ITraderAnalysis

ITraderAnalysis

EurUsd had break below the rising trendline (black), shown with a strong bearish candle and fall below the monthly SnR: 1.13500 and moving average is as well crossing over at the same time. This given me a good confluence & indication of price turn to the downside & a sign of short selling. Further details can be gain from lower timeframe of H4 & H1. with...

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Time for Kiwi Dollar major trend continuation?

ITraderAnalysis

FX:EURUSD Price seem rejected from the ascending channel resistance and initial support would be the Monthly RES @ 1.1350 with a 61.8% Fib Level , it gives an extra confidence for the uptrend bias. Meanwhile price also maintained above a rising TL (black color) & price will be having the 3rd touch on it with either a break/bounce we're ready for action....

ITraderAnalysis Updated 

- Price closed just below the Monthly Res: 127.00 & 50% Fib - Spinning Top PA setup @ Monthly Res & 50% Fib. - Current candle very near to descending inner trendline. Potential Flip Zone. Waiting for signal to short

ITraderAnalysis

Looking to sell GU once price break & close below the rising TL. Current confluence factor: - Monthly Res at 1.4500 (price is below) - Ascending Triangle Structure (waiting for breakout) - Multiple rejection by Fib Level 61.8% - MA's crossover, Bearish Bias

ITraderAnalysis

Gold Weekly Analysis February 15, 2016 Weekly Chart: Price is likely still in a bearish trend for the overall big picture, with recent weaken of US Dollar, the gold price manage to rally and break the inner trendline. However upon reaching the weekly resistance, as well as the Outer trendline, price hold, now we have 2 significant confluence which will be a...

ITraderAnalysis

Current price at confluence up-trendline. A tweezers bottom formation formed. Fibonacci 61.8% on the watch. 50 :50 bias, critical point of next move for US Dollar index

ITraderAnalysis

Price is now on the rising TrendLine; will be watching for a bounce or breakout to lower price. This could possibly a significant indication factor to decide the dollar movement in 2016. Let's see...

ITraderAnalysis Updated 

Found a good setup on 4-hourly chart with multiple confluence. Fibonacci Level 61.8%(the golden ratio) is great to use with a solid Price Action setup. I will be looking to short here with protective stop just above the 76.4% and target zone will be position around -61.8% (which is somewhere around 0.65500) Happy Trading & Enjoy the Good Weekend.

ITraderAnalysis Updated 

Technical Updates *EURUSD - On daily chart, I have an overall neutral view on this pair until price reaches confluence TL(blue). Market now have its price moving back into the consolidation zone (Zone between monthly resistance & weekly support); I aspect price would rotate in the consolidation & will only give trending direction after major breakout. - On the...

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Price reach at confluences support zone(2times tested on the support), bullish engulfing + Morning Star appear; then a strong bullish candle in H4 & break through Down TL.

ITraderAnalysis Updated 

Price reach at confluences support zone(2times tested on the support), bullish engulfing + Morning Star appear; then a strong bullish candle in H4 & break through Down TL.

ITraderAnalysis Updated 

Price been hold by monthly support at 1.5165 area and have a range bounce of approx 100pips at that zone for a few weeks and reversal from support area occur. Price rally until 1.53800, with several rejection price again fall back to minor support + Fib retracement of 61.8% and a tweezer bottom (H4) appear around 1.52200. Thus I expect another leg up towards...

ITraderAnalysis Updated 

Spotted a (A-B-C-D) wave structure, current price just formed a higher low with a shooting star formation (Hold by 61.8% Fib Ret) indicate reversal to the upside confirmed with next candle of bullish high close candle. Expect to see price rise back to the monthly resistance zone around 1.14000.

ITraderAnalysis Updated 

Price break & closed above daily resistance zone with strong momentum. Price then pullback retest on the support (previous resistance now turn into support again). PinBar appear with a confirmation bull candle indicate more bullish bias. With potential target @ 1.3170

ITraderAnalysis Updated 

EUR/GBP - potential short. Market price range bound in a huge range (0.73800 - 0.70000) the nearest inner up-trendline was broken as seen in Daily Chart. As technical view point price is potentially fall towards the outer TL with Price Action Setup (Spinning Top) formed at the Inner TL & a strong bearish confirmation after that. whilst in the Hourly chart we can...

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Rejection from broken support TL (now resistance) 50% Fib Level rejection Trend Continuation

ITraderAnalysis Updated 

Bullish bias as weekly show morning star setup indicating trend continuation. Price respected the Inner TL Potential upside target @ 1.34000