GBPAUD currently hitting resistance line of a bearish trend since September last year. Taking Fibonacci from the highest point of the current trend (in August last year) and lowest point from April this yea), it hits 0.3 Fib level. Structure + 0.3 Fib + Over-bought daily chart, all indicate short. Good luck!
Break of long term trend, close below the red support Potential short, wait for confirmation
USDCAD hit resistance line Friday, 13th and could not break it, also hits 0.7 Fib level unsuccessfully if we consider the last max and mins. It has been in a downward trend since the beginning of the year. In the beginning of May it hit 0.2 Fib (long term Fib), but unsuccesfully, there is also strong structure at that level, so next move is down since it...
USDCHF has been in a bearish trend since last year. It hit a very strong structural support at 0.94767 and went up to 0.98014 which is both very important structure based on past data and also 0.382 Fib level of retracement. It is currently following its decline which has resulted from this 0.3 Fib and past structure. Potentially it might test red support lines...
Bearish trend started, diminishing RSI, many Fibonacci circle levels broken, next target 1.618 and 2.618. Green lines represent previous important structure levels. Red line represents support which became resistance. Particularly important point: 0.9568 (red, green, and fib 1.618 cross). Good luck!
Many prominent economists think that SPX500 will fall down to around 1800 and will go back to 2000 at the end of the year. The resistance line that has been in place middle of last year was retested again at the beginning of April, unsuccessfully. 1HR Fibonacci shows downward trend, SPX500 hit 0.7 level and started falling. RSI for almost all time frames is above...
Bearish trend has been continuing for a long time. Resistance level comes closer and closer to the support. One day and one week RSI close to oversold. Strong structural level at 1.81902 which has been in place for almost half a year. Follow of that bearish trend and if it doesn't break the existing trend and its resistance (red lines), then it's very likely...
EURJPY broke the support that's been in place for more than a month so it is highly likely to start a bearish trend. There is a important structural level at 126.72 which coincides with 0.5 Fib so I assume that EURJPY will jump up to that level and go down again. Now it is in a relief rally up to 0.5 Fib. I would suggest a short position at that level. Good luck!
In January this year we entered a bullish trend. Recently it broke a resistence level that's been in place for half a year. It has been above that level for few days. It couldretrace back to 0.382 Fibonacci level and keep the bullish trend above the resistance. Following the fact that it keeps setting new highs, 0.382 Fib level is a good entry point for long. Good luck!
If EURJPY continues in the bullish trend which it has been following for more than a month, it might potentially break the thick red resistance line which is a very long-term resistance level which implies huge profits in a long position. However, we expect many news that might have a negative impact on EURJPY in the next few weeks so it also can break the...
AUDCAD has had a relatively strong support (yellow line) last year, 2015, and it was violated only once, 26 Feb this year, and it lasted for a week. After the retracement there was a period of bullish trend which finished on 9 March when AUDCAD met a strong resistance level at 1.00500. Bullish trend continued up to the moment when AUDCAD hit our strong SUPPORT...
Weekly chart indicates UK100 in a bearish trend setting lower and lower highs. RSI and CCI show overbought market which means that bearish trend is going to continue for at least few more weeks. Stoch RSI is at 96.47/98.08 which is a clear sign of over-bought market. Given the fact that Goldman Sachs increased its recession expectations from 20% to 30%, one...
Market is clearly over-bought! 1D, 4H, 1H and 30MIN graphs all show clear signs of short opportunity. Coffee futures experience head and shoulders patterns and the next move is clearly downward. RSI and CCI have values of 66.8725 and 184.6364 which clearly indicates SHORT pattern. Stoch RSI is 98.6 way over 80% mark which means over-bought market with no other...
All strength indicators suggest short. Market is over-bought since last few days saw significant gains in terms of long positions. Market has reached a resistance at 4295-4300. Time to short.
SIRI has had a rather stable support line at 3.63 but when it was violated, market tumbled down till 3.30. This has created an over-sold market with a trend in an upward direction. Past support has now become resistance at 3.63. This is a very important line taking into account past structures: market is giving us signals. Therefore, taking into account the...
Coffee futures generally show a clear pattern of systematic ups followed by similar downs. Recently, market has been bearish with structural lows below 120.00, 115.00 and 112.00. Structural low below 112.00 has been followed by a higher support at 112.00. If the market breaks it's first resistence point at 115.90, which is highly likely, then coffee is expected to...