Trend_Analyst

Trend_Analyst

XAUUSD 3h Wave Count, looking for a move lower in wave C to complete the wave 4 correction.

Trend_Analyst

GBPUSD Elliott Wave Count, currently in wave 3 of 1. Looking to push higher.

Trend_Analyst

XAUUSD Possible Elliott Wave Count. This interpretation ties in well with my head and shoulders analysis which a can be viewed on the related ideas link below.

Trend_Analyst

XAUUSD Head and shoulders, looking for a retest of the neckline to confirm before considering a short position to target 1412.

Trend_Analyst

GBPUSD Wave Count

Trend_Analyst

USDCAD has fallen sharply today but we could see some support come in around this level at 1.133200. This level its self has provided some good support / resistance in the past. We also have the 61.8% Fibonacci retracement level of the rally from the 3rd of April low and the 78.6% Fibonacci retracement of the rally from the 19th to the 28th of March. The S2 daily...

Trend_Analyst

GBPUSD continues to trade in a triangle formation following a re-test of the confirmed rising trendline drawn for the 11th of December low. The trendline re-test coincides with the psychological support level at 1.30000 where we also have the 61.8% Fibonacci retracement of the rally from the 11th of December low to the March the 13th high. We are still below both...

Trend_Analyst

Following on from my analysis on the 30th of March and possible long trade set up. We can see that the support confluence area held and we were over 3 quarters of the way to my target. Today has seen the bears take control as EURUSD has plummeted since the this morning. We are now at the 38.2% Fibonacci retracement level of the move up from the low of the 29th and...

Trend_Analyst

Yesterdays trading posted a hammer candle as EURUSD failed to reach the 7th of March low and we are now back above key support at 1.12000. The hammer candle is a bullish reversal signal and is a good sign the bulls may be regaining control. The 1.12000 support level also coincides with the 61.8% Fibonacci retracement level of the entire bear market that ran from...

Trend_Analyst

NZDUSD has seen some recovery over the last couple of days but looks to have run into some resistance levels now and we could see the bear market resume. We have the past support / resistance level of 0.67900, the 50% Fibonacci retracement level of the move down from Mondays high and the 50 MA. Stochastic is oversold, we do have a crossover but %D has yet to turn...

Trend_Analyst

Following the breakout this morning from the lower triangle trendline AUDUSD is now heading back up to re-test this area. Should this trenline now offer resistance as is often the case in this scenario we could be looking a swift move lower. We will need see at least one long upper shadow candle or maybe a doji as prices reject the trendline before initiating a...

Trend_Analyst

AUDNZD is currently testing the 1.04520 area for resistance. Looking for the 10 period MA to hold back any further advance before we see a move down to breakout below the rising trendline. Short trade set up, risk to reward 2.8:1 Entry: 1.0456 Stop: 1.0464 Target 1.04100

Trend_Analyst Updated 

NZDUSD is currently moving lower after running into some strong resistance this morning. We have the 38.2% Fibonacci retracement level of the move down from the 21st of March high. Resistance from the 0.68400 level which has acted as good support / resistance in the past and the and the pivot point comes in just below at 0.68345. We do have a rising trendline in...

Trend_Analyst

AUDNZD is currently testing the lower triangle trendline. There is also a support zone around 0.70750 to 0.70660 where we have multiple tests of support / resistance in the past. Stochastic is oversold, we have yet to see a bullish crossover which looks imminent. Stochastic is also showing divergence where we have a broadening formation which does not confirm the...

Trend_Analyst

Friday saw the lower channel trendline retested for support which held for the third time and we have three consecutive bullish candles before Fridays close. This level coincides with the 61.8% Fibonacci retracement of the rally from the 14th of February low to the 27th of February high and the support level at 1.29800. We also have a bullish crossover on...

Trend_Analyst

USDCAD Bearish Pennant Projection. The pennant is usually continuation pattern and often appears halfway through a sharp move. This allows a target to be achieved by measuring the distance traveled from the initial breakout to the low of pennant and then projecting this down from the pennant breakout point. The pennant is a short term pattern, should we continue...

Trend_Analyst

Looking for a breakout from the triangle to the upside. Entry would be at 1.34700 once we have taken out the 7th of March high. Ideally we will see a bullish crossover on stochastic to confirm momentum is on our side. Target 1 = 1.618 Fibonacci level Target 2 = Projection from triangle measurement

Trend_Analyst

EURUSD Short