The possible double top formation at the 4H chart and initial reversal indications at the D chart make us go on the sellers side. We are selling at PP0 and R1
GBPUSD has reached important targets and resistance zone at the W and D charts. The HA reversal indications at the daily chart at an important resistance zone, makes a short term top possible. We are looking for Sell entries at any retracement at PP0 and R1. Below you can see the W, D and 4H charts in order to understand our approach and methodology
EURUSD is trying to form a corrective move. According to Weekly and Daily indications we are on the Sell side. Waiting for PP0 and R1 for entries. Stops above yesterday's highs. Keep in mind that the 4H trend is still up and the basic trendlines are containing the move. Below you can see the Weekly Daily and 4H chart analysis for better understanding of our...
AUDUSD has tested the important 0.6700-50 resistance area. We are going to sell an hourly close below 0.6650 for 0.6580. Stops above 0.6700. Below you can see the technical picture of the daily chart
EURUSD has met important resistance area at 1.0350-70 levels and at least a pullback at lower levels is our most preferred scenario. We are Sellers at current levels, adding more at 1.0330-40. Stops above 1.0370, targeting 1.0220 area. Below you can see the picture from the Daily chart.
EURGBP: The pullback at previous tops and the daily pivot gives BUY signal. We will buy at 0.8790, setting the stops below 0.8760, targeting 0.8820.
EURUSD has formed a double top and at the hourly and 4H charts. We believe that lower levels have to be tested and we will try sell positions at current levels adding more at 1.0065. Stop above 1.0105 for 0.9970 and 0.9930
USDJPY is testing yesterday's resistance zone at 145.90-146.10 that now turned to support. We will buy at this area with stops below 145.60. Targets 146.75 and 147.10
GBPUSD is entering into the first resistance zone at 1.1410-30 after yesterday's steep decline. We are sellers at this area with stops above 1.1465.
USDJPY is testing previous lows and strong support. An upside breakout of the sideways formation and of the channel will give the confirmation. We will buy a clear break of 146.00 with stops below 145.35. Targets 146.75 and 147.30
AUDUSD: Sell at current levels for 0.6750 and 0.6710 which will be our main target. Stops above 0.6530
Sell at 1.0050-70 area for a target of 0.9980-90. Stops above 1.0090
Below you can see our technical view for the start of the week of the daily charts of the majors EURUSD The pair is in a sideways formation for over a month now and the top of the range has been tested with Friday's highs. Until we see a breakout we trade the range... GBPUSD The pound has risen all the way to from the bottom to the top of the downward channel...
GBPUSD continued all the way higher towards the critical resistance area at 1.3360-80 which we believe for once more will hold, at least for today. We will test this scenario with SELL positions at 1.3355 and 1.3375. So our strategy is as follows: Entry1: SELL@1.3355 Entry2: SELL@ 1.3375 SL: 1.3396 TP 1: 1.3325 TP 2: 1.3332 (if both entries are filled)
USDJPY is facing resistance at 114.30-60 area and we are going to test it with SELL positions at 114.32 and 114.62. So our strategy will be the following: Entry1: SELL@114.32 Entry2: SELL@114.62 SL: 114.85 TP1: 114.00 TP2: 114.20 (if both entries are triggered)
GBPUSD is heading towards its initial meaningful resistance area for today which is the 1.3275-85 area. We will test its endurance with SELL orders at 1.3275. SL@1.3307 and TP@1.3245
GBPUSD is moving towards support area after Friday's weakness to confirm the breakout. A false breakout is usually a negative sign for a strong move in the opposite direction and for this reason we will hold our targets tight. We will BUY at 1.3195 adding more at 1.3160. 30pips TP target if only the 1st position is triggered and 20 pips target from the average,...
The dollar is on the ropes after yesterday's reversals and in this analysis we are going to present 4H charts of the pairs that are on the verge of major breakout or have already broken out from their sideways formations. Take note ofthe mentioned breakout levels and act if they are broken, As for the GBPUSD we are on the BUY side targeting 1.3360-80. EURUSD The...