gpuri

gpuri

GBPUSD is at the bottom of bullish channel & structural support @ 1.5450 handle. It is a bullish setup if the channel support doesn't breakdown.

gpuri

Probably the worst is over for Kiwi. Double bottom formation @0.6500 with bullish divergence.

gpuri

EURAUD appears to be getting ready for a lift off bullish trendline. A hidden bullish divergence is also seems to be developing to support.

gpuri

AUDNZD forming a descending broadening wedge pattern @ 1.1300 structural resistance. If the resistance holds a short position can be taken towards 1.0800 level.

gpuri

AUDUSD downturn maybe over if the trendline support holds at 0.7350. Both RSI and ROC show bullish divergence.

gpuri

GBPUSD mulls Wolfe Wave 5-6 completion @ 1.5000 structural support

gpuri

USDCAD headed for 1.2800 resistance level completing AB=CD as WTI breaks 54 support after dropping 8% and bad economic data.

gpuri

GBPJPY may test 185 in the coming weeks. It is headed towards the bottom of the channel at 0.5 fib with bearish divergence building.

gpuri

AUDNZD bullish run contained by trendline with AB=CD completion. If the trendline holds the price action may test 1.0800 structural support level. NOTE: Bearish divergence is also building on ROC.

gpuri

USDCAD bounced off longterm bullish trendline and near term support. This may resume the uptrend towards the target 1.2800. Before taking position I would wait for CPI numbers being released tomorrow (June 19th).

gpuri

For now it appears EURUSD is restrained by double trendlines. A short position towards 1.0500 handle can be taken if the setup stays valid and breaksdown 1.1000 support. Earlier than this level is too risky due to high volatility event risk around Greek negotiations.

gpuri

AUDUSD tested bearish trendline multiple times. If it holds after the employment numbers tomorrow (June 10) a short position can be taken targeting 0.7600 where double bottom support was recently formed.

gpuri

EURGBP approaches trendline and structural resistance @ 0.7375. ROC9 is also forming a bearish trendline resistance. A short position can be taken towards 0.70 handle unless the trendline is breached and the price action crosses 0.7400 level.

gpuri

GBPUSD taking perfect Fibonacci steps. Current retracement seems to have stopped at 0.5 Fib. It is yet to be determined whether it will further retrace to 0.618 level or resume the bullish trend from here.

gpuri

On ECB bond buying news EURUSD is carving Wolfe Wave 5-6 towards 1.1000 near term support and psychological level. German 10 Year Government Bond yield is rising again so this setup may be invalid. I would wait for the breakdown of ROC9 bearish trendline before taking position.

gpuri

GBPUSD bearish shark pattern may complete at strong structural resistance around 1.67 handle.

gpuri

DXY Bullish Crab formation coincides with Fed meeting in June. Most likely traders will be surprised with hawkish statement regarding Interest rates and may lead to US Dollar rally. Up until then either short the dollar against all majors or stay out of dollar long trades. If this pattern is valid DXY may go as low as 89.00 before it resumes the long term bullish trend.

gpuri

USDJPY possible Cup & Handle pattern can test 102 handle before resuming bullish trend. In confluence with structural support this level also coincides with possible 0.38 Fib retracement at 104.