alarm-clock-plusalarm-clockbasebug-reportcalendarchat-searchchatconfigdatawindowhelphotlistsleftmessagesminusnotesnotificationsplus-bolderplusredorestoreright-stoprightsnapshotstocktwitstrading-connect twitterundolinksettings-gear
23 minutes ago
NZDUSD, 240 Short
0 30
Well the levels are plotted out on the chart, and this pair is a short until it breaks above 0.7700 for me. Others might argue the contrary but until the trend is broken then I trade in the direction of the trend. The levels I'm looking for any signals to enter short are the Weekly S/R (0.7550), and if that level is invalidated then I will look to the next level which is the Daily 100 MA resistance & if you look left its also the previous resistance for the double top formed. And if that level is invalidated then I will move on to look for short signals at the last line of resistance which is the previous weeks high pivot at 0.7700 (And also confluent with the .786 Fibonacci Retracement plotted from the previous high at 0.7856 to the low at 0.7165). Good luck to all, and happy trading.

Do note that we do have Non-Farm Payrolls tomorrow so just keep that in mind. I will keep you updated if price action gives me a signal to enter short. Cheers =)
30 minutes ago
NZDJPY, 240 Long
0 19
NZD/JPY has taken trend line support 88.60 (Trend line joining 84.05 and 87.01) and recovered from that level. Intraday trend is bullish as long as support 88.60 holds.

On the upside minor resistance is around 89.73 (200 day 4HEMA) and any break above will take the pair to next target 90.04/90.80.

Indicators (4 Hour chart)

CCI (50) - Sell

CCI (14) - Sell

CCI (14)-Sell

Recommendation: Buy NZD/JPY around 89, SL 88.60, Targets 90.05.

30 minutes ago
SB1!, W Long
0 6
Weekly:
- It is still a heavy bearish trend, but haDelta/SMA3 signals a possible slow down in the bearish momentum. not yet a signal for a pull back.

Daily:
- Yesterday we had the first green Heikin Ashi candle after 30 trading days! The candle still had upper and lower wicks, so we need one more green candle at least to say a correction may finally starts. Price should also cross above Tenkan Sen (12,42) to enter into correction, with a possible target to 13,15-13,50 area.
42 minutes ago
USOIL, W Long
0 38
Weekly:
- Consolidation. Heikin Ashi signals possible further bullish move

Daily:
- Yesterday Kijun Sen acted well as support/resistance and blocked sellers. Price popped up. Heikin Ashi candles yesterday and today form a bullish reversal. Chikou Span is trying to cross above Price. The Kumo is thin now above Price, would be easier to make a bullish breakout this time.
- In case Price breaks above 51,50, it leaves the range (bull flag?) and the Kumo and would tgt 56-60.
1 hour ago
GBPJPY, 60 Long
0 59
GBP/JPY has formed triple bottom around 176.50 in one hour chart. This confirms intraday bullishness and jump till 178.50 cannot be ruled out.

On the downside 177 is acting as short term support and any break below will drag the pair further down till 176.45/175.75

The pair's short term resistance is around 177.60 and any indicative break above would extend gains till 178/178.50.

Indicators (1 Hour chart)

CCI (50) - Sell

CCI (14) - Buy

CCI (14)-Neutral

Recommendation: Buy GBP/JPY around 177 SL 176.45, Targets 178.45.

1 hour ago
EURAUD, 240 Short
0 76
We have loads of Fib confluence around 1.4270 coming up which might indicate we have a good reversal zone here.

Just to quickly sum it up
50% retracement of the last major move down
1.272 extension of the impulse leg of our butterfly pattern (XA-leg)
1.618 extension of the AB leg of the butterfly pattern
and finally a 1.272 extension of the last move up
last but not least there is some structure in place as well that the pair could not break through for a full 24 hrs

Good enough for me to consider this zone as a potential reversal zone for a (temporary) move down of this pair.
1 hour ago
USDJPY, 240 Long
0 61
RES 4: 122.01 (Mar 10th high)

RES 3: 121.18( Mar 20th high)

RES 2: 120.38 (Mar 31st high)

RES 1: 119.91 (200 day 4HMA)

PRICE: 119.52 @ 5:40 GMT
SUP 1: 119.40 (Apr 1st low)

SUP 2: 119.09 (61.8% retracement of 118.32 and 120.35)

SUP 3: 118.30 (Mar 26th low)

SUP 4: 116.85 ( Feb 3rd Low)

COMMENTARY:
USD/JPY retreated after making a high of 120.35. Overall trend is still neutral but short-term weakness can be seen only below 118.30 level.

US NFP data which is to be released on Friday will have major impact of USD/JPY further direction. Employment data is expected to add 247000 jobs compared to forecast of 295000.

On the upside minor resistance is around 120.38 and any break above would extend gains till 121.20/122.
It is good to buy around 119 for the target of 122 with stop around 118.30.




6 hours ago
EURUSD, 240 Short
0 244
Weekly timeframe perspective: The upward momentum from the weekly demand area at 1.0333-1.0502 seems to be crumbling, as active sellers appear to be entering the market just below a major weekly swap level coming in at 1.1096.

