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We have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank. His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week. We are planning a...

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We are looking at shorting the USDJPY from the Weekly Central Pivot Point on a show of weakness, and if that fails then we have a backup in the form of our Weekly M3 zone. This is a typical sell zone in a downtrend, and we also have a confluence of factors at play here. 110.00 even handle Weekly M3 sell zone Bearish Bat pattern completion Major structure...

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Gold finds itself at the Weekly Central Pivot Point with Stochastics in oversold territory, which suggests a good buying opportunity in the context of a longer term uptrend. If we break below and close below 1280.40 then we will be looking to short Gold down to the 1270 zone before re-assessing a long position. This zone should provide strong support with a...

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EURAUD finds itself at resistance (88.6% Fibonacci retracement) inside of a weekly sell zone with the 4HR Stochastics overbought and RSI diverging. We are expecting RBA Monetary Policy Meeting minutes at 02:30GMT which could be the catalyst that moves EURAUD. A hawkish tone from the RBA could send EURAUD lower, and a poor German GDP print at 07:00GMT would...

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Today saw a less than stellar prints for Building Permits and Housing Starts out of the US, and although they have not moved the market much themselves they will nevertheless go into the pot for currency strength consideration. Later on this afternoon we have the FOMC meeting minutes which does have the power to move the market. If the market sees dovish...

Mase_00_7 Updated 

Today saw a less than stellar prints for Building Permits and Housing Starts out of the US, and although they have not moved the market much themselves they will nevertheless go into the pot for currency strength consideration. Later on this afternoon we have the FOMC meeting minutes which does have the power to move the market. If the market sees dovish...

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USDCAD is on the last leg up to completing a bearish Gartley formation between 1.27313 and 1.27373. On the way up USDCAD put in a 61.8% Fib retracement, which predicts a 1.318% extension which we have used as the top of our kill zone. A Gartley pattern should complete around the 78.6% retracement of the X-A move, which lines up nicely with our 1.272% Fib...

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A bearish cypher could be on the cards for USDCHF. Set an alarm at 0.97300 and watch for bearish price action.

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NZDJPY Many of the Yen pairs have found themselves at support with daily stochastics in oversold territory. We are expecting Yen weakness to kick in over the next two to three weeks, so maybe tomorrows catalyst for the Kiwi will be the quarterly Retail Sales figures due out at 23:45GMT on Sunday. A good print here could see the Kiwi further strengthening off...

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GBPUSD Forecast: Pound has found itself falling hard against most currencies on the back of poor economic data. We are expecting some profit taking to occur and GBPUSD has arrived back at a 100% retracement of the previous swing up. This indicated a potential head and shoulders pattern, giving us an entry to short down to the 1.28500 level.

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Tomorrow night sees the RBNZ Rate and Policy Statements, which could potentially reverse NZDJPY's fortunes... or not. Counter-trend trade setup just in case

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Looking for a potential Gartley formation on XAUUSD. Looking for a B-C leg completion in the grey box and a C-D extension up to the 78.6% retracement.

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USOIL has broken above the descending triangle formation, signalling a long up to the target zone at 51.40. Keep your risk low and focus on long term profitability.

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With the possibility of a rate hike in the UK decreasing on poor economic data, and a decent NFP print out of the US I am now looking for counter-trend trading ideas to the downside on GBPUSD . In the short term however we have two bullish Cypher Patterns forming. The first is due to complete right around the 1.30000 even handle and I will be targeting a...

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A break above 0.79200 gives the opportunity to buy AUDUSD up to the Bearish Gartley completion zone at 0.79600. Set an alarm and wait for price to come to you.

Mase_00_7 Updated 

With Stochastics oversold on the H1 and H2 charts together with RSI divergence, we will be looking to long AUDUSD if we can break above 0.79150 and get a good reason for entry. Should price break down below 0.79000 then we will be looking for short opportunities at previous structure levels.

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Chart says it all :)

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EURJPY 0.02% has broken back into a previous range and has completed a Bullish Gartley pattern. Conventional first target on a Gartley are a 38.2% Fib of the CD leg, which would take us back into previous structure and the top of the historical range. We are looking for a retest of structure at the 38.2% Fibonacci level, and if we see a reason for entry at this...