Looking at the USD, we can see noticeable LHs forming on the daily. USD has struggled to break 12350 since October of last year. TL, FIB,and resistance at play.
Clear LHs are being formed. Came to test TL AND CTL for 3rd time, there is a fib at play, and reacting to daily support which is now turning to resistance
GU, possible signs of a double bottom and break, retest, continuation of trend line???
A new higher low has been formed on EU, something we haven't seen since the beginning of January of this year. Looking at the weekly, we can see a concerning evening star, however, I believe that it was a retest of a weekly level, 1.12150. Looking at the daily, it seems HLs are forming. The reason for my bullish bias is 3 taps of the trend line, retest of the...
With USD quotes having a massive bullish run last week, I am expecting the same for GU. GU has had a very difficult time breaking the weekly level of 1.27500, rejecting this level 6x in within a 10 day trading span. Looking at the monthly, we can see a solid doji. Looking at the daily, I like the odds of the break, retest, and continuation of the upper TL and...
I believe the bearish cycle since we've seen on EU since Feb of 2018 may be coming to an end. Starting at the month, if we place the fib starting from Feb 2016, and bring it to Feb of 2018, we can see that EU did not break the 61 Fib. The last 2 months ended in dojis and this month will end in a bullish engulfing candle, closing above 3 previous months. It has...
AU has been on a bearish run since Jan of 2018. We have seen bullish momentum this past week and is has created a new LL, however, it was a weak one. Looking at the higher TFs, 0.70500 seems to be a significant level, which took 6 months to break. Even looking at the flash crash, it needed all of the momentum to push back up past that level. I am expecting this...
UJ, has been forming LLs and LHs for quite some time. We can see some bullish momentum on the daily tf. I am expecting a retesting of the resistance area and a continuation to the downside. Fibs, zone, and TLs all match a strike zone. Be patient because it can hit 1 of the 2 TLs on your chart.
- Daily resistance - Fib -TL for 3x - over extended - May not hit previous support, could just be a correction
- HLs formed - bounce of TL 3x - Bullish engulfing/ tweezer bottoms
EJ has great bearish momentum on all higher TFs . Looking to add another position on EJ. 3 confluences for strike zone which are 2h resistance, which will be tested for a 3rd time, break and retest of TL, and between fibs.
On the weekly TF we can see an overall uptrend and the trend is out friend. We also saw a double bottom, along with a morning star and bullish engulfing candle, ending last week in its true form. Taking it down to the daily, we can see bearish pressure with those huge wicks. I am expecting a move back own to 1.82500 before it reaches 1.85000. Another reason why I...
Trend line seems very steep, so it will prob break past it. Your 61 fib on the left is in confluence with with D extension on lower tf. Could be a potential strike zone. Let's see how it plays out after Monday.
-break and retest of tl - 61 fib - daily support which now seems to be actin as resistance - dojis
EU has been on a very smooth downtrend since Jan. Looking at the daily, it seems as if EU will now begin making more move to the upside, especially with last weeks range engulfing. But, looking into the weekly, it looks as if everything has lined up to go short. 3 touches of the trend line (which has slightly been broke, but can be a false breakout), 3 daily...
Last week we saw some dollar weakness. Looking at the USD index, I can see that there is a bullish trend line at play that has been touched at the US open, which will probably give USD pairs bullish momentum. Looking at Aussie, a new LH has been printed, or so it seems. We had a HUGE psychological level which Aussie failed to break, which was .70000 with 3...