This idea follows on from a previous trade I have with this pair. The idea is linked below. It was shorting on the basis of a channel formation, however the channel formation appears to be broken so a new analysis is being undertaken. I am looking to short this pair. A small range looks likely to occur this week. I've highlighted this range area I am expecting...
The weekly graph reflects the perspective of the longer term trends. This is the long term view related to my daily study of the AUDZAR.
This idea is also related to a 4 hourly chart I have linked below, showing bearish candlestick price action currently active, respecting the major resistance / previous price low / pivot area. Recently President Trump announced his budget, but this was not enough to push the USD above the major inflection point. In fact the pair appears to be taking major...
On the 4 hourly chart we see resistance with the long tails / Dojis in the candle price action. They appear to be respecting the Major resistance line which has previously been a major Pivot or Swing line. A lot of selling activity and short positioning may be occurring here. This might be reinforced with the poor US Economic fundamentals, poorly received Trump...
As we can see on CAD/JPY Chart there's probably a channel on play so there a probability on breaking those channel but the overall trend is up and the price already bounce from 38,2% so watch out and happy trading But there's a catch on fundamental DailyFx News Both CAD and JPY have a bearish news Canadian Dollar: Poor Jobs Data + Weak Oil = Further Slippage BoJ...
The USDJPY is in a bearish trend since the beginning of 2017 as suggested by the trend channel. The price has recently respected a long term 61% retracement at the same time as respecting the bottom lower channel of this trend at point A. The RSI is also oversold. These indications suggest cutting long term short positions, but not necessarily going long as the...
As we can see here on EUR/GBP Chart, there a lot of channels that the price can break so stay safe and probably won't take any trades because of the french election. stay safe and happy trading and always remember take your decision when the candle close DailyFx forecast: Trend is up Volatility is 2% on news both went neutral
I was interested in a recent analysis presented by AlexandreFXKG as I am trading this pair actively. This morning I spotted a nice continuation in the price as we expected. However, I am worried about the French Presidential election coming up this Sunday (first round only). I am wondering if there may be some large price moves due to thin markets ahead of this...
Channels pattern suggests possible Long position. I believe it could retrace to the 1.34752 level.
watching the eurusd moving in the channel wait for D level and then long for E level target !!!
Fibonacci levels can become powerful ways to find almost EXACT support and resistance levels and also time your trades. I have used them to predict turning points in markets on short time periods but they also are predictive in larger time frames. How to Align Fibonacci Levels: A very good and objective way to draw your Fibonacci levels is to use Gann...
GLD has become overbought as shown by the Hurst Bands. Price could possibly exceed the overbought Hurst Band (pink colored band). The Starc - (minus) Band has crossed over the middle (light bluw) line of the Hurst Bands. This is typical when price action begins to become extreme. It does not mean that the extreme price action cannot or will not continue for a...