Razvan

Razvan

Before president Draghi, will have his speech in 1 hour, the technical view of EURUSD is very interesting. It is now in a very important resistance zone, and with some good news from the ECB, we could see a break over 1.2620, with the next target at 1.3. Otherwise if M. Draghi will disappoint it audience we might see the euro lower, back to 1.24. To emphasis the...

Razvan

Close to a 38.2 retracement on the daily chart, we have some bearish signals on the H4 chart. The price is retesting the channel line, and the RSI 24 made a negative divergence under the 70 level. A fall of the RSI under the trend line would trigger a drop in the price. First target 1.5583, and the second at 1.5455

Razvan

A close under 1.5080 might just send the pound even lower. The base of the top formation is quite strong. We have there a trend line and a very good support. The target of the double top is near the main trend line and at the next support zone.

Razvan

Quite hard to pick the best direction. A break outside the triangle might help more. Although i tend to go long with euro, i might be surprised. What do you think about this setup?

Razvan

The last down movement, from inside the triangle, seems to have a flag correction. In this case we might expect a further appreciation of the Japanese Yen, if the lower line will be broken. Still we must be attentive at an upside break through the 38.2 and 78.72 resistance zone, which may send the dollar back to the superior line of the triangle.

Razvan

If my count is correct, we should see the price for PM going to test the support at 81$, looking to find C point somewhere lower, near the trend line. The last drop in price was made on medium volume, today's session might give us some more info regarding the price action.

Razvan

The price patterns are coming one after another. The price is heading for the first target zone( formed from the target of the rising wedge and the smaller broadening wedge). If hit, it would trigger the H&S pattern, with the target just under 1.0000, near the bottoms from 0.99. Keeping in mind the that the RBA Governor said that the minim boom could get to its...

Razvan

I have posted this Harmonic pattern for some time, before entering in the PRZ. Now it seems like it was confirmed, as potential targets we could use 38.2, and 50% which is also a good support. Full target for this pattern should be A, but it is better to be safe :)..waiting for you opinion, do you think better news will come for Europe ?

Razvan

After the gold has hit the first target, i would go with a down move to test the trend line and the 2000 EMA. What do you think?

Razvan

The broadening formation, might gave us some clues regarding the next move. A break through the resistance zone should trigger an upward movement which could test the trend line near 61.8 Fibo retracement (1.2650).

Razvan

After a rebound from 2 trend lines layer, the price went back to test the downtrend line. The present symmetrical triangle should be the signal for the continuation. A breakout over the 50% would confirm target (51.37 - last support level).

Razvan

On the pennant lower line we can see a hammer. This could be the end of the retesting, and the next move could get euro to 1.25

Razvan

The rising wedge seems to have hit its top in a resistance zone. A break through the downside would confirm the pattern. A reasonable target for it would be the 50% Fibonacci retracement, at 129.00 (12900 on DJI index)

Razvan

The Euro was strongly bought today. The price got to an important supply zone, and also went overbought on the RSI 24. After 140 pips without any visible correction, we could expect one. A 38.8 Fibonacci retracement, would make way for new upward movement

Razvan

From the technical point of view, it should start a down movement. After a confirmed double top, we have a retest on the price pattern's base line (a flag formation, confirmed by a decrease in the volume). First target for the flag would be the local support area between 48.00 and 50.50. Full target for the double top would be the low of the last rising trend, at...

Razvan

The price for Gold is putting some pressure over the 200 EMA resistance. The ascending triangle may soon break the resistance (a majority of 14 of 26 bloomberg analyst believe that it will break this week). The target for the triangle would be the trend line (the upper line of the bigger descending triangle), and after that we can expect a rebound. There is a...

Razvan

The trend for this stock is a rising one. The higher highs and higher lows, but also the trend line from the RSI confirms it. At the present moment we can see an triangle consolidation near the trend line, on the chart. This pattern is created in the 4th wave of this impulse movement. An upside break over 58.74(accompanied by an upside break om the RSI 56), would...

Razvan

We can see on this chart a diamond top formation (second if we look on the impulse of the rising trend) right at the resistance line. This is also accompanied by the negative divergence on the RSI. Breaking the diamond, would mean a fall of the CHF to the 81.352 level. From here it would be interesting to watch the price action, a continuation of the fall would...