Daily timeframe perspective: From the daily timeframe, we can see that the sellers have so far managed to maintain a position below the daily swap level 1.0825. Assuming that they can dig in deep and defend this barrier, we may see a move south towards the daily demand area seen at 1.0461-1.0565, which, if you look back to the weekly chart, you’ll notice that this area was in actual fact a reaction to the larger weekly demand area mentioned above.

4hr timeframe perspective: On Wednesday, we saw price rally higher and collide with active sellers located just below 1.0800, which, as you can see, is currently holding the market lower.

In view of the higher-timeframe technical structure (see above in bold), the EUR/USD outlook remains relatively negative in our opinion. With this in mind, our team’s main focus for today will be looking for CONFIRMED sell trades around either 1.0800, or the small 4hr decision-point supply area seen just above it at 1.0844-1.0809. This area of 4hr supply is particularly significant to us, as it was here pro money likely made the decision to break below the aforementioned daily swap level. Should a short entry be seen at either of the aforementioned 4hr zones, we have two targets in mind. The first comes in at 1.0700, the second, at a relatively fresh-looking 4hr demand area seen at 1.0612-1.0658.

These two 4hr hurdles are, as far as we can see, all that’s stopping price from reaching the daily demand area mentioned above at 1.0461-1.0565 (see the daily timeframe analysis above).

Current buy/sell orders:

• Buy orders: Flat (Predicative stop-loss orders seen at: N/A).

• Sell orders: 1.0800 [Tentative – confirmation required] (Predicative stop-loss orders seen at: dependent on where one confirms this level) 1.0844-1.0809 [Tentative – confirmation required] (Predicative stop-loss orders seen at: 1.0851).

7 hours ago
INTC, W Neutral
2 178
The next potential key long term and MAJOR support area to watch for Intel. watch for a reversal or a breakout.
Note: A breakout below that support could signal a major trend reversal.

Regards;
Technician
www.thefxchannel.com visit.. vote..subscribe
9 hours ago
BTCUSD, D Short
0 272
Original Trade https://www.tradingview.com/v/z6fgCq6V

Trade Update:
Following the trade setup i suggested in my earlier post , the price triggered entry by false breaking the main falling trend line. However, failed to sustain the breakout to settle back below it, establishing a new structure of lower highs and lower lows. And that maintains the overall bearish bias i have. Now, I would suggest adjusting stop loss on this trade as shown on chart above 320.00, and partial profit should be taken at 209.00 support level, with a full target at 152.00 major low.

You can view my long term forecast published 12-monts ago. here https://www.tradingview.com/v/97hCiiAX/

Join me, www.thefxchannel.com visit.. vote..subscribe
Regards,
Technician
9 hours ago
USDCAD, D Neutral
1 430
Rectangle pattern is obviously a sideways consolidion or range pattern. The price tend to find demand near the rectangle bottom and oppositely, it finds supply at the rectangle top. Shorting rallies towards the top and buying dips towards the bottom is the favored strategy to deal with rectangles, until PROVEN wrong through a breakout and daily closing.

The best indicators to use with rectangles are oscillators that provide overbought and oversold indications.

Join me, www.thefxchannel.com visit.. vote..subscribe
Regards,
Technician
9 hours ago
SPX500, D Neutral
0 309
The key support area to watch for the SPX over the near term.. watch for a reversal or a breakout.

www.thefxchannel.com visit.. vote..subscribe
9 hours ago
AUDCAD, D Neutral
1 313
The next potential key support area to watch for the AUDCAD over the near term.. watch for a reversal or a breakout.
Note: could be a good area to scalp longs..

www.thefxchannel.com visit.. vote..subscribe
10 hours ago
EURAUD, D Short
0 46
Multiple Fibonacci retracement alignments in an overbought position and the end of a harmonic move, with a strong 50 sma for protection put stop loss just above. Looking for a bearish move once volume enters the market, or as 50% SMA moves further down.
10 hours ago
AMKR, D Long
0 10
Daily Chart
First pullback to the 50 and 200 sma. and price holding within the fib zone. Stoch and Osc looking ok.

Will enter if price can consolidate some more below the regression trendline and the falling 20ma, before breaking out.

As always looking at hourly chart for entry.
10 hours ago
FEYE, D Long
0 41
Daily Chart
Price has returned to a gap over a resistance that hopefully will serve as support. FEYE is also in a Fib zone, with both Stoch and Osc oversold. Could be making a flag pattern.

Hourly Chart
Hour chart shows clearly that the flag pattern is an orderly move down in a down channel. And could be making a double bottom, with the Osc showing divergence.

I will be going long once price breaks above the regression trendline on the hourly chart. Will scale out some at around $40-$42 with major price target around $45.
10 hours ago
FEYE, 60 Long
0 17
Daily Chart
Price has returned to a gap over a resistance that hopefully will serve as support. FEYE is also in a Fib zone, with both Stoch and Osc oversold. Could be making a flag pattern.

Hourly Chart
Hour chart shows clearly that the flag pattern is an orderly move down in a down channel. And could be making a double bottom, with the Osc showing divergence.

I will be going long once price breaks above the regression trendline on the hourly chart. Will scale out some at around $40-$42 with major price target around $45.
11 hours ago
AUDNZD, 15 Short
1 27
Analysis on chart