swissmoneymakers

swissmoneymakers

Hi Traders! As you can see the market is in a calm short session on the 1H Timeframe. It is moving in a parallel channel since the beginning of February (1.10900) until now (1.09500). This is a difference of 140 pips! Now we're expecting a breakout upwards to "breathe" and having a pullback. The next logical area is the resistace at 1.09950. If the market...

swissmoneymakers

Hi Traders! As you can see the market is moving up and down. After the market moved lower, it broke out the channel and moved up higher and vice versa. The upper area is an ascending trendline and the lower level is a normal support. Now the market is at the upper trendline for the third time and with high momentum. If the market turns around at the Trendline,...

swissmoneymakers

Hi Traders! In the beginning, the market was down around the level 1.30600 and was in consolidation there. Then it broke out and moved higher until resistance. Now the market is at a strong daily resistance which is hard to break. This time would be the third time that the market bounces back from that Resistance level. That means that the market has more chances...

swissmoneymakers

Hi Traders! The market was moving in a downtrend. Then the market got momentum and it rallyed very fast upwards. As you can see, the market only formed one red candle. The RSI Indicator tells us that the market is overbought. In addition, there is a fact, that if the market rallye to resistance with high momentum, it has more chances to make a pullback. These are...

swissmoneymakers

Hi Traders! The market was in a downtrend in the last weeks. It was moving in a parallel channel with some fake breakouts. Furthermore, the price was under the 50 period moving average until now. The market broke out of the parallel channel and retested it 7 bars later. Our retest-candle is a dragonfly-doji which means bullish strength. Now it could possibly move...

swissmoneymakers

Hi Traders! The market broke out of the parallel channel at 0.68500. Then it fall down until the support area at 0.66800. The market didn't do a proper pullback. Now it reached the resistance which was lastly touched on October '19. After that it will make a pullback and for that we use the Fibonacci Retracement Tool. Our conservative target area is at the Fib...

swissmoneymakers

Hi Traders! The market is in a strong downtrend. The "Multiple Sell Point", as we call it, consists of three parts: > The nearest Resistance is there and that means that selling pressure could get in; > the 200MA as a guide line, because the market often touches it and bounces back; > the top of the bearish wedge , which is also a trend continuation pattern. ...

swissmoneymakers Updated 

Hi Traders, the market was in a very strong uptrend. The resistance level was at around 1.11800. Then the market broke out and is now in a consolidation area. It is still possible that the breakout is just a false break and it could return back into the triangle! We have to wait for a proper break of the consolidation or for a retest. The SHS makes the potential...

swissmoneymakers

Hi Traders! The market is now in a strong downtrend. In a healthy trend, it is often difficult to look for an area from where the market could bounce back or continue. That's why we use the 50 period MA to identify where the market is at an important level. Now the market is in a retracement move. The 50 period MA is also touching the price, so now it could...

swissmoneymakers

Hi Traders! The market is in a very clear pattern. After a healthy downtrend the market is now trying to change the trend. The retracement moves are getting as strong as the trending moves. At the moment the market is in a flag pattern which is at the resistance at 1.30800. We're expecting a breakout with the same length as the first "shoot". If the market...

swissmoneymakers

Hi Traders! As you can see, the market is now in a downtrend. But the downtrend is very old and the power of it gets weaker. The last strong move the market did was the bearish wedge pattern. It moved down, then it made a consolidation wedge, after that it moved exactly that lower again. If you look at the H4-Timeframe, the support at around 0.96300 is not broken...

swissmoneymakers

Hi Traders! As you can the market is in an uptrend. Furthermore, it broke the resistance at the higher timeframes. The market is now retesting the break. For that, it made a parallel channel moving downwards. If the market retests the support successfully, then they're good chances to go as high as the last swing high. That would be than a bullish flag pattern. ...

swissmoneymakers

Hi Traders! As you can see, the market is moving in an opening wedge. The market even broke out the upper trendline. But it failed the retest, so it bounced back into the wedge. Then it made some lower lows, so another trendline. The next resistance area is at 1.30500. We expect the market to break out with the target at 1.27200. We recommend to sell the breakout...

swissmoneymakers

Hi Traders, The market is moving in a clear market structure. We have an overall uptrend with higher highs and higher lows. The market is now at the bottom of the wedge and we're expecting a swing high. Our target is at the next resistance, where more sellers could come in. The TP is at 100 pips and the SL at 32 pips. We recommend to buy the market after a...

swissmoneymakers

Hi Traders! The market broke out of the descending triangle (H4) on 27th December '19. Then it fell until the support at 0.96500. It formed a bullish engulfing pattern there. So, the market made a consolidation at the area of the 61.8% Fibonacci Level. It retested the area two times. Now it will continue the trend and make another swing at least to the level at...

swissmoneymakers

Hi Traders! The market is moving in a range. The resistance of the range is at 109.700 and the support at 109.200. Since the 19th of December the market is making higher highs and it is respecting the trendline. Then it turned back at the resistance. Now it is stucked around the trendline area and it is making a consolidation with low volatility. That mean that...

swissmoneymakers Updated 

Hi Traders! The market did swing four important movements: 1. The first movement was around the beginning of octobre and it reached the resistance at 0.69300. 2. Then it moved a pullback until the level of 0.67700. 3. After that the market moved up again towards the resistance again. 4. Now it is around 0.68500 and the market is moving towards the reversal...

swissmoneymakers

Hi Traders! As you can see the market is in a healthy downtrend. The market even broke out of the support at 1.29700. The candle which broke out was a very strong candle in relation to the others. That is a sign of strength in the market. After that the market retests the area with a bearish flag. If the market bounces back successfully, then there is a good...