- Pullback Momentum identified on weekly TF. - Possible bullish price movement towards the next resistance 12000 within the next period.
- Important area for breakout or reversal? - Reversal momentum identified and triple bottom. - Possible bullish price movement towards the next resistance 26600. - Buy Stop Suggested at 25800. Regards, GoldfXcc Team
- GBPJPY experienced 5 consecutive bearish candles. Possible bullish price movement to follow. - Possible bullish price movement towards the next resistance 139.800 within the next period.
- Bullish structure identified. - Possible bullish price movement towards the next resistance 11700 within the next period.
- Rejection of 55 monthly and weekly EMA maintained long term bearishness in AUDUSD market. - That is, downtrend from 1.1079 (2011 high) and currently still in progress. Next downside target is 61.8% fib level at 0.63300.
- Possible bearish price movement towards the support 73.400 and 72.600 within the next period. Regards, GoldfXcc Team
- Bullish structure identified. - Possible bullish price movement towards the next resistance 0.67600 and 0.8900 within the next period.
- Possible bearish price movement towards the support 25400 and 25300 within the next period. Regards, GoldfXcc Team
- This pair bounced back from 1.0777 to 1.1053 last week. Such rise is seen as correcting the fall from 1.1239 to 1.0777. Important: - 61.8% fib retracement of 1.1239 to 1.0777 at 1.1063 expected strong resistance to limit the upside movement. On the downside, a break of 1.0931 will turn bias to the downside for retesting 1.0777 low. However, sustained break of...
- Bullish structure identified. - Possible bullish price movement towards the next resistance 0.33 - 0.40 and 0.50 within the next period.
- GBPNZD has formed a false breakout of the recent daily swing highs and suggesting lower movement to continue. - The GBPNZD closed bearish on the day with NZDUSD closing bullish we could see this cross pair move lower. Regards, GoldfXcc Team
- Bullish structure identified. - Possible bullish price movement towards the next resistance 1.64880 and 1.65000 within the next period.
- Quasimodo resistance has been identified on USDCAD H4 TF. - This pattern is still in the process of forming and possible bearish movement towards the next support 1.32600 and 1.32400 within the next days. - Supported by Upward sloping Moving Average. Regards, GoldfXcc Team
- Important area for breakout or reversal? - Reversal momentum identified and triple bottom. - Possible bullish price movement towards the next resistance 28400. Regards, GoldfXcc Team
- Bullish structure identified. - Possible bullish price movement towards the next resistance 1.29930 and 1.30400 within the next period.
- EURUSD edged to 1.0777 last week and then made a small recovery. Initial bias is neutral this week for some consolidations. Upside should be limited by 38.2% retracement of 1.1093. On the downside, break of 1.0777 will resume larger down trend.
- Elliott Wave provides the highest probability of the price movement and Fibonacci levels is the math basis for the Elliott Wave Theory. Both waves impulsive and corrective, follow to specific Fibonacci proportions. - We had clearly some examples of impulse and correction of Elliott Wave . - Currently we could experience another push up or impulse by reaching...