With my intuition along with some indicators pointing upwards I believe UJ will continue upward.
my current bias is upward although I would definitely not feel comfortable in any sortve trade with the Euro Dollar. Price now sits on top of a support zone although slight divergence on the hourly chart is pointing downwards. Waiting for further action.
EG seems to be diverging on the lower timeframes and stuck at the overbought levels which normally indicates trend continuation. If i'm correct then price will possibly continue upward until the quarter point converges with the fib level. WE SHALL SEE.
Divergence on both RSI and Stoch. Price is currently sitting atop a support zone. The TDI is sitting right on the midband which normally indicates a strong move in the near future. All signs point UPPPP
Eu has been on the rise for sometime and will likely continue a bit further. It is very well due for a correction/reversal sometime in the near future. TDI bands are highly overbought along with some RSI downward pointing divergence. I can't remember exactly where although I do remember that EU is coming up on a fib level that would make for a perfect harmonic...
After weeks of waiting the descent has finally begun. RSI is showing major drop although it still sits high... which tells me that a much further drop is in the cards. At the moment price sits at the 61.8 retracement and could come up into a double top before dropping further. If you were to trade the retrace i would be careful because although EG is technically...
Direction is unknown at the moment. price has opened JUST underneath a resistance line and could possibly bounce off and continue downwards. Although if my ideas about EURGBP are correct then GBP will be gaining strength to go long. Upward divergence also gives the idea of a shoot UPWARDS. Bands on TDI are also low. Watch closely.
Price is right underneath a quarterpoint and has just formed the C leg of a M/ Double Top. High chance that price will drop up to 70 pips although 30 is the more conservative goal.
the pound/yen is at a resistance point. About 200 pips higher and i will be looking for price to reject off of the trendline recently crossed over. In that case a long term short would be in order. until then I remain neutral.
GJ is bouncing off a trend line formed by the ascending flag. Possible breakout of flag channel although i see that coming much later on.
EurUsd sits on top of a support recently broeken to the upside during an uptrend with the stochastic oversold as well.
Inverted Head and shoulders forming on the 1h timeframe at the 61.8 Retracement level of the coming double top. Could reach 78 extension or 88.6. Highest 127 Ext level. Then GC will most likely drop heavily.
This week will consist of testing elliot wave for me.
Forming a Triangle and its bouncing off the bottom trendline. Should come up to support and breakout downwards.
I'll be taking some buys on the way down at key confluence levels based on Elliot wave, Trend lines, Fibs, and Support levels.
This XABCD pattern hit the 61.8 fib level at B and is on its way down to C. Confirmation on the 4H Timeframe= 61.8 Retrace as well and will start downwards soon.
Inverted head and shoulders pattern on the daily timeframe along with the lower time frame double bottom.
Price is at Support and has made a triple bottom. A temporary breakout in the form of an inverted H&S is possible. let's see what happens.