Kxeroo

Kxeroo

It is very clear to me that the EURUSD pair is trading over the top of a channel and expecting a serious resistance.

Kxeroo

I believe there is a very storng resistance at 1.9400 and I am expecting a reversal at or around 1.9400. So from this point onwards I am looking for a reversal pattern to take a trade.

Kxeroo

I am expecting a correction of a uptrending USDJPY pair. If the day closes below the trend line it is very likely that it will test the demonstrated areas.

Kxeroo

Hi there everyone.. Here is another good setup formed. After yesterday's huge sell candle (with a very nice volume spike I must say) today the market picked up and recover all those losses at the end of the week. Now I have to tell you markets are very much confused with the direction as I can see due to the mix data prints and FEDs keeping relatively hawkish...

Kxeroo

Hi there, I believe there is a very good chance that GBPJPY will retrace back before it makes new highs. And there is no better place than 148.00 level. On higher time frame there is a clear test seen and I expect same level will be tested for the correct trend development. So the game plan is either sell GBP from this point or wait till it is tested . I say...

Kxeroo

Any breach of the red trend line will lead drop down to first support level. If the sell volume increases it can break that support and eventually on the longer run will drop to the second support. Either way the outlook is bearish..

Kxeroo Updated 

Yeap. It looks like a double bottom. But second leg of the double bottom didn't seem quite strong to me. However there is a better reversal area that is marked black box. I think with high uncertainty levels I will rather like to wait how it will play out on the given range and look for a long position for a counter trend action. Happy trading people...

Kxeroo

Another good setup is forming in CADCHF. On daily and H4 charts you can easily spot a decreasing momentum and volume. It comes down to a downtrend line and and S&D level confluence. With a good RR this a trade that can be taken.

Kxeroo

Hi there everyone.. Currently EURUSD is currently formed a bullish flag. If it breaks the flag it doesn't have much room to move on but still a good move to catch. On the other hand it is highly unlikely it will recover the losses of last week. The trend will resume lower and possibly will be bumping up and down within the dark rectangle areas for a while before...

Kxeroo

Hi there everyone, AUDJPY is on a very strong zone. In addition to that there is a nice hidden divergence is intact. I really dont think the price can move any further as Japanese recovery start to show up and things might change soon. Any questions or ideas feel free to write. Stay green.. ;)

Kxeroo

Hi there people, There is a clear hidden bearish divergence on weekly chart and monthly seems quite bearish as well. However on D1 and H4 there is a nice S&D zone which is likely to be tested before it moves further downward. So it sounds like a counter trend move but a move towards the highlighted zone bulls may have a chance to push price further up. Lets see...

Kxeroo

Hi there everyone, As you can see AUDCHF is on a downtrend for quite sometime. Right now I have spotted 2 Hidden divergences on the given S&D zone. It is highly likely to drop down to first target before it make any move to either further down or higher. I have strong short bias due to the confluence of many technical factors. In a conservative approach I will...

Kxeroo

Hi there everyone, Here is what I got on charts. There is a clear hidden divergence is forming on daily . One of the fresh S&D zone has passed and now moving down to another fresh zone and possibly a stronger zone.There is two spots to enter this trade which has been shown on the chart. The best option is when the price shows a rejection from the bottom zone....

Kxeroo

Hello to everyone, As you can see there is a nice divergence setting up on a minor S&D level. If we see any reversal in black zone no.1 there is a nice RR trade available. Which may or may not last long so we will take our profits before we see any suprises. If the price breaks below first box then it will be heading down to the second box where there is a major...

Kxeroo

There is a strong sell off tho I still believe there will be a pull back before it continue the first target. The target could be extended but needless to take the risk or it could be discussed further when the price reach to that spot. I believe upcoming week USD will continue its picked up performance in general . There is nice divergence formed in daily and...

Kxeroo

Hi there all. Here is another good setup formed. There is a nice bearish divergence seen on daily chart and it is clearly on a good level. I believe there will be some consolidation before any destination to be decided. 4:1 RR is a good value and not to be miss out.

Kxeroo

There is a nice divergence formed up and I believe if the price break below the orange line it will continue with higher selling pressure.

Kxeroo

Hi there people, Just like my earlier EURUSD Analysis NZDUSD has similar setups forming. 2 divergences (one is in play and the other one is forming) spotted and uptrend is still intact. In order to attract more buyers the price will highly likely to drop down to marked accumulation distribution area before it makes its next move up. Although I am thinking EURUSD...