unique4x

unique4x

We will be watching EURUSD for a breakout of this flag to the upside. This is an emerging pattern with high probability. Wait for a close on the 30 minute chart for a close above the top trendline of this flag pattern before initiating a position. Targets of 1.15750, the figure of 1.16000 and 1.16200. If this pair breaks down through the lower trendline this...

unique4x

This pair is forming a very solid ABCD pattern as point C was put in place very decisively. The chart is showing the ABCD pattern overlaid with a Fibonacci Extension. Our projection is for this pair to make a run towards the 61.8% to 76.4% Fib extensions but we wouldn't be surprised if it made a run to the 100% level as the pullback was shallow. Pullbacks that...

unique4x

EURUSD formed a solid ABCD pattern which is overlaid with a Fibonacci Extension. This pair could have room to run if it can get through the 76.4% Fib level followed by the 85.4% level. We should see EURUSD run to at least 100% Fib level which would bring this pair to the 1.13736 level. Considering the move from point B to point C was shallow at 54.4% compared...

unique4x

The AUDNZD pair is forming a solid Gartley pattern on the 4H chart. It's in the process of forming a bullish formation which we will be able to initiate a long trade at or near point D. This could take a day or two to unfold, if the pair decides to rally without coming down close to point D the order will be cancelled. We will be looking to take this pair long...

unique4x

The AUDJPY is forming a solid Gartley pattern on the 4H chart. It's in the process of forming a bullish formation which we will be able to initiate a long trade at or near point D. This could take a day or two to unfold, if the pair decides to rally without coming down close to point D the order will be cancelled. We will be looking to take this pair long at...

unique4x

GBPNZD is in the midst of forming a Gartley pattern on the 1H chart. Keep an eye to see if this pair approaches point D, if so and can hold with a close near point D it may present a solid long opportunity. We would like to see our algorithm confirm a possible bounce off the D level before initiating a position.

unique4x

GBPCAD is in the midst of forming a Gartley pattern on the 1H chart. Keep an eye to see if this pair approaches point D, if so and can hold with a close near point D it may present a solid long opportunity. We would like to see our algorithm confirm a possible bounce off the D level before initiating a position.

unique4x

A stronger than expected UK core CPI print has seen Cable trade above the top end of the month-long range at 1.5700. A daily close above 1.5700 would seemingly be very bullish for the exchange rate, however, the key level for us looks to be a little bit higher at 1.5780 as this marks the 2/1 Gann angle line of the 2014 high. The 2/1 line was considered the most...

unique4x

The EURCAD is forming an ascending triangle on the 4H chart. This pairs success rate is 68% on the 4H and the ascending triangle has a 75% success rate for all pairs monitored by our algorithm. The top of the ascending triangle is close to the 38.2% Fib extension. When support or resistance lines up close with a Fib extension figure and that area is broken the...

unique4x

USDJPY is forming an ascending triangle on the 4H chart. Although our algorithm only gives a 61% success rate for this pair on the 4H chart the pattern gives 75% success rate on all pairs monitored. Also with a close above the 38.2% Fibonacci extension coinciding with a breakout of the ascending triangle we will be looking to take a long position. If this...

unique4x

The EURUSD is in the process of forming a descending triangle which we will be looking to short about 20 pips below the bottom of the triangle. According to our algorithm this pair has a 76% success rate on the daily chart when it recognizes a pattern. This pattern has a 76% success rate for all currency pairs which we monitor. Our profit target will be 200-220...

unique4x

The EURNZD is in the process of forming an ascending triangle on the 1H chart. This pair has a 69% success rate on the 1H chart and this ascending triangle pattern has a 80% success rate on all currency pairs our algorithm trades. We will be buyers of this pair approximately 20 pips above the top line of the triangle. Our profit target will be 250-300 pips...

unique4x

NZDJPY is in the process of forming a descending triangle. This pair has a success rate of 71% on the 1H chart when identified by our algorithm. The descending triangle pattern has a success rate 74% on the 1H chart for all pairs generated by our algorithm. We will be shorting this pair approximately 20 pips below the bottom of the triangle. Our profit target...

unique4x

We will be buying some GBPJPY at market with a price target of 194.700 while risking 100 Pips. This pair is forming an Ascending Triangle which on the 4H chart has produced 75% chance of hitting our projection. Our algorithm has produced 69% odds on GBPJPY when giving a signal. Total odds for this trade will be approximately 72% odds of hitting the target.

unique4x

One to watch for a 3 Step Scalp MACD trade is USDCHF. We traded it nicely last nice from the short side and as you can see it came in more overnight. With the horrible wage growth reported from the U.S. the dollar could be in for some trouble throughout today. Don't be afraid to take a long scalp if the conditions present themselves, just be aware that sellers...

unique4x

EUR/AUD tested a solid support level 1.37 in the second half of April, and since then the exchange rate has been in a strong upward trend. Right now the Euro is undergoing a bearish correction, but the decline should come to an end around 1.4730 which is the 200 SMA on this 4H chart. The rising trend is very near this 200 SMA, hanging around 1.4680. From there...

unique4x

The British Pound continued to edge higher against the Japanese Yen, with prices now aiming above the 194.00 figure. Near-term resistance is at 194.370, with a break above that on a daily closing basis exposing the 195.350. Alternatively, a turn below the 23.6% Fib at 189.870 opens the door for a challenge of the 14.6% expansion at 188.000. We would like to...

unique4x

The British Pound stalled at familiar range resistance below the 1.57 figure against the US Dollar once again. Near-term support is at 1.55485, the 23.6% Fibonacci expansion, with a break below that on a daily closing basis exposing the 38.2% level at 1.54615. Alternatively, a push above the 1.57000 opens the door for a challenge of the 1.57900 area. The...