The corrective bounce from the 1.1952 weekly low of 5 February is settling into consolidation below 1.2150, whilst overbought intraday studies unwind. Daily stochastics and the Tension Indicator continue to track higher, however, highlighting a later break above 1.2150, but overbought momentum readings and negative weekly charts are expected to prompt fresh...
11:45 GMT - Short-term consolidation around the 1.3775 Fibonacci retracement has given way to fresh gains, whilst intraday and daily studies continue to improve, with prices now trading above 1.3800. Focus is turning to 1.3900, but rising weekly and monthly charts highlight still further gains, and extension of the broad March 2020 rally towards historic...
11:45 GMT - Short-term consolidation around the 1.3775 Fibonacci retracement has given way to fresh gains, whilst intraday and daily studies continue to improve, with prices now trading above 1.3800. Focus is turning to 1.3900, but rising weekly and monthly charts highlight still further gains, and extension of the broad March 2020 rally towards historic...
13:25 GMT - The anticipated exhaustive run towards the 106.00 Fibonacci retracement has given way to a pullback, as unwinding intraday studies prompt fresh selling interest and push prices below 105.00. Overbought daily stochastics are also unwinding, and the positive Tension Indicator is turning down, highlighting a deterioration in sentiment. Focus is on...
08:40 GMT - The anticipated exhaustive run towards the 106.00 Fibonacci retracement has given way to a pullback, as unwinding intraday studies prompt fresh selling intraday and push prices below 105.00. Overbought daily stochastics are also unwinding, and the positive Tension Indicator is turning down, highlighting a deterioration in sentiment. Focus is on...
13:45 GMT - The anticipated test above the 105.50/68 barrier has reached 105.77, where unwinding intraday studies are prompting short-term reactions. There is potential for a run towards the 106.00 Fibonacci retracement, but overbought daily stochastics are expected to limit any immediate tests in profit-taking. A short-term pullback is possible, but rising...
08:05 GMT - Short-term gains have failed shy of 1.3700, as intraday studies track lower once again and prompt fresh selling interest. Congestion around 1.3600 is under pressure, but negative daily stochastics and the bearish Tension Indicator highlight increased selling interest and a later break towards 1.3500. Critical support, however, is at the 1.3450 monthly...
13:05 GMT - The test below critical support at 0.7592/00 has given way to a short-term FX:AUDUSD bounce, whilst oversold intraday studies unwind, with prices back in consolidation above 0.7600. Daily stochastics are also flattening in oversold areas, highlighting a cautious tone, but the Tension Indicator remains bearish and weekly charts are negative,...
Consolidation is giving way to a fresh test lower, whilst intraday studies track lower, with prices currently retesting critical support at the 0.8815 Fibonacci retracement. Daily readings are mixed, suggesting further consolidation around here, but a break will confirm continuation of September 2020 losses towards the 0.8750 retracement. Meanwhile, resistance...
No significant change, whilst mixed daily readings keep price action cautious. Intraday price action is leaning lower, but critical support at 1.2059/65 should continue to underpin any immediate downside tests. The broader weekly chart, however, continues to deteriorate, suggesting the current consolidation phase is likely to give way to renewed losses. A later...
The anticipated break above 104.00 is settling into consolidation beneath 104.50/58, whilst overbought intraday studies unwind. Daily studies have turned higher, and broader weekly charts continue to strengthen, however, pointing to a later break and an early sign of a correction of the March 2020 bear trend. Meanwhile, support is raised to 104.00. Any immediate...
The pullback from 0.8900 is pressuring critical support at the 0.8830 weekly low of 21 January, where oversold intraday studies could prompt short-term consolidation. Daily stochastics have ticked lower, however, and the Tension Indicator is flattening, highlighting a deterioration in FX:EURGBP sentiment and scope for a later break. A close below 0.8830 will...
I'm expecting a move lower on the Sp500. It is long overdue but I am not going to try and trade the top, I believe the rally up into new all time highs AFTER the strong drop in price will offer up the biggest risk reward. So right now waiting for the drop. Stay tuned :)
The break below 0.7700 is finding support above the 0.7659 weekly low of 18 January, whilst oversold intraday studies unwind. Focus is back on congestion around 0.7750, but negative daily studies and deteriorating weekly charts are expected to limit any break to 0.7800/20. An unexpected close above here will turn sentiment outright Positive and extend broad March ...
Gold Gold Gold, such a wonderful market to trade, such a beast to master. Whats up guys, i never show ideas for gold, but i think its about time i start posting more on here so this is the first step I suppose. Lets hop into it; as we can see, gold is in somewhat of a consolidation zone marked in purple, and this is telling us either price is preparing for a...
Whats up guys, Im back with yet another idea. We posting early this time but its time for me to get on my trading view grind for real. This on is fairly simple right now, and it involves 2 potential resistance levels. The first, which is marked in blue and the second marked in red. Price was pushing down heavily during the night and completely reversed during...
The test of the 126.30 retracement is giving way to a short-term pullback, whilst overbought intraday studies unwind. A break below congestion around 126.00 is highlighted, but rising daily stochastics and the improving Tension Indicator should prompt fresh FX:EURJPY buying interest around 125.50, before negative weekly charts extend losses still further. A...