Watching this pair closely since I spotted what looks like a very significant top area, both in time and price. It's possible that GBPCAD will form an ending diagonal triangle and give us a great short opportunity in the coming weeks. The daily and weekly uptrend signals point to a top between the 9th and the 24th of July. It's also interesting to note that...
Ok, some traders noticed this vertical advance and want to short it. I do too, but not for now. I'll wait for confirmation before going short, but it looks like a potentially very good trade. It's reassuring that we are at the start of a new quarter, and many trends will start to reverse, and many pairs will come out of consolidation patterns as money managers...
Hi, in this chart I describe how I read the price action in the Bitcoin chart, in this case the Okcoin futures. My spot forecast and weekly trade setup is coming along nicely, but there are other shorter term opportunities for the traders with a keen eye for technical analysis. The new indicator plots inside and outside bars, as well as range expansion, paying...
I came to the following conclusion after studying this chart extensively: This is either a corrective structure or a nested impulse. The last bearish time at mode targets matches an interesting fibonacci projection with perfect ratios for a corrective expanding wedge structure, which some might see as an impulse (can be either an expanding ending diagonal C wave,...
I've been watching this chart closely, and I think we might see a great buy setup in the near short term. Eyeing the area between 121.43 and 122.34, with invalidation for this signal below 118.968, potential upside is 137.94 in 6 months or less. We don't get significant trends in FX very often, and this is one of them. I'll be monitoring the Yen to enter a longer...
I changed my view on this pair and I think we're witneseeing the start of a very strong rally, which could reach the 1.74 to 1.84 zone in time. Analysis on chart. I will update with my long entries, looking to establish a longer term position trade in this pair if my analysis proves to be correct. Good luck, Ivan.
An addendum to my EURAUD weekly forecast chart, couldn't get the targets to be readable in the other chart so here it is. I don't normally give stop and exit reccomendations but this one seemed easy to project realistically without making changes along the way (which is the way my trading logic works, difficult to translate into one static forecast). Good luck, Ivan.
EURUSD is one tricky chart, compared to the other euro pairs I'm trading. I suspect we will see volatility, which will get as many people stopped as possible, while still having the stronger moves to the upside. The weekly is building modes higher and higher, and just confirmed a 9 week uptrend signal, which might run into low volume resistance in the 1.16786...
We can clearly see the reaction to the downtrend signal expiry. I'm looking to buy a breakout above the 10 period MA here, which would put my entry at around 1.53849 to be safe. GBP has been lagging the Euro and Crude rally, so it'll be interesting to monitor all GBP pairs for long setups now. Will update with the entry and scale in opportunities. Good luck, Ivan.
Weekly Bars and Profiles of the moves up and down across the range here from 14 to 18.50. The contracting range across the Dec-January initial range is a sign the market is waiting for news. The recent green uptrend (boxed in green) is still intact but it sitting on support. The rally has had 3 weeks where the price range EXPANDED on the upside where the...
Similarly to EURNZD and EURAUD, EURJPY exhibits some bullish characteristics. I won't waste time with a huge writeup, the analysis is on the chart. Feel free to comment, and if you agree, hit like ;) Good luck, Ivan.
I'm short until we reach my target, but the bigger picture is confusing for the dollar, crude oil and the euro. Crude oil is currently moving sideways, with a slight bearish bias, but not as radical as eurusd or inverse dxy. I drew the daily and weekly time at mode signals on chart, with the MTPC indicator showing weekly candles, while the line chart makes it...
As you can see in the chart, we have had a strong bullish move from the lows after breaking a highest low trendline. Right now, there's risk of a broad depreciation of the euro vs stronger currencies, in particular vs the higher yielding Kiwi and the dollar, naturally. After crude oil started correcting, most euro, chf and gbp pairs started strong bullish legs,...
As described in my previous Bitcoin chart, we had the possibility of a weekly downtrend signal to fail, providing us with an important clue towards a resumption of the bullish long term trend. As Tim West points out in his own analysis, there is accumulation going on in the background, and there hasn't been a new low in some time since we hit the 150 zone. The...
Daily downtrend signal expired, in what looks like a complete 4th wave correction, down to the previous mode support, which also happens to be a previous lower degree fourth wave. Expecting dollar rallies accross the board. Minimum target here is a retest of the highest low, but it could naturally go higher if the US NFP data is good on Friday, boosting the dollar...
As the title implies, I'm tempted to go long GBPUSD, and other GBP crosses (like GBPNZD). Fundamentals have been consistently good overall, but there's fear in the air surrounding the uncertainty of the coming elections results. The recent polls towards the May 7th elections imply a tie between the Conservative and Labour parties, and the possibility of both...
This is a time at mode analysis of the current EURNZD uptrend. We have an uptrend time expiration in 2 bars and CCI divergence in the recent top, whilst also seeing the highest low level taken by the last down bar. On top of this, price reached and exceeded the target ahead of time, by three times the projected range, which tells me it's currently...
I had this chart inside my EURNZD roadmap chart, but decided to publish it to keep track of the moves as they unfold. Time at mode signals an uptrend, I decided to attempt labeling this with EW, but it was a pretty complex exercise, so I will adapt my friend's Nick Coulby's (www.tradingview.com) wave count to my time at mode chart for illustration. There's a nice...