The jappy has proven itself to be the safehaven zone for many traders after all the events surrounding Brexit. A good scalp position holds as USDJPY heads up to an area of resistance and trend line. It may also head down at 102.491, as it's right at a significant trendline and 76.4% fib levels. I expect the pair to continue to fall lower in the future
Break of structure EurJpy is in a consolidation period before our next wave UP! Ema cross as well as holding as support
A lot of negative data coming out of the US lately. With the lowest NFP results in 7 years, Interest rates failing to rise again, and positive oil data, I would look to continue shorting USDCAD. In the technical perspective, The 4th wave is currently proceeding, and I have a gut feeling it won't go higher than 1.2830 before turning around to complete it's 5th wave.
The bears on Gold are pushing hard against the bulls. As multiple support and trends lines are being broken, this commodity is providing a strong sell signal in the future for me. I will be waiting for a retracement up before entering
A Clear hold of the 110.355 levels could be seen (also the 76.40% region), and it looks like USDJPY will continue it's bearish trend. Currently, prices are retracing at the movement, and it looks like prices will continue lower after the retracement
USDJPY is currently at a point of major confluence area. With prices right at the 76.40% region and upper trendline. I expect prices to breakout of either direction. Let's wait and see
Looking at the daily time frame, USDCAD made a clear turn around in its prices at the 76.4% fib level. This suggest that the pair may now continue its impulse run to higher highs. I would be looking to buying this pair from now on.
We have recently seen a sideways move. We saw a big bearish movement and quickly lots of buyers got back in. Maybe market makers were trying to eat stop losses. Now, the market could continue to fly as the market has made new highs on weekly timeframe. Ttrend could continue.... Let's see what happens...
Very nice long setup here, - Clear breakout of Daily support turned resistance - Candlestick pull back showing this level will hold to continue to the upside - Overall market trend, and a uptrend daily and 4H - Long term EMA is suggesting that we have alot more upside to come from the previous giving us that added confluence that it's a good Buying position to...
Break above my minor resistance and I would be looking for a 45 pip target due to a successful Higher low break. resistance break, hour break above also and a channel. Like, comment and share your thoughts/
Long - A break above this channel and the recent higher low could instantly signify a minor change in direction due to low momentum etc.. Short -Break below the recent lower lower would be a sign that we are going to continue to ray down.
I've broken down the AUDUSD and I've come to a conclusion that two things could possibly happen. We currently have a decent support zone at around 0.7600 which has been tested twice wile rallying up to our resistance of .07667 which has proven to be a major key level historically. We have also broken our official parallel channel a which is giving us a sign of a...
With gold making a clear upwards breakout from 1247.96 levels, there is a clear path for gold to head to 1278.39. Personally I am going to wait for a retracement back down to 1255.00 before going long again. For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
With GBPJPY continuing to creating new lows every week, i expect the same with this week as well. On the 4h timeframe, a beautiful dragonfly doji could be seen. Following with it are several bearish candles which gives me a strong sentiment that this pair will head down lower. To be on the safe side, I'm waiting for gbpjpy to break 156.624 before entering a short...
EURAUD has been an interesting pair for as well. It correlated well with my analysis last week and went positive around 100 pips before it turned around. The pair then hovered around 1.56011 levels before breaking clear the trend line as of this monday morning. My sentiment on this pair is now bearish, but i would want to see it test the 61.8% and 76.4% before...
With a break of an 1hr trend line, I'm placing my bets that USDCAD is going to reach higher to at 1.3836 before making it's next move.
With a break of a major support line. A pullback up to 115.500 provides a good risk to reward to sell the pair for lower lows.
Looking at the daily and weekly trend, AUDUSD is clearly in an overall bearish market. After hitting lows of 0.6830 during mid January before heading back up, AUDUSD made a clear stop at 61.8% fib levels on January 28th. Could this be the signal we've all been waiting for? A beautiful spinning top could be seen forming, and what I can expect from this pair is a...