NannePost

NannePost Updated 

Euro has been testing the lower parallel of ascending channel a number of times in the past months, giving us a stronger conviction that the bottom is in, from a sentiment/technical approach. Fundamentally the Eurozone still looks very weak, however the US economy is also showing weakness and will probably slow at a faster pace than the Eurozone and rate of change...

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Australian Dollar bounced of the descending channel, now makes a pull back. Great entry point, with stop above recent high. Entry point between .70031 - .7030.

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Pinbar rejection from support zone, possible follow trough. Big test for the year-to-date uptrend, break trough the zone, will turn our bias to bearish/neutral. 4-Hourly Multiple touches on descending channel lower parallel.

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Major horizontal supportlevel intersects with descending slope line. Daily RSI shows divergence. 4-Hourly

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Cable has had some clean bounces of confluence areas recent. If it keeps following course, it should bounce of lower Pitchfork Parallel and 100% extension somewhere around 1.2660 in the coming two weeks. 4-Hour Descending Pitchfork.

NannePost Updated 

It looks like Yen meets a decent amount of resistance. It already rejected of the upper parallel of the weekly descending pitchfork once. Some Fibonacci retracement levels, the 2018 Opening price and weekly ascending slope line confluence within this area. 4-Hourly Chart Hourly Chart, with potential breach of Neckline.

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Gold pushed up from the 2019 Open price, but momentum seems to turn down again. Price broke out of ascending pitchfork and by doing so, it formed a new descending pitchfork. Price had a nice rejection from the lower parallel of Ascending pitchfork and the .382 retracement of the recent decline. We also closed the week below the critical 2018 Open price, after a...

NannePost Updated 

Gold fell hard in recent weeks to the 2019 Open. It bounced after multiple touches. Just finished a standard ABC correction and ripped trough the lower parallel Pitchfork. - Daily - 4-Hourly - 1-Hourly

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Yesterday we broke out on the Descending Pitchfork and got a clear bounce on the Weekly Ascending Pitchfork .382 slope line and 50% retracement of entire 2018 High to 2019 Low. Possible long entry on a confluence area, which includes some major Fibonacci retracement levels and the Outside Day Reversal bar close of last Monday. -Weekly Chart - Hourly Chart

NannePost Updated 

Euro has a probable bounce from upper Pitchfork Parallel resistance. Wait for conformation on a break of descending Pitchfork. - Weekly Chart - Hourly Chart

NannePost Updated 

As you can see on the weekly chart, Euro broke the lower Pitchfork. Made pullback and clearly rejected. On 22 of October 2016 the ECB also announced a stimulus program "TLTRO", what essential means that there will be a greater supply in Euros. Last Thursday the ECB announced the next step "TLTRO iii". Market will reject the same as it did back in 2016, with...

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Two big area's of confluence around price.

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Pound Sterling opens the week below big resistance. Retest of .786 slope of overall Pitchfork at ~ 1.2860. The area has confluences with 100 DMA and 50% retracement. Descending Pitchfork on 2-hourly chart. Just had a retest of Ascending Pitchfork and Descending Pitchfork Median line. Entry short on 1-hourly close below weekly open @ 1.29671. Target ~1.2890-1.2860.

NannePost Updated 

Euro is coming up to slope resistance, which has confluence with: resistance area from late 2018, some decent Fib-lines and the highest close of 2019.

NannePost Updated 

USC/CHF made a H&S pattern on the .75 and .50 Daily Schiffpitchfork trend lines.

NannePost Updated 

EUR/USD is currently inside a Standard Pitchfork, more momentum south looks imminent. Possible buy area, 1.1360-1.1330, with stop somewhere below recent swing low (1.1290). Target 1.1660.

NannePost Updated 

The momentum in the Kiwi is dying out and a reversal south looks imminent.

NannePost Updated 

If my Elliot Wave analyse is done correctly, we should see an extend of price south towards 1.19-1.17. Included Daily and Hourly charts for a closer view.