USDMXN broke lower limit of triangle pattern Price is based below HVN at level 24.0610 which indicates that pair is in distribution phase Below SMA 100 on H4 frame MACD shows bearish momentum RSI is in downtrend It's expected going down testing daily support level at 22.0264 which corresponds to 127% Fibonacci expansion
Hi Traders, Have a look and see if it will make sense to your bias. Good luck, FIBZ
USDCNH broke key level at 7.0990 Pair is downtrend Price is based below HVN at level 7.0931 which indicates that pair is in distribution phase RSI rebounded from level 50 which is considered to be resistance level It's expected to test the demand zone at level 7.0525
Sharp bullish wave ended at level 25.5137 Now USDMXN pair is in trading range forming Head and Shoulders pattern MACD shows bearish momentum It's expected to target first neckline at level 23.8222 then target demand zone at level 21.0992 which corresponds to the classical target of Head and shoulders pattern
USDSGD is in major downtrendline Price broke key level at 1.4215 Pair is based below HVN at level 1.4239 which indicates that price is in distribution phase MACD shows weakness in bullish momentum It's expected to target demand zone at level 1.3873
USDSGD now is based below HVN at level 1.3887 which indicates that pair is in distribution phase preparing for coming correction We r waiting price breaking support level at 1.3840 for opening short trade MACD shows bearish momentum First target will be at key level 1.3678 Second target will be around demand zone at level 1.3447
USDZAR formed head & shoulders pattern Price rejected from 61.8% Fibonacci of preceding wave at level 14.9555 and confirmed by bearish engulfing candle Below moving average 100 MACD shows weakness in bullish momentum RSI reached overbought region It's expected for coming strong bearish wave to test key level at 14.2780
USDSGD rejected from supply zone at level 1.3925 Bearish movement is confirmed with bearish engulfing candle MACD shows bearish momentum RSI broke uptrendline on H4 frame It's expected for strong coming correction to retest HVN at level 1.3626 then go down towards the key level near 1.3510
USDZAR rejected from downtrendline and key level 14.5313 Pair is based below HVN at level 14.7587 which indicates power of bears Price reached overbought region on RSI MACD shows negative momentum It's expected for coming bearish wave to test the demand zone near level 13.8640
We still below a daily trendline. So we should see more of a drop on this exotic? See if this fits into your idea and follow if you like our ideas! Regards, FIBZ
Strong bearish wave (A) occured ended at level 1.3443 then price is pullback for retesting strong supply zone at level 1.3514 Price is rejected from 61.8% fibonacci level from bearish wave (A) Pair broke corrective uptrendline after forming corrective bullish wave (B) Now USDSGD is below Moving Average 100 MACD shows bearish momentum We r waiting for breaking the...
USDSGD is based below major downtrendline and key level @ 1.3513 Bullish pullback occured and rejected by Moving Avg 100 MACD shows sell signal Coming strong bearish wave is expected
USDMXN is coming out of a bullish reversal contraction which has found support at an important DC level 18.89460, only then can we focus on trading till the TP levels (green). The main two resistances price action needs to break are 19.04180 and 19.12485. TP #1 - 19.27560 ( pips 3299 / RR 2.27 ) our profit target TP #2 - 19.36510 ( pips 4190 / RR 2.90 ) SL -...
USDZAR broke major uptrendline on H4 frame Support region at level 14.4959 is broken Price is below Moving average 100 It's expected that the bearish wave will continue till the key level at 13.8084
USDMXN rebound from strong demand zone on H4 frame Price broke downtrendline Trading above Moving average 100 It's expected to go upwards to the level 19.21 then price will throwback to get the target at HVN near level 19.5588
We have a possible right shoulder for price action guys and end of wave 2 and beginning of wave 3 for Elliot enthusiasts. Good luck, Fibz
Hello Traders. This is Fdz Bringing to your attention my analysis on the Chf/Zar pair. I spy with my eyes a completed Inverse Head & shoulders turned into a Cup & handle. both patterns are bullish. retest/handle seems complete. might rally when reports are released. Im placing my stop under the shoulders. Tp in place. Happy trading.
USDSEK has been bullish for some time at its all time high and it looks like the bears will eventually come through 1) First thing I noticed is a clear head and shoulders 2) My trendline was broken by a bearish candle which shows the supply for this pair 3) Looking for retracement and continuation to the downside. Fib level lines up perfectly.. Looking for price...