ETHBTC broke the neckline Is it now going to move higher? Let see what the market can do for us. TP is way up higher.
XRPEUR is changed into bullish strength. The RSI has crossed the 50% line and entered into Bullish territory. As this pair has 3 Missed Weekly Pivots in a row, this pair requires some correction. Due to the situation worldwide fundamentals can work against this grow. My hope is a bullish moment towards at least the second Pivot.
Although a lot of traders are indicating upcoming bullish movement into the EURUSD, my technical analysis indicates a continuation of bearish movement. If we look at the Monthly chart of the EURUSD, we can observe two important issues in the chart. 1st. Price is still moving into FIBONACCI extension direction to take out the 161.8% @1.00376 2nd. We also observe...
Daily Chart: Price action is touching higher timeframe trendline en will have higher probability to come down again. Also M in production to produce its third leg down. With Fibonnaci in place, my projection TP is back down to the 100% fibonnaci. Wait on Price action on the 1 Hour Time Frame. (Sell position)
XLMEUR DAILY CHART Fibonacci on its return Bullish up to level 161.8 On the way two important missed pivots, what probably will act as temporary resistance.
EURUSD: The monthly chart (earlier published also) is working nicely with its Fibonacci levels. At this stage, it is into a retracement, where I take the 38.2% as a minimum level to hit. This level is around 1.14230 today we had a major move down, in where we also broke the neckline of a head and shoulder formation on the daily chart. I expect for tomorrow a...
The EURUSD on the monthly chart shows us a great Fibonacci movement from the downside up. As we can see, there is formed the A and the B, and it seems to be in the retracement now. As rule, we take the 38% Fib as a minimum goal, but it could be also lower. For this trade, I planned TP at this number and will tune in to watch a buy setup for the long way up. Of...
USDCAD 4H chart: Price is retesting the 14 EMA-line and will be interesting to stay tuned. or price moves up again, or will break the 14 EMA down. If it breaks the trendline it will fall down with the intention to mark the monthly pivot. TP is monthly pivot of October at 1.235
USDJPY 4H chart Price is below 14 EMA, so we observe downtrend in price action. In this case by breaking the trendline below, we can see price movement towards the monthly pivot of October. There is even a missed weekly pivot at 110.090 for second TP But be careful. The daily chart is above the 14 EMA and needs to cross to reach the monthly pivot.
EURGBP 4H chart: Price crossed the 14 EMA-line and is now doing a retest. We can choose either for waiting to cross the trendline before entering a buy or placing a buy-stop above the first full candle above the 14 EMA. TP is monthly pivot of October at 0.893 Be carefull, the daily chart is still in a downtrend.
GBPJPY has reached this year´s pivot. Only last year is still missed, so price doesn´t like missed pivots and therefore it wants to get back on these missed levels. 3000 pips up! Patience is the word.
The EURUSD has topped again above the 14 EMA. It still is struggling against its uptrend. It also tried out to get back to its 200 EMA level, but it didn´t succeed. As the theory works, price level needs to come back to certain levels. In this case, it is the 200 EMA. We can see that price moved now 360 bars without coming back to earlier levels. We still can...
AUDUSD Weekly chart: showing an uptrend and willing to work up towards the missed yearly pivot of 2015 at 0.859 About 500 pips higher
The EURGBP is trying to get back to the level of the 200 EMA Due to traders getting their profits, it seems the start a retracement. According to the theory, it will make the last move down to get back to the level of this 200 EMA. Check the 4H chart to see the best point to enter. When a full candle is under the 14 EMA line.
Still waiting on a BOOM up A monthly pivot can be a very strong magnet when it appears as missed during it´s period Wait for a candle above the 14 EMA. Because of these high speed movements, maybe see the 4 hours chart also to get in at a good place.
The daily chart has crossed the 14 EMA line and will try to change the down swing into an up swing. Today´s candle is making a retest. If this holds we will start going up. The 4h chart is showing the same reaction. Entry after trendline break or a buy stop at the top of the actual candle.
Waiting for a full candle above the 14 EMA After this candle enter with a buy. Riding up towards level up
EURUSD: This one is definitely going down towards the 200 EMA. Wouldn´t be any surprise if the NFP for Friday will be very positive to run it downwards. But the mayor move is UP, so after the "touchdown" at the 200 EMA I also suppose a strong bounce back up.