KarYong

KarYong

Price bounced nicely to the upside after testing the 61.8% level. We are expecting price to make a move higher to complete the 3-wave structure.

KarYong Updated 

Price made a decent liquidity sweep at the previous high, and successfully broke the structure at the bottom. If we can continue to see price retrace correctively, we have a sell trade opportunity soon.

KarYong Updated 

Price made a decent liquidity sweep at the previous high, and successfully broke the structure at the bottom. If we can continue to see price retrace correctively, we have a sell trade opportunity soon.

KarYong

We are seeing a divergence between price and the RSI indicator at the moment. Price action has been coming down correctively as well. Short-term we are expecting a potential pullback towards 193. This opens up a short-term buy trade opportunity.

KarYong

Price made an impulsive break below 2675. If we can get a corrective retracement towards 2685 area, we may have a potential sell trade opportunity against the invalidation level at 2727 high.

KarYong Updated 

NZDUSD traded higher in a 5-wave structure, breaking the previous swing high at 0.5920. A 3-wave corrective structure will give us the additional confirmation for more upside potential. A long trade is favorable with a buy limit order with the 0.5860 - 0.5840 level against the 0.5790 invalidation level.

KarYong

Price made an impulsive bounce yesterday. We continue to remain bullish with a potential target at 77.50.

KarYong

We remain bearish bias and continue to expect more downside potentially towards 1.0885 and 1.0725.

KarYong

Price seems to be developing corrective at the moment. Overall we remain neutral. We'll give it some time before committing to any trade setup. If we can get a corrective structure development from here, we can expect more upside.

KarYong

Having a close inverse relationship with the Dollar Index, we remain neutral for EUR/USD as well. We'll want to see how price reacts around the 50% fib at 0.9770 area first.

KarYong

Price seems to be starting to develop into a corrective structure. If we can get a retracement correctively back towards 1694 and 1686 area, we have a decent buy trade setup with stops below 1660.

KarYong

Price made a strong impulsively move to the upside yesterday, breaking the overall downtrend line as well. As long as price remains above 1660, we continue to look for buy setup. Wait for a potential pullback towards 1681 and 1676 area.

KarYong

Price reacted off the 79.90 and 79.10 area nicely. If you do not have any buy trade at the moment, you can consider waiting for the breakout above the 83.30 confirmation level. As long as price remains above 76.55, we continue to remain bullish and expect more upside.

KarYong

Price tagged the 1.1110 area at the moment. If you have any buy trade, suggest to take partial profits here. We do expect a reaction and pullback towards 1.0875 in the near term.

KarYong

Price bounced off the 3608 level yesterday rather impulsively. At the moment we can start to anticipate a 3-wave pullback towards 3780 and 3825 area.

KarYong

Price may be developing into a 3-wave correction towards 1.0535 and 1.0465. As long as price stays above 1.0355, we can expect another move higher after this correction. Confirmation level is at 1.0835 with potential target at 1.1110.

KarYong

Price is currently testing the bottom of the channel and the 127.2% extension level around 76.90. If we can get an impulsive break above the confirmation level at 80.60, we can expect more upside from here.

KarYong

Price continued to move higher last Friday. Going into this week, we continue to remain neutral for now, and wait for a clearer confirmation before establishing any trade setup.