Price found resistance last week at 1.16720 forming a Bear flag. This week we look for further declines with a correction providing the opportunity for shorts down towards the target of 1.14932.
After the sell off from last weeks ECB press conference we are looking for a correction into broken support turning resistance at the 1.17225 area which will provide a great place to look for Bearish formations and patterns for shorts down to the target of 1.14932.
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Last week the EurUsd sold off from key resistance at 1.18363 hinting at further declines. As long as price remains below 1.18363 we will be looking for Bearish formations and patterns, and a possible re-test of resistance, looking to initiate shorts down towards the next key area of support target of 1.17225
Before I begin I want to say that it has been a while since I've posted a chart on here. Taking into account that I have been very busy traveling and not trading much during the latter part of the summer. However I have returned and with my return a tremendous amount of research has gone into looking into what I can only describe as the next $OWCP my current play...
Following a weak summer for the US Dollar, momentum has begun to pick up again over the last month as the chances of a December rate hike have increased and traders are starting to price this into the markets once again. In Switzerland, rates remain in negative territory and the Swiss National Bank seem committed to an expansive monetary policy. This policy...
Pound seems to be regaining strength. Ascending trendline bounce off 1.30447 and retraced. currently resting on 38.2% Fib zone. 78.6% retrace (1.35233) then if we break ,1.36584 sellers tried to drive price down but failed. looking out for fundamentals to help drive price up.
NZDUSD failed to break 0.70520 for new lows. Bounced off and retraced to the upside. Shattered 28% Fib zone. Alligators indicate buyers market. Possible retest of the 0.72470 level.
Rebound on the support of 50 + Objective 18,4 + Support 13,84 !
EurUsd lat week broke below key support at 1.17381 and is currently testing it as resistance forming a Bear Flag in the process. As the downtrend is still intact we will look for further declines in the EurUsd towards the targets of 1.16399 and 1.15167 respectively. Only a clear break and run above the downward sloping trend line and key resistance of 1.17381 will...
The EurUsd last week broke down below key support at 1.18455 and is now pulling back to re-test this area as resistance resulting in a Bear Flag formation. A re-test of the 1.18455 would provide a great place to look for potential shorting opportunities down towards the targets of 1.16942, 1.16339 and 1.15167 respectively.
Trading at 111.990. Hovering between 112.200 and 111.900. A close above either of these levels will be an ideal signal as to where we could be heading over the week beginning 25.09.17. A close below 111.960 will mean a retracement towards 50.0 Fib Level (111.00) A close above 111.200 will see buyers target 112.600 - 112.800. Major resistance coming in at...
Litecoin is moving in tandem with the rest of the cryptos, pulling back for some air at a Fibonacci level. Notice how both momentum indicators have clearly turned bearish. Short term this is a sell opportunity, as we look to consolidate and form a 'dragon head' pattern. This will present a buying opportunity in the long term. If not, and there is a solid...
Price has pulled back to key support clearing the way for bulls to come back in and take control of Gold to new highs. A counter trend line break would add additional confirmation the bulls were taking back control of Gold. Targets are set as the next two key resistance areas to the upside at 1,358.10 and 1,375.03 respectively. Further declines in the USD Index...
Price has pulled back to a key confluence area of the horizontal support area and the upward sloping trend line opening the door for longs up towards the target highlight in the chart.
Last week saw bullish momentum coming into the NZDUSD causing price to begin forming an Inverse Head & Shoulders pattern signalling a potential rally soon in the NZDUSD. Price is currently still in the correction phase of the right shoulder and a break of the neckline will clear the way for longs to the target highlighted on the chart which is both the technical...
Price has made a downward sloping Head & Shoulders pattern with a test of the neckline. A break below the neckline test will clear the way for shorts down to the Head & Shoulder Target 1 and Target 2 at the next key area of support highlighted in the chart. The formation of a downward sloping Head & Shoulders pattern however indicates the possibility of even...