Our Unique Forex Algorithm is looking for USDCHF to resume it's 2 month rally if certain prices are broken. Please refer to the chart for more details.
Our Unique Forex Algorithm is indicating EUR/JPY may see a selloff if a specific price is broken. If this event happens then the forecast price is projected to be hit within 48 hours. Please refer to the chart for more information.
We are looking at a possible short in EURCAD if the 50% Fib can hold it from moving much higher. With the RSI & MACD both in overbought territory we would like to see them both confirm a move down before taking action. Bollinger Bands may also hold this pair from moving much higher and causing a pullback. The overall trend is lower over the past 12 months, we...
The Double bottom here on this pair is a little more rough then I would normally like to see but I like the response and the way that it is headed towards a .618 retracement. I have not shown stops and risk reward but stops can go above the high point in between the peaks and by looking left you could have an earner up to 70 pips.
In the past months this pair has been moving in a 500 pips range. At the end of May the pair has started to gradually descend lower.My wiew is that this is just the start of an extended 500 pips bearish move. On the big picture (1Weeek) this bearish trend is just a regular retracement for the larger bullish trend. Since i always back my prediction with...
USD/SGD is approaching the 1.2400 level which is an extremely viable support level as shown on this daily chart. To go with it is a new bat pattern with the .886 landing harmonically at this 1.2400 level. I would get in front of it ever so slightly and look for a retest of the 'B' point at 2560s or so. We also are seeing some bullish momentum divergence which...