ovidiu_andi

ovidiu_andi Updated 

Clear uptrend.

ovidiu_andi

I don't expect the price to make a higher high, since it's broken the uptrend line. Instead, I expect it to reach the psychological level of 0.7150 or touch the resistance zone and then head downwards.

ovidiu_andi Updated 

EURJPY has been in a continuous uptrend since the beginning of the year, with a recent 3-hit resistance being broken. The price has found its previous support at the 61.8% fibonacci level and now we have to wait for a retest of the newly formed support, former resistance.

ovidiu_andi Updated 

EURNZD is currently in a downtrend that doesn't seem to stop. If it makes a lower low, I believe we are good to go. It has rejected the 50% fibo level, which corresponded with the 1.6650 psychological level, has made a lower high, and the corrections are getting shorter.

ovidiu_andi

XAU seems to be stuck at the 1316.00 psychological level, having no more bullish power. Also that level corresponds with the 38% fibo level, having almost reached the 50% with that previous wick. We have to keep in mind tthat IT STILL DID NOT CREATE A LOWER LOW, so if you want to consider a position here, I would suggest to let the chart do the trick before you...

ovidiu_andi

AUDCAD has finally broken the range that it's been stuck in since the beginning of 2019, finding weak support at the 0.94400 psychological level, making a lower low. The price has got downward momentum, but you can wait for a retest of the 23% fibo level.

ovidiu_andi Updated 

GU has recently broken its 3-hit support and now, having retested it and the 50% fibonacci level, we can only expect a downward move.

ovidiu_andi Updated 

Long wick rejections of the 50% fibo, as shown by the recent downward momentum from the previous resistance being broken, but without enough power to continue going up. Furthermore, the market is ranging so it would be better to expect a short-term position on this one.

ovidiu_andi Updated 

With the previous support being broken and now retested, we can only expect a move downwards.

ovidiu_andi Updated 

EA has been in a continous downtrend with no signs of stopping, besides the newly formed support at 1.57200. I suppose if it makes a lower low and breaks it, we can continue riding it down. Confluence: rejection of the 61.8% fibo level with a big engulfing candle, which also corresponded with the 1.5900 psychological level; downtrend's impulses are getting...

ovidiu_andi Updated 

I think it's time for the EURO to calm tf down and stop scaring my Romanian kin. 61.8% fibo rejection and downward momentum

ovidiu_andi Updated 

GJ may see a new downtrend after this apparent loss of momentum. It rejected the 61% fibonacci level and it didn't make any higher high. It would be better if it makes a lower low so the downtrend is confirmed, but we can also take a RISKY trade here. It's up to anyone's risk management.

ovidiu_andi Updated 

GU has recently seen a shift in momentum and now, having broken the previous 3-hit support and having retested the newly formed resistance and the 50% fibonaccci level, we can only expect a move downwards.

ovidiu_andi

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