masterylucain

masterylucain

I wanted to verify my views on GBPJPY as to whether or not it is truly on the uptrend. I was high yesterday so I doubted my report yesterday. But with a sober mind I can say price action is definitely bullish. Price currently is on my green 38.2 fib, which is slightly above my orange 38.2 fib. Odds are if price does not move upward it will trend sideways....

masterylucain

Price will move towards my 23.6 Orange Fib level @114.311. From there we will see price action towards Large Quarter Point 145. There is also confluence at that point with two fib levels, 78.6 and 50, that can serve as the top and bottom of the target price zone. Profit Size: 68.6 Pips

masterylucain

Listen. The wicks dont lie. The peak has been reached as seen in my orange zone. Expect further retraction on USDCHF.

masterylucain

The short term retraction in Gold was most likely a stophunt. Look for upside from now onwards. Target price: 61.8 fib level

masterylucain

Orange Zone Reached. Dollar will be interesting today. I predict the Dollar will cap out at 97.5, but we shall see.

masterylucain

GBPJPY Ready for take off. View image for details.

masterylucain

AUDUSD has broken out of my red descending wedge. The time for capitulation has come.

masterylucain

Buy Gold! ASAP!!!

masterylucain

After much analysis on USD, it is clear that the dollar is looking to correct. For more information view my article Down with the Dollar! On the four hour for AUDUSD, price is currently holding between my yellow fib level @61.8 and my white fib level @78.6. Price action over previous days was rather good. It was formerly on the major quarter point @0.725 and...

masterylucain

The Dollar has been doing well the past few days, but this uptrend will not last long. When the Dollar first reached fib level 38.2 there was a deep retracement that broke past 78.6 at its lowest point. While the Dollar has fully recovered since that drop, it looks like momentum will not hold much longer. Once I spot a reversal trend and the dollar breaks the...

masterylucain

USDJPY forming a descending triangle on the four hour. Managed to hit large quarter point at 110, but each challenge led to higher lows consistent to the counter trendline. It seems like price action peaked above the 61.8 fib level, and no longer has bullish momentum. A reversal trend is imminent, most likely when price breaks below the blue line @109.819 If...

masterylucain

It looks like fundamentally the Pound is simply at an all time low as seen in the monthly when reaching 1.2 on October 2016. Since then we have been on an overall uptrend. Despite the short term correction over the last year, the pound has regained support on large quarter point 1.3. On the weekly, the faster EMA trend has finally reached upward and connected...