Break of trendline, forming lower highs. Expecting price to approach 2.14300.
Price broke the trendline. We could see a rally to 0.7400 area. WATCH OUT !
The confluences are clear. Broken the head/shoulder neck line and trendline. Retested the current resistance and formed a bearish pin bar in the 4hour. Price is bearish for the short term. However, take note of the major daily trendline which acts as resistance. We could see a rally when price approaches that level. In contrast, and a break below that level, we...
Minor And Major trendline has been broken. Also resistance was broken.
Its apparent that this pair is finding major resistance at the 137.096 level. Price approached there twice, but failed to break. On this pair we have more confluences in our belts. Last week's candle formed a spinning top, a bearish indecision. Friday's candle closed as a bearish pin bar, breaking the previous support of 135.000(now turned resistance). Trendline...
EURJPY could see a downside momentum this week. Price seemingly trying to break the counter trendline and current support level which also is in alignment with the fib level (38.2%). A break below that level could see price plummet to the 132.207 area. Both EMAs looking to crossover in the daily/4hrs tf. On break of those levels, look for trigger signals for...
This market should be headed for a bull run. Trendline has been broken, and price is currently trying to break through the 184.772 level, for a target of 195.116. Just wait for a clear and confident close above the resistance level. Then either wait for a retest or a candlestick pattern signalling bullish momentum during the London or New York, to ride along with...
Gold could descend. If price breaks and closes below the 1118 level, a short sell recommendation is advised. Last week's candle formed a bearish pinbar, signaling sellers are in the market. Daily moving averages are almost crossing. Might cross if price breaks below the 1118 level. If price breaks... next target would be 1104(first fib extension), and that target...
projecting a short bias for EURUSD. expecting price to hit 1.0800 level. However, trendline has been broken, moving averages are diverging and facing the downside, and downward momentum is looking strong after price closed below the 1.1180 level. Market is currently retesting broken support (now turned resistance). However, watch out for major Daily trendline as...
formed a double top, broke the neckline and broke through the trendline, and both EMAs are diverting and have crossed to the downside. still waiting for a bearish candlestick to sell on this pair. most of our confluences are in line. only way we could see a bullish reversal is a close above the neckline(137.098).