UnicusFX

UnicusFX

Potential playout for the current situation on EURUSD longer term target of D1 being hit at 1.19/ 1.20

UnicusFX

wall street is looking like the long term bullish trend is over we have broke 5 year bullish channel. i think a potential recession is on the cards. we have broken the 50 moving average on the weekly also broken the long term kumo cloud which indicates momentum is changing in the market my eyes are on a break and close of the kumo to see me short to 15,700...

UnicusFX

Ater a significant move downwards NZDJPY is creating a bearish flag pattern with the weakness we are seeing in NZD at the moment we can expect another break to the down side 200 Weekly EMA is roughly round the 80 price range which is also a round number a break of this level would see the inital move added on for potential confluence to the monthly trendline...

UnicusFX

NZDUSD has been in a long downtrend with the pull backs being sold as soon as they present themselves, past price shows the larger the pull back the larger the trend continuation. we currently have a fibonacci retracement sequence playing out with my biased being the 50-61.8 reversal area will continue the short towards the weekly support and also the D1 extenstion

UnicusFX

potential short term gold sell to retest previous price structure, also has hit a fresh supply zone which should see price fall from this level, also has a confluence of 61.8 on the 4 hour time frame which is a key reversal area, however if it breaks 61.8 ill suggest a long until the 200EMA

UnicusFX

EURUSD is currently playing out a A,B,C,D extension Fibonacci retracement, we had a bounce at the 61.8 which is also the key reversal area, with D extension in a similar area to the 200EMA which i predict price is heading for at roughly the 1.16 area. however EURUSD is currently in a triangle formation which is holding price down a break and retest of this...

UnicusFX

EURGBP has recently broken key support and EUR is showing overall weakness across the board, a close below the 200ema on the 2Hour timeframe would indicate a change in trend and confirm the downward trend towards key daily support at 0.71170 level which has been tested before.

UnicusFX

Current situation on USDJPY we have had a big down move due to fundamental aspects and buyers entered the market at the daily 50% fib retracement level, however on lower timeframes we now have retraced to 61.8 which also aligns with the 200EMA and a previous support turn resistance so i can expect a shorterm downward movement from this level.

UnicusFX

Gold has broken resistance at 1181 i now believe that gold will target the 200 EMA which also aligns with a long term trendline at 1192. this is more confirmed to me because of recent usd weakness as the two correlate i will monitor price at the 1192 area to see a break or bounce

UnicusFX

USDCAD i personally can see this pair going to retest previous support this also aligns with the overall USD weakness. and sellers look in full control of this market i cant see buyers entering until 1.21830 area

UnicusFX

GBP USD is currently forming a head and shoulder formation we could see a breakout to either the upside or down however i am more leaned to the sell position a break of the neckline will confirm a short position

UnicusFX

After todays rally i can see a pull back on the cards to retest the CTL price has hit fresh supply zone and should fall down to the area highlighted,this trade has good risk to reward ratio and i will be monitoring it closely to get a indication of price action to the downside.

UnicusFX

100.990-101.00 has acted as resistance it is also the 61.8% key reversal area will wait for price action but can see this pair falling back down to the 50% fib level at 99.00

UnicusFX

125.850 has acted as resistance for this pair i personally thought we would reach 126.00 before a pull back as round numbers attract price, we are now seeing a fall in this pair, i personally think we will retest the break of 124.00 and then either bounce upwards towards 127.00 or break downwards to 123/121 area

UnicusFX

EURUSD is currently ranging between 1.13-1.10 however price is currently creating higher lows which could see price reach 1.14 and longer term 1.15 however we also have a second scenario where price could drop from the 1.12 area to retest the 1.10 area and head for 1.08. I personally will be waiting for a clear breakout as there is alot of fundamentals affecting...