Cable is on severe downtrend since Brexit vote last summer. We are in the middle of a corrective move of recent major drop, and in the start of the probably last 5th major circle wave from the move that started since July. Now we are either in the 1st of the final big 5th wave or just in the xyz-xyz correction. I don't wanna go in further detail, lets wait if we...
In this chart I conducted a very detailed time at mode analysis of the monthly chart in gold, adjusted by the world's investor's perception of the dollar to give us a clearer indication of its value.
Right now, the chart suggests gold might have bottomed in the intermediate to long term.
This is by no means a small claim, I know, but the technicals on chart are a...
AUDUSD seems to be reversing the long term downtrend that started in July 2014.
There's only one week left in the largest mode's signal, and after exceeding the target, price formed a double bottom, and we observed a very strong rally emerge after its completion.
I'll be placing pending long orders here, similarly to NZDUSD, to try and capture the uptrend if it...
Analysis on chart, I think this is a very good long setup and high probability of success.
If we get stopped we can try a bit lower with a stop at the monthly mode, but I'll try a tighter stop first.
Targets:
1.50165 - 75% confidence of retesting it
1.65801 - 60% confidence
1.72 - 55% confidence
Good luck gents!
Ivan Labrie
Time at mode FX
We have an interesting trade setting up in GBPUSD.
The time at mode signal points to an intermediate term decline to 1.4222, that can extend to 1.39366.
What's interesting about it is that the resistance above very strong and that the signal generates close to the expected Fed rate hike week. I think we might get a fill this week, and if the trade works, it will...
In this thread I'll study the relationship between the offshore yuan and other FX pairs.
We have two signals here, a monthly one aiming at 6.72254, to be reached before August 2016, and a daily one pointing to a very vicious decline towards 6.23893.
What's interesting here is that usdcnh seems to be a good leading indicator to trade the Aussie dollar and other...
If we analyze the 4h, daily, weekly and monthly charts, we will find an abundance of reasons to go long EURUSD in this region, to name a few:
Dax is moving down, EURUSD normally correlated to it, lagging.
Ichimoku cloud support between 1.113-1.103, and lagging line about to bounce from old price
Time at mode 4h trend signals' targets about to get hit...
