Carefull with Non Farm payrolls tomorrow. However, i believe they would be worst then then expected. However, If breaks below 124.150, it is possible for our first target of 123.350. If this level is then breached then we are looking to our next target of 122.00.
Price currently sitting at support 20400, if price breaches above the bearish trendline then it can retrace up to 20500 then decline to our first target of 20400 then 20300. However, if price breaks below 20400 and the candle closes below this level then this would be our confirmation to the downside off 20300.
Looking to downside targets of 1.95400. However, price can retrace to pivot point or breached trendline then continue down to targets so the safest stop loss would be 1.99400.
USDCAD we have different scenarios. Price is currently at the pivot point. If price breaches this level it can reach 1.24650 then 1.24900 then 1.2500. However, on the opening of the market if price breaches the trend line then we have downside targets. When TP 1 has been met, Price action must be reanalysed to ensure TP 2 is still valid.
Conducting Top down Analysis, we also have several scenarios on GBPUSD. The Daily time frame demonstrates the bears have lost momentum. Price has been trading in a descending channel. I believer price would reach 1.5400 at least before it continues its downside momentum; however there are also signs of a potential 1.5500. If price breaks above 1.53400 then there...
Long on this pair looking at levels 192.500 then 200.00-202.00
Have a bullish pin bar on the daily and weekly time frame. 200 EMA acting as magnetic support on the daily. Our upside target being 1.23650.
Conducting Top down analysis I personally believe this pair would reach 0.8200-0.8250. However, we trade with strategies in place. First target being 0.8000 (Safety Target) However, if price breaks through the upward trendline and below senkou Span b then we would be looking short at levels 0.770-0.7550. The 200 Ema is acting as resistance on Monthly Weekly and...
Short term targets on the downside, however key levels based on the Monthly chart 1.2000 looks ideal. I believe price would reach 1.100 levels. If the trend line is breached then we can see further downside targets 1.0500 then lower. However, once my short term target of 1.10500 is met I would be then waiting for PA confirmation for the long set up to 1.200.
Price currently hovering around key level 17.30. Waiting for PA confirmation to set up a short position down to targets as follows: 13.80 then down to 9.00. However, if price does break above 17.30 and the upper bound of the channel then our upside targets would be as follow: 21.30. However, primarily i believe price would decrease as the earnings are also...
Have a Bullish Pin par on the weekly time frame. As you could see the 200EMA is acting as support and the RSI above average. If 59.60 our first upside target would be 61.55 then 63.50. If price however breaks below 58.30 then we would be looking to go short 55.70.
For the short term we are bullish. First target being 23.20. If this key level is broken then the next upside target would be 23.50. However, our primary target is on the short side of price level 22.00 then 21.50. We have a bearish formation on the weekly time frame.
Believe price would reach 98.30 then 101.30 on release of the earnings. However, if price breaks support at 95.30 and the trend line; price would reach 92.00.
Trade set up short on the breakout of the trendline, could have a safer stop loss at 1.55400. If price breaks below 1.5050 then we would look to further downside potential of 1.4900-1.4500. Being Bank holiday weekend in the UK i believe price would reach at least 1.5200 by the end of the trading week.
Pin bar on 4 hour time frame with RSI oversold. First Target at 2098.0 if price breaks through senkou Span A then price would reach 2122.0.
Price currently at key level in the market. If price breaks above 15.95 then it can reach 16.50, 17.35 then eventually 18.00. However, with the earnings decreasing by 0.02% could push price further down. If the trend line is breached then our first target would be 15.35 then lower to levels of 14.00. When each target is met we would look for further PA confirmation.
I believe on the announcent on the interest rates would keep the USD bearish. Analysing the USD Index alone; we would be seeing further decline. Targets for EURUSD for the upside is 1.1450. If the announced is Bullish for the USD we would re visit 1.0600 level.
I believe price would reach 1220.0-1245.0 then looking to go short to levels 1145.0 then 1050.0. However, we would be seeking PA conformation around the levels stated. If price breaks above the weekly trend line price level 1280.0 then we would be looking to go long.