All we need is confirmation. I like this idea to the downside, I think it's quite possible. But we need to be careful, as I think this pair has an element of surprise in it. I am going to make a call here and say, watch the 240 and 60 min charts. Wait for a little reversal to the upside. If the buying will look very weak, then I think we can enter some SHORT...
OK, so this interesting. We are now at this support level, that could potentially be a bouncing point. But then again, all the brokers know that as well, so could be some forced selling. It's a great level, but be very careful. The only thing here is to observe today's close: If it's above 12450, then this support COULD BE a bouncing point, but if it's below...
If this is what I think it is, then this could be a great trade opportunity. If this gets confirmed that it's a Head-and-Shoulders, then 1.00000 here we come! Certainly, it's a bit too early to spread the positive vibes about it, because anything could happen. But if it gets confirmed, then this could be a BUY opportunity for a couple of months. I wouldn't be...
It has built this 'kinda' symmetrical triangle and it's starting to range in it. As I said, ideally, I would like to see more selling towards the 7300 level. But, of course, things that I want, the market most of the times doesn't want. This one is a bit difficult to call, to be honest, because we already had some selling from the last peak, so now it could...
Watch this pair closely. If it's going to close below the lower wedge line, then we could potentially see some more selling. Let's hope for that. Keep an eye on the price action!
Personally me, I would like to see some more buying, but on the longer perspective, it seems that it's flagging out. It is breaking the steep downward trend right now, but be careful, as it looks like it wants to touch the 1260 level. It will probably have a think about around that level, and if it will decide that it will want to form a flag, then we could see...
You know what happens when everybody starts to hate a certain commodity, or currency, or an index, or a stock? It creates value for money. Not always, of course, but in most cases. Everybody is skeptical about GBP. I'm not a huge fan of it as well, but I know that markets like to surprise everybody. And when everyone is skeptical and negative about a currency,...
So this is looking interesting now. The steep trend might be meeting its resistance. Depending on how this week will close, and if it will form a Doji on the Weekly, then there is potential to break the steep trend line to the downside. But better watch the levels, as this pair could take a lot of Stops out. I am going go ahead and make a call here and say that...
Not much to say here, apart from watch the breakouts. I am leaning more to the upside... But hey, what do I know, I'm not Nostradamus. Just an idea. Keep an eye on the price action!
One of my favorite ridiculous charts to analyse. Why? Because it's always a mess. I would like to see some selling to the 0.87650 level, or even better, the 0.87000 . Looking for the Pound to bounce back up for a bit, which could push this pair lower. But, of course, this is speculation. But if the 0.88500 level (resistance) won't hold, then we could see some...
Enough of this sell-off. It needs a bit of retracement. Looking for a little BUY. It could still go to the downside later on, but for now, I am being a bit bullish.
Watch the close! Honestly... Did it finally made up its mind? Well I hope so. This could be a potential SELL and get closer to the 200 MA, at which it could reverse back to the upside and continue its rally. I am really hoping that it's exactly what it will do. Certainly, if we look a bit closer, then we will see that DAX was screwing us over a few times with...
Euro is balancing on an interesting level against the Pound. So TradingView's indicators are showing that it's time for it to blast off to the upside and other platforms are indicating that it could potentially sell off. So go figure... I am leaning to the downside, if it will close below that upper trend line where it is balancing now. I still think that it will...
Really messy chart! I am still negative on this pair. Maybe I'm wrong. Could be, but I think that GBP could recover and go higher. A lot of key levels to watch. Keep an eye on the price action!
Check out my previous post on DAX. This channel is great. We really need to break it at some point, but the big question is which way? It is difficult to make a call here, apart from observing the potential breakout points. Just wanted to share and remind this formation. As always, keep an eye on the price action!
We are at an interesting point here. I don't normally look at this one, but this is looking nice. If we get crazy news today from Canada (13:30 UK time), then we could see a nice move, also fueled by the whole UK nonsense that's happening right now. But if there won't be any significant moves on this pair today, then we will form a beautiful doji candle, which...
So the Canadian Unemployment numbers are coming out today at 13:30 UK time. Could make a few nice moves. Now then, there are two scenarios - either it's going to go up or down (Captain Obvious right here =) ). If it breaks the upper pink line, then there is a chance for re-testing the 2016 trend line. But, if it will break the blue dash line, then I believe...
I understand that it's not really recommended to make any decisions on the Euro or the Pound, but I think that this could end up being to the down side. Maybe it could have been just a range and it will head higher... Maybe... But for now, I'm just looking at the indicators. If this plays out they I want it, then SELL about now and aim at least to 0.86 . But...