With UJ finishing out the week bearish and all trade Take Profit hit at 109.05, I took a fresh look at this pair from the monthly down. Monthly: Showing signs of bearish engulfing candles and MA's crossing over which indicates structure break. Weekly: Bearish engulfing broke structure and made a retrace wick up to a MAJOR weekly level @ 111.000. Be observant of...
We should wait and see that level breaks and then we can go in, at the moment price will be down and retest that level on the map shown and then we expect to comes up!
Could see another equal measured swing to the downside from the swing that happened end of 2016 until May. Looking for Price to fall to 123.00 - 123.25 . This is a very long term bias but i see Dollar weakness for the next couple of months .
as we can see, this channel reach new record high for this year at 1.3114, and still at channel up trend. But its almost reach channel up pattern resistance level. So the best option for this week are waiting for small retracement, and enter long at CSR (1.2976), with target at 1.3290 Use stoploss at second CSR bellow 1.2818, aim for 300 pip with 2 RR ratio will...
US$ Index may BULL after a harsh fall last week.
There is a possibility that GOLD may Fall in the upcoming week if only US$ gets support which is now in a good demand zone.
GBPJPY SELL - WATCHLIST Looking for short opportunities on the smaller timeframes.
MaidBTC shows good profit near future- fibo and channel-weekly analyses
As we can see on NZD/USD Chart Price Is gonna hit 50% fib level there's a possibility that the price will bounce or gonna go dip to the down trendline so watch out and happy trading. DailyFx Forecasts Trend is up Volatility is 15% News Kiwi is bearish USD Is netral Like and follow for more
As we can see on CAD/JPY Chart there's probably a channel on play so there a probability on breaking those channel but the overall trend is up and the price already bounce from 38,2% so watch out and happy trading But there's a catch on fundamental DailyFx News Both CAD and JPY have a bearish news Canadian Dollar: Poor Jobs Data + Weak Oil = Further Slippage BoJ...
NZDUSD had a rough ride for the most part of last week. The decline was quite aggressive and leaves no room for a proper retracement play at all. However, for the new trading month, NZDUSD seems to have stabilized after hitting the low of 0.6848 last week. Going forward, a corrective bounce is in the offing which should have focus shifts to the 0.6950 region. i...
As we can see here on EUR/GBP Chart, there a lot of channels that the price can break so stay safe and probably won't take any trades because of the french election. stay safe and happy trading and always remember take your decision when the candle close DailyFx forecast: Trend is up Volatility is 2% on news both went neutral
Still Bullish on EURJPY Weekly Long setup. Classic break and retest.
Talking Points: DXY Technical Strategy: Keeping bullish outlook but temporary correction due Elliottwave Count: Nested impulsive count, wave 4 correction is due Analysis DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. As per our last analysis, we were suspecting corrective count towards 100 level as...
Talking Point: Technical Strategy: Bearish Elliottwave View: Bear count confirmed Analysis From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. From last analysis and trade signal on which we earned +138 pips from shorting...
Talking Points: Technical Strategy: Bullish can be confirmed soon Elliottwave Count: Wave 2 can mark completed Analysis As per previous analysis, AUDNZD (Australian dollar / NewZealand dollar) was expecting to complete it's wave 2 correction @ 1.0350 after having an high over 1.0726. We were seen corrective move towards 1.0350 in expanded flat...
Talking Point: Technical Strategy : Confirming it's bearish outlook Elliottwave View : Reversal confirmed and counting impulsive waves Analysis We are tracking AUDCAD (australian dollar to canadian dollar) since last month. It was trading sideways from Aug-2013. We were seen May-2015 a declined again but unable to takeout Aug-2013 low in impulse manner. We...
Based on the technical analysis, a negative breakout is on its way, at least tested somewhere around October 10-13. The high volatility of Gold makes me doubt a little, and also making such forecast ahead of a NFP report is tentative for the newbie I am. However, recently the market reacts less to the real numbers than to data the exceeds expectations. I don't...