I have been watching this pair for some time now and expected the completion of the 4th wave to the top of the structure on the daily time frame. This wave has completed and we now wait to see which way the price will move. Tomorrow night at 23:00 South African time (GMT+02:00), we have the NZD interest rate decision and I believe that this will assist us...
Gbpusd is now retesting its support level, so we can expect bullish movement from this level.
1.0705 support was broken, now we can stay on sell mode. This pair can fall more after retesting 1.0705 level.
Nzdusd has rejected from 200 EMA on H4 time frame. This zone will be strong resistance for this pair in future. Now this pair is staying below near term resistance at 0.6970. Below this level, we can look for sell and target will be 0.6900 area as pointed on the chart.
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Usdchf has broken its support level at 1.0223 level. Now this pair is stating below the support level. Expecting retest from previous support level and fall again as shown in the chart.
Nzdusd has formed inverted head & shoulder pattern on h4. This pair has broken its neckline of this pair. Now we can wait for retest of neckline to buy entry again. Otherwise, we can look for buy from near term support level
On the chart, we can see neckline breakout of double bottom. Now we can wait for retest near to neckline. Then we can go for long on this pair.
On the chart, we can see some support and resistance level for this pair. On 28 December, we saw rejection from 123.20 level. This pair is still on bearish momentum since yesterday. On the resistance level, we saw evening star on h4. We can expect more bearish movement on this pair. Now 121.65 level is acting as support for this pair. If this pair can break this...
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SPX500 mid to longterm SHORT bearish Cypher, longterm resistance In my scenario the SP500 and markets im general might shoot their last fireworks to have a final champagne party on Mario Draghi and the ECB 0% interest rate medication. However the longterm resistance line from May 2015 high is coming southwards, looking to meet our curve around 2080 levels...
GBPJPY moving on up inside H1 uptrend channel bullish GBPJPY moving on up inside H1 uptrend channel bullish after a deep correction, following the ECB rate decision, mainly due to safehaven flows into JPY.
Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again. Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less...