UnknownUnicorn366560

UnknownUnicorn366560 Updated 

he long-term outlook for the EUR/USD pair remains bearish as the monthly chart illustrates. Bearish persistence below 1.0825 is needed to enhance this scenario. In September 2016, temporary bullish breakout above 1.1250 was expressed again, but evident bearish pressure was applied on the EUR/USD pair on September 16. Closure below 1.1250 (supply level 1)...

UnknownUnicorn366560

The US Dollar Index is seen to be carving out its wave 3 higher within 5 waves movement from November 09, 2016 lows as depicted here and there is not much change from what was discussed yesterday. The index dropped lower into wave (2) on December 08, 2016 and is carving wave (3) at this moment. Furthermore, please note that the index has carved out wave 4...

UnknownUnicorn366560

The US Dollar Index is seen to be carving out its wave 3 higher within 5 waves movement from November 09, 2016 lows as depicted here and there is not much change from what was discussed yesterday. The index dropped lower into wave (2) on December 08, 2016 and is carving wave (3) at this moment. Furthermore, please note that the index has carved out wave 4...

UnknownUnicorn366560 Updated 

Gold has retraced lower from yesterday and is seen to be trading at $1,133.00/34.00 levels for now. The yellow metal might push lower one last time before resuming its uptrend. The metal has already retraced up to 75% of its rally between $1,046.00 through $1,375.00 levels, when it had made lows last week. One should wait for yet another bottom or a test of...

UnknownUnicorn366560 Updated 

EURUSD 4H BUY AND SELL!!!

UnknownUnicorn366560 Updated 

Dec 20 2016; USDJPY Can Hit 120.00 The S&P500 could help the USDJPY to hit 120.00. S&P500(4h) and USDJPY(Weekly)

UnknownUnicorn366560 Updated 

EURJPY

UnknownUnicorn366560

The top for the wave b (green) seems to be in place, so now it is time for a further decline below the intraday support at the level of 122.56. If the corrective cycle is going to unfold as a simple abc correction, this should be the last wave of the corrective progression to the downside. Otherwise, the corrective cycle might get more complex and time-consuming...

UnknownUnicorn366560

Silver had dropped to yet another low at $15.85 levels on Thursday before bouncing higher. Please note that the metal is trading around $16.00/05 levels for now and it might be looking to test recent swing lows before turning higher again. The recent rally from $15.85 to $16.27 levels looks corrective and hence the trend might not have changed yet. Furthermore,...

UnknownUnicorn366560 Updated 

The EURUSD pair made a meaningful top on December 08, 2016, which can safely be defined as wave (2) of the drop from 1.1300 levels earlier. The pair is working out its wave 5, within wave (3) as depicted here, after terminating the 4th wave at 1.0480 levels today. If this wave structure holds well, we should see EURUSD dropping lower towards 1.0300 and 1.0200...

UnknownUnicorn366560 Updated 

The US dollar index is seen to be carving out its higher wave 3 within 5 waves movement from the lows set on November 9 as depicted here. The index dropped lower to the wave 2 on December 8 and is carving wave 3 at this moment. Furthermore, the index has completed the wave 4 today at 102.50 levels and bounced higher into its potential wave 5 rally. The index is...

UnknownUnicorn366560 Updated 

Recently, the gold has been trading upwards. The price tested the level of $1,142.14 in a high volume. Using the market profile, I found Friday's point of control at the price of $1,133.15 on the 30M time frame. I found strong resistance at the price of $1,142.00. Watch for buying opportunities if the price breaks resitance. Upward target is set at the price of...

UnknownUnicorn366560 Updated 

After the 61% Fibo level at 1.3394 was hit, the market declined slightly towards the intraday support at the level of 1.3322. So far, this level has been holding the line, but in order to move even higher, bulls should make a new higher high and break above the golden trend line around the level of 1.3420 and head higher to 78% Fibo at the level of 1.3479....

UnknownUnicorn366560 Updated 

Wave summary: We have finally broken above minor resistance at 1.4823 indicating that the ending diagonal from 1.5837 is complete and a new impulsive rally is building towards 1.5837 and above. Short term, we will like to see the former minor resistance at 1.4823 act as support for a rally to and break above resistance at 1.5092 and more importantly above...

UnknownUnicorn366560 Updated 

The bearish breakdown of 0.7250 (lower limit of the depicted range) enhanced the bearish side of the market towards the price level of 0.7100 (recent bottom of October 28) which was broken as well. Bearish persistence below 0.7100 allowed a quick decline towards 0.6960 (BUY zone) where bullish rejection and a valid BUY entry were expected. All T/P levels were...

UnknownUnicorn366560 Updated 

Price has dropped perfectly from our selling area as expected and is approaching fast our profit target. We tighten our stop loss and consider selling further below 0.7431 resistance (Fibonacci retracement, horizontal pullback resistance) for a drop to at least 0.7310 (Fibonacci projection, horizontal swing low support).Stochastic (21,5,3) is seeing strong...

UnknownUnicorn366560 Updated 

Price dropped perfectly from our selling area to our profit target for the sixth time in a row. We are now looking to sell on strength below 0.7154 resistance (Fibonacci retracement, ascending resistance pullback) for a further drop to 0.7046.RSI (34) has also made a bearish exit of a long-term ascending support-turned-resistance line. This shows a change in...

UnknownUnicorn366560 Updated 

Price dropped perfectly to our profit target. We are now looking to sell on strength below 1.0564 resistance (Fibonacci retracement) for a further drop to 1.0456 (Fibonacci projection).Stochastic (21,5,3) has reacted off our 95% resistance perfectly as expected and we expect a further drop as it still has good downside potential. Sell below 1.0564. Stop loss at...