Technician

Technician

Possible scenarios

Technician

Price in a short term bullish breakout mode, retested 4.25 resistance recently, on a break above it I expect a move to 4.45-4.50 resistance. I would be cautious near this area, as for the short term bullish trend to transform into a longer a more sustained one with a significantly higher upside targets this resistance should be decisively taken(at least few days...

Technician

Potential intraday direction and support and resistance levels

Technician

Bias is sideways over intraday basis, but overall, i tend to be slightly bullish, targeting 94.60 high. Alternatively, on a break below 92.85 further downside will be likely to 91.80

Technician

Request an Analysis for any instrument, I would be happy to do it, Ill be available for 30 mins

Technician

Price bounced of the rising trend line to settle back above 1.3625 broken low. We will probably see a move back towards 1.3800 main resistance area. Unless we decisively break the channel's support. Possible scenarios illustrated on chart twitter.com thefxchannel.com

Technician

Strong bullish bounce on Friday formed a long legged doji candle, that hints renewed bullish pressure. We might see another attempt toward the latest high near 1.6600, this is not a bullish signal yet, as i said "Ill be looking for longs" that doesn't mean am bullish and will buy as the week starts, it does mean that I will be looking for intraday bullish setups...

Technician

Testing a major resistance around 1.5600 while RSI signals a bearish divergence. Please check part one for trade details

Technician

Update: this is disappointing, as price hit target without triggering entry. I cancelled the trade. Price retested double top neckline and probably heading lower, first downside target for this trade at previous broken high around 1.5030. If we get a break below that level that may extend the downside significantly and thus downside target will be more extreme,...

Technician

Check previous post Bullish move has reached a key barrier, as price test a long term retracement around 105.60, a downside correction may start on a break below horizontal support at 103.75

Technician

The price is testing the long term 61.8 retracement for 124.13-75.55 bearish trend 105.62, amid strong log term overbought signal. Check next post for daily analysis for a possible trade

Technician

Price managed to break the rising channel, with a confirmation on momentum, but still we haven't seen both moving averages crossover to confirm a trend reversal. Accordingly, bias turned from bullish to neutral, but hasn't reversed to bearish yet. A push back above potential resistance around 875.00 could trigger a new bullish wave

Technician

AUDUSD is in a clear sideways consolidation mode, after hitting the major swing low at 0.8845 areas, which formed a short term floor. A breakout of this sideways consolidation may signal a short term trading opportunity. Overall technical picture is improving, however I would be cautious as the high of daily pin bar at 0.9000 resistance level is still intact. I...

Technician

Update: reached target without triggering entry, didn't take trade. Profit/loss(pips)=0 An hourly hammer at support **Trade number 59 Still Active Trades: 1 @

Technician

Update: stopped out Profit/loss(pips)= -60 Price forms some bearish pin bars at the first test of a monthly resistance at 1.0855, probably we may see a minor pullback. **Trade number 58 **Accumulated profit/loss(pips)= 2242 Still Active Trades: 1 @ Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop...

Technician

A potential head and shoulders pattern failure, will probably be confirmed on a break above right shoulder at 3.88, that may confirm an initial target at 4.18 and probably higher to 4.35.

Technician

As price hit the upper boundary of the long term channel and retreats in V-shaped bearish action, there is a good possibility for further correction and a retest of the mid-band of the channel twitter.com thefxchannel.com

Technician

Bearish weekly shooting star candle near 48.30 major high, bearish divergence on Momentum and Money flow index, provide an attractive short in terms of reward to risk. first target at 43.80 area, which is a confluence of the 50-days SMA a rising trend line and a horizontal support. On a break below this support look for major downside towards 39.90 next key...