GBPUSD was definitely stronger yesterday, as it based at PZ then rallied up (though miss my final target of 1.277) before coming down, re-tested 1.2701 strong level and bouncing off strongly. Much volatility no doubt, though GBPUSD is printing green daily candles still. Am cautiously bullish for GBPUSD but to err on the safe side, 1.2701 will be a good level to...
Weakness in EURUSD yesterday though IMO GBPUSD was stronger. I was looking for 1.8033/43 strong level to hold for a move higher but we saw the dip and re-test of the strong level before a move lower. Price is capped currently by PZ and 1.0833 strong level. I will not fade the trend of bearishness, which IMO EURUSD should see a move lower. Probably not interested...
I was looking for a move higher for EURUSD yesterday but we got the move higher to first resistance before coming down to my buy level perfectly and closing near the mid point. EURUSD looks to be in consolidation; but overall, IMO path of least resistance is still to the upside. Could re-test 1.0843, and if so, look for a test and strong bounce for the long to...
I was bullish EURUSD yesterday, I said be long as long as PZ 1.0855 holds. Instead, EURUSD moved up, almost touching first level above before coming down to PZ and bounced off it, though only briefly. Bearish candle for EURUSD yesterday but IMO overall bullish structure still intact. Price is now below PZ, thus could see a move down, but overall, looking for...
EURUSD made a good dip for a long (did not hit the buy level perfectly so it could be not a buy for you). Price action is bullish on daily and weekly for further upside this week. Possible dip, but overall looking at 1.0857 to hold for further upside to 1.0905 and 1.0929.
EURUSD pulled back yesterday, from tagging the top of the BB, forming a red candle. It did not hit my buy level of yesterday though. Today it opened below PZ and is coming down. Could see a further move down from here; indeed the price action points to further down, though IMO overall trend is still up. This down move could bring price down to 1.0833; this triple...
EURUSD is similarly very strong yesterday as it opened and trended up. Price is definitely overextended by tagging the BB but price action is bullish. If it goes up further to 1.0909, could see a pullback from here, but overall, we could see a dip back to PZ 1.0851, but looking for the zone to hold for a move to 1.0981 as near term price target.
EURUSD played out nicely as per plan yesterday; the dip on PPI was bought up perfectly. Price action is bullish for further upside. However, price is testing 1.0829 strong resistance zone. I am looking for a possible pullback from this resistance zone, likely on CPI, before finding support and breaking the zone for a move higher.
I was bullish EURUSD yesterday and it practically just opened and moved higher, without even testing 1.0761 strong level before hitting next strong level at 1.0799 and then pulled back. EURUSD opened at its PZ for today. Cautiously bullish for a move higher. Based on current price action, best scenario is for price to base at PZ here and then move higher to break...
EURUSD formed another green weekly candle last week. Could see further upside for this week. Friday was bearish though so near term is weak. Price opened at the PZ and is rejected by it. Thus looking for possible longs, but only at 1.0761 and possibly 1.0745. Price target for today, 1.0799 double resistance and if hold, 1.0829 next.
Despite the strength in DAX, SPX and US30, NDX is somewhat neutral as it is still held by 18155 strong level. As such, it is an indication of possible down move for today is this "weakness". 18041 would be the level to look for support and a long for a move higher. Upside target would be 18225. Similar to SPX, if NDX rally higher from here to 18225 double...
EURUSD made a slow grind down lower over the past few days but yesterday it moved down to make a new low off a level and rallied all the way up, forming a bullish daily candle. However it is still below last Friday's high thus question remains if market will form a lower high or we are looking for a move higher. However, yesterday's price action does point to a...
I was looking for a move lower for EURUSD on Friday but instead, it moved higher first, hitting the resistance at 1.0754 before going down, selling down 75pips before recovering. Price action on daily is bearish, while weekly price action does point to possible further upside. But following the daily price action, I am leaning towards a possible move lower today...
I was looking for a move lower yesterday with the strong level to hold but well, it got a different move but the levels worked perfectly to call the highs and lows of the days, as EURUSD rallied to strong level, sold down to the lows, before closing back near the highs. EURUSD is still capped by 1.0738 strong level, also 50 Fib. I will say as long as 1.0738...
Yesterday I was looking for EURUSD to pullback off 1.0714 strong level which worked perfectly. Was looking for 1.0698 to hold but EURUSD dipped to the PZ before recovering. Red daily candle, though only slightly, thus IMO it is not clear but I am leaning towards a move lower. As long as 1.0714 holds -possible retest and rejection - look for a move down to break...
Yesterday's move was clear and I gave only 1 direction; up. 60 pips range with lots of volatility, good for long, close, re-long. Lots of opportunities. EURUSD approaching 1.0714 strong level with 38 Fib. Turn from here? Price action is bullish, thus I am in the opinion of another move to 1.0738 at least. Possibly a pullback to 1.0698 then a rally high IMO....
EURUSD plan and levels worked well yesterday' we got the dip to the level, though not perfectly, and bounced strongly. Red candle but IMO it is supported for further upside for today. Looking at 1.0650 to hold (max downside 1.0634) for a move to 1.0696 and further to 1.0714.
Good algo level move on Friday; EURUSD sold down initially and hit our first support for a good long to PZ and beyond, before it made a slight pullback. What's for today? Weekly wise, EURUSD printed a green candle; potential low is in? Daily wise, Wednesday was bearish and we got the initial sell but EURUSD recovered to close green, though there is a rejection...