Entering into midterm desicion region. Simply Short
Bullish Bat with good risk/reward ratio. Let's hope it reverses at Fibo 88.60
Crude Oil is testing the lower border of the cloud and below EMA 50. 64.50 is the Fibonacci Expansion 61.80%. RSI is bearish. An H1 closing below the current level ( 64.75 ) will carry the price 64.50 and 64.06. 64.06 is our main support of today. Break below 64.06 may cause deeper pullbacks towards 63.28 and 62.50. ( We will also focus on the breakout of the...
Following the comments from the BoJ Deputy Governor Iwata, Reuters reports the key headlines from the BoJ Governor Kuroda’s speech in Parliament. Highlights: Maintaining the 2% price target is very important. We are still halfway to achieve the 2% price target. No change to approach in quantitative easing. Still, need to maintain quantitative easing. Must...
I will keep it simple and short. I have entered LONG trade from 46.70 And the target was 68.00. Today we have reached the critical point again. Crude will retest 66.40-66.60 regions. Weak USD is helping Crude’s bullish move. However, rising US production and inventories limit the upside move. If Crude breaks and makes a few closings above 66.60, 67.18 and...
I have published a bullish harmonic pattern yesterday. We see a falling wedge pattern on the H4 chart. 88.92 is the long-term resistance. Fundamentally: BoC will go to the rate hike. BoJ is just reducing the purchasing bonds. I was predicting an earlier bullish move on CADJPY. However, BoJ decision of reducing the purchase of the bond created a bearish pressure...
The technical correction has almost been completed. Bullish Flag is likely to be completed in a few H4 candlesticks. Possible 400 pips upside move.
Cup with handle formation on H1 chart. Watch the breakout and H1 closing below 1.23300.
Possible LONG from Fibo 88.60 to 61.80%
Wait for the H1 closing below the trend line Good Luck
The second Bull wave might be starting. After testing 1.343, Gold pulled back towards 1.324 levels. XAUUSD is trading at 1343 currently. Correction is completed. With the break out of 1343, 1347, 1.353 and 1.357 will be tested. See attached ideas for the targets.
0.87400 – 0.87200 tested several times. Bullish trend on the bigger timeframes ended. We see 2 different formations on the Daily Chart. Cup With a Handle and Descending Triangle. 0.87400 is the critical support. Bears can be more aggressive with the break out of the 0.87400 support. We need to see a daily closing below 0.87400. Our targets will be...
The pair formed triple top at 89.08 and pulled back. 89.30 is the support. We have a rising trend line. EMA 50 is located at 88.30. Price may test the EMA 50 and the trend line. Break out of the trend line and EMA ( possible breakout zone is 88.20 ) will carry the price 87.50 and 87.10. Good Luck