R-L-A

R-L-A

It looks like ABC Zigzag has been completed and the price is at the beginning of the W.5 which can shoot upto to 1.3980 in the near future. However if the price is rejected again from the recent top which is at around 1.3840 then it may make complex correction therefore we should be cautious when the price hits this level.

R-L-A

If the last and fifth wave extends then it can shoot up to 1.1000 in the near future.

R-L-A Updated 

It looks the price has completed making converging triangle and it may make another Lower Low that might end at around 1.0650 which is also the start of Swing Low at higher timeframe.

R-L-A

The gold seems to be rejected from 2045 to 2050 and it could continue its downward movement toward its next support which is lying at around 2020. This may be final impulsive wave on one hour chart or it may be not depends upon future price movement. Furthermore, TDI and Stochastic have also crossed down which increases chances further for bear impulsive moment.

R-L-A

USDJPY has made a perfect Butterfly Pattern which has a high success rate of 60 to 70 percent therefore it has high possibility of reversal from 143.40 to 143.60 level. Even though the current up tend seems to be really strong but it can be reverse if fed use dovish tone in one minute meeting.

R-L-A

The price has made Bearish Bat Pattern and it has a high possibility to reverse from the current price and the downtrend can be boosted if today Fed Has bearish tone in minute meeting. But as I always say Be prepare for the opposite bull movement if pattern fails.

R-L-A

The gold seems to have found support on 0.618 fib level. The bullish engulfing also gives us confirmation. Besides we have a lot of weak data coming from USA so the chances are that it it will continue to make another HH with Bullish impulsive wave.

R-L-A

The price has made Double Top and Three Bar Pattern which is a strong indication that price may move down further. If it goes goes down then it may find a support near 41000.

R-L-A

The price has made a Double Top with a Bearish Engulfing Candle therefore has a high probability to reject from 0.9060 strong resistance area and shoot down to between 0.890 to 0.8950.

R-L-A

It has broken the resistance which is at 0.6335, and it could climb up to 0.6380 to 0.6390 or maybe more. The dollar is really weak so the successful breakout and its chances of continuation are really high.

R-L-A

The price has broken down the strong 142.80 and it has tested it and rejected few times so the possibility is that it will continue its downward movement. Besides it has also made ascending triangle which has high probability to break down but keep it mind that it can break above so also prepare yourselves for that situation.

R-L-A

USDJPY can break up and can continue its trend toward 150 from where then we may see some intervention from BOJ but for now it is Higley likely to break up. However, it should be kept in mind that it can also break down but breaking down has low probability therefore it is better to wait for break up and retest of its resistance before entering a trade.

R-L-A

The USDCAD has entered into really interesting area and it can rejected strongly from its strong support and we may see it flying higher in coming few days

R-L-A

By looking at the 4hr chart, it clearly shows continuation of EURUSD bearish trend by breaking down of key support area 1.0770 which has now turned into a strong resistance area. Today, we have a lot of big news coming out from USA which can have big impact on the direction of possible impulse leg. Also ECB is expected to keep interest rates at 4.25 which can...

R-L-A

AUDUSD has been making Bearish Descending Triangle on daily chart and It has a possibility of breaking down but it should be keep in mind that it can also break up. However the possibilities of breaking up is quite low. Besides, we have also a lot big news coming today from USA which can really boost up the speed and we can see also a lot of choppy movement before...

R-L-A

USDCHF looks really bullish and it can continue its upward movement by breaking triangle. This can be really boost up by tomorrow’s CPI data or maybe even it can happen before it’s released

R-L-A

US500 can start its second implusive leg after completing its correction. If core CPI data on Wedneday comes as expected or better than then it will act as a catalyst in its completion. However if CPI data is lower than it can reverse the movement in opposite direction. Possible area to short is between 4480 to 4500 and TP can set up 4340. Please like and comment.

R-L-A

NZDUSD may soon start its final Impulse wave before a bigger correction and the impulse wave can hit its stronger resistance.