The CAD has been showing signs of strength and has reached the end of the accumulation in Phase D. This accumulation pattern has followed the classical Head & Shoulders pattern. A break of the neckline should see a strong mark-up in Phase E.
Wyckoff Phase analysis. Going long.
EURUSD has jumped the creek and reached the top of the Wyckoff accumulation range. At the beginning of April this jump was indicated following a spring and tests of the spring (See posts below). A possible consolidation and back-up to the creek should occur before the mark-up in phase E starts. Will be watching for longs once the consolidation has completed in the...
-mid time frame is in downtrend with price action consolidating and wykcoff spring failure test above the 147.7x area with rsi positive divergence -lower time frame is showing a range bound tight action with positive volume pressure ready to test 149.x -higher time is in uptrend- pulling back and in area of support
$AUDJPY could be a form a bullish reversal in daily chart. therefore, any selling in intraday should not be consider for a long run. look at strong daily bar at Jun 7, 2017. it indicate a strong buyer and possibly will continue up. I am monitoring 82.60 break for down move. if this a solid work, it will drive to south, but will watch out for any support. I don't...
$USDCHF daily look also bullish, but the price may go south for re test the support in short term time, before it goes north for longer time frame. 0.9740 - 0.9725 will my watching area for support level, as I sold at UT formation.
Daily $USDJPY price clustering at tight range, the price may rebound to north side from here. I am watching closely for smaller time frame (4hrs - 1hrs) for medium term trading strategy. 111.00 to 114.00 range area for bullish or 111.00 to 110.00 area. I think the the market will shake all seller first before it goes much to the south. but if north side is true,...
Range broken channel starting to form, close to the start of the trend.
The NZDUSD is going through accumulation as is the AUD and EUR. Based on a Wyckoff logic a spring is potentially forming. NZD has shown signs of adsorption volume in Phase B while showing strength in an upward channel. Once the markup starts this pair is a good option to follow the trend due to the strength shown.
HL and HH forming in a channel. Waiting for pullback to complete and looking for the markup to start.
Following the Wyckoff logic the pair has shown signs of accumulation. Price could find support on the yearly pivot in the coming week or two. OBV has declined more than price showing effort without response. Waiting for some volume to return and the markup to start.
Butters has a bit of a wyc*koff* at the moment and so is feeling a bit down. but I'm sure he'll perk up, either into a consolidation triangle with AllTimeHigh as resistance, or more likely the PBOC has given us the 'Bitfinex moment' of this cycle and we'll have a chance to BTFD around 5200 (butters likes to revisit previous ATH's and lower trendlines out of...
AUDJPY is in the down trend. AUDJPY bounced strong resistance level around 83.75-84. It will continue move down, most likely. Pullback may be good opportunity to join the trend.
EURUSD is showing classic signs of accumulation of Euro and selling of USD. We have had a spring and test in phase C and the creek is about to be jumped. The creek is being defined by the confluence of the yearly pivot point, 50 weekly sma and historic 50% retrace defined by the Ichimoku Cloud.
As for the EURUSD the AUDUSD has gone through an accumulation phase. With some widening spread on increased volume a change in character is being seen. This sign of strength (SOS) possibly indicates the Last point of support (LPS) has been established and the markup can start. Will watch for the development in the following weeks to see if the creek will be jumped.