It seems likely that price action will move higher in the trading sessions ahead to hit the 86.09 level. Nice long opportunity here....
A really solid setup here. The 13.6394 level might be achieved to the downside prior to the move higher that is coming. If so, that would be an ideal level to get long for a bullish move higher to the 13.8866 level.
We will see bearish price action over the medium term with a target at the 1.3287 level. However, there is short term risk of a move higher to the 1.3563. There is plenty of room to the downside.
A potential triple or quadruple bottom here. Regardless we are bullish. The 1.0558 level is our target level. Could this be the beginning of a multi-week/multi-month move higher? www.thecharttraders.com
Looking for a short term move back down to the 1.6973 level. Our forecast for the short, medium, and long terms was just posted for premium members.
Probably will see some choppy price action continue, but have put a couple scenarios on the chart. GBP/USD will likely want to test 1.2375 and lower before the real test of 1.2860 above is made. Will price action break above that level? We think so and just posted our long, medium, and short term forecast for premium members.
Likely to see a bullish move higher to the 0.7123 level over the next several candles.
The GBPNZD is setup for a move lower to the 1.7424 level. We like a short here.
In the shorter term, we should expect price action to drop to the 1.2344 level. This is not a trade that we are in with Premium members only because we have reached our trade limit with our current trades for now.....
It appears that we may be looking at a descending wedge, which mean price action could make a break higher. We like the long side here to target the 1.3325 level for the shorter term. However price action make its next move, higher is going to be the eventual outcome. We posted our full forecast for premium members.
A move lower is likely after a breakout lower from the wedge formation. The level to be interested in on the downside is 1.0362. Will this be the turnaround point? It could be, as we expect a very bullish medium term move to happen soon. We posted a long term EURUSD chart a while ago that shows were are in a long term critical area that will determine a longer...
The 1.0450 to 1.0700 area is a critical area where a long term break out for lower levels to achieve a longer term target will occur or a bounce to higher levels in the weeks ahead will result. We will not see price action sit around at these current levels for very long especially since the US FOMC rate decision is next week. We will see more volatility soon......
We really like this short opportunity with NZDJPY currently. On the chart, we show a target of 81.03. Could this be the first target of many on the downside? We say yes.
We are short with premium members looking for the 0.7350 level over the shorter term. What is interesting about this trade is that if this move lower breaks down through the 0.7350 level then there could be a larger move developing to the downside...Otherwise we should be looking higher once again. More details on this just posted for premium members.
We will likely see price action move a bit higher in the short term, but medium term our conviction is lower over the next several months. The 17.8426 level is our target. We just posted a detailed forecast with short, medium, and long term details on our expectations.
Looking for a shorter term bearish move to target the 1.6900 level as we are short from the current level.
Price action is likely to extend higher to hit the 51.47, however, we are very bearish on crude oil. We are forecasting a move lower for the weeks ahead that will initially target the 48.39 level. We will be getting short with premium members soon.
Price action is very likely to move a bit lower in the shorter term before a sustained move higher gets underway to much higher levels. So in the shorter term we are looking for the 1.0584 level and likely further to the 1.0564 level.