Rouge1896

Rouge1896

Last point of supply signaling a sell to the next area of support at 1.200

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GBPUSD has completed the accumulation phase of soaking up sellers. Has shown signs of strength in as terminal shakeout, cross both the minor and major creeks. The GBPUSD should enter the markup phase, after price has now backed up to major creek.

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EURUSD has been in a accumulation phase for the past 2 years. It has tested and shaked out all short positions and now moving to the top of the range. 2nd possible entry point to scale in would be when a break /retest of the upper range boundary occurs.

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Bearish Zigzag Correction on the GBPUSD to 1.1700. This I feel will be a correct and looking for a bounce at this level.

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Bearish Zigzag pattern playing out on the Kiwi dollar. Target is 0.56400 for a equal swing trade fib projection

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Swing trade to parity with the Fibonacci extension

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Completed 5 wave move to the downside. Buyers coming in to see a target at 0.85220 ( weekly pivot and Fib level)

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Pullback to 1.5057 to complete 3 wave zig-zag formation

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EURUSD to complete a five wave pullback to 1.2693 (weekly pivot)

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Divergence in Oscillators confirm a long position on the weekly chart. First target at 0.81518 is also a weekly pivot. Second target 0.84410.

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Head and Shoulders pattern on the week chart RSI held over 40 with Divergence in the CBIDLX indicator. Target is the 1.2686 weekly pivot.

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Wave 3 of 3 has now been completed. Looking for a target to the upside towards $72.73 area, for wave 4 completion. This should help the AUDUSD to gain in strength.

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AUDUSD has completed its Elliott Wave 4 of 5 RSI testing the lower bounds of bullish range. Aussie interest rate announcement on Tuesday by the RBA should see a bull back over 0.8000 level. Going of technicals, the RBA, will not lower interest rates this month.

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An ABCD harmonic pattern is forming on the four hour chart. Confirmed by the confluence zone of the ABCD pattern and AB=CD rectangle around 123.567 completing a 5 3 5 Elliot wave pattern.

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This pair close below the support. All Indicators are bearish with no divergence present, confirming the short trend is still in play. Strongly bearish, moving to complete it harmonic pattern, on the weekly chart.

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Aussie still has further to fall to complete a Harmonic correction on the weekly chart and a Zig-Zag correction an the for hour chart. confluence zone at around 0.7417.

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Heading south the USDJPY should see a large move down to complete wave 5 of the correction. Will See if the price fail touch the daily pivot on Tuesday, will determine a start to the trend. Catch some pips to the short side for now.

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Price has consolidated into Wedge/ triangle formation and needs to brake/ retest 176.911 before getting short. Possibility a terminating Wave 5, instead of a wedge, has formed but indicator showing the short tend is still in play. A Possible Gann Time target can be around the 12/04/2015 for the end of the correction.