As long as the 50 EMA on the 8 hour chart continues to act as resistence, we can expect NOK/JPY to fall. It was not able to find support on top of it and thus, it may reverse back down after these few days of consolidation. A pending order could be placed right underneaght the lows, that is at 13.2, so that you may enter right when the break down happens.
EUR/USD is still short on the long term as it's still under important ema's as we can see on the 4 hour timeframe. We can expect it to fall further below and continue its bearish trend. It hasn't yet found a strong support for it to reverse back up. As long as the broken ema's (200 and 50) keep acting as resistence, this move is active. First TP: 1.1455 Second...
EUR/USD has broken down the 20 ema and 50 ema for the first time since the bullish trend on the 4h chart. Meaning that the trend is weakening and shifting of direction. We have a valid continuation pattern further below if the 50 ema on the 4h chart holds as resistence. As soon as the 1.16 level is broken, EUR/USD will continue its bearish trend. One could...
EUR/CAD has broken the 50 ema and found support on top of it. We can expect the move to continue up higher as long as the 50 EMA holds as support. First TP: 1.5295 Second TP: 1.5345 Third TP: 1.5395
We can see EUR/SEK drop till 10.55 as it's Friday and some long positions are being closed. Furthermore, as the currency makes lower lows, it will drive the fear of the bulls and they will close their positions to secure their profits, making EUR/SEK fall. If you do trade this pair, do not risk more than 1% as it's very high risk. Also, take into consideration...
USD/JPY has broken all of its ema's on the 4 hour chart and is finding support on top of them. We can expect the first TP for this continuation pattern to be at 111.95. On the long term, if USD/JPY holds strong, we can expect it to hit back the 113 level.
EUR/PLN has broken over the 200 ema on the 1 hour chart. If it finds supoprt on top of it and it doesn't break it back down, we can expect it to push higher up. The spread is about 15 pips for this pair, so make sure you calculate your lot size with your spread put into consideration.
A beautiful opportunity has presented itself with XAUUSD. It has broken the 50 ema on the 1 hour chart and as it keeps losing support, we can expect it to drop further to anywhere near 1190. *The move is canceled if the 50 ema on the 1 hour chart doesn't hold as resistence. This is a day trading move. Risk 1-2% max. Trade safe!
A reversal from NZD/CAD is expected as it's finding support on top of ema's that acted as resitance up to now. We can expect it to move back up and hit the 200 ema area *if the 20 ema on the 12 hour holds as support*. Give it 8 more hours to confirm its strength to reverse.
USOil has broken it's 200 ema on the 4 hour chart and prices jumped up. If it does find support at current levels, we can expect USOil to rise even further anywhere till 73-74.
BTC/USD has broke above the 50 EMA on the 8 hour chart and is currently finding support on top of it. The contiuation pattern further down has thus been canceled. We can see BTC/USD jump high next if the current supports hold strong. Let's see how this plays out! Remember, as always, unproper risk management increases your chances of failure no matter how good...
More shorting is coming up for BTC/USD as the current price area does not seem to be a strong enough support area for it to reverse back up. We can expect it to go down until 5600 for now. As always, risk manage properly and always trade rationally. Happy trading!
NZD/USD broke the 50 ema and is en route to breaking the 200 ema. Move is confirmed if current broken ema's keep acting up as resistence and 200 ema gets broken on the 30 min chart.
Next move further down to last low as the pair is still looking for a strong support zone. Potential to occur at present time: 75-80%
USD/TRY still hasn't found a strong support and thus, a move down further below is possible.
EUR/AUD has broken down the 200 EMA and is currently in a bearish trend. An opportunity has presented itself to enter the bearish trend. As the price breaks the current support (1.56 area) it may continue down for the rest of the month until it finds a strong support. The long term bearish move is cancelled if the pair finds the strength to break the 1.57...
EUR/SGD is currently in a short term consolidation zone. This is a continuation pattern. As EUR/SGD breaks its current support, it will continue its bearish trend. However, if it fails to break its support and shows strength to retaliate, the move is cancelled until further confirmation.
EUR/AUD has been in a consolidation area for about a week and seems to have taken the impact from the last uptrend. As we can tell from our indicators, this pair does not seem to have the steam left to go further high. Thus, we can open a short position for the reversal of this pair back to 1.54. Our Stop Loss needs to be higher than the last highs. Recommended...