Recent decline of EURUSD after testing static resistance area 1.0790-1.0815 from 13.Nov has developed in narrowing triangle format. Today pair has tested and retraced from its lower line at 1.0570. First resistance for EURUSD is marked with dark blue lines from 30.Oct and 13.Nov highs, at 1.0670 and 1.0690. After being tested, EURUSD price may continue moving in...
EURUSD did inverse test of dynamic level (red line), a rebound from it confirms EURUSD long. Put stop below intraday low 1.0615, resistance marked with dark line, target set below R2 daily pivot-point 1.0690.
USDJPY fell below trendline from 15 Oct low 118.06 that worked as dynamic support through previous six weeks. The decline encourages USDJPY to retest 13 Nov low 122.20 and further 121.90 - historical static level, confirmed with violet line from 09 Nov high 123.60. Orange ascending line works as USDJPY resistance at 123.50.
GBPNZD has got resistance area 2.3510-2.3560. The pair retraced from upper line, decline below violet line at 2.3500 opens sell opportunity targeting : - 2.3420 - short term support (violet line); - 2.3370 - yellow support line from 30.Oct and 04.Nov local high; - 2.3170 - static historical level, confirmed by orange line from 27.Oct.
USDCAD as expected moved down from 16.Nov high 1.3370 to dynamic support level 1.3224 - at this point meet orange and violet lines. Additional support is set at 23.6% Fibo correction level 1.3244. I. USDCAD decline below 1.3220 would indicate further drop targeting 1.3165 and 1.3070 (please check 4 hour timeframe). II. Recovery to 1.3300 offers potential point to...
AUDUSD retraced from upper line of descending channel, as expected on Friday. However, it rebounded above target 0.7050. Sell AUDUSD remains actual, SL set at 0.7185, first target moved to 0.7040. Following target 0.6950.
USDCAD has broken ascending trendline from 03.Nov min 1.3038, currently located at 1.3330, that created lower range for triangle. Backward testing of 1.3330 suggests entry point for selling USDCAD with stop-loss above local high 1.3370 (40 pts) and take-profit at 1.3240 (90 pts). Target is set with projected orange trendline from 06-10 Nov. highs through 13.Nov...
SBUX holds above weekly support line from Apr.2012 currently at 54.00. Same level is confirmed with dotted green line from Oct'14 low 35.38. The stock is likely to move within green expanding triangle, having support area 54-56 (perspective buying zone) and resistance from 68 (Dec'15) to 76 (Apr.16).
AUDUSD started its decline from 0.7140 on Thursday and was stopped by short-term support level 0.7090, created with two violet trend lines. After rebound AUDUSD has returned to previous order's open level. As displayed on the chart, 0.7140/60 area is strenghtened with a few dynamic resistance points. Expected scenario is AUDUSD decline targeting 0.7050 and...
GBPUSD remained in the ascending channel range. During today GBPUSD is sitting on channel's lower line currently at 1.5210, a confirmed break below it is needed to open SELL order. Target 1.5110. *If GBPUSD retraces back into channel, it rises to 1.5260, 1.5285 (follow yellow lines above).
Since 12. October AUDUSD is moving in a descendeing channel with current range 0.7140 - 0.6940 that reflects main trend direction. At this moment I expect developing one of the outcomes: I. Rise above 0.7080 (entry) and test 0.7140 (target), stop 0.7050. II. Fall below 0.7040, test and break of 0.7020 (entry), decline to 0.6945 (target), stop 0.7050.
USDJPY has tested upper line of descending channel, as expected yesterday. Unfortunately, the value of dynamic resistance has dropped too, and distance from opening price is below 10 pips. Current expectations A. Channel break to the upside, first target 120.70 B. Continuation of price range inside channel, targeting 119.80-119.60 area.
USDCAD is about to test upper line in ascending channel at 1.3270. I expect USDCAD retraces to support line in 1.3180/90 area. Keep in mind 1.3310 and 1.3350 static resistance levels ahead.
USDJPY declines in descending channel with current range 120.25-120.75 from 26 October. The pair could rebound from 120.25/30 support zone, I expect USDJPY rising to upper channel line 120.70/75. Target is confirmed by ascending trendline on hourly chart. Stop-loss is set below intraday low 120.15. Breakout from channel to the downside opens way to 119.50 support.
GBPUSD has started recovery from support area 1.5300. First barrier for cable is located at 1.5352, 23,6% Fibo correction to recent decline 1.5507-1.5304 and projection of green descending line from (1) wave range. Following resistance is situated at 1.5385 line, static level confirmed with 38.2% Fibo. Dynamic resistance 1.5395 is projected through local lows...
Dear USDCHF, Being so modest in everyday trading, I suppose you've gone too far this week. Perhaps you're a bit hangovered after Draghi party? I've noticed this 0.9805 resistance which you're going to test on Monday. Being sincere, isn't it the right point for you to retrace? I'm waiting for you in 0.9660/80 area. Would be great to see you again at my target...
EURUSD on daily timeframe has broken down descending trendline from May 2014 top 1.3993 in projected area 1.1040. This level should be considered pivotal for EURUSD on Monday: another close below it would confirm next bearish target 1.0815, while rebound above 1.1040 would support EUR. Green trendline from 20 July on 4-hour EURUSD chart confirms described...
USDJPY has tested ascending trendline from local highs of 16 and 21 October, 119.66 and 120.09, projected at 120.35. It is confirmed with static barrier 120.32 and creates first support level for USDJPY. Expected scenarios: A. Buy USDJPY at 120.35 support test, SL below intraday low at 120.18, target 121.20. B. Support is broken, USDJPY declines to 06 Oct...