AUDUSD shows a divergence on the 4-hour chart. The support // resistance lines in green are old made back in time from the daily chart. Fibonacci confluence shows that the 38.2% retracement-line could be a very likely first target. Good luck!
Divergence spotted for the soon to be expected trend change into upward movement. It's very likely this will happen within several minutes. We will get confirmation from either a doji or afterwards when the MACD crosses the zeroline.
Looking at the confluence in Fibonacci Levels, both the first and second leg are 38.2 and 50 percent levels. This creates a possible extra dip down. If we breakout 1.123 levels we're in the clear and buying is most likely good to go.
RSI shows divergence, EMA crossover and channel breakout indicate change of downtrend to uptrend.
EURUSD broke channel resistance and is currently consolidating. Volume profile shows gap that needs to be filled above the current price. These two facts could indicate possible long opportunity.
SMIO AND SMII show there's still a relatively strong dip going on. When looking at the H4, we can see a (not so clear) channel. Combined with the looks of the Volume Profile, the most logical move is the continuation of a short at least until 25th of May 2016 (this wednesday). However. There could be newer support that causes a slight bump up and then down...
EURJPY could potentially break out of the inner channel (2) and continue up trend to outer channel (1) top before reversing. Watch for EMA 50 // 200 narrowing, and quick RSI rise: this could mean it's losing strength to continue punching through the inner channel resistance (which is relatively weak on the h4). Good luck trading EURJPY
Quick update to my last analysis on USDJPY. Earlier I showed the USDJPY would stay in the channel. The path isn't adjusted much but, we will most likely now get to experience a small bump up to reach somewhere near 109.7 flat. If this happens, the entire 24th of May 2016 will be a long until we reach that point. If you wish to keep your shorts on because you went...
This Fibonacci training will hopefully be of aid to you. I'll continue to train and educate myself, so I thought why not share the process. We'll continue with the Fibonacci training #2 on the 18th of April 2016, which is a monday. Again a little Fibonacci story with, hopefully you'll agree with me, a decent explanation. This time we can see the Fibonacci...
This technical analysis using Fibonacci retracement and Fibonacci Extensions , was made by me to help myself better understand price movement. I'll not get into too much detail here because most of it is already in there with the callouts. One last thing I'd like to add though is that the point where the leg moves down at the end of this chart is actually the...
USDJPY seems to be at the top considering a very consistent trend channel that started in early April 2016. In this chart particularly I'm using an inner channel to help define possible support / resistance levels. These also help create a clearer picture of the possible continuation or ending of the trend when digging into 5m and 15m charts. USDJPY seems like a...
EURUSD shows possible dip into outer channel. EMA 50 // 200 crossover on 19th of May 2016. Could potentially mean bearish until around 25th/27th of May 2016, @ EURUSD 1.11133.
GBPUSD going long for today. Prices might hit 1.44658. (Long term support resistances are fat rectangles. Short term (1h) are thin lines.)
If USOIL continues in it's direction it might continue to climb up into and above 46.9- to 47.-- it might have made a new structure level to rise up all the way into 50.9 - 51,0. If USOIL returns bearish and gains momentum after 45.77 price could drop back down to the 141.4 and possibly 127.2. Would love to hear your thoughts. Thanks in advance for your feedback!