$AAPL is looking for support before it continue its bullish move. I am expecting the Earning is good, and likely the price will drive lower before the earning date. I am watching $120 - $116 price area for support - ABCD classical correction. Another deeper support is 108 area, the previous swing low and it may complete Bullish Bat pattern.
This currency pair has been following the downsloping channel and has reached its median line. However, it doesn't seem to be done falling. I think we're going to see it decline down to new lows well below 0.7 level. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or...
I have been hunting for Bear in intraday $GBPJPY Since Monday. Actually, 180 Resistant is my watching area, but seem that 179.20 key line will hold as resistant. if it's true, i am only expecting 177 support area to be tested.
$IYT - DJ Trasnportation Average Ishares is in bearish slope, the crown top formation on Dec'14 and broke of 160.60 key level rang me for changing behaviour from Bulls to Bear.
Ever since GBPNZD made a swing low at 1.77 in April 2013 it's been following an upsloping median line set. However, the resistance at 2.105 has proved to be strong enough not to let it develop any higher. Is this triple top going to be restested ance again? As long as we observe price action above the dotted sliding parallel, it is still an option. We might even...
I expect to see new lows here, as this market looks like it's going to hit the median line or even proceed lower. The NZD has been very weak, whereas the USD - very strong. I know, there's a major low to the left and the phase of the momentum cycle speak for looking to go long. Nevertheless, I can't see buyers stepping in yet. The path of least resistance seems to...
There are lots of things going on in this market, so it's hard not to draw yet another line depicting the forces at play. Anyway, it looks about to make another leg down very soon, probably at least to 1.45. The EUR is the weakest major ccy and the CAD is slowly gaining strength. It is possible that this market is going to meet resistance at the red sliding...
The NZD has been very strong of late and the CHF is weak. The trend is clearly up and price has been folowing the slope of the up Andrews pitchfork for the whole of 2014. For the most part the trend has been corrective in nature and yet it managed to retrace 76.4% of the major May-Jun swing down. However, price has never made it to the median line. Every rally,...
The cable is approaching the potential buy area: a bounce off the median line at the prior high. 1.733 as a target is still in sight, maybe not in one shot, but the trend seems to be up as long as it hasn't been tested. Stops below 1.7. The GBP is still very strong, whereas the USD is weak. However, both currencies are relatively oversold now, so it is going to be...
The NZD is not as weak as it was a week ago, but it's lacking strength, esp. against the AUD, CAD and USD. It has been strengthing in the recent hours and may continue to do so for some time, but not for too long, because it's starting to get overbought. The pair NZDUSD couldn't make it to new highs, stopped twice at the gey horizontal S/R level of roughly 0.8525....
Chart contains all info. Good luck. If you want to know where we might go from here look below in the comments section. cheers