Due to our bias and involvement in the EURGBP trade, we have avoided trading the GBPUSD since it runs counters "sortof" to our trade idea. Thus Revelation Trading has stuck to our belief by being consistent with our trade idea. Yet today on 24th July 2017 we initiate a cover on the GBPUSD. The GBPUSD is in an uptrend regardless of the current retracement....
Everywhere I like I see ranges, NZDUSD has been ranging for days and day, EURUSD is weeks into it's range, USDCHF as well and EURGBP has been in a large range for well over a years. EURJPY has a smaller range but a nice possibility of a trade in the works. I want to see price rejection off 126.00 area, sell a trend line break and target the missed weekly pivot...
Last week's last trading day, we've seen the Euro -- after its extensive pushes -- take a rest before any possible strengths to come. Along with this was Yen's upside push due to impressive economic data. As drawn, which is best viewed at 1-hour chart, we can see that prices have fallen below the 200 sma (I use this as a basis for possible early entry for trend...
AUD/USD is finding support above the 0.7145 low of May, as oversold short-term studies unwind. A corrective bounce is highlighted, targeting the 0.7310 break level from November, but any further gains should find difficulty clearing congestion around 0.7400, as the Tension Indicator (not shown) continues to weaken and mixed background studies keep investor...
There has been no change in the dominant USD/JPY trend, with prices extending the rally from the 101.15 low of November. Focus is now on the 115.60 retracement and 115.96 break level from January, but any immediate break is expected to fade beneath congestion around 117.00, as short-term studies are already overbought and stochastics remain overstretched. Any...
The anticipated minor corrective pullback has been seen, with prices unwinding lower before posting a sharp bounce from the 99.43 low of 8 December. Immediate focus is back on the 101.80, (61.8%) retracement of the 2001-2008 fall, the 102.05 monthly high of 24 November and 102.15 high of March 2003, but mixed daily studies suggest potential for consolidation...
AUD/USD is extending the bounce from the 0.7311 monthly low of 21 November, but difficulty is seen sustaining further gains as short-term studies turn mixed. Congestion around 0.7600 is expected to provide a strong barrier, as investors remain cautious, with prices to settle into consolidation above 0.7305. An unexpected break below 0.7311, however, will turn...
EUR/USD is balanced in choppy trade above the 1.0538 low of December 2015, as short-term studies turn mixed. Fresh losses are looked for in the coming weeks, however, as momentum studies and the Tension Indicator, (not shown), continue to weaken, with a break below critical multi-year support at the 1.0456 low of March 2015 opening up the 1.0330 year low of...
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point. Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;) Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big...
We are still waiting for yen to pass through the 106 area to confirm that price trend is once again up. eeetradinganalysis.wix.com
As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330. We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330. We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
Unlike Gold, Silver may still move one step high reaching 17.55 before turning bearish.
Last week, Aussie did retrace up to 0.7500 level but wasn't able to reach our max target at 0.7570. Price temporily corrected down, and while it is still contained inside the bullish channel (yellow), we can still see this pair rally toward its 61.8% retracement or even higher.
Last week, Euro did make a new high at 1.1420 before price declined. For the moment, we may see price rise up again towards 1.1325 - 1.1345 before becoming bearish again.
Cable was not able to move up to our target from our previous analysis. Instead, it continued moving down, which tells that a top has been formed already. Price has room towards its 1.618% fibonacci level at 1.4055 before it corrects up.
Cable's movement shows it is still on its corrective stage which might top at 1.4675 - 1.4730 areas.