Pioneerfx2014
1) Broke the 4H trend line 2) Bearish Engulfing 3) Pin-bar rejection 3) Fib retracement target 61.8 - 78.6%
USDCAD - due to up strength in DXY this has pushed USDCAD up, this can be seen by pin bar formation on previous working day (Friday). USDCAD could potentially retest trend line before further heading south. will update if any changes.
GBPUSD Great to take longs from now, awaiting 09:30 GMT news before taking longs could retrace back. :D
Gold has broken the 4hr pink TL, await a retest to Monthly Resistance. Based on my analysis price will head down before heading further up :D
UPDATE FROM PREVIOUS IDEA!!! IF EURGBP BREAKS THE BLUE TL THEN CAN SEE THIS PAIR DROP IT LIKE ITS HOOOOT!!! CAN BE A FAKE OUT AND TRACE UP ! SO TRADE CAREFULLY ;)
GOLD NO MATTER HOW OLD SHALL RISE IN TIME.... I FAVOUR THE UPSIDE LOOK FOR LONG TERM BUYS AT LOWS AND HOLD... WATCH THIS COMMODITY RIIIIIIISE AND BEAT ALL TIME HIGHES. WILL UPDATE IF ANY CHANGES....
Patience is key with this pair.... Since this pair has been really choppy last few weeks - overall downtrend. My gut instinct is bullish once TL has been broken. I shall update once discovered further PA.
Has broken major TL, formed several bullish signals. Could potentially see this pair meet expected targets as shown on the chart.
USOil - On the daily support. retraced nicely @ 50% - 61.8% and headed further down and tapped daily support. It can go either way back up to 61.8 or break support and head further down towards extension
WITHIN THE GOLDEN 61.8 BOUNDARY! PRICE TO TOUCH SWING LINE WHICH WILL FORM A DOUBLE BOTTOM. LOOK FOR FURTHER PA TO TAKE LONGS ONCE THE PINK TL HAS BEEN BROKEN !!! IF PRICE BREAKS THROUGH SWING LINE COULD POTENTIALLY GO FURTHER DOWN....
AUDCHF LOOKING GOOD TO TAKE LONGS, FORMED BULLISH H ON WEEKLY SUPPORT. OVERALL DOWNTREND! SO RETRACEMENT UP IS DUE !!!!!
AUDUSD RETRACED AT 61.8 TO 38.2, SIGNS OF BEARISHNESS HAS STARTED TO TAKE OVER..... TARGET 78.6 FIB.
GBPCAD DUE A RETRACEMENT SHOWING SIGNS OF BULLISHNESS TAKING CONTROL!
DOWN TREND, FORMED BEARISH H, SELL @ 0.69744, SL 0.70874 TARGET PROFIT SHOW ON ARROWS.
NZDUSD - RETRACED 61.8 NOW HEADING SOUTH FIRST TARGET 1.27 FIB.
PRICE BROKE THROUGH THE MS 1.25, SLIGHT RETRACEMENT UP BEFORE HEADING FURTHER SOUTH. 1ST TARGET 1.24 FIB EXTENSION.