A triple top near the 1.1900 P.N. Im expecting a Pullback to the 1.1850 area before a bigger move higher as the DXY is looking weak and possibly heading to 88.00. Im shorting it down then I will turn to a buy position. Longer term target in the 1.2000s area.
LONG EUR/AUD, ***IF there is a clear rejection around the current area, wich is on the 1,61500 monthly key level (psychological level). There is also a divergence (pink line on the chart and on the RSI), suggesting a bullish move. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
EUR/JPY is currently forming a point C at fib 61.8 which has been tested twice now and I am expecting this pair to fall down to 122.5 to pick up orders and fulfill liquidity which correlates also with the psychological 122.5 level
H4 - Price respected the 0.60 psychological round number and is bouncing higher from this zone. False break with bullish divergence. Based on the moving averages the slope is bullish. H1 - Bullish divergence. Expecting the price to continue higher further after pullbacks.
$DRI showing great continuation support and buyers defending nicely below 100. As long as they are able to reach back above 100, it may form a great platform for buyers to cycle up for another leg.
SHORT XAU/USD, ***IF there is a clear rejection around the current level, wich is on the 61,80% level of the fibonacci taken on the daily timeframe and it is also on the 1920.000 key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT AUD/USD, ***IF there is a clear rejection around the current level, wich is betwen the 50% and the 61,80% level of the fibonacci taken on the daily timeframe, it is also on the 0,72000 key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
LONG EUR/AUD, ***IF there is a clear rejection around the current level, wich is on the 50% level of the fibonacci taken on the daily timeframe, it is also on the 1,63500 key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT EUR/USD , IF*** there is a clear rejection around the 50% and 61,80% level of the fibonacci taken on the daily timeframe , wich is on the 1,17500 weekly key level (psychological level). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
The pair ha formed a candlestick reversal pattern, with 2 Doji candlestick rejecting our 61.8% key fib region... we could expect a new leg being formed into the targeted highs around the psych level of 0.71000 risk/reward ratio 1:2.64
LONG AUD/USD, ***IF there is a clear rejection around the current area, wich is between the 50% and 61,80% level of the fibonacci taken on the weekly timeframe, it is also on the 0,70500 monthly key level (psychological level) and the market is close to being oversold. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
SHORT GBP/AUD, IF*** there is a clear rejection around the current area. The market reached the 38,20% level of the fibonacci taken on the daily timeframe and also reached the 1,78000 key level (psychological level) and seems to be rejecting both of these levels. IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
H4 - Price reached a strong support zone where the 1.75 psychological level coincides. Bullish divergence, 20 candles Bollinger Bands ride, engulfing candle pattern. Expecting corrections to happen here.
D1 - Price has reached a strong resistance zone formed by the psychological level 45 and 200 moving averages. Bearish divergence. Until the strong resistance zone holds we may expect corrections to happen here.
the direction of price movement is trading downwards, we see a pattern of lower highs and lower lows being formed. price has respected our fib region, broken the trendline and retested, therefore we could expect further downside to targeted regions. risk/reward ratio 1:2
LONG EUR/AUD, ***IF there is a clear rejection around the current area, wich is on the 1,61500 key level (psychological level), it is also close to a trendline dated from December 27 2019 and the market is oversold (seen on the RSI). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
LONG GBP/AUD, ***IF there is a clear rejection at the current area, wich is on the 61,80% level of the fibonacci, it is on a downtrend channel, on the 1,83000 key level (psychological level) and it is on a trendline. The market broke a downtrend channel and a key level and is now retesting both of these levels. IMPORTANT : I am only showing an analysis on one of...
D1 - The price which is moving higher has reached a strong resistance zone where we also have the psychological round number 2 coincides. Until this strong resistance zone holds my view remains bearish here. H4 - The price has created two false breaks with bearish convergence. Expecting further continuation lower after pullbacks.