A stronger than expected CB Indicator and a double - H4, Daily - Bullish divergence is indicating a strong possibility of seeing price advance to 38.2 Fibonacci level. I advise you to wait for japanese Tankan indices to come on wednesday!
After a somewhat neutral EU CPI and German Unemployment Rate, a better than expected US CB Indicator could mean a short-term correction downwards. Wait for price to near M5 100-p SMA and M15 200-p SMA, place a short order accordingly. (check the chart for more help) Stochastic is showing no divergences except M30 Stochastic bullish divergence signalling a very...
A possible bearish divergence is about to happen, anyway, according to overall negative, bilateral (EU, US) data forecast, price might actually correct even higher to 0.382. Watch for 38.2 Fibonacci level and H4 200 SMA. Stay neutral until H4 divergence is confirmed by Daily forming divergence.
On short-term view, a short but bigger correction may happen. Given that Stochastics gives us controversial data, bullish stochastic divergence on H4 and Bearish divergence on DAILY chart may signal a last correction upward before heading back to next 38,2 fib support at 184.20. According to fundamentals, since Bank of Japan augmented its QE program, the notion...
Bullish ABCD pattern spotted on GBPJPY with positive bullish divergence on RSI.
Potential breakout is about to come, a bearish ABCD pattern has appeared, giving a hint of a possible new high around 157. If price hits that level, it is more likely that this strong trend will endure and triangle formation prevails with minor corrections. NFP data will certainly trigger the move. Conversely if price to surpass more recent high of 156.60, a...
Price is heading toward the end of a long-term rising wedge, indicating a possible downward breakout of price. H&S pattern is giving some more clues about the reliability of the wedge.