I found this ABCD pattern on EURAUD. The target is 1.4284.
I found this very interesting situation on EURJPY. There is a small ABCD at 138.300, from there it should rise to 139.200. Good Luck!
I found this ABCD pattern on GBPUSD. The target is 1.59330.
There is a small Gartley Pattern on EURUSD 15M The target is 1.27520. It is a short term trade.
The US dollar is too strong even for the Australian Dollar. This pair is swap positive, so holding short position for too long is not a good idea.
Is it finally over for the gold? In the last few years, gold was a massive opportunity, mainly due to the financial crisis. A lot of investors tought that QE would lead to hyperinflation and make money worthless... So large amount of money have been poured in gold.. Is it the party over? The FED is anticipated to rise interest rate next year. I think that it...
Well, the situation on GBPUSD is tricky but to me the trend still look pretty bearish in any case. I have got no idea on what will happen after the Scottish independence referendum but in any case it should go down.
The Japanese Yen is done for.... The Massive QE program started by the BOJ (aka Abenomics) is doing well! The Japanese Economy is in a dire situation, aging population, competition from other Asian country (aka South Korea) and massive public debt... Is this the trade of the century?
USDZAR is reaching all time high, we are not too far away from historical highs. This make me believe that we are at the end of the road and a strong inversion would take place. USDZAR pays positive swap, make it a nice carry trade opportunity. This is a very long term trade, but if it works, well, it will be pretty massive opportunity!
EURAUD pays a positive swap rate.... It could become a very nice carry trade opportunity... My Target for EURAUD is 1.25789
I posted this very simple chart to show the strong downtrend of the EURUSD. The pair is going down pretty nicely and it can go even further down. The main reason for the downtrend seems to be the positive swap... Actually if you are shorting the EURUSD you get paid a small amount of money every day. If the federal Reserve rises interest rate in the near future...
There is a triple bottom on nzdcad. The pair is above a Monthly support and there is a strong possibility of further upside.
USDCAD is forming what looks like a double top. We are just below a monthly resistance. Possible bearish action in the near future.
AUDCHF is showing bearish signs, at the moment we are inside a pitchfork that could lead the currency down. But, there is also the possibility of a retest of last resistance, this could create a double top. Caution is advised!
There is a possible inverse head and shoulders formation on eurgbp. We are above a Monthly support.
On Monthly chart we have got a red candle using Heiken Ashi. MACD is bearish and we reached the top of the bollinger bands.
Possible triple top formation on USDCHF. We have just touched a Monthly Resistance. The momentum looks bearish. We could be heading towards the lower bollinger band.
There is a double Bottom on AUDUSD using 4H TF. There is also a small Elliott wave (using TradeView Indicator). We are on a Monthly Support (0.92740).