MarcuDan

MarcuDan

Expecting a big impulse up for the next 6-12 months. Fundamentals are shifting in Euro favor and i think the chart shows it very well.

MarcuDan

Expecting Euro to be in full control in the second half of 2017 and 2018. I think the move up is the wave C of the monthly trend correction. There is a big chance this C wave is going to extend and form the first wave of the new long term uptrend. Buying the dips seems very tempting.

MarcuDan

Major lines of support holding USD Index from going down. I think the price starts to reverse to the upside. If you look on the left you can see the same pattern formed before price went up. Decision is based on the analysis the currency pairs included in the DXY (euro, aud, nzd, gbp) which appear to turn in the direction of the stronger dollar. Expecting to...

MarcuDan

Looking for the price to break the flag to the upside (on H4 TF) and head towards 4.00 Longer term target is at the top of the Weekly channel at about 5.000. We should get there, but with a bigger correction expected when we get to 4.00 price level.

MarcuDan

Expecting the pair to make one more corrective move and than continue the bigger move up towards 147-148.

MarcuDan

Pair is correcting on the Daily TF. On H4 we have a corrective structure that stopped at 61.8 Fib level and strong 38.2 Daily Fib. We didnt break the descending trend line. Expecting the price to head towards 3.50 price area and then maybe continue the bigger move up.

MarcuDan

For the past 6 months the pair has been correcting on the Weekly/Monthly chart. So far it made a 3 wave correction, and i am expecting an impulse up to the 0.236 Fib. Will see how the price reacts there, but there are 2 scenarios: a. we break the corrective structure and go up, or b. we will have another move down for a 5 wave correction. Either way, its very...

MarcuDan Updated 

Dollar correction has a big chance to continue. Expecting this to be a 3 wave correction with the end around .50 or 0.618 daily Fib levels. Will be looking for shorts if the price breaks the red TL to the downside.

MarcuDan

We broke the Daily descending trend line and are forming a corrective structure. Seems like we will be going up big time. Oil increasing pricing should support the idea.

MarcuDan

Consolidations all over the plane showing that a continuation of the move down is very probable. Targeting the low at around 1.40

MarcuDan

Looks like the 2 months correction on AUD/CAD is about to be done. Will be looking for short positions at the break of the flag (high risk trade) and/or will sell on the break of 1.01 level (less risky). Long term target 0.9650. If the price bounces from the yellow trendline, we might have a short term buy, but i wont be trading the pair on the long side.

MarcuDan

Price is consolidating in a big triangle/wedge pattern. There is a big chance we will have another move up to test the upper trendline and maybe to break it. Strong divergence suggests that. Will be looking for longs at the break of red trendline.

MarcuDan

We have a triangle pattern on the H4 chart. Price was rejected from the upper trendline of the triangle and it looks like we are heading to its bottom. Price is consolidating now if form of a wedge. Will be looking for sell at the break of this wedge/flag.

MarcuDan

Cad/Jpy very probable to continue its down move. Selling at the break of the trendline looks like a good idea. Expected target around 85.00

MarcuDan

Pair is reaching some very important levels for the short and medium term. I am waiting for the price to get stuck somewhere around 1.0850-1.0930 and i will be looking from there. Very short term it makes sense to buy at current levels.

MarcuDan

Price broke out of the corrective structure and looks like its consolidating at the bottom of the new price range. Will be looking for buys if price breaks out of the consolidation.

MarcuDan

Expecting the USD correction to be over soon, and will be looking to long this pair.

MarcuDan

Oil has been in a downtrend for the last 2 years and it looks like it has bottomed out. I see a reversal in form of a Head&Shoulders pattern. In expect the price to break the neckline in upcoming weeks. Will be looking for longs after the break and the test of the broken neckline. The target price is at about 70$ Setup will be invalidated in the case price...