this is an update from the last USDCHF analysis. we have reached a zone with resistance (0.9850 - 0.9830) where the price is a bit choppy. with the worse than expected numbers, we could see some downside movement from tonight.
we see a perfect 5 wave pattern that is completed. it started at the wave 2 rejection on the .50 level of the fib. level for has the support of the -0.27 extension level of the Fibonacci. we are at a zone where we can develop an ABC pattern to make a natural correction. with the FOMC on the mind, we are open for some wicks and more downside movement.
we see a perfect 5 wave pattern that is completed. it started at the wave 2 rejection on the .50 level of the fib. level for has the support of the -0.27 extension level of the Fibonacci. we are at a zone where we can develop an ABC pattern to make a natural correction. with the FOMC on the mind, we are open for some wicks and more downside movement.
price if silver is stuck between 18.5 and 16.5. the sellers push it up from 16.5 till 18.5. the buyers push it down from 18.5 to 16.5. it is an interesting sideways movement where we can expect a bullish/bearish breakout. personally I am expecting some fake moves to trap the early sellers. but knowing the uncertainty in the world, the price can make a push above...
eurchf testing the double bottom and making some good horizontal movement before making a bullish outbreak. With eyes on the EXY, is the chance big that we can expect a bullish impulse for the EUR pairs. watching this pair closely for a good swing trade.
We noticed that the EURO was falling for the past two years. Now we see why. the major downtrend of the EURO is almost at the end. I expect personally some reversal signs at the end of this week and the upcoming two weeks. this will push the EURUSD and the EURJPY higher. The Eur will probably surge for the upcoming few months. this will push the DXY significantly...
GBPAUD has developed a nice rising wedge and will probably finish it with a spike above the wedge and then fall back.
we have reached a level where see some small rejections at the CHFJPY. due to the corona-virus, there is a big pressure on the jpy. the retail is more than 76% short on this pair. that is the main reason for the banks to buy this pair.
we see a completed WXY pattern which cleared the previous highs. expecting some downside movement.
price is now making some small corrections at the 119.10 - 118.80 level. After the Asia session, we can expect an upside move to the 120.000 level. This development can also the start of an impulsive Eliott wave 1 which can end at level 120.000.
gold rejected the 0.5 level of the Fibonacci and hit the first -0.27 extension level. it will have now have some natural retracement and can tap the $1577 level again. The main bias for gold is long.
since February of 2018, we see a bullish movement of the dollar currency index. we are approaching the level 99.40-99.50 level which has a history of support and resistance. the bullish move of dxy turned the EURUSD to the new lows. we are at the point where we can expect a reversal. short term bias: LONG Year bias: Short
Nov 2016 was the start of a bullish run. since then, the price is testing the lows and the ups of the horizontal movement. we tested the 107.800 range again, tapped it and now jumping to the next resistance: 114.000. in the upcoming days, we can expect some small retracements. the main bias for the usdjpy is LONG.
at the moment of writing, the BTC is at 10268 and started to show some exhaustion in the hourly candles. the 5 waves of the Eloitt are now completed and we are now coming in a zone where the correction will play out. it the end of the correction (C) is around the 9100$ level which is also a neckline. I expect that the new buyers are waiting there to make the next...
moment of writing, AJ is testing the 74.000 zone which is a neckline. from the previous lows, we see a rejection at the 618. I expect a little more accumulation before going to the next bullish breakout. we can expect this kind of movements in the next week. like you see, the extension levels are located inside the bullish uptrend. the numbers for the next week...
1.06 level of eurchf plays as important support after the fatal crash.it will probably consolidate for a while between 1.0575 - 1.0625. expect a downside wick to raise the liquidity
gold has shown a clear rejection at the .50 level with multiple wicks and is heading to the extension levels of the Fibonacci. 1595 on the spot gold is in the upcoming days achievable. especially when we add the fear for the coronavirus, we can expect the bullish move./
we see multiple wicks at the 1.9220 zones where the price is consolidated. the price is pushed today to the upside, making some serious bullish moves. I expect some retracements but the main bias is bullish till the 1.95 zone. We can see there a shoulder-head-shoulder formation waiting.