I. EURUSD on Daily timeframe declines back to descending trendline proijection that starts from 2015 hight 1.3993. Above its current leve l1.0760 we've got two more support levels 1.0790 and 1.0815. II. Expect EURUSD tests 1.0880/90 resistance area, then rebounds down to 1.0790.
I. AUDUSD on 4-hour chart is developing descending move targeting mid-term zones 0.7080/60 and 0.6970/50. II. In short-term perspective we've come close but haven't yet reached first support area. Likely scenario is AUDUSD slide from 0.7140 resistance down to 0.7080 support. Once we see bounce back from the mentioned barrier I expect correction up to levels...
Since Monday USDCHF has retraced back to current level 0.9950, sitting just above dynamic line, that was made through 09-25 Sep highs. Its current value 0.9940 works as pivotal to USDCHF. Above 0.9950 I expect further USDCHF growth targeting 1.0100. 4-hour close below blue line indicates retest of 0.9770 area.
USDJPY has come above yesterday 121.60 resistance area and extended gains by reaching following dynamic barrier from 02.Dec high 123.67. The pair has immediately retraced lower which suggest 122.10/25 resistance might send the pair back down to 199.80 bearish target. Stop loss is set above 122.25 static level.
I. EURUSD has remained below daily resistance 1.1015 as displayed on D timeframe. Same chart highlights likely sell targets of static line 1.0815 and descending daily trendline at 1.0760. II. In short term view, I expect EURUSD to retrace back to 1.0954/1.0970 area (38.2% Fibo level + intraday trendlines) and enter sell there.
USDCAD has come to dynamic resistance line at 1.3690 which starts from 18.Mar and 29.Sep highs. Expect reversal to downside from the level targeting lower line of the narrowing triangle (yellow) in 1.3380 area.
As expected USDJPY has retraced from long-term resistance area 123.80 down to static support line 120.30. Likely scenario is further USDJPY decline. In short-term outlook USDJPY corrects higher after bearish wave 123.48 -> 120.32, potential reversal points are - 121.20, current resistance from 08.Dec local highs; -121.53, static line, 38.2% Fibo correction level...
USDJPY has broken flat range to the downside and rebounded during Asian session back to 122.25. Retracement from 122.25 indicates sell continuation targeting 121.20 and 120.30.
GBPUSD has approached for 3rd time in recent hours dynamic level at 1.5060. Likely scenario: following positive EURUSD dynamics, GBPUSD closes above 1.5060 which confirms buy entry targeting 1.5160 area. Alternative scenario: kick down from 1.5060 to 1.4970, then another leg up to 1.5160. This idea is an updated view on a broader GBPUSD outlook.
Hi all, Earlier today I've shared a few trading ideas that could help me make my hands and accounts busy despite risky euro positions. Any way Probable scenarios for EURUSD: I. Impulse test of orange support line at 1.0520 (shadow down to 1.0480) and spike up to 1.0670 and 1.0720. Look for additional confirmation with close above with 1.0590. II. Further decline...
USDCHF is testing dynamic barrier 1.0240 that was broken yesterday. Put sell 1.0240 SL 1.0290 (50 pts), take 1.0130 (110 pts, 23,6% Fibo level).
I. GBPUSD has tested weekly support from 2008 highs. II. On 4-hour timeframe GBPUSD has tested and bounced twice from dynamic support created by connecting minimum levels from 08.Jul and 04.Sep, 1.5330 and 1.5163, accordingly. III. Hourly timeframe confirms 1.4910 support level and signal line 1.4970. Close above 1.4970 would confirm GBPUSD rebound from...
Since 09.Nov USDJPY makes up a probable flat correction in 123.60-122.30 range. Currently pair rebound is stopped at pivot point 122.85, where descending red trendline from two local highs (close values) meets control line from 26.Oct - 05.Nov highs. USDJPY close above 122.85 would indicate following 123.60 test and growth up to 123.90-124.10 area.
EURUSD did inverse test of dynamic level (red line), a rebound from it confirms EURUSD long. Put stop below intraday low 1.0615, resistance marked with dark line, target set below R2 daily pivot-point 1.0690.
AUDUSD started its decline from 0.7140 on Thursday and was stopped by short-term support level 0.7090, created with two violet trend lines. After rebound AUDUSD has returned to previous order's open level. As displayed on the chart, 0.7140/60 area is strenghtened with a few dynamic resistance points. Expected scenario is AUDUSD decline targeting 0.7050 and...
GBPUSD remained in the ascending channel range. During today GBPUSD is sitting on channel's lower line currently at 1.5210, a confirmed break below it is needed to open SELL order. Target 1.5110. *If GBPUSD retraces back into channel, it rises to 1.5260, 1.5285 (follow yellow lines above).
Since 12. October AUDUSD is moving in a descendeing channel with current range 0.7140 - 0.6940 that reflects main trend direction. At this moment I expect developing one of the outcomes: I. Rise above 0.7080 (entry) and test 0.7140 (target), stop 0.7050. II. Fall below 0.7040, test and break of 0.7020 (entry), decline to 0.6945 (target), stop 0.7050.
EURUSD on daily timeframe has broken down descending trendline from May 2014 top 1.3993 in projected area 1.1040. This level should be considered pivotal for EURUSD on Monday: another close below it would confirm next bearish target 1.0815, while rebound above 1.1040 would support EUR. Green trendline from 20 July on 4-hour EURUSD chart confirms described...