I got Bullish Fibs and bullish MedianLine on $GBPJPY, EW? Well I think there is a simple 5 waves correction. The pair tested 176 support area. It is good enough reason for GBPJPY to go North. Medium Resistant will be 180 area. But I am expecting for near 190 area.
I don't find any good sign for GBPUSD to go for bullish, but Likely USDJPY will continue the Bulls...
I have been bullish since $20.50 re-test on $GDX and I still have no clue for exit. But the last High, $23, was the test of my Upper Decline MedianLine for longer term. I like to watch closely on this.
$AUDUSD is sitting on the 0.8047 Support which is the Low of May 2010. Where will it be going ? Will this support hold ?Can we say this is the bottom ? Let watch this line more closely.
$SPY made an upthrust to 212 before it turn down. and it made a spring on 198.85 support where previous daily swing low was 198.00. Volume is also declining, if SPY show a weak bar, it may break the support for more deeper move. I am watching 190 area support before testing 182 support. There is bulls potential, but I need more reason for going bullish, since the...
$GBPAUD Daily chart is forming a nice pattern. A Spring potential on 1.8375 support and Fib Cluster Ratio. Those formation are my reason to switch my APF from Standard to Modified Schiff. My Intraday Resistant Target will be 1.8800 area, but for long term I like to see 1.9200 area resistant.
Idea is based on median line analysis and simple support resistance. The rationale behind this setup is shown on the chart along with specific targets. Good luck
Clearly the strongest trend in fx majors now. The AUD is getting overbought, so another leg down is likely to develop. Is the 0.8 level going to be hit? Well, I don't know, but 0.805 is possible, if bearish momentum grows.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading...
If CADJPY returns to the lower median line parallel, there should be a buying opportunity at that level, esp. because it would coincide with the prior highs. The CAD is currently the strongest currency, while the JPY is the weakest, which makes this pair a perfect match for trading long. Now I wonder, if we're going to see new highs, or perhaps the time has come...
The pair has started to exhibit a fresh bullish momentum. I think it's likely to get to the light blue median line, possibly retesting the prior swing high level at 1.3842 as well. Or is it just a correction in a correction? Market seems to be in the process of fighting the red bear trend line and if the trend line holds, the correction will continue.
The USD is...
There are still two pitchforks in play. On the bullish one price is heading for the median line, whereas on the bearish one price has broken through the upper median line parallel. Is it going to follow the red fork or the blue one? Both currencies (NZD and CAD) have become weak and their relative strength is quite equal. The long-term trend is still bearish, but...
It never ceases to amaze me how price seeks out median line and median line extended targets time after time. NZD is still in a strong downtrend, but it had a nice reaction off the 1st warning line of the lower median parallel. Is more downside in store?
At this point I'm still bearish, but the nice bounce off the line makes me want to wait and see before...
Price has started to trend outside the fork, which means the trend's become relatively strong. The GBP is weakest currency of all the majors, whereas the AUD is still very strong. The pound's momentum is in a recovery (rising) phase - thus the correction. The AUD's momentum is already at the oversold levels. The correction, if continues higher, is likely to reach...
After the large up move from A to B price has started to consolidate. Rather than find support at the lows at C, price has blown through those lows and the .382 retracement. Median line theory tells us that if price passes through one line of a median set, it will likely reach the other.
Since there seems to be no end in sight to the down move, since we are...
USD/CAD has completely and violently reversed it's large leg down in June and has given a shallow pullback. Price continues to consolidate, but is grinding out higher highs. Look to buy a pullback to the small median line and support/resistance line in red. Stops should be placed under the swing at C. Profits should be taken into the larger upsloping median...
It seems to me that GBPUSD is gathering energy for the last move down - to reach the big-scale 50% reatrecement at 1.6522. The 1.66 key level has proved to be a strong resistance for the recent price action. Should it fail to hold though, price might get to the median line, thus retracing 61.8% of the recent swing down. But the down trend is very strong. GBPUSD...
Idea is based on a combination of Elliot Wave Theory and Median Line Analysis. The rationale behind this technical analysis is shown on the chart along with specific targets. Good Luck
Idea is based on a combination of Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. Good luck
This idea is based on an experimental approach I have been working on using Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. If you are going to copy this setup please do so at your own risk. Good Luck
