Gold clearly established a downtrend that does not seem to be over, at least there are no clear signs of a trend reversal. The gold price rejected 50 Moving Average several times and then made a new lower low. Fibonacci applied to the corrective wave up where 50 Moving Average was rejected shows potential downside targets. Consider selling gold at the current...
AUD/CHF formed a double top near 0.7620 and started to move lower breaking below the 50 Moving Average. Today the pair rejected the 50 Moving Average and could be ready to move lower. Fibonacci applied to the corrective wave where 50MA was rejected shows potential downside targets. Consider selling AUD/CHF at the current rate (0.7588) targeting 161.8% (0.7550),...
After hitting the 78%Fibo at the level of 1.3129 the market is consolidating in a tight range just above the intraday support. The bottom for the wave c (green) still holds the support line. The whole down move is the last part of the big abc correction, so now the market should try to rally higher. To do this, the bulls must break out above the dashed blue...
Price has bounced perfectly yesterday above our major support at 1202.86 (Fibonacci projection, Fibonacci retracement, horizontal swing low support) and we expect a push up from here towards 1231.91. RSI (34) is seeing major bullish divergence vs price signalling a major reversal is approaching. Stochastic (21,5,3) is seeing major support from 5.55% signalling a...
Price has bounced perfectly yesterday above our major support at 1202.86 (Fibonacci projection, Fibonacci retracement, horizontal swing low support) and we expect a push up from here towards 1231.91. RSI (34) is seeing major bullish divergence vs price signalling a major reversal is approaching. Stochastic (21,5,3) is seeing major support from 5.55% signalling a...
EUR/GBP seems to have entered a downtrend after breaking the support at 0.8566. The pair is trading below 200 Moving Average and have already rejected 50 Moving Average that is currently acting as a resistance. While the trend is bearish, consider selling EUR/GBP at the current rate (0.8532), targeting either 261.8% (0.8340) or 361.8% Fibs (0.8200). Suggested stop...
EUR/GBP seems to have entered a downtrend after breaking the support at 0.8566. The pair is trading below 200 Moving Average and have already rejected 50 Moving Average that is currently acting as a resistance. While the trend is bearish, consider selling EUR/GBP at the current rate (0.8532), targeting either 261.8% (0.8340) or 361.8% Fibs (0.8200). Suggested stop...
GBP/JPY found the support at 124.80 and started to rise. The pair managed to break above the descending channel and currently is trading above both 50 and 200 Moving Averages. This means that GBP/JPY is either going to continue correcting up or could change the direction of the trend from down to up. At the same time, the pair has broken above 38.2% Fibonacci...
GBP/JPY found the support at 124.80 and started to rise. The pair managed to break above the descending channel and currently is trading above both 50 and 200 Moving Averages. This means that GBP/JPY is either going to continue correcting up or could change the direction of the trend from down to up. At the same time, the pair has broken above 38.2% Fibonacci...
S/L should be set as a daily closure above 1.2700. T/P levels should be located at 1.2330 and 1.2130.
Support/Resistance: 1.3663 - WR1 1.3507 - Intraday Resistance 1.3464 - Weekly Pivot 1.3398 - Intraday Support 1.3378 - WS1 1.3290 - 13312 - Demand Zone 1.3265 - Wave (b) Low
Buy above 0.7010. Stop loss at 0.6950. Take profit at 0.7112.
resistance level is at 1.2434, take profit is at 1.2516 and stop loss is at 1.2351
Sell below 116.80. Stop loss at 117.33. Take profit at 114.87.