GBP/USD is declining as expected. It is time to move our StopLoss level dipper in the money by 60 pips to the level of 1.3060.
Technical Play,
The USD/CAD has just broke below the lower trendline of the technical triangle that developed over the past 3 months. The pair is expected to gain some negative momentum. Price target is at 1.2460.
EUR/CHF hasn't fullfiled its upside potential yet. After the recent correction, the pair is poised for an upside move. Price Target is the resistance of 1.1120.
The GBP/USD has just broke below the important local support level of 1.3050. The pair is expected to keep moving south towards the major support level at 1.2675 - My price target.
Negative sentiment is back for the EUR/USD. After a few weeks of sideway movement the pair seems to be ready to resume its original downside trend. The next downside move is expected to drive the pair towards the major support at 1.0757 - My Price target.
After hitting my predicted level at 0.7250, the AUD/CHF has basically just completed the full Matrix pattern, and is ready to breakout of the Matrix on the upside. My Price target is the Fibonacci 161.8% projection level at 0.7750. Stay tuned...
The USD/CAD looks ready for a downside reversal. The pair is expected to begin its descent towards its previous low at 1.2650. Negative divergence from the oscilators enhences the downside prediction.
AUD/CAD is pushing forward as expected. The pair is ready to accomplish its current upside move that should carry it straight to the next resistance and price target at 1.0033. StopLoss was updated to the level of 0.9920.
The AUD/CHF is closing in on my price target at 0.7250. I have tightened my StopLoss level to 0.7340.
After hitting the major previous peak, the USD/CAD is ready to reverse and resume its downside trend which started at the begining of 2016. Price Target is at 1.2665 - Previous local low.
The NZD/JPY is signaling for an upside reversal. The ongoing battle against the local resistance of 74.95 is expected to end soon with an upside breakout. Positive divergence coming from the oscillators only enhences my bullish prediction. Price target is consistant with the major resistance at 80.77.
The EUR/CHF is just compeleting the right shoulder in an interesting Inverse Head & Shoulders pattern. This upside signal only enhences the original positive prediction on this pair from the first place. The next important resistance at 1.1120 will be used as price target. Stay tuned...
After a short upside correction, the GBP/USD seems to be ready to resume its downside trend. The Head & Shoulders formation accompanied with the breakdown of the local support at 1.3106 are enogh for me to establish a Short Position on the pair. Price target is consistant with the support of 1.2730. Stay tuned... www.thechartwizard.com
The USD/JPY is signaling for an upside trend reversal. The previous downside move had reached exactly the 50% correction level, combined with a postive divergence is enough for me to place a Buy trade. I'm going to aim at the highly important Fibonacci Hybrid Cluster zone that is represented by the levels between 114.50 to 115.50 - my target zone.
I am flipping over my position on the AUD/CHF. After the pair has based itself below the test level of 0.7458, it is reasonably safe to say that the next move is more likely to head south, towards the significant support of the Matrix at 0.7250 - My price taget for this short trade.
The Canadian Dollar is on the rise. About a month ago the CAD/JPY has began to shift its primary trend after hitting the low levels of the Matrix at 77.00. The reversal has been accomplished and the upside move is on the go. My Price Target is consistant with the major resistance of 85.12. Stay tuned...