Eur/Jpy maybe getting ready for an extended move towards the upside.On Hourly and H4 timeframes we have a short term Higher low in place, T.L support from 29th Feb remains intact however the T.L resistance from 4th of Feb 2016 seems to be in trouble as price could be ready to breakout from it.Buy it after the breakout and pull back that follows it and look for...
USD made an attempt to break above the 61.8% area yesterday but failed to hold above it and soon we saw a retest of 50% retracement area which provided a bit of support to the pair.However a close below the 50% area as as well outside of the T.L support from 11th FEB would mean that pair may be getting ready for further continuation to the downside
As we head closer to March's Non Farm Payroll data.Gold continues to consolidate ahead of the data prints.We're likely going to see a breakout on Friday when the data is released but ahead of that.We could see the consolidation continue
Alright so pound fell sharply at the start of the previous month and we traded within it through out the whole month.Recently we had breakout on H4 time frame and price now seems to be rising.So I will be taking a short term long once we have our next pull back to the most recent resistance turned support around 158.54 or if we correct lower all the way down to...
We have a short term breakout from consolidation as Gold broke out from T.L resistance from 11th of FEB 2016.Next Resistance zone will be 1240-1244 .Breakout of that and we may see 1256 and 1264 in play
Alright so in this article.I am gonna share my view and what i think the possible scenarios for the next Euro/Dollar moves are gonna be.So we broke out of the T.L support from Feb 1st 2016 from where the big 500 + pips move began.That makes the pair bearish in the short term.We got short term bearish channel in which we may see the price in move for a while.Under...
Gold bounced off a major resistance turned support zone near 1188 after retracing 0.382% .... It may be going back up for a retest of resistance at 1244-48.Above it we got the previous high @ 1264 as next resistance.
We haven't seen any considerable pull backs on Gold since the breakout from 1128$ area , well we are nearing a key resistance level on Gold now and bulls might lose steam around this area before we see any continuation in this new and fast developing trend.Keep in mind that the T.L resistance from back in April of 2013 is now longer valid that means that we are...
Bit of retracement ahead and we may see further decline from there if the buck fails to hold its own
USD/JPY currently stands Key support are , since we have seen the pair bouncing back off of this area since 2014.So from here on we could see the pair consolidate again for sometime until it breakouts from either side.Major zones to look out for have been highlighted
Look for shorts after completion of 50% to 61.8% retracement of the low the established yesterday this week....Price likely to dip further after correction till we have a retest of the T.L support from May 2015.Further more if that support doesn't hold I expect 1.30 to 1.28 will be our next targets :)
Euro broke out of the previous structure with a sharp 200+ pips move towards the upside today.... Now the direction for the pair is set but with the end of the week and NFP to end it.It may not be the brightest idea to long it today.Wait for a decent pull back to enter a long for a target of 1.12 - 1.14
AUSSIE found resistance against Yen @ 86.30 , the pair also broke the short term T.L support from Jan 20 th 2016 ... we may see more downside if the pair fails to break above that 86.30 area.We may see some shorting opportunities on smaller time frames as well
We have a close back above 61.8% area after last nights pullback.Taking a Long here 0.65-0.6524 .... A break out from short term T.L resistance should allow extending gains
After the sharp sell off that lasted for about 10 days or so since December 29th of last year.The S&P 500 found support @ 1812 .... It has retraced 38.2% of its previous leg lower. A days close below 1876 could send the price back lower for a retest of 1848-1812 .... If price fails to hold on there.Expect the trend to resume further
I am no Elliotician just practicing with counts to spot good buy / sell areas...But judging from price action....If Cad continues to power its way through.We could be headed to 1.3784- 1.3448 after a few breakouts.If I consider the Elliot wave principle then we should be expecting 3 waves lower (2 down and 1 up , and ) after completion of the 5th.Just my...
Price is nearing the 61.8% retracement zone as well as T.L resistance from last year January.Should make for a good trade if we get a strong rebound here