After the pair retraced backed to the 38.20% region, a beautiful reversal can be seen indicating that the pair will continue it's downtrend. With a nice 3 black crow candlestick pattern displayed, it only adds more confirmation that the pair will reach for lower lows in the near future.
With a break of a trend developed since last month, GBPUSD seems like it will continue its downtrend toward lower lows. Currently the pair is sitting at a crucial 61.8% retracement level and has an oversold RSI. I expect the pair retrace back up towards 1.43732 first before heading lower towards 1.42200.
Just an update on a post I did yesterday back. Hit my entry, and almost hit my lost. However the pair does seem like its heading back down right now. My first target is at 1.43200, while my second target is at 1.42720. Be sure to follow me for more daily updates and analysis.
A clear breakout is seen on NZDUSD. All I can say is short the breakout to lower lows. I expect the pair hitting around 0.6515 before making it's next major move
With prices currently hovering around 61.8% levels with oversold RSI levels. We can expect the EURAUD correction to end around here at the 1.5605 region to head back further higher. However, prices may fall to the 76.4% before heading back up. With that being said, aggressive traders can enter now, or wait till a reversal signal has been made.
With a break of a 4hr trendline, I expect EURUSD to pull down back to at least 1.1100 before making a move somewhere.
With a break of a minor trendline, I expect EURUSD to pull down a little before making another move.
JPY announced a -0.1% interest rate on January 28th and popped over 200 pips. Since then the market has calmed itself down and retraced back down a little. Now USDJPY reaches a crucial level of 61.8% retracement level. With heavy oversold RSI, overall bullish market, and bullish trendline protecting the pair, I think it is safe to that USDJPY is going to reach...
Looking at the daily and weekly trend, AUDUSD is clearly in an overall bearish market. After hitting lows of 0.6830 during mid January before heading back up, AUDUSD made a clear stop at 61.8% fib levels on January 28th. Could this be the signal we've all been waiting for? A beautiful spinning top could be seen forming, and what I can expect from this pair is a...
EURUSD was stopped by a trendline developed since mid December. With prices failing to breach that region, and breaking out of its bearish channel,I expect EURUSD 1.08136 levels.
Gold is just about to break a new high created since the beginning of January. A break of this level may send gold even higher. However I do suspect a suspect a 3 wave tracement slightly lower before going higher. Leave a comment whether you like it or not, and be sure to follow for more daily technical analysis
After a successful stop at the top of upper trend line, it seems that AUDJPY will continue it's path to go lower.
A clear wedge formation could be seen forming on EURUSD. As prices fail to make higher highs, prices are currently moving lower. I suspect that the pair will break below 1.0813 support to make lower lows in the near future. However, it also does have opportunity to go higher as well, so be cautious. Please leave a comment and feedback on my ideas and be sure to...
With a stop at a strong trend line, price action and RSI suggest that a reversal down might just happen. Other correlating pairs such as EURUSD supports this claim as they are all near MAJOR consolidation areas short @ the stop of 1.5200 stop @ 1.52381 t/p @1.5099 Be sure to comment and follow my tradingview for more analysis! Keep calm and trade on.......
Currently AUDUSD is at the edge of a major trend line developed since September. A lot of bearish pressure on the pair right now and a break below the trend might send AUDUSD down. Be caution in the next couple of days and keep your eye out
Short Analysis: As gold is creating slightly higher lows and RSI is indicating lower lows, a bearish divergence could be seen. With that being, we can expect gold to drop to 50% fib levels (1070.64) later on the week Long Term Analysis: Gold seems to be in a bullish run. However i expect it to come down slightly before make new highs. Short @ 1079.47 region Stop...
After a break of a MAJOR support line developed since the December 3rd through the ECB announce. EURUSD seems likes finally going to head back down after a sideways run!! Short term Analysis: Wait for the pullback and go short short short!!! Long term Analysis: SHORTTTTT!