Analysis for USDCAD Q3 2018 Probability price moves in descending channel dan towards median line Confirmation price has made a reversal on the upper line pitchfork It is also capable of making a retest on the upper line
Price moves in the downtrend channel pitchfork Expected reversal on upper line or on median line Opportunity to sell at reversal High probability price will continue to decline in the channel
The study follows based from timeframe on the chart D1 - The current trends of MA50 prices are still downtrend, where re-entry SELL is possible at MA5 6H - Momentum is still strongly toward downwards, current price is still under MA50 expectations of re-entry on MA50 This week's target price for AUDUSD is still on bearish momentum
Our study based from timeframe on the chart 18H - Extreme MA5 High on upper BB 12H - No Momentum upwards indicating price makes reversal upper BB 6H - Possible Re-Entry on MA5 High High probability price to move downtrend to middle BB
The study follows based from timeframe on the chart D1 - Reversal on Top BB, Expect Re-Entry SELL on MA5 High 6H - Strong momentum increasing downtrend, confirmation of downtrend if price is below MA50 3H - Price is below MA50 and strong bearish momentum can be occur This week's target for USDCAD drops till MA50 on Daily chart
Expecting price this week for USDJPY will decline lower There are reversal and price haven't break the upper line pitchfork Our target price is toward the median line, if there is a strong momentum downwards then our next target is lower line pitchfork
Our study on Daily chart, current price is exactly on the lower line pitchfork Good opportunity to BUY on this area On H4 timeframe price has makes full cycle on fibo line pitchfork High probability prices make reversal around this area and price should increases up towards lower line pitchfork as resistance
Price moving around pitchfork channel High Probability price will continue to increase this week Our target is on the upper line
High Probability falling from Upper Line Pitchfork, if price break trendline and moving upwards momentum - LONG
SELL on MA5 High 3H / 6H (RE-Entry) Momentum downwards on H1 Target price on Low BB
TimeFrame - 6H Reentry at MA5 High Strong Momentum Down TimeFrame - 12H Reentry in the MA50 area Overall BBMA analysis for USDJPY Trend is down Find reentry opportunities to SELL
Expect this week for USDCAD still declining to make upwards momentum, referring to our analysis on TF daily prices have also reached the upper line of pitchfork, market expectations will make few retest in the upper line of pitchfork TF Daily area. as per TF H4 we can also see the price action move beyond the upperline but does not continue to increase momentum...
Expect this week to USDJPY still on Bearish mode where thru our analysis finds the price on TF Daily has made 2 times retest on the upper line and the price has not made any momentum upwards. For TF H4, the opportunity to SELL down to FIBO Line 2.618
For Gold this week, the price is currently around the median line of pitchfork TF H4 and we can see few retest before defining which direction to go forward. Thru our analysis on TF Weekly is currently hovering around the lower line pitchfork, we find it's a great opportunity to going long in this area.
Longterm view for EURUSD in the TF weekly pitchfork of the market is still strong declining, While on our view for TF H4 this week expected the price to be able to make a slight increase and strengthening thru our analysis if the price surpassed the median line pitchfork, if break then our target is on the upper line pitchfork
For GBPUSD this week, it appears few retest on the lower line pitchfork over the past few weeks but prices are still hovering around this area. Expectations of this analysis, if prices continue to surpass the market's upper line pitchfork it might be able to continue the upward momentum. We can also be seen in the price of making a reversal in the median line last...
US Trade uncertainty also has an impact on the US Dollar, which looks like dive lower over the last few weeks. The price does not make the momentum to rise and unable to surpass the median line, expectations DXY will continue to decline this week.
BUY USDJPY Area: Pitchfork Median Line (Support) Pitchfork Channel - Ascending Entry: Pitchfork Median Line (Support) Target Profit: Upper Line Next Target Profit: NIL