Watch for a potential rally off of 0.68893. Following are speculative forecast (i.e.: If model was forced to commit to bullish outlook), yielding the following targets: NUMERICAL TARGETS: 1 - TG-1 - 0.75064 - 22 JAN 2015 and 2 - TG-2 - 0.77643 - 22 JAN 2015 NOMINAL TARGETS: 1 - TG-Hi = 0.79946 - 22 JAN 2015 and 2 - TG-Hix = 0.81815 - 22 JAN 2015...
The longer term shows a clear downward trend. Price was unable to Breakout 0.87ish area & broke down 200dma (best benchmark). Yesterday a kangaroo tail formed near 200dma resistance. This is a great Low Risk Entry Point for a short swing position. Risk-Rewaed Ratio is the best it can be. If 200dma is violated and price cleses above I would consider a Long Position
AUDCHF might be finally breaking out of this sideways movement to continue higher Favoring a long position with T.P 0.81 and 0.8180
Technically this pair is in range or slow decreasing trend channel. That means it's a good opportunity to long AUDCHF next days. I' am bullish on it. For long position we should break the upward trend-line asap. But next days Australia is going to publish major data witch can change the direction dramatically. So keep patience and wait. For longs: SL 0.81 T1...
English : Channel up perform with bullish target at 0.8460 and maximum target at 0.8500 If channel up break down, bearish target this week only at minor support at 0.8330 with maximum target at 0.8250 Indonesian : terbentuk channel up dengan target 0.8460 dengan maximum target pada 0.8500. Apabila channel up break down, maka target bearish hanya sampai pada minor...
English : right now price action try to break up bullish keylevel with maximum target at 0.8460 If this level can stop buyer action, then bearish target at minor support with maximum target at 0.8200 Indonesian : Saat ini harga berusaha untuk break up bullish keylevel dengan target maximum dilevel 0.8460. Apabila level ini berhasil menahan kekuatan buyer, maka...
i) Rejection from 200 EMA and 50% Fibbonacci retracement line on the daily time frame in the form of an umbrella line ii) Kumo bearish twist on 6H time frame iii) Rejection from the baseline iv) Lagging span below price action. They indicate a medium risk short trade on this pair, as i) the price action is still in the cloud on this time frame. The...
Brought to my attention by one of my Syndicate Members, what we're looking at is a bearish Cypher pattern. If you take a look at the recent movement of the market we've just put in a new structure low (LLLC) and the Cypher completion comes at a retracement back into previous structure along with a 38.2 Fibonacci retracement from our bigger swing. Unfortunately...
not sure if the channel is near completion or not. But macd divergence may suggest the turn is about to peak. I am still looking for trend continuation. With resistance confluence , I am looking for close below 8265 for my trade to run smooth. Although not fully completed, there are signs of h1 channel appearing. Not too sure if the big channel TL will be tested or not.
currently we are sitting on a strong support level and I am thinking of getting long right here. but if we break down this Cypher could come into play.
AUDCHF is forming a bullish engulfing candlestick pattern right at support. We also have the 200 EMA there. Price is still clearly in an uptrend, as illustrated by the pattern of higher lows and the general slope of the daily chart since the start of 2014. As such, I'm set to go long at support at 8382, with my stop 75 pips away at 8307. My target profit is 8730,...
What I'd really like to see out of this is a bit more candlestick confirmation, but I think there are enough signs in place to warrant pulling the trigger and placing an order. Price has pulled back to a 50% Fibonacci retracement level, and is above the 50 SMA and 200 EMA. While the candlestick confirmation could be stronger, we do still have long wicks on today...
Looking to Short AUD/CHF at 0.8668 area
The short is very evident on the pair. I am trying to talk a different approach, a little price action here. Now, looking at the trend line 'A', it is obvious that the trend is upwards. But, if we give a closer look a the candles, this is what we can observe. From point '1', we can see an aggressive move up with large candles before the impulse observes a...
Price level of 0.8570 is resistance as per my system, the cyclic change is also pointing towards short move.... However there is couple of hiccups in this trade is significant negative swaps which will make cost to trade little heavy. Also price is still above the weekly open price which is establishes general sentiment for this week. However shorting at right...
Idea is based on a combination of Elliot Wave theory, Median Line Analysis and Fibonacci ratio's. The rationale behind this technical analysis is shown on the chart along with specific targets. If you are about to copy this setup, please do so at your own risk. Good luck