pips

After a positive NFP report last friday USD turned up on confirmation of Yellen's previous hawkishness and indication that the economy is progressing. This week it seems like more of the same. We broke through a bearish trendline to expect more upside. We could see a pull back to retest this trendline/support but there seems to be a nice supply zone around the ...

My previous analysis called for USD long last week but this week it looks like we can change from bull to bear after last week price action, economic data and statements made by Fed chair Janet Yellen during two testimonies before congress we can say that we have a weaker dollar for now. Price rejected major resistance at 114.500 early in the week and has been ...

Using the previous week analysis on the 4hr timeframe to confluence USDJPY weekly analysis we see that weaker dollar caused by fundamental remarks/issues and bad economic data Gold broke its trend and looks to be starting a run of higher highs and higher lows. This can be confirmed by the inverted head and shoulders pattern better seen on the daily, also a ...

Last week the pound broke 1.30 nicely and closed at 1.31 taking it to new 2017 highs. This recent uptrend in cable has brought gbpjpy to a strong daily resistance after a big move on Friday making a higher low and higher high. I expect the resistance zone at 147.750 to be tested and possibly broken if the pounds strength can continue. I wouldn't be looking to go ...

Watch out for the Head and Shoulders play on this pair. Everyone has a different way of trading this formation, watch out for this pair when it moves closer to resistance (or the neckline.) Follows, Comments, and Likes are appreciated!

Gold has been stuck in this consolidation zone between 1241-1257. A strong upward trendline is starting to intersect with this consolidation zone which would allow gold to take some direction further down or a bounce to start rising in price. Fundamentally USD has been weakening against most currencies and its possible that it could fall further. The heavily ...

I see potential bearish for eurusd. SL: 1.1463 TP1: 1.1362

USD/JPY has still been in a ranging market structure between 111.000-111.800. Since the Fed rate hike a couple weeks ago UJ has found itself stuck between these prices, to me it looks like bullish consolidation based on the trendlines, EMA and double bottom pattern. Although I have a long bias on USD I dont know which way this pair will trade until we hear the ...

We broke through the 1.145 mark on this pair and now we are forming a lovely flag pattern. I will be looking for a big to the upside aorund the 1.16 mark

As we see, pair has broken the bearish trend/correction the last week. Now, the price is doing a pullback till the line of the breakout. We can project two possible movements: First, a new impulse in low frames(30 min-1H) of 200 pips aprox. Second, a big bullish rally of 700 pips aprox. Before of that, we have to see a breakout of the correction to open a long ...

On higher TF the downmove has been confirmed by the by a strong bearish candle, Previously we made a flag and that was your sell setup there, Now any sort of pullback or flag you can add another position all the way down to the bottom of the trendline

Whats up traders Great opportunity for the gbp/aud -0.02% : **Watch comments for more info** Accumulation of : - Fib 88.6 ( 2 year ) - Fib 68.2 ( 4 months ) - Fib 38.2 ( 1 year ) - Strong support zone - 3X Weekly trendlines as perfect support - Stochastic oversold : I will update with a multi time frame stochastic system for perfect entry Targets ...

Yesterday seems that aussie could take a falling movement this week. However, today's scenario is completly different. As we see, a bullish candle has broken the resistance level. Now we can expect a retest of that structure to go long again.

BEARISH BAT PATTERN TO 61% AD RETRACEMENT 0.8484

Short this pair. USD is looking bullish so GBP is bearish. Watch for break of trendlines and then short. SL: 1.93 TP1: 1.2815 TP2: 1.271

Gold has been falling as USD has been gaining strength over the past month or so. We've broken through some major levels with momentum including a strong bullish trendline that has been acting as a support for all of 2017 thus far. It looks as though the next 6 months of this year could be well different than the first 6 months that started 2017. If US economic ...

Similar to CAD/JPY this pair has increased a lot in 1 month by about 6% so with that being said my technical's are showing me that the RSI has hit overbought regions and the stochastic has now start to head down and with NZD hitting recent highs in nearly all majors & lastly it closed below the resistance line which has been around since 2015 and also the trend ...

NZD/USD has rallied by more then 4/5% since May without a pullback. The signs I see is that a divergence has formed on the RSI and the stochastic indicating that its overbought on the weekly (You can see whenever the stochastic hits overbought levels there is a drop) and lastly it has broken through the more then 1 month old trend line and also struggled to ...