On H4 chart of GBP/JPY we have a very clear situation. Price falls in a descending channel, and subsequent corrections end in the region of the previous low. This makes the chart very technical. Currently such a clear state can be spoiled by parliamentary election in United Kingdom, which may distort such legible quotes. As for the price action itself – we are...
On Friday afternoon supply double tested support at 1.0390. It seemed that breaking this level was only a matter of time and actual supply target at 1.0330 would be reached very quickly. On Monday we woke up in completely different moods and morning test of support at 1.0390 ended with a dynamic reflection. On H4 chart demand broke with a single candle resistance...
On Friday afternoon supply double tested support at 1.0390. It seemed that breaking this level was only a matter of time and actual supply target at 1.0330 would be reached very quickly. On Monday we woke up in completely different moods and morning test of support at 1.0390 ended with a dynamic reflection. On H4 chart demand broke with a single candle resistance...
NZDUSD has been moving south from the beginning of the week, resulting in a daily bearish pin-bar that could drag market down. Looking on H1 chart, we can see slow growth since midnight. The appreciation may turn out to be only a short-term correction, and in near future we expect to be able to test local resistance zone coinciding with a 38.2% Fibonacci...
Bears on AUDNZD took wind into the sails. Strong declines began on May 22nd and since then price has fallen from 1.0750 to 1.0425. During this period following support levels were broken: 1.0570, 1.0500, 1.0440. The nearest support towards which currently price is heading is 1.0390. This level can provide a temporary correction, but main target for bears is below....
Bears on AUDNZD took wind into the sails. Strong declines began on May 22nd and since then price has fallen from 1.0750 to 1.0425. During this period following support levels were broken: 1.0570, 1.0500, 1.0440. The nearest support towards which currently price is heading is 1.0390. This level can provide a temporary correction, but main target for bears is...
NZDUSD has been moving south from the beginning of the week, resulting in a daily bearish pin-bar that could drag market down. Looking on H1 chart, we can see slow growth since midnight. The appreciation may turn out to be only a short-term correction, and in near future we expect to be able to test local resistance zone coinciding with a 38.2% Fibonacci...
Last Friday I pointed out that there is high probability of decrease of silverprice to 17.40. I showed ABCD pattern before it was even tested: “D point which should cause rebound is located at 17.40. The price was very close to that level today but silver didn’t test it yet”. Decrease inside ABCD is happening ABCD pattern on 17.40 made AB=CD and in D point...
Last Friday I pointed out that there is high probability of decrease of silver price to 17.40. I showed ABCD pattern before it was even tested: “D point which should cause rebound is located at 17.40. The price was very close to that level today but silver didn’t test it yet”. Decrease inside ABCD is happening ABCD pattern on 17.40 made AB=CD and in D point...
USD/JPY – on H4 chart price is reflecting from local support based on the 18th May low. It seems that this is a place where pair will return to recent declines. In this context, you might consider long position.
As a result of overnight falls AUDUSD broke bottom of local consolidation. It is also worth noting that already earlier the market hit the bottom of the growth channel, which could change the general attitude of the market. Therefore, in near future we expect declines to continue. However, scenario of an earlier re-test and rejection of today’s support (now...
GBPJPY is trapped in a consolidation between support area of 136.00 and resistance near 148.25. In second half of April there was a dynamic rebound from mentioned support, where the quotes without any correction followed to resistance at 148.25 There appeared a bearish response resulting in a correction. This week’s correctional movement abolished 50 percent of...
USD/JPY – on H4 chart price is reflecting from local support based on the 18th May low. It seems that this is a place where pair will return to recent declines. In this context, you might consider long position.
As a result of overnight falls AUDUSD broke bottom of local consolidation. It is also worth noting that already earlier the market hit the bottom of the growth channel, which could change the general attitude of the market. Therefore, in near future we expect declines to continue. However, scenario of an earlier re-test and rejection of today’s support (now...
GBPJPY is trapped in a consolidation between support area of 136.00 and resistance near 148.25. In second half of April there was a dynamic rebound from mentioned support, where the quotes without any correction followed to resistance at 148.25 There appeared a bearish response resulting in a correction. This week’s correctional movement abolished 50 percent of...
H4 chart shows that pair is in consolidation within broader upward trend. There is currently an attempt to initiate a rebound from support. It seems that in nearest future price may grow towards last two highs. You can consider long position.
H4 chart indicates a bearish trend. Currently there is a rebound from local resistance which is on level of previous high. If trend does not change, then price should go towards last low. In this context you can consider short position.
As a result of long-term gains NZDUSD yesterday crossed another resistance. This time it was 0.7082, which we tested today from the top (as support). In its neighbourhood there was a bullish response. If this support is permanently rejected, we could expect continuation of growth in near future. So in short term, you should consider long position on this symbol.