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Bulls for second time this week tried to break resistance at 0.7510. Same as after first try this time market also failed and declines were deeper. In short term AUDUSD is moving in a bullish trend. This guarantees upward channel that is respected by price starting from May 9th. For this reason, we can quite precisely predict exactly where declines should end....

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Bulls for second time this week tried to break resistance at 0.7510. Same as after first try this time market also failed and declines were deeper. In short term AUDUSD is moving in a bullish trend. This guarantees upward channel that is respected by price starting from May 9th. For this reason, we can quite precisely predict exactly where declines should...

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USD/CHF broke below important support level around 0.9853 (Fibo + this year lows) which was tested couple of times (arrows). Although the breakout was quite dynamic and we didn’t see a re-test, next trading opportunity may materialize in the next sessions. It looks like that USD/CHF found a new base near 78,6% Fibo (0.9729) – just take a look at the long lower...

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USD/CHF shows some geometrics – Chance for further declines USD/CHF broke below important support level around 0.9853 (Fibo + this year lows) which was tested couple of times (arrows). Although the breakout was quite dynamic and we didn’t see a re-test, next trading opportunity may materialize in the next sessions. It looks like that USD/CHF found a new base near...

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Cable is in really good condition from 3 months, but last days are not clear. On this week, maybe next one there should be breakout. As You can see on chart there is small up-trend line and very stron resistance area. Breaking trend line should cause testing support near 1,2680 (and it will be very good opportunity to go long) or we will see breaking resistance...

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Moves inside of growth channel has been running since April 2016. USDCAD reached its high on May 5th at 1.3793, and this time it failed to test upper limit of the uptrend channel due to resistance on 1.3750 which triggered faster rebound. The target of current downward movement is the lower limit of growth channel which is located at 1.3220 level. Additionally in...

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Moves inside of growth channel has been running since April 2016. USDCAD reached its high on May 5th at 1.3793, and this time it failed to test upper limit of the uptrend channel due to resistance on 1.3750 which triggered faster rebound. The target of current downward movement is the lower limit of growth channel which is located at 1.3220 level. Additionally in...

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EURAUD exchange rate for a week is moving in more than 150-pips consolidation, which was formed after setting the maxima at 1.5073. The wider trend remains bullish, but signs of weakening are showing, even in the form of the discussed consolidation. Currently the rate is at the lower limit of this consolidation, which is located at 1.4930. Successful breakdown of...

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EURAUD exchange rate for a week is moving in more than 150-pips consolidation, which was formed after setting the maxima at 1.5073. The wider trend remains bullish, but signs of weakening are showing, even in the form of the discussed consolidation. Currently the rate is at the lower limit of this consolidation, which is located at 1.4930. Successful breakdown of...

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Bitcoin keep growing like crazy and as always we have many soothsayers seeing crash. And I'm sure it will come - but noone knows when. Trend is Your Friend my Friend so go long. Technically BTC respects supports so it can be traded long with SL below last bottom. Be aware of possible collapse but trade it after at least Lower High appears

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You can see Bat Pattern which is developing currently at the chart EURGBP. Point B is located near 38,2% of XA. Point C is between A and B, therefore it is convenient that 88,6% level will be tested (this will be the point D). EURGBP doesn’t have clear trend. We can observe side trend for over 6 months there. This fact is a small problem, but point D at 88,6% is...

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EURAUD has been moving recently in a trend and is re-testing the vast majority of previously defeated levels of resistance now working as a support. Market has been moving for a long time up. It is noteworthy that these increases took place in a very technical manner, and after each growth impulse there was a downward correction, which in majority of cases ended...

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EURUSD since yesterday afternoon moves quite dynamically. As a result of these falls market beat local support 1.1210, which has not yet been tested from below (as a resistance). It appears therefore that if there is a demand response in area of local support where we are now, we might expect at least a growth correction, which could lead to the above-mentioned...

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When looking at the XAU/USD (GOLD) daily chart we can see that, price stopped below February’s highs near 1263.50USD per ounce. The resistance zone is strengthen by the 61,8% Fibo retracement (November-December 2016 depreciation after the US presidential elections). Last time 1263.50 pushed the price more than 60USD lower. We should wait for Price Action signal...

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According to my last week’s projection, due to bullish response market rejected local support at 0.6867 converging precisely at that time with 50% of Fibonacci correction from the earlier upward movement, and since then we have seen continued growth. As a result of this move market has overcome a very important resistance zone at level 0.6950. It is worth noting...

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The weekly chart shows that the decrease we are currently experiencing did not start at random place and were caused by test of clear resistance at level of the previous high. At present, the downward movement is heading towards minimum from last week. Breaking it may mean that price will continue to fall to lower levels. H4 chart shows how the price returns...

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Breaking the upper limit of consolidation occurred already in April. Price after reflection from the top came under 61.8% of the abolition (1.37910) and rebounded to the south. Friday’s strong depreciation of USD/CAD brought price again to horizontal channel, simultaneously breaking Fibonacci 50% and March 1.3530: The above-mentioned levels will play a key role...