Refer to my weekly analysis first. If I look at this last move as a 3 wave (which is what I would expect with the larger swing pattern).. It came off equal length at the 50% fib retrace. That box would be where I would be looking. They may not drop it down more considering people watching the trend line. It will come down to whether or not the dollar is done and...
KMI weekly look at some Fib High and low and low to high Retracment measures. I have also identified previous resistance
Price Action: Bullish Pattern: Break and retest of trend resistance Long-Term Momentum: Bullish Short-Term Momentum: Bullish Bias: Long Action: Enter all U.S. pairs after a break and retest of WR (95.16) level. Comments: Price is currently testing the 130 EMA on the weekly chart. This EMA is often the last area of S/R when momentum is shifting. The last candle in...
Bearish Kangaroo tail (pin bar) formed on the weekly chart. Target will be around 1.65700.
USDCHF - 9/24-29/17 Analysis Expecting decline to 0.96000 - 0.95800 levels Followed by rise to 0.97300 - 0.98100 levels * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
USDCAD - 9/24-29/17 Analysis Expecting decline to 1.2235 - 1.2180 levels Followed by rise to 1.2380 - 1.2400 levels Firm break above 1.2400 can signal further rise to 1.2475 area * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your...
EURUSD - 9/24-29/17 Trading Analysis Expecting rise to 1.2050 - 1.2100 levels Followed by decline to 1.2000 - 1.1950 levels Firm break below 1.1910 can signal further decline to 1.1880 followed by 1.1850 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade,...
EURJPY - 9/24-29/17 Trade Analysis Timeframe: 4H Expecting decline to 132.500 - 132.300 levels Followed by rise to 134.100 - 135.200 levels Pivot Point @ 133.95 R3 135.30 R2 134.86 R1 134.42 S1 133.45 S2 133.03 S3 132.53 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK....
EURAUD - 9/24-29/17 Analysis Not a pair I usually trade, but was asked to provide analysis so here's my best take: Expecting rise to 1.51000 - 1.51700 levels Followed by decline to 1.48700 - 1.48000 levels Firm break below 1.47900 can signal further decline to re-test support of 1.44250 in longer term. Projected Volatility for this pair = 60% to 90% on daily...
With the way things are currently progressing for the EURUSD, we could see a third retest of the 1.1875 handle as early as this week. Buyers will likely make another stand especially considering channel support which lies just below 1.1875. However, I’m not interested in buying here. I remain short based on the failed attempt to break 1.2040 on September 8th. If...
hey fellas, 1. Technical Analysis ~The New Zealand Dollar may be preparing to re-accelerate downward for a challenge of lows established in early March against its US counterpart. ~Prices appear to have cleared the bottom of their near-term digestion range, paving the way for resumption of the downtrend begun in early February. ~From here, a move below the...
- EMAs crossed suggesting bullish bias; - Price getting out of volatility channel (upside) - Rebound from the 50% retracement; - Robust weekly candle; - Possible ABCD pattern before any sign of reversal; - Stoch is not losing pressure yet.
We are expecting a pullback, followed by a bullish continuation. Buy lows.
EURAUD has been an interesting pair to watch over the past couple weeks. Price has declined breaking the weekly bullish TL, tested major support as well as bouncing off 200-day moving average on weekly time frame. Failing to close below these is good indication for a bull run. Recently, we’ve seen the AUSSIE DOLLAR decline, as China’s manufacturing news has been...
After a short breakout has failed on the higher timeframes in Sep 2015, an immediate reversal occured and this FX pair went all the way from 0,92 to 1,02. Ever since it hit that high it retraced, but never went as low as the previous low in Sep 2015. A possible trend continuation could follow if the indicated fractal buy signal is hit. It would mean the break of...
Possible scenario if the price break out the weekly resistance.