OANDA:EURNZD should not go on and complete the "C" leg of a running flat pattern it has been forming in the past few months. A long corrective structure that seems in it's final stages, before resuming the main uptrend. More in detail the pair has broken a minor degree ending diagonal to the upside - a very short lived movement, and now seems to be forming a 4hr...
OANDA:NZDUSD has been in a big sideways correction for some time. At the moment, the pair is however forming a nice buy setup, on the 4hr and 60min timeframes. The pair has already formally completed a running flat type correction, with it's "c" leg breaking the low at "a", however it is struggling in it's next move to the upside. Nonetheless, we believe that ...
Gold seems to be at the end of a 4hr correction which has been forming in the shape of a flat type pattern. If our analysis is correct, OANDA:XAUUSD should break the minor uptrend to the downside and take the price to at least re test the daily trend line in the 1280 area, possibly further to retest previous low in the 1240 area, although not necessarily. From...
It seems that, after consolidating in an "abc" formation in the shape of an expanding flat, crude oil ( TVC:USOIL ) is breaking a minor trend and going for the downside. Expected target of this small however interesting movement and trading opportunity is in the 58.5 - 58 area. If you feel that our analyses and views may be a useful complement to your trading...
Following today's news, which sped up the consolidation completing the corrective structure, we believe that NASDAQ:TSLA is now a long term buy. From this moment on therefore, we will be looking for buy setups. On the minor timeframes, watch out for ending diagonal formations and other price action patterns for an entry point on their break. For a more...
First of all, congratulations to all those who are following us and our analysis on this pair () and managed to get into the buys at the bottom, on the break of the minor trend. Right after the break, there was an immediate consolidation structure in the form of an "abc" expanding flat, but most of it happened during night hours, and until it was completed we...
Following our long term and extensively updated daily overview on this pair (), we have had to revise our forecast numerous times, unfortunately, as we have to admit we didn't expect the pair to break the previous daily low, which we believed was the beginning of the impulse. Well, that proved not to be the case, however this does not change at all our long term...
Behaving as expected, the weekly long consolidation never broke to the upside, and instead is coming down pretty strong from "C". If this ultimately confirms as a running flat for more downside, the pair will go for one more downwards movement on the daily. This, in turn, would be extremely good news for us, as it would be the final confirmation for a coming big...
The past two weeks have seen all pound pairs consolidating to the upside, in a manner that could seem to go against previous analyses. The short term picture has not changed, however, as we still expect one more down move on these pairs. This remains. Even if we are expecting a reversal to the upside on GBP pairs on the monthly timeframe, which means that these...
The big question about the CAD that everyone is asking at the moment is: is the long term correction entirely over? Or does it stil need to complete itself. On the weekly timeframe, in fact, one can clearly see that, consequently to the huge impulsive and trending movement that the USDCAD pair has had to the upside between 2013 and 2016, the pair has gone through...
Following our daily and weekly timeframe overviews (), we believe that a potential huge movement to the downside could commence any time now, on the GBPCAD pair. As it is pushing further to the upside, we have to consider that it not only has broken the top on the daily timeframe, completing the corrective structure, but it is also building up divergence: a clear...
Following our previous weekly overview, we are expecting a big downside on this GBP pair as well. We have been observing OANDA:GBPCAD closely, waiting for it to break the top on the daily, before looking for a downside. Now that it recently has, we are monitoring the pair even more closely, in order to identify possible reversal patterns. A trade not to be...
Following our daily and weekly overviews (), on the 4hr timeframe it seems that we are having a great short opportunity. After a first impulsive movement to the downside, in fact, we can clearly see that the pair is consolidating in a flat formation ("abc" correction). As always, we never know if it is going to be a "regular" flat, or an "irregular" flat,...
Another very interesting pair at the moment is OANDA:EURAUD . As we can clearly see in the weekly timeframe chart, after a trend reversal to the upside that had a nice impulsive movement between 2012 and 2014, the pair is in a big sideways move that still needs to complete itself, before resuming the uptrend. In this respect, we believe that the pair still has...
Following our weekly timeframe overview (), this is the trade we are are looking at on the daily, at the moment. Not much different to our weekly overview, on the daily timeframe we can however add that, within the ending diagonal, the pair has broken the previous top whilst strongly building up divergence. We are therefore seeking for sell setups, on the smaller...
The British pound is driving all of us traders a little crazy at the moment. The simple reason for this, is that at the moment it is not possible to forecast the next movements on the smaller timeframes because even the bigger picture remains undeciphered. In other words, in the daily and weekly timeframes, it remains unclear whether the pound will break the trend...
Following our most recent analysis on this pair (), we believe that OANDA:AUDUSD could have completed an "ABC" correction in the shape of a running flat patter, and there could be a further downside consolidation of the pair, to retest the lower trend line of this huge sideways move the pair is moving in (daily and weekly timeframes). Nonetheless, a good short...
Following our daily timeframe overview and 4hr chart analysis () we can see that pricewise OANDA:GBPCHF is squeezing in nicely at the top, in what would seem to be an extended wave 5 within the "ABC" correction. On the 4hr and 60min timeframe charts, watch out for breaks to the downside of the small trend it has been forming in the last sessions. Divergence...