of them would prove that USD is very unpredictable currency. 1) USDCAD breaking the upper bound of the channel and make another leg up;...

GeorgeZii

After a long-term Cup and Handle pattern, EURCAD is ready to take off higher. For the time being we see that our pair is moving charmly in an ascending channel. 4 touches on the support already have confirmed its toughness and now, along with other confluences such as Fib levels, we will rely on it to place our longs on the next touch of the support. Good luck!

GeorgeZii Updated 

Pair has surged ~2% during the last week reaching a multi-week high and fell from it several days ago. Price seems to have bottomed below 9.00 level, from where it jumped up suddenly. We now notice that a bullish flag is slowly being shaped and is able to break at any time, opening the gates for 9.15 and then for further bullish waves, assisted by the ambitious...

GeorgeZii

USDMXN started plummeting on USD weakness, because the american currency is the big driver of the pair, and not the MXN. Recently we noticed that price was moving in a bearish wedge which is broken now. These patterns are mostly signaling reverse and medium to long term bullish scenarios, so plan ahead. Below the last wick of the unlucky seller we would never...

GeorgeZii

Price has been forming higher highs and higher lows for months now till the end of August. We had a failure to break the 1.10 level and then after 2 weeks we saw a Lower High on the daily chart. That is the first signal that the bullish trend may be coming to an end and the start of a bearish trend is beginning. The only thing we have to see now in order to...

GeorgeZii

Price is shaping a very clean cup and handle pattern, which is most likely to be validated by price making a small correction (the handle of the cup) after hitting the resistance. And then we might see fresh new wave with level 0.90 being our final target while price may make a little pause when it reaches the next high around 0.89.

GeorgeZii

Price completed an impulse wave series and entered a corrective phase which means that we expect medium-to-long term bearish movements. The first correction wave completed successfully and we are now located just before the end of the second wave. We notice that the market doesn't allow price to break above the highs in the recent candles, which means that...

GeorgeZii Updated 

More and more pressure from the selling side is put on AUDCHF. The pair completed an impulsive leg to the upside during the recent several days. After the wave our next expectation is the correction ( or the reversal if we are not speaking of an impulse wave anymore ) So in this case here, we have two equally likely scenarios: 1. Bullish; the buyers hold the...

GeorgeZii Updated 

The most significant of them all. Brexit talks end on 15th Oct, as UK PM announced on the start of this week. Meaning of that, GBPUSD started plummeting and now it has reached one of the most crucial dynamic S/R's of the recent history of the pair. Once the wedge is broken, then I expect aggressive selling which is likely to end at 1.23 level which is considered...

GeorgeZii Updated 

Our pair reached the most significant resistance level after 2 weeks of strong bullish power. I expect strong rejections on the zone and retracement to the closest to us Fibonacci level which is 38.2%. After that, our next target would clearly be the 70.xx psychological level, which includes high volatility.

GeorgeZii Updated 

Euro has been rallying to the skies for months now and that's more than obvious in EURUSD and EURJPY, but in general the latest months were bullish for the European currency, which clearly means that it can't go higher at least for now and without a correction. However, the following months will be crucial for the European which means that we might see a bearish...

GeorgeZii

The price came up from the oversold abyss of the recent days and made a small correction. However, we're still in a medium-term and long-term bearish bias. That means that we will never look for big swing longs unless we see a massive break of some significant trendlines. Although for the time being, we can look for some short-term long trades like this one in...

GeorgeZii

Our pair is move harmonically in a bearish channel after having broken a long-term support trend-line, where I expect the price to return to soon enough. USD shows recovery signs this week so it's a nice time to look for bullish scenario. However the bullish trend could happen either after one more touch of the lower boundary of the channel or after the bullish...

GeorgeZii

Our pair used to move in a bullish channel for a long time. Recently the uptrend momentum started fading out and we noticed that Euro-Yen was moving in a smaller bearish channel inside of the bigger bullish channel. Today we see that the price violated the lower limit of the bullish channel which indicates a possible bearish move to the closest big support which...

GeorgeZii

Today we managed to see the major breakout of the critical 1.32xx level, which is a very very strong signal to further upside, however, the pair needs to exhaust the bulls before trend upwards. Fortunately, the 50% of the breakout impulse is the vital resistance (support now) which is my bet to hold the price. I expect continuation from that level. Thanks!

GeorgeZii

Price hasn't managed to break above this weekly resistance after 3 times this year. If we see a breakout it will be new year highs, which isn't something we can predict right now, so we will stick with the trend reversal plan and we will look to short this pair as far as we have the next opportunity. I highly suggest a stop loss placement above the major cluster...

GeorgeZii

Our pair has formed a very lovely pattern that will attract many bulls if it follows the way I will rely on. First of all, we have a descending triangle that was recently completed. Note that this triangle is a continuation pattern so we have to see a bullish breakout somehow, but in order to make it happen we need to gather some bullish momentum that will...