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.
AUDCHF is approaching its support at 0.71975 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7221 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
NZDUSD is approaching its support at 0.6699 (100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.6783 (76.4% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.
CHFJPY is approaching our first resistance at 114.03 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 113.12 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching...
The EURUSD dropped yesterday towards 1.1327 levels before closing the week at 1.1335 levels. Please note that potential remains for a drop towards 1.1312/15 levels, before resuming rally. Looking into the short term wave counts, it seems that a lower degree waves i and ii might be in place with wave i terminating around 1.1470/75, while wave ii at 1.1327 levels...
Gold is seen to e trading around $1227 levels at this point in writing and could probably continue pushing higher from current price or drop towards $1212, before resuming rally. Looking at the short term wave structure, waves i and ii might be in place or wave ii could terminate around 1212 levels as labelled here. If the above structure holds to be true, we...
AUDJPY is approaching its resistance at 82.24 (61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 81.48 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). Stochastic (21, 5, 3) is approaching its resistance at 94% where a corresponding reversal could occur.
USDCHF is approaching our first support at 0.9954 (horizontal overlap support, 38.2% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0019 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is approaching support and we might see a corresponding rise in price should...
CADJPY is approaching its resistance at 85.68 (61.8% Fibonacci extension, 61.8% & 23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 85.32 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
CADCHF is approaching its resistance at 0.7557 (61.8% Fibonacci extension, 32.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.7507 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal could occur.
USDJPY is approaching its resistance at 113.25 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 112.87 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.