Key Monthly Support area of 1.15500 being respected. Momentum currently heading back up towards Week Resistance level of 1.17150. A wider range of 1.15500 to 1.16300 has also been established. 1.6RR Trade STOP 1.17550 TARGET 1.17675
GBP was hit in early trade on Trump comments: he said Boris Johnson would make a good Prime Minister and that unless the UK executed a 'hard' Brexit the US and UK would not reach a trade agreement. Also, we have pushed below 1.3200 and current week's low print. There may be space for a trip to 1.3100.
no complications on this one, as long as we are long on the dollar, and we get the brexit show! this one will go down. I spect a reaction at 1.30, my target for this short play
Looks like we could be heading back down on GBP/NZD
#Euro #fx #forex @cfromhertz @Simple_Trends @traderstewie @the_chart_life @mark_hruska @HiddenPivots @mjekm5 @livetradepro @Master_Charts @TMLTrader @PatternProfits @EDWARDTRILEY These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue...
MPP was updated in July. Unfortunately, however, it did not almost move about this symbol. As the weekly chart, it is a range market so it will be both short and long compactly for a while. Weekly chart << tactics >> 1) MPP (P) 0.98956 is function as a support line long. The first limit is under WePP (R1) 0.99799. The second limit is under 1.0000 but...
MPP was updated in July. Unfortunately, however, it did not almost move about this symbol. As the weekly chart, it is a range market so it will be both short and long compactly for a while. Weekly chart << tactics >> 1) MPP (P) 0.98956 is function as a support line long. The first limit is under WePP (R1) 0.99799. The second limit is under 1.0000 but it...
Is this a possible elliott wave count for the LT of Russian Currency?
Cad has been benefitting from higher Crude prices, beyond a stronger GDP report last week. This week has been quite dull thus far due to a plethora of political events and market closures. However, as the market now starts to focus on local drivers, CAD seems poised for further gains and our expectation for today's Employment report is positive.
EurJpy has benefitted from some hawkish ECB members and from a recovery in risk appetite. We have Non-Farm Payrolls out today, and we also have to see what China does after the USA implemented their first batch of tariffs. But, technically, this chart offers confidence in a breakout north.
EURJPY is now at a downtrendline, what could means some short force, pushing price to signaled area. at this area, we are completing a gartley pattern + a perfect ab=cd pattern. high probabilities to get some force to go up when arrive at this point. so i'm shorting, then long. for a conservative entry wait to point so long.
In July a new MPP was drawn. Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly. Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months. Weekly chart As a provisional up trend, I'd like to simply place a long. << tactics >> 1) MPP (P) 1.31266 functioned as a support...
In July a new MPP was drawn. Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly. Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months. Weekly chart As a provisional up trend, I'd like to simply place a long. << tactics >> 1) MPP (P) 1.31266 functioned as a support...
So it's been a while since I have been excited about Bitcoins price action. We had a breakout on Monday which negated a bearish flag that was in play (See related ideas for more information on our previous analysis) and price still appears to be rallying! Price not surprisingly moved sideways after the big up move which was likely due to hesitation. Price is...