Global_Markets_Analyst

Global_Markets_Analyst

EURAUD weekly. Confluences for a short are: Curve Resistance, historical resistive level, inner Fibonacci D1 achieved, Weekly TL break and retest, 6 day doji, hidden divergence, head & shoulders. 1.3600 on the cards followed by lows of 1.1800.

Global_Markets_Analyst

Here we have AUDUSD hourly showing break retest of pivotal curve at the 61.8% retracement level confluent with a previous support zone. Stops above 0.7950 and final target at D2 extension 0.78150 (-61.8% extension) is a trade I am favoring.

Global_Markets_Analyst

EURAUD 4hr. For the head and shoulder pattern to be valid I believe the down leg after head formation should've gone to the neckline at around 1.3890 (shown by ellipse with question mark). Instead the pair was halted at 200ma confluent with 50% retracement and created a higher low, invalidating the h&s in my opinion. The pair may now respect this ascending...

Global_Markets_Analyst

Dow Jones monthly chart. We have an ascending curve (shown in blue) going through major turning points of this index. As the curve gets steeper the acceleration of this index to the upside increases. The index is now retesting the curve for the second time after trading below it from 2009. Very sharp gains as of late may be capped at 21000 which is also a cloned...

Global_Markets_Analyst

This 4HR EURAUD chart shows a potential cup and handle pattern along with an ABCD pattern where AB leg is equal to CD leg. I have a a target of 1.5200 which is confluent with -61.8% Fibonacci extension and also previous daily resistance from back in April of this year.

Global_Markets_Analyst

Here we have the daily chart following the monthly. This chart clearly shows the retest of long term Counter-trendline and also rejection off the 61.8% fibonacci level. Waiting for the daily TL will provide the optimal risk:reward to go short.

Global_Markets_Analyst

Here on the monthly chart for Crude oil we have a clean retest of the long term broken counter-trendline after a break and pierce through the 30.00 level. There is also a daily 61.8% (golden ratio) retracement which adds to my short bias.

Global_Markets_Analyst

AUDJPY daily timeframe shows a rejection off the 61.8% fib level and also a retest of the daily broken counter trendline. Not only this we have a 3rd touch and bounce off the dscending resistance trendline. Looking for a strong downward move with targets at the 80.00 support zone.

Global_Markets_Analyst

DXY 4HR timeframe we have a shooting star formation after a 50% retracement, which marked the 2nd lower high in the current downtrend. We also have MA's about to crossover, with price approaching a trendline which I believe will be broken and retested before heading down to the -0.27 fib extension to create the second lower low.

Global_Markets_Analyst

This weeks candle ended a shooting star off the retest of a previous support area and support trendline retest, after bouncing off the bottom of the box range, which is identical to the previous range.i expect price to head down to next supports which may turn to resistances in the future. These are confluent with the box ranges and fib extensions -0.27 and...

Global_Markets_Analyst

AUD/USD weekly chart previous supports that are now turning to resistance, with next targets at historical supports that could turn to resistances, confluent with fib extensions -0.27 and -0.618. There are also extra confluences with identical box ranges which I have drawn, highlighting the areas in which price is ranging and breaking out. For example the middle...

Global_Markets_Analyst

After, worse than expected retail sales figures for the US on 14/04/15 we had a pullback into the 38.2 fib retracement which was also a previous demand zone, now turned supply, after which price continued back downwards. Overall the Bias for this pair is short down to 1.02 at the -61.8 fib extension. In this chart, the ABCD fib Pattern shown could come into play,...