Things dont look over yet for the bearish trend on EURCAD at the weekly time frame. Expect more bearish downwards movements the next weeks. And lower range has been broken and it has opened the way for at least a 400 pip fall. This ofcourse, is on the weekly time frame. so on the daily, 4h and 1h time frames there will be plenty of retracements up that you can...
On the daily time frame NZDCAD is showing a nice ascending channel. Previous candle touched the upper range and the current candle is trading outside of it,, making it a sweet buy setup. Stoch also just made its bullish cross over. Ive pointed out the next resistances areas which either be used as take profit targets or a target at which you move up your stop...
On the 4 hour time frame for EURGBP we can see a very nice Elliot Wave structure. Currently we are in the 4th wave of a bullish Elliot structure. Its most likely that this wave down will approach the lower range before bouncing back up into its final 5th wave. On Stoch we also have a nice bearish crossover and the ADX shows a bearish claw. Supporting a down move...
Time for a long term prediction on the weekly time frame. Since its the weekly time frame it can take 2 up to 5 months. Basicly what you can see is that the past months AudUsd has been trading in a very tight range after being 0.88+ for a while. So far this tight range has contained itself but the 1st cracks are appearing. The Stoch and ADX indicators are all...
On the daily time frame gold is starting to show some buying strength again after a long bearish trend. Currently there are 2 scenarios. Straight up from here or small movement up followed by a retracement towards the support area before a strong move up. Trading Advice: Risk: Start with a small buy position, add more at the support or when the upper range has...
On the daily time frame USDJPY is currently in its 3rd Elliot Wave. This wave is known to be the biggest wave and will break the high of wave 1. Its also facing a resistance now with another small resistance followed quickly. If this resistance breaks 118.30 is next!!! So still plenty of pips to make on USDJPY! :D :D Trading advice: Risk: Buy already with a...
The daily time frame shows that oil is heading to the lower orange trend line again. Stoch indicator is also supporting this indicator thats its a clear sell. Oil is also still setting lower highs and lower lows. However, oil has already completed the bearish 5 wave Elliot structure. This is usually followed by a by bullish wave structure and indeed we can see a...
Silver on the daily time frame is now at the lower range and looks ready for a bounce back up. As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend. How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1...
The chart got a bit to crowded with lines. So I decided to throw all info in text boxes this time. Also nice for educational purposes :) TP: 1.1129 SL: 1.1439
On the daily time frame the Dollar index has finally broken free from its bullish wedge. High probability that the upcoming week we shall see the dollar climb. On all dollar pairs there's also a nice setup in favor of the dollar.
EURCAD on the 4 hour time frame is shaping up for a very nice buy setup. The range is shaped like a bullish wedge and the Stoch indicator made a bullish cross over. When it breaks out of this wedge we will see a very very nice green wave up. tp: 1.4960 sl: 1.4690
USDJPY on the 4 hour time frame shows a very very beautiful buy setup. Not only has it strongly broken the resistance, if you apply the Elliot Wave Theory you see that after the big move from 109.20 to 111.77 it had a small wave done followed be some correction waves. Now the price is above the previous mentioned 111.77 it has completed the correction waves and...
On the daily time frame GBPCAD is forming an awesome bullish setup. It has diverged itself from the lower range by moving sideways and has now created a new lower range on which its trading now for a while. The Stoch indicator is showing buying pressure is increasing. The indicates that finally soon the price will go up again towards the upper range. TP: ...
On the daily time frame AUDUSD is currently at the top of its range The Stoch indicator is closing to make a bearish crossover and on the ADX the Green line is preparing to go down and the red line to go up. The only leads to 1 conclusion: Sell. TP: 0.7600 up to 0.7470 and more long term even 0,72 SL: 0.7745
Dollar Index is at a crucial point. We can see a nice bullish wedge. This mostly is a reversal sign for a strong wave up. However the Stoch indicator still shows enough selling pressure is left to push the price further down. ADX is a bit doubtfull about this, could hint at a reversal up. So keep a close eyes on the dollar index. If the upper range breaks we will...
Natural Gas or NG is forming a nice bullish setup on the daily time frame. We can see that the price has already broken the upper range and is now touched a resistance area. When looking at the Stoch indicator theres enough buying pressure left. This info combined with the forecast EL Nino and hot summer are strong bullish fundamentals for NG
EURUSD is currently on the 4 hour time frame testing a strong resistance. Its also showing that we are currently in the 5th Elliot Wave. When this wave is over a bearish reversal will start. A peak at the Dollar Index on the 4 hour and daily time frame shows us a beautiful bullish wedge. This information all combined gives enough ground for a bearish reversal on...
USDCAD is currently testing a support on the daily time frame. On the 4 hour its also testing a support level. On the daily its also close to the lower range. Trying a buy here with a target of 1.3280 can be very profitable