The Dow Jones closed lower on Friday, around 26000 levels, after carving a potential lower top around 26300 levels earlier. Please also note that, prices reversed lower forming an evening star ( bearish ) candlestick pattern between fibonacci 0.618 and 0.786 resistance levels. Looking into the medium term wave structure, it looks like a 5 down (impulse), followed...
EURJPY reversed off its resistance at 130.00 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 127.88 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 99% where a corresponding...
XAUUSD is approaching its support at 1207.06 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1219.99 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
CADCHF is approaching its support at 0.7588 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7636 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
USDCHF is approaching our first resistance at 1.0096 (horizontal swing high resistance, 61.8% fiboancci extension, 78.6% fibonacci retracment) and a strong drop might occur pushing price down to our major support at 0.9965 (horizontal swing low support, 100% fiboancci extension, 23.6% fibonacci retracment). Stochastic (55,5,3) is also approaching resistance and...
CADCHF is approaching our first support at 0.75901 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.76495 (Horizontal swing high resistance, 100% fibonacci extension, 76.4% fibonacci retracement). Stochastic (55,5,3) is also...
This pair has been on a long-term downtrend since 2000, which means that long-term position traders will generally be looking for large pullbacks as a shorting opportunity. After an attempt to push prices up, the move has has failed at the neckline, currently forming a double top which may be the start of a swing downwards. The recent large bearish candle could...
Beware of following through into buying in the inverted head and shoulders pattern. Reason(s): - RSI is close to overbought - A graveyard doji candlestick pattern on the day chart - Can call for a bear run
We are neutral on this pair as this is a tricky one! Long term i would sell rallies but small risk on buys Invalidation for buys. tricky as daily suggests sell. Low risk trading for buys (ONLY)
we are in a corrective cycle possible range then buy or a higher low then buy
Bullish channel Waiting for appropriate price action to determine entry. Highlighted box shows price sensitivity
As we can see from the graph, FX:AUDCHF is on the downtrend channel . We can take an advantage! Sell now SL: 0.73649 TP: 0.71218 This analysis is provided as general market commentary and does not constitute investment advice.
Hi there. Wait for the price to form a continuation pattern and watch strong price action for sell. Down move should be driven by CHF. So, the more CHF go up this pair gonna fall. Watch how is behaving this pair on bigger time frame.
Hi there. Price is still on the continuation pattern. Wait for the price to hit the top of the pattern and watch strong price action for sell. CHF will gonna get strength this week or next week, so when CHF starts to move impulsively we may see a drop on this pair.
Hi there. Price is moving impulsively to the downside. If you are not in, wait for the price to form a continuation pattern on a lower time frame and watch strong price action for sell. CHF is driving the down move, so the more CHF go up this pair gonna fall.
Hi there. Price is forming a continuation pattern to the downside, but it looks like one more up move is possible. If so, wait for the price to hit the top of the pattern and watch strong price action for sell. CHF gonna get strength, if not this week maybe next week. So probably we may see a fall and not one more up move on the bigger continuation pattern. We are...
Long term we are bearish but monthly and daily are giving a possible push to the upside. It might take weeks for that to come to play. But for now we remain bearish
Hi there. Price is forming a clear continuation pattern to the downside. Wait for the price to complete the continuation pattern that it’s forming on lower time frame and watch strong price action for sell. Next week probably dollar will fall and CHF gonna get strength. Perfect pair to trade.