Forex Market

USD/JPY: USD/JPY bulls went on the offensive Thursday, up 0.27% on the day. Bolstered by US-China trade optimism along with the greenback receiving a lift from post-ECB selling, the H4 candles shook hands with a rather interesting area of resistance at 113.85/113.64 into the close. Shaded in green we have a zone composed of the underside of a weekly supply at ...

GBPUSD reversed off its resistance at 1.2682 (100% Fibonacci extension , 23.6% Fibonacci retracement , horizontal overlap resistance) where it is could potentially drop further to its support at 1.2561 (61.8% Fibonacci retracement ). Stochastic (55, 5, 3) reversed off its resistance at 90% where a corresponding drop may occur.

USDCHF is approaching its resistance at 0.9956 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing high resistance) where it could potentially to reverse down to its support at 0.9885 (100% Fibonacci extension, 78.6% Fibonacci retracement). Stochastic (89, 5, 3) is approaching its resistance at 92% where a corresponding reversal may occur.

The Congestion Opportunities Strategy has just bought NZDUSD at 0.67989. The system recommends entering this trade at any price between 0.67857 and 0.68121. The signal was issued because the 28-hour Relative Strength Index indicates that the NZDUSD may be oversold, while the Speculative Sentiment Index reading of 1.16372 indicates that trader sentiment is not at ...

The Breakout Opportunities system has just sold AUDUSD at 0.72118. The system recommends entering this trade at any price between 0.71988 and 0.72202. The signal was issued because the AUDUSD has broken its 24-hour low while our Speculative Sentiment Index was at 2.70744, suggesting that the AUDUSD may have further to fall. A stop loss has been set at the 24-hour ...

AUDNZD is approaching its resistance at 1.0590 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.0518 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 93% where a corresponding reversal may occur.

CADCHF is approaching its resistance at 0.7474 (61.8% & 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.7416 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal may occur.

USDJPY is approaching our first resistance at 113.7 (horizontal swing high resistance, 100% fibonacci extension, 78.6% fibonacci retracement) where a strong drop might occur pushing price down to our major support at 112.5 (61.8% fibonacci extension, 78.6% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a corresonding ...

The Breakout Opportunities system has just sold AUDJPY at 81.771. The system recommends entering this trade at any price between 81.604 and 81.873. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.792, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high ...

My overview on EUR/USD. It is very important to see it.

EURCAD is approaching our first support at 1.5136 (horizontal swing low resistance, 61.8% fibonacci extension, 78.6% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.5222 (61.8% fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is also approaching support and we might ...

AUDUSD is approaching our first support at 0.7163 (horizontal overlap support, 61.8% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7217 (23.6% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in ...

Hey! Since February 2018, the overall trend is down and there has been pretty negative news around ECB. So, the trend is your friend and we have to search for sell opportunities and currently looks like we may get this opportunity pretty soon. It occurs after the candle close below the round number 1.3000, criteria: - Break below the triangle - Break below the ...

AUDCAD Sell Setup. Details are on the chart. Patiently waiting for a proper breakout of the support zone. P, D, P.

hey traders, on the pound dollar the market is approaching a broken structure. Testing 1.267 level multiply types we see a clear bullish exhaustion with rsi divergence. Now I am looking for a bearish violation of 1.261 to sell the market. The initial target is the market lower low. Stop above 1.27 good luck! Want more ...

Spotted potential inverse hed and shoulder pattern which should stand for a corrective pattern after the bearish cycle on GBPNZD completed. This pattern show case opportunities for both long and short. Possible Entry and exit targets are clearly stated on the chart. BLUE: POSSIBLE ENTRY ZONE RED: Possible Support LEVEL GREEN: SELL TARGETS Join our discussion ...

hey traders, on pound yen we have a nice double top to trade. the support is recently violated so the selling order can be opened. Targets are based on structure. You can also add a third target for further continuation. good luck!

This is an update to my bigger picture short Idea: When I posted the above Idea, wave 4 correction was just starting. As wave 4's often do, it consolidated and then formed a bear flag. Today some bad econ news out of China started the final leg down. The ...