XAUUSD is approaching its support at 1216.7 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1223.9 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.6% where a corresponding bounce could occur.
I'm going to try this little Cypher just before the US Housing news... Entry: 0.99079 SL: 0.98429 TP1: 0.99924 (.386CD) TP2: 1.00448 (.612CD)
Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your...
Whaaaat´s up traders ? Here is my short analysis for the GBPCHF pair. Im short on this pair as we see major market structures forming. Currently price is above my entry ,but with the right risk management there is nothing to worry or stress about. As long we do not move a larger move (20-50 pips) over the divergence trend line. After 3 levels of rise we expect at...
The EURUSD advance continues as expected and it looks that the bulls are close to taking out the first major price resistance at 1.1500 levels. Nothing much changes on the chart presented here except the fact that prices can be seen breaking above the immediate trend line resistance. The EURUSD is now trading around 1.1456 levels and remains just shy of taking out...
The 4H chart presented for US Dollar Index is indicating that unlike its counterpart ( EURUSD), the index is seen to be testing immediate support trend line around 96.10/15 levels. Please note that probabilities could remain high for a continued drop towards 95.65 levels before producing a meaningful retracement/pullback. Looking into the wave structure, US Dollar...
Yesterday's drop towards 24900 levels might not be the beginning of wave iii yet, and there could be a surprise rally in store. We have added lower degree waves a-b-c, potentially unfolding as wave ii of a higher degree, which could still terminate around 25500/600 levels before wave iii of (3) begins is descent lower. Please note that counter trends might be...
Gold remains bullish above $1195/96 levels, with immediate price resistance seen towards $1235 levels. Bulls could be looking to push through $1235/36 levels, before producing a meaningful retracement lower. Please note that the metal should remain above immediate price support at $1195/96 levels going forward and a safe trading strategy could be to buy on dips...
SPX500 is approaching its support at 2601.6 (100%x2 & 61.8% Fibonacci extension, horizontal swing low support) where it could potentially rise to its resistance at 2814 (100% Fibonacci extension, 61.8% Fibonacci retracement and horizontal swing high resistance).
The Trend Follower Strategy has just bought CHFJPY at 113.224. The system recommends entering this trade at any price between 113.093 and 113.355. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.566. This suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is...
The Trend Follower Strategy has just sold USDCHF at 0.99375. The system recommends entering this trade at any price between 0.99245 and 0.99505. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.50909. This suggests that the USDCHF could be trending downwards.The 14-period Average True Range on a daily chart is...
EURCHF is approaching its support at 1.1357 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1394 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 4.7% where a corresponding bounce could occur.
AUDCHF is approaching our first support at 81.82 (Horizontal swing low support, 76.4 fibonacci retracement, 61.8 fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 82.70 (horizontal swing high resistance, 78.6% fiboancci retracement, 61.8% fibonacci extension). Stochastic (55,5,3) is approaching...
GBPJPY is approaching its support at 144.30 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where price could potentially bounce up to its resistance at 145.93 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 2.7% where a corresponding bounce could occur.
EURCAD reversed off its resistance at 1.5113 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 1.5017 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
GBPCHF is approaching our first support at 1.2753 (Horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2953 (Horizontal pullback resistance, 50% fibonacci retracement, 100% fibonacci extension). Stochastic (55,5,3) is also approaching...