Parallel Channel

USDCHF weekly chart ema cross is up, wave c Resistance 1.13

While everyone is watching to see whether the 2016 low will act as a support/reversal point, I am also curious for the general direction of this currency pair over the long term. As CAD is so closely tracking USOIL prices, weakness in oil should support weakness in CAD, especially relative to USD, the currency of oil markets. For reference, here is the slightly ...

Potential bullish bat pattern on the daily GBPAUD

I personally believe EUR has entered into an main ascending channel with a potential to rise to the middle of a it. If EUR does so, probably declining cycle will comes giving strong pressure on a future EUR growth. If EUR reaches a middle of the channel and fall after that I afraid we could see huge dive till 1.0 and lower inside a big flat channel. ...

SPX weekly chart Wave (iii) very close to 13/2 ratio (ratio final price / initial move) look for bearish ema cross in lower time frame

Hello trades, Hope all is going well with everyone. As shown above, GBPUSD is showing strong signs that its changing its trend and we could see strong bullish movements in the coming days/weeks. Please note that in order for this pair to continue its move upwards, it has to avoid trading in the accumulation area (highlighted in blue). This is not a trade ...

Reasoning: 1) Wait for the breakout and take a trade towards that direction 2) If the pair breaks the support of the horizontal channel then look for a TP target on the S4 pivot 3) Notice the 3rd bounce was not as strong as the other 2 and then price consolidated which makes me think that maybe the bulls are taking a break and it's time for the bears to take over

Based on the current Daily chart/pattern, there is a possibility to enter a LONG until the top of the channel trendline, before a substantial SHORT to the bottom of the triangle's channel trendline. IF the bottom trendline is broken, after consolidation and crossing the Blueberry EMA, we should be able to have confirmation of a significant Impulse wave downwards ...

This is a very optimistic view of the NZD. This assumes the US Dollar continues its run down. I think the TP1 is much more probable in the coming weeks and at a little over +100 pips I am ok with that.

EURUSD breaks 1.13 Heading towards the long term channel Price is very bullish after break 1.13 Pay attention to 1.1424 level which is FIB 1.13 EXT and also the channel. Wait for market to test this level and the price action should tell us the direction. Breaking this Channel may lead EUR to 1.19 However, if failed to break the channel, a big correction may ...

Hello guys, I know so many traders want to short GOLD long UJ now. Check this, you could hv several reasons to long UJ. 1. FIBO 0.5 2. Support line( green) 3. 5 wave channel . Does that mean you can enter right now ? Will post answer later. Less is more!

NZDUSD Break down the uptrend channel Find a pull back to short. Although last ideas was a loss, but that is discipline, and I must thank for this stop loss to cut the loss only at 40 pips, not 120 pips. you can see the huge upside move after the breaking out. Now the NZD has broken the channel with a strong bearish candle closed below. I will find a pull ...

Regardless of any short term reaction for the USDCAD following today's bank of canada rate decision. Some serious technical damage has been done to the pair. Suggesting we may have established a new bear trend and may extend over the coming months. 1.30 was a key horizontal structural low and support zone. We have been trading below that support for two weeks ...

Another Bullish BAMM Setup. Wait for breakout. 0.786 Could be a very possible target. :)

USD/PLN 4H Chart: Channel Down The American Dollar is depreciating against the Polish Zloty simultaneously in two descending channels. The junior inner channel formed after the currency pair bounced off from a combined resistance level set up by the senior pattern’s upper trend-line and the 100-hour SMA. In the first half of Monday the rate is expected to ...

Detail on the chart

Lately we have seen a lot of catalysts as far as WTI Crude Oil but less and unreasonable volatility than expected. We had: 1.O.P.E.C enlargement deal. 2.Libya's and Nigeria's supply growth. 3.Arab nations cut ties with Qatar. 4.US increase Oil production 10 months straight with new cheaper drilling methods. 5.Summer rally seems to have an effect on inventories ...

We're going to 100k, but a bumpy road is ahead!