JV_fx

JV_fx Updated 

The price is moving towards 1.2500 and it could probably reverse back to the NFP news opening.

JV_fx

Price is at the upper channel currently and this looks indecisive as price is touching it. Would it break it on Monday to hit the psychological level 1.2600 or it will retrace to 1.2500? or would it return back to this week low 1.2400 by next week?

JV_fx

Price is moving in a big rising channel on the uptrend. Last week falling wedge landed on the rising support this afternoon. The movement showed that it was retracement of the uptrend except that it was a changing of trend to bearish trend.

JV_fx

There is an identification of falling wedge that seems to be respecting falling support. There is a consolidation and the probability is high that there is one more push to the downside to touch the falling support before the price will potentially break the falling wedge to the upside. The possible target is 107 where the price will likely form triple tops.

JV_fx

M15 shows breakout of bearish flag. Would it descend 200 pips or 400 pips? Lets see how how it goes before this week runs out.

JV_fx

There is break of descending trendline and retesting is occurring. About 2 times retesing. If it holds, USD will be strong.

JV_fx

Last week was more of consolidation for big move this week. From my chart I have major lower low trendline and high high trendline that I'm anticipating for price to reach. Minor higher high trendline may be tested and respected and fall to major lower low. My concern is slant rising support has been broken in DXY lower time frame. If it is breakout, EU will...

JV_fx

There is probability that dxy will become strong for the rest trading days of the month. If it does, 300 pips to the North will be target.

JV_fx

The long term view of EURUSD is 1.0500. Let's see this week goes if bullish could push it higher.

JV_fx

Today being Friday, EURUSD is showing signs of consolidation at the top of bullish market. The question is that would it continue to rise to close at 1.0500 or fall below 1.0300 or 1.0200. The rising channel looks broken and price is retesting it. My today's bias is sell. Selling could be deep retracement to 50% of last week high and low because price had...

JV_fx

Price seems to be at the premium and bulls could not push the price futher. Sellers seem to be in control now.

JV_fx

The price is showing cup forming. There is also ascending trendline that appeared broken.

JV_fx

There is high possibility that EURUSD price will reach 1.0600 or 1.0700.

JV_fx

EURUSD is showing one more impulse to upside to complete elliot waves. Based on H4, retracement to downside is over noon today as M30 candle formed doji candle with momentum candle.

JV_fx

Possible bullish push to clear previous weeks highs before massive sell. There is sign that market is bullish this week but price will likely reach this week high today before selling begins.

JV_fx

Market is showing potential of selling after several attempts in retesting 1.1520 zone.

JV_fx

The price is likely make sell down below 1.2000. As the news is about to starts, lets see.

JV_fx

The long term potential target of GBPUSD price is potential cup to upside or downside. The way price has been moving shows that bullish is either slow uptrend or correction for major bear trend. Weekly candles showed bullish engulfing and without retest yet. The probability that it will retest it is higher and it could lead reaching 1.2000.