Price is flirting with <1.3 and looks like it could head down to 1.29 or perhaps beyond depending how it reacts supportive trend (red).
BTCUSD looks to be trapped in a long-term wedge.
Price returning to H&S neckline, look to short confirmation.
Wave II in the works... unless Turkish Bank shuts it down.
EURUSD has just broken the neckline on the H&S pattern, likely to continue into previous trend.
GBPUSD looks primed to drop, articulated by an almost perfect, mid-channel, H&S pattern.
EURUSD -0.21% is slipping to the downside - breaking free from the 1.16500 S/R level. Further consolidation to be expected in this pair in the near future. Likely minor retraction off of the 1.15085 level.
Solid short opportunity lining up for USDCAD 0.04%
L-Crude seen here breaking support, retesting, and continuing lower once again - very straightforward analysis.
Technically this setup looks great; echo-phone pattern has been respected on the resistance side, moreover the bearish H&S has just been broken out of. All that is left to see, is if there will be a retest, and how that neckline will stand up to it. Regarding fundamentals, this trade plays on recent moves in commodity prices and is a good hedge outside of the...
CXY, is having trouble continuing upward in it's channel due to the micro-trend (white) visible here. micro-trends are weaker than major-trends, however, they do affect price-action as we can see, sometimes taking control from the major-trend for extended periods of time.
E-Wave asserting its presence here as we move beyond corrective wave C and enter continuation wave 2. Look to S/R (blue) for trend confirmation. Look to commodities for more insight.
Price hit a wall trying to break up and over long-withstanding channel resistance, and is currently in consolidation after a strong downward move. Furthermore, as per my analysis, DXY is showing signs of weakness () as are USD fundamentals. Expect an aggressive bullish presence in USD.
DXY theory - Probability dependant on the reaction to the lattermost dojI Candle.
Price had wondered outside its bullish trend, and has consolidated into a cone. Candlesticks are showing unwillingness to continue upwards, thus price will most likely break down, perhaps to see 1.52500... or further.
Presently looking like there is a high likelihood DAX will complete the H&S pattern shown to the downside, before potentially reversing back up to complete the longer term reverse-H&S to the upside.
PRICE FAILED TO BREAK OVER LONG TERM BEARISH TREND. FURTHERMORE, PRICE BROKE UNDER BULLISH TREND; LOOK TO SHORT ON BREAK UNDER 1.17415, OR FAILURE TO BREAK OVER 1.17435 SL 1: 1.17450 (1.17415) SL 2: 1.17400 (1.17385) TP: 1.17350
Wedge has been broken, H&S seemed to call for the reversal of trend, however, this looks to be nothing but a retest before downwards continuation.