ARYK0

ARYK0

GBP/CHF could be in the third wave of an impulse wave, it also could be wave C of a correction wave which still can make for a lot of pips. It saw resistance on 7/13 from an extended support trendline that was hit on 11/16/16, 1/17/17, and 3/14/17 and has been downtrending since.It has a support level to break around 1.2260 which was right near the previous two...

ARYK0

AUD/JPY looks like its close to completing the 5th wave an then enter corrective mode. Watching for an overthrow or underthrow of the upper trendline for confirmation

ARYK0

Bearish divergence between RSI and price along with a potential RSI head and shoulders. Short entered with stop loss at 87.35

ARYK0

USD/JPY looks like its ready for a big move. The past major trends have come when MACD was hanging out around the 0 level (like it is now) and then started trending. RSI is in a similar formation and building up energy for an explosive move. All indicators along with price are wedging which makes me think a major move is coming soon. Confirmation will be either a...

ARYK0

Im bearish on the weekly EURUSD chart and using the daily to find a good entry. MACD is coming down from overbought levels which is good for our short but is at a trendline that has been consistent since 11/25/16 so it is best to wait. RSI bounced off a consistent trendline on 6/20, that line has been hit 4 times and come close to being hit 2 more times so a break...

ARYK0

EUR/USD has been trading in a channel since May of 2015. Its currently trading near previous highs of the channel and could see resistance here since it is a range environment. Signs of reversal are Stochastics coming down from the 85+ level for the first time since they broke that level in the week of 4/24 - 5/01. The %D line has started turning downwards since...

ARYK0

Price is at a resistance trendline that has been consistent on the hourly chart since the 14th. Ichimoku is also showing a strong downtrend. Stochastics are overbought. Hourly resistance levels -Weekly central pivot: .8764 -200 MA: .8766 -50 MA: .8760 Potential Short Confirmations -MACD bearish crossover -A close below the upper 1 standard deviation bollinger band

ARYK0

My understanding of elliott wave is very limited and this is not a prediction. From this post I am hoping to get comments from the community on how well this count is. My nomenclature also may be incorrect some comments on that would also be appreciated. The tech sector is currently in "minor" wave 4 of "intermediate" wave 5 based on my count and could see major...

ARYK0 Updated 

USDCHF is at a support trendline thats been consistent since May 2014. RSI is bouncing off of 31. MACD is positively converging and close to crossing over, a crossover could be potential confirmation. Stochastics are oversold and uptrending, were looking for a breakout above the oversold level. One concern is that weekly ADX uptrending on price actions downtrend...

ARYK0

With the pound falling and US non Farm Payrolls this week GBP/USD has the potential for a big move. A short squeeze is setting up and positive US news could be a catalyst for it to be released. RSI has been downtrending since March and price action has been going up that is a sign of weakness in the uptrend. In Lazy Bears Squeeze Momentum indicator two red bars...

ARYK0

GBP/CHF is in a range envrioment and I believe this downtrend is about to reverse into an uptrend however it could consolidate. It is at a trendline support level thats been valid since November of 2016. It was seeing resistance at a trendline from 9/05/16 - 4/14/17, on the 15th it broke out of this trendline and is now back at this level and could potentially see...

ARYK0

GBPCHF is near the perfect order of MA's and will be in perfect order when the 100-day crosses over the 200-day. It is seeing support at the 50-day MA right now. Its seeing support at a weekly S2 pivot level and has been seeing resistance at S1, this is the first level it needs to break. Entry if it closes above the lower first standard deviation band.

ARYK0

GJ Inverse H&S near completion. Confirmation would be a break of the 100 MA.

ARYK0

DXY is at a signficant daily support level and currently at 99.19. It is right at a 2/3 line calculated from the angle of the previous high and low. Its near the 200d MA (99.29). R1 is at 99.18 and it could see support there before firing off to R2. PPO which has accurately shown resistance levels on 4/21 and 5/03 at its MA, broke through its MA on 5/09 and is now...

ARYK0

AUDJPY is building energy for an explosive move as indicated by the red crosses in the SQZ Momentum indicator, same as John Carters TTM Squeeze. Ichimoku Cloud is showing a weak uptrend. The longterm wave C is below 0 so when this does have an explosive move I think it will be down. RSI shows momentum is still downtrending.

ARYK0

EURCAD is near previous tops and at overbought levels. RSI is coming down from overbought levels, PPO and MACD are both close to bearishly crossing over. Todays low went below the 8d EMA for the first time since 4/18 if it closes below the low I think that will be significant. If it holds below the 8 EMA along with confirmation from MACD, PPO, and SAR then I will...

ARYK0

Has a gap to fill down to 82.42. Price action from 4/23/17 - current has been forming a head and shoulders pattern that is currently at its second shoulder which is a good short entry if MACD and PPO have bearish crossovers to confirm. I will take profits at 82.15 which is the fib retracement number .782, however the depth of the head shows full retracement. Worth...

ARYK0

Potential double top short opportunity and with the dollar primed to rally I think this is a good short set up. Daily RSI is in the overbought level for the first time since mid 2015. Weekly RSI is at a previous high and could see resistance there. MACD and PPO are both negatively converging. A GDP report that could potentially reverse the trend is coming Friday...