The pair broke its 3 month upward turn around the 1.3665 area and followed a steep fall until last Friday. It has been oversold for more than 600 pips and it found support around the weekly trendline and s&r are of 1.3080 -1.31. We can wait for the pair to retest again the 1.3080 area and it could be a clear BUY position.
The pair is trading near the 0.50 fib after it reversed from a huge downturn at the beginning of Jan. Also is the upward trend is pressured by the 800 Daily EMA and the 200 4hr EMA laying around the same area as the 0.50 fib. There is a huge possibility for retracement and continuation of the downward trend to low area such us the FX street line of 108.50 and...
The pair has been overbought for the past month, there is an M formation on the daily & 4hr timeframe, a break below the 0.6870 area could open the doors for 0.68, a bounce on the 0.6870 could mean a further upward trend for the pair which is outweighed by the major resistance around 0.6920. News on Wednesday may boost the pair to retest the 0.6920 pair. Our...
Kiwi skyrocket after the DXY downfall reaching the 0.73 resistance level. Now is currently forming the second leg of an M Formation at the 4hr timeframe near the 800 EMA. Next week could be a nice sell position for the pair as it has been rejecting the 0.72-0.73 area lately. We can wait for further confirmation and the news for AUD next Tuesday on retail sales!
The cable has been on the downward trend since the 17th April 18, it eventually reversed the past two months from yearly lows of 1.2382 because of good expectations for Brexit. Is currently trading above the daily 200 EMA at 1.3070 Big movement for the pair we could expect it on Thursday when the BOE Inflation report and monetary policy will be released. BOE is...
The pairs downward trend was interrupted by the downfall of the DXY last week, the market reversal faced significant resistance around the 0.50 fib level at 14.73. It looks that the pair will try to break the 200 EMA are around 14.10, if it succeeds then the door will open for the s&r area of 1.1320
The pairs current significant movements are news oriented so there is a bit of uncertainty ! But, the Dollar index have been oversold last week after the FOMC Conference reaching lows near 95.20 where it faced significant support and reversed to the 95.61 area. The expectations for next week could be the 96.00 level if it breaks through the 800 EMA and the 0.382...
AUDUSD is trapped within the 31& 50 - 200 EMA, also there is expectations of upward trend because of the CPI release later on ! Then EURUSD face a significant downward trend as it has been overbought lately! Also the pair has reached the daily trendline and is forming the second leg for 4HR m Formation. Then there is significant resistance around the 1.5060 area
The pair has been consolidating even after the DXY drop significantly. Is currently trapped between the 31&50 - 200 EMA, following an upward trend. There is no solid indicator showing a clear downward movement so we can expect the pair to try the 110.90 are for a further bullish run Also for the past month the pair is been trading around the monthly trendline...
NZDUSD : potential sell The apir on the s&r area of 0.6850 and is forming an M on the Daily, 4hr & 15’’ time frame. Also is approaching the weekly trendline Also 0.236 fibs are in the area showing that buyers have been exhausted. If the pair fails to break through the 0.6860 area doors will open for 0.6650 area.
The pair has been on a steep upward trend on hopes for a rather good BREXIT. The pair is currently phasic resistance at the psychological line of 1.32. The 31 & 50 have crossed on the 4hr timeframe showing a further bullish movement and and the 0.5 fib around the 1.3130 area could be a significant support for any downward attempt. My personal view is that the...
The pair has been oversold the past week reaching lows of 1.30, its currently on a steep upward trend that is expected to continue until thE 1.15 are to test the psychological line. The weekly trendline and the 800 EMA around that area. The downward potential is some what secured by the 200 EMA and the 0.5 fib around the 1.14 are . News for EUR next week to...
The Dollar index was on a downward trend for the past month which change the past week with an upward movement that failed last Friday around the 96.65 are. The pair is currently trading below the 200 EMA and near the 800 EMA. In the are is 0.5 fib which means that buyers have been exhausted and that there is not much potential for retracement. We should watch...
EURUSD is on a on upward trend after been oversold yesterday with the ECB Conferees, also WTI oil prices they been trading within the $52 -$54 range for the past month. The pair has approached critical resistance 1.5030 and is been oversold for more than 500 pips Also is currently consolidating on the weekly trendline around 1.5080 61.8% fib around the 1.5090...
- According to my analysis we can see the pair forming the D point for the Eliot wave -Combined with the potential downward trend for the DXY us it failed to break through 96.40 are and if forming a potential Bearish divergence. -Then the WTI (oil prices) follows a strong upward trend breaking trading above the 31&50&200 EMA - Good entry point for a sell could...
- There is a 3 tops on the 4hr trendline with a potential M formation - AUDUSD is expected to drop further - The question here is the USDCHF uncertainty - If USDCHF reverse then we can have a clear sell for the pair
* US dollar rises across the board on Friday, extends weekly gains versus yen. * Higher US yields and a rally in Wall Street support the upside in USD/JPY. * The pair is broke through the 109.30 fibo s&r are a and is trading above the monthly trendline . * The pair is recovering for monthly lows of 104.70 and is on an upward trend * It may find resistance around...
The pair its on a clear downward trend, an upward move is covered by the 200 & 800 EMA around 0.6770. On Thursday is the Q4 CPI release that may influence the downward potential Also a potential OCR CUT (official cash rate cut) and a break bellow rthe 0.6720 ( 61.8 fibo ) may drive the pair to lower range as the 0.6650 .