GBPAUD and GBPCAD demonstrate historically high positive correlation (0.9). The crosses currently offer a mirroring long breakout setup from the narrowing triangle structure.
The orders' confirmation comes after 1H candle close above the resistance trendlines. Hope this helps.
Price action short setup on USDCAD.
Sell at 1.2620, an intersection of static resistance line, dynamic barrier and R2 pivot point.
Partial fix at 1.2592, a bottom channel line. Its break indicates short position confirmation.
The following targets at 1.2530 and 1.2470 at static support areas.
these past weeks E/U has had major news for both countries, hit highs that haven't been hit in years, and lows on DXY that haven't been touched in a while. on our you can see divergence on the chart, and indicator. it shows that it is supposed to be a double top, but RSI said it went down. Also the pattern went exactly to the 50 percent mark on the Fibonacci ...
On Monday EURUSD tested and closed at 1.0860, dynamic resistance level made up with crossing trendlines connecting maximum and closing levels from May-Aug 2016.
This test offers opportunity selling euro with the first target of 1.0770, the static level had stopped pair's growth back in Dec and Feb. Further support levels are
1.0690, intersection of lines ...
Last week bitcoin has updated all-time high to US Dollar at 1218. Growth potential is currently limited by dynamic resistance trendline that connects Dec 2015 - June 2016 highs, confirmed with Jan 2017 reversal at 1120.
Considering bitcoin dynamics it may reverse from the current point and quickly drop down to 1100 and 920 support levels.
EURUSD extended its 5th wave in the descending move from 1.0830 which appears to remain an impulse structure. If Elliott wave count is correct, its likely to see EURUSD updating recent 1.0520 low.
Preferred sell zone is set at 1.0720, where descending neckline meets 61.8% Fibo retracement level and R3 pivot point.
Close below dynamic support zone 1.0640-1.0660 ...
Silver has tested the lower range of February descending triangle at 17.75 for the second time since yesterday. I'd short XAGUSD once it meets
A. 18.10, upper range of the triangle;
B. 17.70, indicating break below its current range.
USDCHF has just tested February ascending channel's upper range at 1.0110. The resistance level is confirmed by brown descending neckline (dis[layed on the chart below) and R2 pivot point.
Short USDCHF from the current level targeting 1.0040 - channel's lower range and purple trendline projection.
Silver quotes continued trading above the bearish channel range described in the previous idea. XAGUSD approaches the follownig daily resistance at 18.15 displayed on the daily timeframe.
On main 1-hour chart a descending triangle is marked in green, its upper range at 18.01 was tested at the start of this hour. This level ...
EURUSD has just tested the dynamic support at 1.0590 led through minimum levels of 8-10 Feb. Descending move from the recent peak of 1.0830 may be displayed as 5-wave impulse wave. If this assumption is correct, we would see further euro decline in mid-term.
Test and break above red line in the 1.0630 area would indicate making up of correction move to the bearish ...
Siver (XAGUSD) has tested upper range of the descending channel for the first time since September 2016. The channel has been valid for 6 month. Silver is currently trending above the dynamic barrier 17.45 and may continue uptrend targeting 17.80 and 18.20 (marked on the chart).
If XAGUSD returns in the channel (we need to see a close below 17.40 for ...
USDCAD is testing daily dynamic support zone at 1.3000/25 for the second time this week. This barrier has been made up with the intersection of trendlines from the extreme minimal and closing levels of Jun-Aug 2016.
Thursday candle close above the described support would indicate the pair's recovery targeting 1.3180-1.3210.
Daily close below 1.30 would confirm ...
USDCAD has tested and retraced from the upper range of the descending triangle at 1.3165. Pivot point R1 1.3173 offers additional resistance for the pair.
Close below the triangle's lower range would confirm USDCAD short targeting 1.3080.
Short-term long signal for BTCUSD within range of the ascending channel from Jan.18.
Stop below the lower channel band at 880;
Buy order's confirmed above the signal line at 910 (marked with color);