directfxanalysis

directfxanalysis

AS IT SAYS

directfxanalysis

Bounce of descending trendline

directfxanalysis

Entering a currency pair that has been falling since Q3 2015 with retracement to the 1.9 Monthly level, followed by 3 successive months of falling my monthly bias was bearish. WEEKLY: Looking at the weekly chart we can observe that price has fallen quite well from 2015 to 2016, bouncing off the 1.7 monthly level. Price began to retrace and rally up towards the...

directfxanalysis

Kept it simple and awaiting retracement of key level and fibo levels before extensions.

directfxanalysis

Gold's monthly bias has shown a sustained downtrend over time with price respecting the long term downward trend line. XAUUSD kept at this level for 2 months before showing signs of producing a lower high. Based on values given from the indicators the price has already bounced of the pivot and shown divergence on the RSI with a bounce emerging from RSI trend...

directfxanalysis

fibo abcd formation

directfxanalysis

The chart above is USD/CHF Daily timeframe. As you can see price within this pair has been showing bearish market structure printing lower highs and lower lows. Most recent we have seen a lower low form at the 0.95500 area, which price since has been retracing to the upside. Price has so far has retraced back to the 61.8% fibonacci extension level, where we have...

directfxanalysis

Expected in fall in the value of the dollar based on movements from the dollar index. Monthly time frame shows strong bullish momentum exiting early 2017 consolidation zone with strong rejections of the monthly level as illustrated with the bullish hammer. Concurring with this bullish bias, the weekly time frame shows a upward moving slope also giving hint to buy...

directfxanalysis

LONG

directfxanalysis

Long

directfxanalysis

The US Dollar daily chart which has been producing lower highs and lower lows with the most recent lower high being a 61.8% retracement, aligning with our descending trendline giving confluence at the area of rejection which price printed a gravestone doji characteristic candlestick. Looking at the 20EMA it looks although further dollar weakness will lead our...