SEK weakness continues to reign , previously we saw a potential double bottom (DB) form with the February low (pattern later confirmed with a break of the neckline in April) and had further reason to be convinced of the reversal with an A-B-C reversal pattern forming off the same Feb low. After reaching a YTD high of 8.9159 we saw a ner retest of the DB...
Buy market USDJPY at 107.30 Stop around 106 lvls - to be confirmed soon Take profit target 1) 108.40 target 2) 110.80
The 4hr of the EURUSD currently is identified in this analysis to be in a Minor wave C position that is part of an Elliott wave combination (W-X-Y) structure. Red lines on the chart indicate resistance where the EURUSD is expected to hold before continuing its downtrend. Point of invalidation (POI) for this analysis is a price close above ~1.24104. Ideal point...
We're predicting that the price of #EURUSD from a Intraday perspective will decline 35 pips to 1.2401. Hopefully within the next couple of hours we should see the price of EUR/USD play out accordingly. Watch the before & after shots above . For the latest trading updates follow us on on Tradingview and feel free to share thoughts in the comment section below.
We are coming out of a reversed head and shoulder pattern, suggesting a reversal from the previous long term trend. We are in an uptrend on the 1 hour chart and we just had a healthy retracement and we broke the resistance line. I am taking a long here and will add as we break the neckline.
the market has just break the 0.618 LEVEL AND pulled back and now it's timr to SELL Enjooy !!
CADJPY Review ------------------- Pattern : Inverse Head & Shoulder and Flag Pattern. Possible Target : 100 Invalidation : If price comes below the neckline Trading Tips : "When I trade, I don’t just use a price stop, I also use a time stop. If I think a market should break, and it doesn’t, I will often get out even if I’m not losing any money" - Paul Tudor...
We have finally broken the Weekly trendline for USDJPY looks like usd jpy will be bullish watching for a retest of the trendline and then we should break resistance and create a new high
AUDJPY has retraced back to previous BO level (Green Zone) and we look to long at this area. With a Bullish Gartley completion near 85.58, we can enter at market price.
The USDJPY is approaching a key level on the weekly chart at 110.30. However is this an opportunity to long given the obvious fact that both countries have different monetary policies ? Or given the fact that Abe's popularity is tanking as a result of the scandal may cause markets to reassess the probability of him seeing his abenomics policies to fruition...
Due to our bias and involvement in the EURGBP trade, we have avoided trading the GBPUSD since it runs counters "sortof" to our trade idea. Thus Revelation Trading has stuck to our belief by being consistent with our trade idea. Yet today on 24th July 2017 we initiate a cover on the GBPUSD. The GBPUSD is in an uptrend regardless of the current retracement....
Everywhere I like I see ranges, NZDUSD has been ranging for days and day, EURUSD is weeks into it's range, USDCHF as well and EURGBP has been in a large range for well over a years. EURJPY has a smaller range but a nice possibility of a trade in the works. I want to see price rejection off 126.00 area, sell a trend line break and target the missed weekly pivot...
Last week's last trading day, we've seen the Euro -- after its extensive pushes -- take a rest before any possible strengths to come. Along with this was Yen's upside push due to impressive economic data. As drawn, which is best viewed at 1-hour chart, we can see that prices have fallen below the 200 sma (I use this as a basis for possible early entry for trend...
AUD/USD is finding support above the 0.7145 low of May, as oversold short-term studies unwind. A corrective bounce is highlighted, targeting the 0.7310 break level from November, but any further gains should find difficulty clearing congestion around 0.7400, as the Tension Indicator (not shown) continues to weaken and mixed background studies keep investor...
There has been no change in the dominant USD/JPY trend, with prices extending the rally from the 101.15 low of November. Focus is now on the 115.60 retracement and 115.96 break level from January, but any immediate break is expected to fade beneath congestion around 117.00, as short-term studies are already overbought and stochastics remain overstretched. Any...
The anticipated minor corrective pullback has been seen, with prices unwinding lower before posting a sharp bounce from the 99.43 low of 8 December. Immediate focus is back on the 101.80, (61.8%) retracement of the 2001-2008 fall, the 102.05 monthly high of 24 November and 102.15 high of March 2003, but mixed daily studies suggest potential for consolidation...