We can draw a pitchfork which is encompassing price action since March 2015. In recent days, bears tried to break the lower boundary of the pitchfork but failed and we witnessed multiple long lower shadows indicating persistent buying interest. By the way, the time of decision is nearing and if the bears manage to break the 1.1137 support to the downside, the...
Cable seems to have long way to go south. After breaking out of the massive range on Brexit fears, the bearish plunge has a target of around parity for this pair. Any upward move could be considered a short opportunity for long term traders. Good luck, Ali Sharifazadeh, CFTe
This pair sits at a massive support zone. If we get a daily break below 1.7675, a steep fall is expected. Good luck, Ali Sharifazadeh, CFTe
Technical Analysis: The downtrend line is capping the upward pressure so far. Bulls need to break decisively 1.3050 to keep the bullish scenario intact. I favor bullish outlook as long as the 1.2916 support holds. Breaking down the 1.2916 means the upward channel is broken and a massive decline will be expected in that case. MACD is turning positive but it might...
Technical Analysis: Bulls keeping pressure on the declining resistance zone. They need to break the 1.128 swing high to threaten the 1.1360 and 1.1420. As long as price stays above 1.1122 support, I favor having a bullish bias. MACD is positive and is going to push above the signal line. Fundamental Analysis: With ECB staying pat and Draghi happy with his...
This pair is in a very important zone and I expect some decent buying to emerge here. Good luck, Ali Sharif Azadeh, CFTe
Recently published economic data out of UK suggest that the market is overly pessimistic on UK economy. If Brexit fears abate, Cable will rise very sharply. Now we have a low risk long opportunity right now. Price is at the bottom of the rising channel. Entry, TP and SL levels are all shown. Good luck, Ali Sharif Azadeh, CFTe
Kiwi has risen sharply in recent days, mainly because of hawkish RBNZ statement. But here there is a real test for the bulls: - A change of polarity zone - Top area of the channel I think the bulls will find it here to break this resistance. Good luck, Ali Sharif Azadeh, CFTe
This bearish Bat might well stop the bulls from pushing higher. Entry point, SL and TP are all shown on the chart. Ali Sharif Azadeh, CFTe
The 2.1 are had played as a massive top capping bullish thrusts several times in the past 3 years. It broke on May of 2015 and it is expected to act as support. We also have positive HD and RD divergences on the weekly chart. Nice buying opportunity if we get a good trigger. Good luck, Ali Sharif Azadeh, CFTe
These massive AB=CD and Alt Shark patterns have formed a formidable resistance for Bunds. Good luck, Ali Sharif Azadeh, CFTe
This pair has broken it's rising wedge pattern and is going south for its C wave. The Upper Middle Line Parallel should cap the rallies. Good luck, Ali Sharif Azadeh, CFTe
After falling almost 800 pips from when I shorted this pair, I am going long now. These massive Shark and AB=CD patterns will usher in a new bullish run from now on. Good luck, Ali Sharif Azadeh, CFTe
This pair has completed it's B wave and is going down for the C wave, targeting the 0.91 area. Good luck. Ali Sharif Azadeh, CFTe
This inverted AB=CD pattern might offer a bit of support to this pair. Note how nice the price has been reacting to the Schiff's Pitchfork in the past. Good luck, Ali Sharif Azadeh, CFTe
I think this pair is going to complete a massive bearish Gartley in late 2016. Whenever Oil bottoms out, this thing will crash. Until then, enjoy the bearish run. Good luck, Ali Sharif Azadeh, CFTe
This is 2nd scenario that I propose for the yellow metal. The 1st one focused on the break up of the descending channel. In this scenario, a Bullish Bat and an Inverted AB=CD pattern might collide to support the price at the region I have shown on the chart. Good luck, Ali Sharif Azadeh, CFTe
After a 5-wave upward surge and a seemingly zig zag correction which has formed a Gartley pattern, I expect the price to start a nice rally. Break up of the 2.09054 swing high can be considered a good indication that the new bullish phase has began. Good luck, Ali Sharif Azadeh, CFTe