Looks like its drawing H&S Pattern. Thats long term targets. (daily chart) -DYOR -YTD Good luck, -Yusuf Deli
The US Dollar Index pushed higher above our expectations to terminate potential wave ii rally as presented here on the daily chart . The index is seen to be trading around 97.44 levels at this point in time expected to carve a lower top below 97.70 going forward. Looking into the wave structure, after producing an impulse rally between 88.30 and 97.00 levels...
The Dow Jones spot closed around 24750 yesterday. If prices manage to rally past 24800 consistently, Dow could be heading towards 25400/500 levels soon. Looking at the medium term wave structure, after having unfolded into 5 waves drop between 26950 and 24100 levels earlier, it is quite possible that wave (2) is in place around the 26300 levels. Alternately, wave...
USDCAD is approaching its resistance at 1.3384 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it could potentially reverse to its support at 1.3263 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its...
EURGBP is approaching its support at 0.8825 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.8876 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.
EURCAD is approaching its support at 1.4967 (61.8%& 100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5079 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 5.8% where a corresponding bounce could occur.
AUDJPY is approaching its resistance at 82.35 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 81.91 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
The master will do anything that will give him profit so we look every chart with care if my macroeconomics are good and the usd economy enter in bearish formation will help this short idea to make it happen , so we wait one more fake up side and then boom , fall from the sky and short it to the bottom 0.96000 and next station 0.92000 for long term SHORT ! Wait...
WELCOME TO DACAPITAL-TRADING! CADCHF FOREX BREAKDOWN 23 NOVEMBER 2018 1 HOUR Strong bullish reaction to 1.74750 Support level 4 HOUR Bullish 50% Pullback of previous H4 Wave DAILY Strong bearish reaction to 0.77000 following this move after this H4 Pullback! LEVELS (Please split your Position to 3 small ones for perfect entrys!) SELL CADCHF 1ST @...
The Dow Jones reversed sharply from its last week close at 24285 levels after opening higher yesterday. The spot closed at 24638 levels, having potential to push through 26000 levels as well. Please note that a rise above 24800 levels would be considered to be encouraging to bulls and open doors to take out strong resistance at 25500 levels going forward. Looking...
Gold prices did drop lower as discussed earlier, but seems to have found support early at $1220 levels. Please note that structurally the metal could still drop lower towards $1217 and up to $1210 levels as well, before turning higher again. At a higher degree, Gold is into an A-B-C corrective rally since lows at $1160 levels earlier, and is further progressing...
The US Dollar Index had print highs at 97.28 levels before pulling back and is now seen to be trading around 97.13 levels. Looking at the lower degree wave counts, the US Dollar seems to have waves i and ii in place at 96.00 and 97.28 levels respectively. Please note that wave ii terminated at the fibonacci 0.618 resistance level of wave i and if this holds, we...
EURUSD print a lower low at 1.1305 levels today before pulling back, and is at 1.1320/25 levels at this point in writing. We discussed probability of EURUSD dropping to 1.1312 levels before resuming rally and if this is the case, it could be safe to assume that the lower degree wave ii (highlighted on the chart presented here), terminated at 1.1305 levels. Looking...
The previous trade overreached it's target by a lot, so i am going to take another trade on this one. It's not a beautiful bear flag, but because of the extra profit i am going to take it on. Good risk reward as well. On the left we can see a possible long term scenario. If this play out, i will try and make trades during those waves, assuming the general...
The Tidal Shift Strategy has just bought CHFJPY at 113.738. The system recommends entering this trade at any price between 113.612 and 113.864. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.954, which suggests that the CHFJPY could be trending upwards.The 14-period Average...
EURUSD is approaching its support at 1.1189 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1374 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 1.2% where a...
AUDNZD is approaching its resistance at 1.0703 (100% Fibonacci extension, 61.8%, 23.6% & 32.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.0652 (horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal could occur.