TimStuyts

TimStuyts

As mentioned before in my AUDUSD analyses I'm looking for a test of 0.80. AUDUSD is correcting on the higher time frames in a complex corrective combination with several extensions within. Nevertheless I see a potential bullish reversal happening soon on lower time frames for a continuation towards 0.80. This might start in the beginning of the week from 0.744...

TimStuyts

For my short trade see link below: EURCAD is taking its time which is good and I still expect a test of 1.545-1.452. In case this pair spikes lower I have a pending buy order. However a reversal from my projected zone (minimum a test of 1.545) will increase the probability of a succesfull bullish break. www.timstuyts.com facebook.com/timstuyts

TimStuyts

GBPUSD is testing previous support zone for a possible reversal. I like to buy the bullish reversal for at least 1.46. www.timstuyts.com facebook.com/timstuyts

TimStuyts Updated 

I expect another bullish leg for GBPAUD towards 1.92 (might test 1.87 first). A break below 1.8655 will invalidate this buy structure. www.timstuyts.com facebook.com/timstuyts/

TimStuyts

If we see a bullish break for EURAUD without taking out the low for what has been counted as wave 'a' in Red I wil buy EURAUD towards 1.52. Only a break below 1.446 will invalidate the buy structure. www.timstuyts.com facebook.com/timstuyts/

TimStuyts Updated 

GBPNZD undershoot my projected reversal area but tested it after some sideways price action which support the view that a bullish break out will be next. for my previous post see below:

TimStuyts

The long term target at 1.3050 has been reached last week. This was a clear target based on structure and market dynamic. However I expected a 3 wave correction towards this level but we only saw 1 wave indicating more USDCAD weakness to follow. However I believe that we need a bullish retrace first and I'll therefore be focusing on the reversal. If price is...

TimStuyts Updated 

For my previous posts on EURCAD see below: First I expect a third leg lower towards at least 1.455 before we see a reversal and an impulse higher. We find a confluence zone in the 1.455 area for a likely bottom of this potential 3 wave correction by means of an ABC wave count. If we see 1.455 got hit I will shift my bias towards a bullish move with a potential...

TimStuyts Updated 

I expect USDJPY to start its bullish correction next week towards at least 116. I believe we might see a last attempt to break last weeks low in the beginning of next weeks trading session. However my bias is bullish for at least 116 after that. This bullish move I anticipate might as well test 120. www.timstuyts.com facebook.com/timstuyts/

TimStuyts Updated 

My projected target zone for EURGBP was 0.975-0.80 as posted in previous analyses. However price is finding resistance and I expect either a new impulse lower breaking below 0.6935 (previous low on daily time frame) or at least a three wave correction with wave C in progress. Therefore I like to see a bearish break followed by a consolidation on lower time...

TimStuyts Updated 

I'm looking for a bearish break in the dollar index towards 90. I'll be looking for a consolidation in the beginning of the week for a possible bearish continuation towards 90. www.timstuyts.com facebook/timstuyts/

TimStuyts Updated 

In the beginning of next week I will be looking for a last leg higher for wave 5 of wave A in red. Once that is in place I will be looking for a 3 wave pattern consolidation to retrace at least 38.2% of the whole length of wave A (top has yet to be determined). Once that consolidation is in place I will be looking for a wave C higher towards 173 and maybe even...

TimStuyts Updated 

Crazy day with Draghi running the show in a way only he can. I was looking for 1.11 for the EU but because we didn't see that before the ECB rate decision I decided to let that pair go. However AU might be making that anticipated move lower which makes EURAUD interesting. Although the environment was extreme it did exactly as projected so far. Let's see whether it...

TimStuyts

6 days ago I wrote the following regarding USDCAD: 'Watch for a consolidation and buy continuation towards 1.345. However if we see a reversal here we should be looking for a bearish impulse and sell after the consolidation. I still expect a test of the high of 2009 and a move towards 1.345 will not invalidate that scenario.' for my posts see below: after the...

TimStuyts Updated 

For my bigger picture view on this pair see below: I just want to share an intra-day sell opportunity that will be a correction of the impulse of higher degree. Trade with care and use a trade plan. However I favor another leg lower towards at least 1.11 before the bullish move might continue. www.timstuyts.com facebook/timstuyts

TimStuyts Updated 

I was looking for an 'ideal buy' opportunity out of the 1.035 price zone but this pair didn't unfold in the shape of a triangle and the RBNZ yesterday triggered the impulse higher. Therefore we should be looking for buying opportunities after a consolidation. www.timstuyts.com facebook/timstuyts/

TimStuyts Updated 

For my previous post and context see link below: I showed my projection by means of 4 steps and we saw the first step which makes this potential trade towards 0.80 even more likely. However we trade what we see and although I like to see a test of 0.73 to be next, the lower time frames should show us a clear entry. Keep in mind that the move higher was an...

TimStuyts Updated 

For my previous post regarding EURCAD see below; I was looking for a move towards 1.48-1.49 but we didn't see that yet. I was looking for a third leg lower in the shape of a wave C. We saw the structure break last week after the comments about a possible OPEC production cut. However I trade what I see and at the moment we see 'hidden bullish divergence' on the...