Technician

Technician

The recent multi-week upside rebound(correction) took the shape of a head and shoulders reversal pattern, but in this case the pattern points to the continuation of the overall bear trend. Shorting Rallies remain the most favorable strategy, so long as the main descending channel is intact.

Technician

Update: First Target Hit. Moved stop to break-even, stopped at break-even. Profit/loss(pips)= +45 Looking for a move towards the 1.3460 main support area, as price maintains sequence of lower highs and lower lows, and confirms a break below the latest ascending support.

Technician

Update: Full Target Hit Profit/loss(pips)= +65 Price has drawn a long legged doji at the 1.27 projection of the latest bearish wave, meanwhile fails to decisively close above the 50-days SMA on a daily basis. A bearish divergence is also seen over the four hour time interval. One concern is the the pair's ability to break and hold above the main falling trend...

Technician

Update: Failed, stop loss hit. Profit/loss(pips)= -35 Price could be heading for a deeper correction after failing around 0.9850 key resistance area

Technician

Update: Full Target Hit Profit/loss= +$12 Possible retreat after testing short term descending trend line, as price was rejected on the first test

Technician

Update: Full Target Hit Profit/loss(pips)= +55 The confluence of the 61.8 percent Fibonacci retracement level of the latest bullish wave and the completion of a three drives bullish pattern suggest an upside rebound.

Technician

Update: Full Target Hit Profit/loss(pips)= +27 A potential intraday bounce to fill gap

Technician

The multiple bearish divergence on price momentum and volume warns of a reversal

Technician

The bullish trend remains intact as price rebounds forming a pin bar at support. Bullish trades remain favored.

Technician

Update: Full Target Hit Profit/loss(pips)= +35 A potential pullback from 78.6 retracement level and descending resistance twitter.com thefxchannel.com

Technician

Update: Full Target Hit Profit/loss(pips)= +47 A quick short with a tight stop on the completion of non-ideal BAT pattern

Technician

A technical look at the Dow Jones Industrial Average, volume, momentum, and price patterns

Technician

Just to keep in mind the bearish divergence on the longer time horizon

Technician

The pair has confirmed a break above the neckline of a double bottom , a continuation above the trend line may confirm further upside. Potential targets start at 1.3315 resistance.

Technician

The pair maybe heading to re-test the resistance of the falling wedge.

Technician

The price remains within the upper half of rising channel, bias to the upside. Only a decisive break below the 50-days SMA will reverse short term outlook to bearish

Technician

Update: Failed, stop loss hit. Profit/loss(pips)=-35 131.65 broken support-turned-resistance may limit further upside, as the short term technical position is starting to look bearish.

Technician

****Closed short near break-even after the major bullish hammer Idea: Looking for a retest of recent swing low near 1.3540, then the main ascending support