Pretty clear setup. Watch for a channel break on the 4hr timeframe: if it breaks, let it consolidate, then short. Stop Loss: 124.12 First target: 121.6 Second target: 118.54 Third target: 115.45 Trade with care and remember money management rules.
The aussie currency should have a slight edge over the New Zealand dollar, in the medium-long term, therefore the AUDNZD should be ready for an upward impulse. Again, it is not a matter of if, but a matter of when. It's either going to go now, or look for a further slow downward consolidation towards the 0.786 Fib and then proceed towards the 1.95 - 2.1 area.
On the monthly timeframe we can clearly see that after an extremely impulsive downward movement, the european currency has progressed with a further downside consolidation, touching the long term minimum of 1.4 in 2015. Right after that, the cross has abruptly made a very strong upward impulse, followed by a more structured pullback correction, which seems to be...
A strong impulse started on the FX_IDC:EURNZD pair in April 2015, followed by a very very long corrective structure which seems to be completed. Divergence on the daily timeframe. Updates will follow.
As with every other market, Gold is subject to big and unforeseeable movements resulting from the decisions of very powerful players. And so it happened. This week, FX_IDC:XAUUSD broke a very clear bullish flag, only it did so downwards, suddenly reversing it's trend. As it appears looking at the weekly timeframe, FX_IDC:XAUUSD is going to re-test the main...
AUDUSD was at the daily trend and broke it. Unless it's a false break, and it doesn't seem like it, from now on it's short, on FX_IDC:AUDUSD . Updates on potential setups will follow. Please follow or like if you think our analysis can be of help in your trading.
After a strong impulsive downward movement, inside a major weekly channel, FX_IDC:EURCAD is retracing back to its .786 Fib level, which also coincides with the second weekly resistance and the upward trend line. Many reasons to go short, here, the biggest of which is that on the weekly timeframe, you can clearly see that FX_IDC:EURCAD is at the end of a longer...
FX_IDC:GBPNZD in a nice clean bullish H&S pattern. Long entry at: 1.7038 SL: 1.6943 TP1 (H&S): 1.7347 Updates will follow. Please like my post or follow if you think my analyses can be useful to your trading strategies. Trade with care.
After a first bearish impulse, FX_IDC:EURCAD is retracing back towards the 0.50 Fib level. A good opportunity to go short on what could be an ABCD model, direction towards the final target of 1.366 (on the daily and weekly structures). Entry level (short): between 1.4624 and 1.4688 Stop Loss: 1.48 Final Target: 1.366. Updates on intermediate targets will...
A bearish flag seems to have finished its consolidation and FX_IDC:USDCAD is directed towards a final destination of 1.1018. Short entry: now, at 1.33095 SL: Above previous high Final target: 1.1018 R/R (final target): 1/33 (Yes! that is correct!) Updates on other potential short entries will follow. Trade with care, and please don't forget to like or...
FX_IDC:EURGBP is in a correction after a strong impulse to the downside. More downside to come: it is either going to break the bottom pennant trend line, or do a small final upward and complete "E" point of an ABCDE structure. Short entry: 0.8896 or higher, at 0.8912 (for a better RR ratio). Stop Loss: 0.89224 Target: 0.8805 RR: 3.38
Seems that wave 4 correction is about to finish in FX_IDC:NZDUSD . Great opportunity to go long, with target in the 0.735 area, which coincides with long term trend line. Long entry area: 0.714 - 0.7155 SL: 0.7712 Target: 0.735 RR: 6.12 Trade with care and remember to like my analyses if you think they can be useful to your trading. Thank you
As per the title. Potential AB=CD in formation on FX_IDC:NZDUSD Long entry at: 0.71504 Target at: 0.73655 SL: 0.71 R/R: 4.21
Believe it or not, the Cable is directed towards parity. Monthly analysis clearly shows a 3 wave movement, with impulse, consolidation, impulse, with a 64% percentage price meeting target in the 1.1509 area, and a flag target in the 1.00 area. Seems that the Cable won't take much time to get there either. Quite impressive.
TVC:USOIL has completed a long harmonic structure, and is headed to the $43 area. Updates on potential setups will follow, if possible. Please follow or like, if you feel our strategies can be of help in your trading.
Great buy opportunity on FX_IDC:EURJPY with excellent R/R Ratio. EURJPY has broken trendline and consolidated. Has also reached on 0.618 FIB of last upward swing, making it the perfect moment to buy. On the daily timeframe, has consolidated after quite an incredible bullish engulfing candle, with a final target in the 120.6 area. Long right about now, at...
The interesting thing of the relationship between the european currency and the British Pound, is that while it took five years to go from the 0.90 area to the 0.70 area, it only took one year to climb back up from the 0.70 area to the 0.90 area. The monthly trend has been massively upwards, in fact, for the FX_IDC:EURGBP pair. Now that we have reached the third...