NINJA ALREADY FORMED a bullish continuation pattern as we can see today there's a descending broadening wedge (DBW). Some people may assume that the DBW is a part of CUP AND HANDLE pattern, nothing wrong about it.
THE SPECULATIVE setup would be around 50% Fibonacci Retracements measured from latest Swing Low to the current High (I assume it gonna form a swing as...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 24th, 2019 and we will be taking a look at the British Pound against the New Zealand Dollar. Looking at the 1 hour time frame we are looking for price action to hold above the trend line acting as support the 2.016 region. If we can continue with a bullish follow through and stay above...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 23rd, 2019 and we will be taking a look at the New Zealand Dollar against the Japanese Yen. Looking at the 1 hour time price action is nearing it's previous area of resistance at the 69.6 region, if we continue to move upwards moving back above the trend line and our stop loss this...
I would guess that main-line will be moderate bullish III. It is nearly opposite symmetric of gold price from last months.
Strong bullish line I in next two weeks is always a option but seems to me it wont happen.
Bearish line II in the end of November probably will last short.
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 22nd , 2019 and we will be taking a look at the Australian Dollar against the Japanese Yen. Looking at the 1 hour time price action is nearing it's previous area of support at the 74.3 region. If we can touch this support area and hold it and not break below our stop loss we will be...
COMPARED TO ANOTHER pair, the range on LOONIE is not really interesting. It's likely form a rectangle pattern and I assume the next move will be down as shown on the weekly chart that the rectangle is formed below EMA's.
The price will likely make a pullback before the price continue drop, even though the range is not really appealing but the movement is pretty...
ON THE DAILY CHART, we can see that has a chance to forming an A-B-C Correction in a descending channel. The current count is assumed by 5-3-3 corrective wave. The support area were assumed with Fibbonacci retracements.
The wave count (up and down) were based on Gann time Projection and could be adjusted if the price movement didn't respect the common time ratio...
STERLING MAKE A MASSIVE MOVEMENT LAST FRIDAY
Not just on GBP/USD, all GBP is going stronger that maybe not many people can expect it (except who used an Elliott Wave Count). The movement is really crazy and it's flying right to the 200 EMA's. Some people knew that 200 EMA's has a function like a dynamic Fibonacci as it be a support resistance levels too.
I...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 14th, 2019 and we will be taking a look at the Euro against the Australian Dollar. Looking at the 1 hour time we are now looking for price action to find support with this minor pullback at the 1.626 region after breaking above resistance and flipping bullish. If price action can hold...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 10th, 2019 and we will be taking a look at the Euro against the New Zealand Dollar. Looking at the 1 hour time frame, we are looking for price action to pullback into it's previous area of resistance at the 1.74 area. If price action can pull back into this resistance region and reject...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 9th, 2019 and we will be taking a look at the Euro against the U.S Dollar. Looking at the 1 hour time frame, price action has broken a key level of support breaking down through it at the 1.09 region and now action as resistance. If price action continues with it's bearish sentiment and...
Hello Traders, welcome to the Daily Forex technical analysis . Today is October 7th, 2019 and we will be taking a look at the Canadian Dollar against the Japanese Yen . Looking at the 1 hour time frame we can see price action has attempted to reach its previous area of resistance at the 80.7 region, but failed to make bullish continuation at this zone. We will be...
Hello Traders, welcome to the Daily Forex technical analysis. Today is October 4th, 2019 and we will be taking a look at the New Zealand Dollar against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to possibly pullback into the .8427 area and retest this area of resistance. If we do get a pull back and price action doesn't...
