As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.67. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.675. TP4: R2=0.6785. Set the stoploss of these orders at breakout of S2=0.6685. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
WELCOME TO DACAPITAL-TRADING! CHFJPY FOREX BREAKDOWN 22 JANUARY 2018 1 HOUR Bearish reaction to 1.06670 into our buy zone 4 HOUR Overall bullish waving market with several pullbacks, similar now! DAILY Bearish market with a pullback to the upside now... LEVELS BUY AUDNZD ENTRY @ 1.05870 SL @ 1.05460 (40 Pips) TP @ 1.06370 (50 Pips) RR: 1.20, normal...
According to the elliot wave theory, FX:NZDCAD . is at its correction phase, and using the fib extension we get T1 for the small ABC wave and T2 for the bigger wave; T1 is short term while T2 is mid/long term Another thing to keep in mind, is that China is expected to report on Monday that economic growth cooled to its slowest in 28 years and this means that...
The Monthly and Daily time frames are Bearish. This pair has trading in a tight range since January 17 Would like to see the Kejun Sen flatten or better yet step down and that will happen if the pair respects the Resistance level. The Optimal time to start look for this trade to trigger would be after 1am as the Cloud will have thinned out making it easier to...
Unfortunately i had the trade ready almost, just when bitcoin started to drop and pump so i missed the perfect entry at the low. Now i will make another attempt and try to see if this small wedge on the left plays and try to get in around the orange circle. Now again while writing a broke up. I am posting this one, but i will wait with the entry, want to see how...
We expect price to maintain this downward movement.
The NZDUSD pair could be dropping into its last leg for now and find support around 0.6685/95 levels, before turning bullish again. Please note that 0.6687 levels is also the fibonacci 0.618 support of the recent upswing between 0.6585 and 0.6848 levels respectively. Looking at the higher degree wave counts, the NZDUSD seems to be unfolding potential wave 3 or C...
AUDNZD is approaching its support at 1.0602 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap support) where it could potentially bounce to its resistance at 15.34 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3% where a corresponding bounce...
NZDUSD is approaching our first support at 0.6714 (horizontal swing low support, 61.8% Fibonacci retracement, 50% Fibonacci retrracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.67831 (horizontal swing high resistance, 50% fiboancci retracement). Stochastic (89,5,3) is also approaching support and we might...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6705. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6755. TP4: R2=0.6785. Set the stoploss of these orders at breakout of S2=0.6685. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6705. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.6755. TP4: R2=0.6785. Set the stoploss of these orders at breakout of S2=0.6685. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The NZDUSD pair had rallied from 0.6425 through 0.6975 levels, unfolding into 5 waves impulse, which could be labelled as Wave 1 or A as implied on the 4 hour chart displayed here. The drop between 0.6975 and 0.6588 levels could be seen at a corrective zigzag which could be labelled as Wave 2 or B. Ideally after a 5-3 wave formation, we can expected another 5...
NZDUSD is approaching our first support at 0.6711 (horizontal swing low support, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6784 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (21,5,3) is approaching support where we might see a...
NZD/USD has failed to hold break above 200-DMA, slips lower . Holds support at 20-DMA at 0.6746. Technical indicators on daily charts are turning bearish. RSI has turned and Stochs are on verge of rollover from o/b levels. Break below 20-DMA could see weakness till cloud base support at 0.6697. Bearish invalidation only above 200-DMA. Support levels - 0.6746...
NZDCHF is approaching our first resistance at 0.6742 (Horizontal pullback resistance, 50% Fibonacci retracement, 100% Fiboancci extension) and a strong drop might occur pushing price down to our major support at 0.6591 (Horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react...
EURNZD is approaching its resistance at 1.6922 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it may reverse down to its support at 1.6885 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal may occur.