olly48

olly48 Updated 

This has broken the channel and reached the support level. I expect this to correct before making another attempt at breaking the support level at 125.80. Take profit is at -0.272 Fib.

olly48

This has nearly reached 0.382 Fib, previously it has found support here. Previous resistance is at 0.5 Fib which is the furthest I can see this dropping to. So either of these could be good levels to long at. Take profit is at -0.272 Fib which matches the previous high on the 16th February 2018 1.25554

olly48

CHF/JPY is at historical big resistance so do not expect this to break it. This past week it has rejected off this resistance and I would expect it to continue down to test the daily support at 116.20. JPY is very strong at the moment so it could easily break this support. Short term target is 0.5 Fib which is 115.765. Longer term target could see this retest...

olly48

USD/CAD looks like continuing to fall. It has been following the bottom trend line and breaking support levels. CAD has been very strong and USD is expected to continue weakening so I do not think this will change soon. It broke support yesterday (14th Jan) and is testing it as resistance today. If this rejects the resistance then expect a fall to the trend line.

olly48

EUR/GBP is in a range, it has just reached the bottom of the range so is a good opportunity to go long from here with a SL just below the support level this is quite safe. Long term I think the GBP will be stronger so I am not sure whether this will reach the top of the range again, with this in mind keep an eye on this breaking the support level.

olly48

I expect this to correct from its current position. It may drop a bit more within the red zone indicated before retracing. Targeting the area marked in Blue but 0.272, 0.5, and 0.618 on Fib are also marked as take profit targets.

olly48

This has had sharp growth in the past week and broken structure. I expect this to now retrace to support at 0.5 Fibonacci and then rise 11.517 which is -0.272 Fib

olly48

This found support at 0.876 level. This could now range between the levels indicated of 0.919 to 0.876. USD has been significantly weakening and this is expected to continue so if it breaks the lower support take profit is at -0.272 Fibonacci. Entry should be on retest of the previous support which would now be resistance.

olly48

USD/JPY has clearly been following the channel. It has broken a very strong support level and retested it as resistance and should now continue to follow the channel downwards. Take profit target is at -0.272 of Fibonacci.

olly48

The correction in GBP/ZAR has completed, it has rebounded from the monthly support area indicated. I think there will be a slight retrace coming before continuing to grow back to the all time highs and beyond.

olly48

I think there will be huge growth in AML in the long run. The price recently broke resistance and has now retested it as support so I believe this is the time to go long. Next target is 2525 which is 38.2 Fibonacci on the fall at the start of Covid. Unfortunately the chart on here does not show this since the stock split last month.

olly48

I believe this will retrace to the previous highs between 0.5 and 0.618 of Fibonacci and find support at this level

olly48

This has found support at 7.24 level. Now looking to move back into the trend, resistance is at 8.00, target is 8.24866

olly48

If this continues to respect the trend line I am expecting this to retest the previous high of 146.45. If it breaks the resistance target is 162-166

olly48

7 consecutive weeks of growth, will surely have a significant retrace soon. Currently overbought on RSI, I am looking for a retrace to 0.382 fib on the weekly back to previous resistance at $43. Then I expect price to break past $50 easily.

olly48

Expecting price to retrace to 0.382 on weekly fib soon, looking for 10 day EMA to cross 20 day then enter short to the previous daily resistance (marked by blue line). If this plays out will then look to long from this support to target of 0.77141 which is 0.272 fib on the previous daily leg

olly48

Looking at the 4 hour, I expect the retrace to end up at the 0.5 fib, which shows the greatest level of resistance before going down -0.272