Hey guys, this analysis is based on wave theory from larger timeframes. Price seems to be stuck in wave 4 and is awaiting a last drop to extend wave 5. I believe we will see a new low form soon and then a retracement to 78.20 levels before price dips lower for an optimal buy entry. Good luck!
This pair is testing a trendline at the moment and may bounce back up into range. A break below this trendline may indicate a new trend in place. I am still leaning towards some strength to be seen for the aussie dollar. Good luck!
This pair seems to be in a 3 wave correction phase/ 4th-5th wave in Elliot wave theory. I believe the 5th leg down will be coming soon! Keep your eyes on these resistance levels, and look for a signal!
This pair seems to be consolidating at the moment and will most likely come back down to find more buyers. It tapped an hourly support that may now act as resistance. I'll be looking for a sell signal around the highlighted area or a bit lower.
So who's already short the pound?? after today's session we saw a typical pump & dump of the dollar sending cable flying upward (currently testing sellers positioned from Feb22nd & Mar22nd). I see this pair testing 1.30500 area or a bit lower before crashing to form new lows. This is entry is invalid if 1.28406 (61.8 retacement) continues to hold price below.
This pair seems to still be consolidating and may look to retest Monday/Tuesday's low before making a strong move upward. I will look to buy if price dips down to the highlighted area :)
This pair has been rallying since Tuesday of this week and has finally hit a supply zone on this 4hr timeframe. I think the dollar will soon continue its bearish trend this week, and we will see this pair head back down to previous demand zones (around .97000). Good luck!
Although this pair took a down-turn earlier this week, I believe there may be room for it to make another push up before resuming downward long-term. I will look to sell around 1.708000. If I miss the trade because it doesn't rally after this week...OH WELL ;) More sell opportunities will present themselves if price makes it back below this 4 hour trendline. Good luck!
Looking to short this pair on a retest of the broken up-trendline & .618 fib retracement of the most recent A-B boundary. Please take a look at the possible wave count I have listed. Good luck!
We can see a 4hr consolidation being broken & a double top forming at the trendline. Then price made a swing low & was consolidating before pushing higher last week. Although this trendline has been broken and looks to have been re-tested, I'd like to see seller's push price a little lower before another swing high presents itself. I will then look to short this...
1.04500 has been holding firm as support since Jan 11th of this new year. The head of the Head&Shoulder structure I have outlined came a few pips shy of this level before price continued upward. I'm expecting a short rally into a prior supply zone/trendline area in which I will then look to short for a possible right shoulder formation. I will then look for a buy...
Price is approaching a very strong support level @ 18.95000. Also present is a previous supply zone that may act as demand, especially after the massive sell-off from yesterday afternoon. A Daily/Weekly trendline is also in view and has not yet been penetrated. I will look for a buy signal around these levels.
This pair has been in a steady decline since Sept. of 2015. Price got stuck around a previous support marked @ 1.61520 and bounced up at the end of 2016 only to decline back down to this same level. I am expecting a new low to form around 1.55200 (or higher) and a steady rise from there to re-test this monthly declining trendline.
This 4hr timeframe is showing price hitting this same level 4 times. A head & shoulder pattern can be spotted on the start of the retacement upward, but I think this pair has only formed a left shoulder on a larger timeframe. We can also spot a nice fib retracement slightly below the 786 from a recent A-B boundary.I expect a further drop in price to form a head...
Pair has entered a supply zone - enough to push price down with the market loosing liquidity (as the US session comes to an end). Ultimately this pair should see higher levels before turning again to the downside long-term. Target on this intra-day sell is around 1.34320
After rallying all through London, and early US session - This pair may have formed a 2nd leg double top/false breakout on this 4hour timeframe. Looking to ride this bad boy down to the open liquidity mark around 113.400.
Awaiting a pull back to the broken neckline presented on this daily chart. Will look to load up on shorts after some confirmation presents itself around that sell zone!