anergeshammer

anergeshammer

E/U has maintained a clear pathway since 2008. Very Long Term, I expect 0.9500 and 0.8500 to be hit. As it stands, there may be a chance to gun for 1.2500 first but I doubt it. E/U is in a long path down and may go below parity.

anergeshammer

Long term I suspect we will be heading towards the runaway gap. Will it be filled this year? I noticed that slides are more aggressive than run ups when it starts. Watching. EU needs to close below 1.1670 (100 pips away) soon for selling to accelarate.

anergeshammer

OUTLOOK: Bullish party starts as outlined. It looks like a major retracement up is in the card. Watching closely KEY: 94.20

anergeshammer

Mid Term: I am still looking down before another run up. Watching keenly for any fundamental change.

anergeshammer Updated 

Below 108 sends UJ to 106.+ level mentioned last week. Watching closely. Disclaimer: This is just an analysis. I have no open position in USDJPY. Use risk management tools to trade.

anergeshammer Updated 

Chase it to 106.50 area? I say "why not?"

anergeshammer

Below 108.30, the next target is 106.50 area Trendline support depicted. Moving as anticipated

anergeshammer

EU finally hit that major resistance at 1.1715 area. What happens here will determine. I am leaning towards short. Perhaps, EU may have topped for the year.

anergeshammer

2 scenarios: Run up towards 112 before challenging Trendline support around 109.60. OR Run back up towards 114+. My plan: Any more run down will be opportunity to buy considering daily chart and a peak at XAUUSD daily chart

anergeshammer Updated 

Trumpet update from Last week analyis. Trumpet support broke and reached target of 111.70 as noted. Continued slide will push this into 110 area (base of Trumpet)

anergeshammer

Looking good for Bears. Price fell back into triangle. Target 1 clearly outlined in the chart. Extended slide will challenge the bottom of the TL

anergeshammer

That was not a confirmed break. Price closed inside the trumpet pattern. Next move undecided. I will wait this out next week for this pair to show me its hand

anergeshammer

Finally broke out of the trumpet as expected. Next targets 111.80 area and sub 110.30 area in extention may be by next week

anergeshammer

See what I found. A picture is worth more than a 1000 words. Nice coil up

anergeshammer

This is a corrective A.B.C wave OR the beginning of motive (5 waves) down. Disclaimer: This is a personal opinion and analysis. All viewers are encouraged to use good risk/money management and stop loss in trading. The analyst is not responsible for any loss incurred by following his analysis.

anergeshammer Updated 

NB: This is a repost from forex forum analysis yesterday with today's move added. w5 of W5 completed. Wave A/1 completed today or not. Wave B/2 bounce expected. Then next will be massive wave C/3

anergeshammer

If EURUSD closes below 114 this week, Bulls need to abandon ship. That will be one heck of a shooting star at exactly the Trendline resistance level. I did EW count yesterday that was right on the money. By the analysis w5 of W5 terminated between 114.70-115 area. We got to 114.80 yesterday. I will repost

anergeshammer

A bounce expected at this 113 (TL support) for either retracement before bearish continuation below 113 targeting 110.70 OR Bullish continuation to 114+ NB: Daily chart shows a possible Double Top around the 114.40 level resistance. There was a minor fake out above 114.40 that resulted in bulls trap