JordanRoyalLafayette

JordanRoyalLafayette

AWAITING A BEARISH OUT BREAK AFTER CONSOLIDATION ZONE.

JordanRoyalLafayette

Strong bullish breakout after closing above critical price level.

JordanRoyalLafayette

Waiting for a bullish breakout

JordanRoyalLafayette

A RALLY ON BULLISH ACTIVITY PUSHING PRICES UP.

JordanRoyalLafayette

After a target hit in the previous analysis bears lost momentum allowing a retrace to a critical zone around 1.2500. Bears have regained strength as predicted leading the down trend to lower price levels. A critical target support zone can be established at 1.2200 where price should either consolidate or go into a reversal trend. A partial profit (Take profit 1)...

JordanRoyalLafayette

A quick long position on a retest for GBPUSD. As price broke a critical support zone, bears continue to gather strength pushing prices down. A Head and Shoulder structure can be identified showing a continued pushdown in price. A Fibonacci retracement from a critical high 1.2800, low 1.2100 shows price entering a consolidation zone for a break out to either side....

JordanRoyalLafayette

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JordanRoyalLafayette

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JordanRoyalLafayette

Looking at this pair the AUD/USD price is consolidating in a key area between the 50% level on a Fibonacci retracement with highs dating back to 2018 (0.8000) and low (0.5800) March 2020. Fibonacci levels match up almost seamlessly with previous highs that have been tested and retested multiples times which can easily be seen on the highers time frames. One...

JordanRoyalLafayette

After the atrocious month and plus for the Japanese yen the Euro has enjoyed bullish trend to 124.00 highers highs as far as 2019 . Price trend continues to move above both the 150 day SMA and the 100 day EMA. Price seem to hit a peak at 124.000 with double top formations signaling a reverse, this also lines up almost perfectly with a critical resistance level...

JordanRoyalLafayette

A bit late on this bearish breakout, however bears still seem to be gaining momentum on the USD. The USA economy has not been doing too well with social and economic issues playing a key role in the country's recover from Covid-19. The USD has been on a steady downtrend with prices below the 100 EMA and 150 SMA for the past few weeks. A strong resistance level...

JordanRoyalLafayette

Fibonacci extension (high;1.2360/low;7.2080) matches level 1.618 with previous high at the top of a symmetric triangle. A strong resistance level stands at 1.2590 ( within 1.618% fib extension) which can be viewed as a stop lost for a bearish counter trend. the Elliott wave theory also shows a corrective wave which should start in the sell zone as described...

JordanRoyalLafayette

Overall it has been a bearish trend following the GBP/JPY in recent weeks trending below both the 100 EMA and 150 SMA. Prices testing Critical support zones in a symmetric triangle. A inverted head and shoulder has come into formation with prices testing recent support levels (129.600), keying up a reversal to possible previous high of (134.875). For an entry...

JordanRoyalLafayette

A BULLISH RALLY ON THE EURO, PRICE BREAKING RANGE HIGH OF 1.0990. EXPECTED TO EXTEND UPWARD TO AROUND THE PREVIOUS HIGH.