roy_cuzin

roy_cuzin

The NZD/CHF is sending a strong sell signal on its monthly chart with a stunning Key-Reversal spike that came all the way back to close below the major resistance of the Matrix at 0.6984. The new downside move is expected to go all the way the low levels of 0.6300 - my Price Target.

roy_cuzin

The price of Gold is on the rise ever since the begining of the year. According to the technical picture, the current upside trend is merely a correction to the major downside move coming from the record breaking highs of $1920 (at the end of 2011) to the low levels of $1046 (by the end of 2015). Since most corrections tend to correct at least 38.2% of the major...

roy_cuzin

The Canadian Dollar is on the rise. About a month ago the CAD/JPY has began to shift its primary trend after hitting the low levels of the Matrix at 77.00. The reversal has been accomplished and the upside move is on the go. My Price Target is consistant with the major resistance of 85.12. Stay tuned...

roy_cuzin

The primary trend of the USD/CAD has shifted at the begining of this year and switched its direction downwards. However, the last couple of months can be defined as a sideway movement, as the pair has entered a correction phase. Coming off the high of the Matrix and closing below the important supoort and test level of 1.3016 sets the trigger for this Sell Signal.

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The negative sentiment over the europian continent is escelating. I predict further downside pressure, which should drive the EUR/USD all the way to the major support of the Matrix at 1.0757 - My price target.

roy_cuzin

AUD/CHF is pushing forward just as expected. Soon the pair is going to meet the important resistance of the Matrix at 0.7459. My estimation is that the positive sentiment on the AUD dollar will only escelate and keep driving the AUD/CHF towards its previouse high at 0.7600 - My price target.

roy_cuzin

The EUR/AUD has just hit my first price target at 1.4640 - Matrix level. Nevertheless, the weekly close below that level indicates for strong negative momentum hence, the continuation of the downside movement. My second and most important price target is still more than 200 pips to go, at the Matrix strong support level of 1.4300. Stay tuned...

roy_cuzin

The AUD/CHF is starting to pick up its pace going forward after a reversal phase. The current upside move is expected to continue all the way towards the previose peak around the levels of 0.7600 - My price target for this Buy Trade.

roy_cuzin

EUR/AUD is closing in on my first price target and important support level at 1.4640. Some battle is expected against that level. However, I estimate the continuation of the negative momentum all the way to the major support of the Matrix at 1.4300

roy_cuzin

Once the EUR/CHF has based itself above the major support level of 1.0775, a clear and long term Buy Signal was generated. According to the Matrix the price of this pair is just at the begining of an upside trend that is expected to move all the way to the high territories of 1.2000 and above. The major resistance of the Matrix is at 1.2039 and that's exactly...

roy_cuzin

The Canadian Dollar is on the rise, driving the USD/CAD downwards. According to the Matrix we still have room for at least another 300 points to go till the major support level of 1.2630. Stay tuned...

roy_cuzin

We are following up with our Long position on the Copper. The copper has been rising as expected and its time to replace our StopLoss level from its original placement to the levels of 2.1500. The Copper is still left with $7 of expected move untill it hits our price target, which is the strong resistance of the Matrix at 2.2630.

roy_cuzin

The S&P500 is under heavy negative sentiment on the background of the Brexit anouncement coming from the UK last Friday. My estimation is that we are just at the begining of a new downside movement, which should carry on all the way to the major support of the Matric at $1907. StopLoss level can be placed above yesterday's highest high around the levels of $2035.

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EUR/USD has plunged 400 pips on the background of the Brexit anouncement on Friday. However, according to the Matrix there is another 250 points to go untill it hits the major support of the Matrix at 1.0757. The close bellow the 200 daily moving average on Friday was just another indication for the continuatiation of this downside movement. My StopLoss level is...

roy_cuzin

The EUR/AUD keeps moving downwards as expected. The upcoming brexit is not supportive for the Euro and the technical analysis picture is also negative for the Euro. On the other hand, the Aud is on the rise, showing signs of strength. According to the Matrix the EUR/AUD is expected to keep moving south, all the way towards the major support level of 1.4293. Good Luck!

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The GBP/AUD is moving in a perfect Elliott Wave formation, while recently had just ended the corrective wave number 4. According to the Elliott method, progressive wave number 5 should develop at this point with the potential upside movement towards the previous high, represented by the top of progressive wave number 3. The fact that corrective wave number 4...

roy_cuzin

The pacific currencies are relatively stronrger than the others lately, in a trend that is expected to continue into the near future. NZD/CAD is one of my top candidates since it is traded in low price levels, and after a downside move that show signs of termination and reversal. According to the Matrix price should keep moving forward towards the major resistance...

roy_cuzin

The EUR/USD has just recently bombed against the major resistance of the Matrix at 1.1406 and quickly bounced off that level. My estimation is that this level may be the highest spot for the EUR/USD for the near future. Negative sentiment in regards to the continent of Europe is building up again. My price target is placed at the major support of 1.0754,...