This to me looks like a very bearish set up on the monthly and weekly charts also. The pair has broken key monthly resistance, tried to push back through, but had the price rejected only to fall further. Our two moving averages still having crossed over. We also have candle conformation as we have a larger bearish candle. The NFP last friday also had a very...
This is my chart for the week. As you can see price has now been capped by the FIB 0.61 Retracement zone and has broken my downward trend line. Price is now sitting at the yellow barrier highlighted in which i can see two scenarios. For me to go long i will need a clean break and close above the barrier on the daily TF and for a short trade to be warranted i...
AS YOU CAN SEE I HAVE QUIET A FEW CONFLUENCES LINED UP. IN WHICH THE OVERALL BIAS AND VISION IS QUIET BEAUTIFUL IF I DO SAY SO MYSELF SEEN AS ITS THE FIRST TIME IVE EVER ANALYSED THE PAIR. MOVING FORWARD 2 TREND LINES HAVE BEEN BROKING AND KEY LEVELS OF SUPPORT HAVE BEEN DRAWN ON WHICH ARE ALSO IN LINE WITH FIB EXT. OTHER CONFLUENCES AND DETAILS ON THE CHART ITSELF.
USD/JPY HAVE BEEN MONITORING THIS PAIR FOR A NUMBER OF WEEKS NOW. INDECISION AROUND THE 122.00 HANDLE AND A DAILY TRENDLINE BREAK WHICH WE CAN SEE CLEARLY ON THE ABOVE CHART... M.A CROSSOVER SUPORTS BEARISH MOMENTUM. NEARLY A 1:3 RISK REWARD....116.00 BREAKS THEN THERE IS CERTAINLY ROOM BELOW FOR 110.00
240 set up. Bearish Wedge break and re-test AB=CD completion at -27 fib ext targeting the 38.2 fib retracement level. Head and Shoulders potentially forming where price has bounced off previous structure and possibly heading to a minor level of resistance to continue the move downwards Overall bearish divergence on the RSI but short term positive divergence in...
Currently monitoring AUD/USD after completing a two year A,B,CD Fib Extension Setup... - Two weekly Spinning tops representing Indecision... - Monthly three falling bearish candlestick pattern - Possible upside trend line break break - Sitting on Lower Weekly channel boundary Need to await months end to determine medium term bias for this pair. More P.A needed...
XAU/USD- GOLD UPDATE (weekly chart)... EVERYTHINGFx have been bearish on gold for 6-7 months or so and anybody can go to the AstroFx YOUTUBE channel in order to view our historical technical analysis presented throughout the #TechnicalTuesdays Volumes. With the Global economic situation in mind... Ideally, investors will want to see another leg down on gold to...
After a successful A,B,C,D Daily playout on the pair it is now time to re-evaluate the sterling situation. 1.5350 Was acheived along with 1.5000! The fine work of Technicals, historical data and Fibonacci came together once again to give us high accuracy confluences in order to take profit. Currently awaiting the 3rd TL bounce around 1.5100 in order to take...
Hey traders, Another buying oppertunity here on the EUR/GBP! Now the bigger picture rules ALL in the market and this pair has completed a rather large . A, B, C, D formation finding support at 0.7595! We are now due for a bounce up to 0.7760 As the upside target zone. very clean,relaxed and simple Price action analysis from the team.
After 6 Months of a complete bearish bias on EUR/USD all the way down to 1.1600, we present to you our first short term buying opportunity! 1.1500 Strong support level is holding strong and we are long up to 1.1750! Will be watching DAILY price action around the 1.1750- 1.1800 mark in order for us to determine wether or not the pair is ready to go sort again for...
Hey guys today another target has been achieved which was posted 2 weeks back check the link out for the before and after analysis...but still our bias was firmly rooted for the bears and still expected to go lower! Technical Artwork at its finest www.Astrofxc.com
Very glad to say my euro target has been achieved (1.2040) as you may have noticed, I changed my profile name to EverythingFx as i am nearly done with my new trading venture which will be released around the 20th january 2014! I still own AstroFxc LTD. with my business partner but have been invited to be a major analyst on this new website with a few...
Simple Sell opportunity on EUR/USD for 120 PIPs :D Based on my Previous EUR/USD analysis... just zooming in to refine my mental market viewpoint.. check out my post for more info and structured P.A analysis.. have a great christmas all..... STAY TUNED! as there is so much more coming for ASTROFOREX & EVERYTHINGFX in 2015..