The price is now decorrelated from the weekly cycle (not shown here) so, back to usual pure technical analysis: Usd/Jpy's just broken the last top so I'm looking to buy the dip . Next levels: 105 - 105,50 (cyclical moving average + channel) and 103.50 (two supports) How to identify support and resistance using the trading cycles - HERE . Like the idea if...
We are around a multi-year low so there aren't many support (both static or dynamic). The only thing we can see is that the weekly cycle it's ready to reverse (speaking about time) around a higher low. (Bullish situation) Looking to buy around the two green arrow. Tradingcycles.net
After the perfect swing low of yesterday (see related chart) It just did a lower low , so following the Dow's law, we are in a bearish trend so I will look to sell (never try to catch a falling knife). Hurst cycles suggest around Monday of the next week.
The Aussie is in its time-reversal area. More: 2 support Bullish trendline Stoch divergence
GBPUSD respect the market timing ( weekly hurst cycle ) for the 66% of the times in the last month. Is going to repeat itself?
Weekly cycle is bearish. (Grey) Resistance at 1.1085 Weekly cycle's moving average as dynamic resistance. I'll try to sell the high of the daily cycle.
Static support Head & Shoulder End of the trading cycle The Stoch has already done a higher high What else?
Gold is getting closer to the end of its monthly cycle (386 periods H1). Keep an eye on the support 1.315 within the established dates.
Eur/Usd is close to a bullish trendline, if it holds, there will be a high probability turning point which could close the continuation pattern .