The U/J pair is setup nicely in a corner for a breakout, most likely to the top on talks of increasing US interest rates. A break above 122 leaves two targets to be desired at the 127% and 161% fib levels. While a break on the blue trend line sets it up for either a stop at 115, or completion of a bullish Cypher, ...
Getting close to overhead supply zone, there will be strong resistance at this point. If buyers can push through this bumpy range, then USD/JPY should shoot up after breaking the 103.2 mark.
Looking at the daily chart, there could be downward pressure based on indicators, a break on the pinkish trend line can see ...
I'd wait until the 93.5 mark before going short, just to be sure. It seems bullish on the short term, so that price level is bound to hit soon enough.
Watch out for triangle breakouts on the october trend lines. I do not think they will happen before the middle of January, but you can never be too sure. It will be ...
Aussie just tested a huge support trend line from back to 2008. It currently lies in between two sides of a triangle, a break on either side would be a continuation trigger point to that movement.
Stochastic shows oversold conditions, and CCI shows a bullish movement after a small retracement.
Price should follow the blue or green arrow at this point, ultimately ending up in the PRZ of a bearish Cypher.
Targets for that reversal should be between 38.2% and 50% Fibonacci levels.
The pair should rally again to continue the uptrend.
Looks like NZD/USD was much more hasty than expected, price broke a weekly resistance trend line to approach a stronger monthly resistance trend line.
The move also completes a bearish bat pattern at around .
The RSI(14) shows a bearish divergence as well making lower highs on price higher highs.
First target to ...
Getting close to the completion of a Dragon/Crab pattern here where market will retrace from the yellow squared zone.
Correction is estimated to fall on confluence of two Fibonacci levels and previous resistance.
Price should not cross the black upward sloping trendline assuming no major changes in market ...
This is a relatively minor chart to grab some pips in the 20-60 range.
Watch out for the triangle breakout, set entry orders above and below the triangle sides to catch the breakout.
Building on my previous chart, market sentiment for this pair is bearish, so a break downward is more likely.
Pair looks to have completed what seems to be an arbitrary harmonic pattern based on fibonacci ratios. If anything, it seems like a perfect Gartley if it weren't for the 50% retracement on XB instead of the usual 61.8%.
Nevertheless, this is also confirmed by the RSI(14), where previous historical data show that a ...
The English pound and Japanese yen has just completed a bearish butterfly pattern.
Target to take profit is the 38.2% level confluent with the uptrend support line.
STOP LOSS: 159.700
Reward:Risk = 4:1
Price is now lying in a critical area between resistance/support lines.
RSI is giving a strong signal to buy, as evidenced by previous levels, while also completing a bullish AB=CD pattern.
Price will either consolidate for a while hugging the touchline, before rallying up (PURPLE), or go bullish for the upper ...
Price broke through resistance line, and now lies in the pair's supply zone.
Price currently looks to ease off with a retracement to previous resistance line which is now support, before getting off a final rally to strong supply levels and a potential PRZ on the daily crab.
Pair is set to retrace back touching ...
AUD/USD looks bearish now as a bearish bat pattern just completed.
Targets to take profit are the four Fibonacci levels.
Scale your positions accordingly.
If I had to bet, the 61.8% (0.9130) level seems most likely.
First resistance line touched, Now we have 3 AB=CD drives still looking to complete. Two on the weekly, and a big one on the monthly chart.
They all point to the same price quote, we should have SPX rally up to a range between , depending on how fast it gets there.
Follow the index price through the channel lines ...