trading2day

A break above 1.2177 will confirm trend reversal for GBPUSD with 1.2310 as the minimum target. There is important support at 1.2140 area as this is the 123.6% extension of the first decline from 1.27 to 1.2340 and also the 78.6% Fibonacci retracement of the rise from 1.20 to 1.27

EURUSD is showing reversal signs from above 1.05. I believe that a move towards at least 1.0630 is possible. As long as price is above 1.0490, we might find the reasoning in today's Draghi speech for a push higher.

There are increased chances that wave 4 was complete in Deutsche BANK right on the 38% Fibonacci retracement. The recent decline from 19.79€ is impulsive with 5 waves complete at 17.07€. I expect a bounce towards 18-18.50€ for wave 2 and then a strong wave 3 downwards targeting 15.50€ first and then 13.80€. Stop for this idea is the recent high. Confirmation will ...

Wheat is testing important long-term cloud and trend line resistance. A breakout above 470-480$ area could signal a very big move ahead. Minimum target will be close to 600$. Must be patient and wait for breakout.

I'm bearish USDCAD from current levels as long as price is below 1.36 targeting minimum 1.28-1.29, but with high chances of reaching even 1.25-1.20.

The downward sloping wedge has been broken to the upside. As long as we hold recent lows I can see GBPUSD rallying towards 1.25

I expect USDJPY to top around 120 but for the short-term I can see a pull back towards 115-114 area as wave 4. I prefer to be short as there are also chances of the entire rise to be complete and we do not see 120. 114-115 is key support area.

Gold price is expected to make a pull back towards $1,150-$1,190 in order to complete wave 2 down, before the resumption of the larger bullish trend that has started. This scenario gets canceled if Gold price breaks below $1,045 or if the rise from $1,045 turns out to have a corrective pattern.

EURUSD could make one more final higher high towards 1.15 to reach the rectangle target area BUT bulls need to raise their stops and protect their positions as we have bearish divergence signals that could push price back to 1.1250-1.1150. However a break below the blue TL will open the way to re-test the 1.05 lows.

With Stochastic oversold on the weekly chart and turning lower, price got rejected at the 78.6% Fibonacci retracement and targets 833$. This scenario has more chances of success if price breaks below the weekly Kumo (cloud support) around $1,200. My stop is at 1387$

Weekly chart shows price testing weekly Kumo (cloud resistance) and the downward sloping TL as stochastic has entered overbought levels. Bulls need to be very cautious as we can test support at 104$. If broken I would expect more selling to push price towards February lows.

Bearish signs in FB as we see a double top pattern combined with TL breakdown and overbought stochastics turning lower

Topping formation, triple top rejection, oscillators overbought and diverging. Minimum expectation is to test the lower triangle boundary. Next target is the 61.8% Fibonacci retracement

Despite better than expected EPS announced yesterday, price action was bearish as price is being rejected once again at the upper trend line resistance and the bullish flag breakout pattern does not get a confirmation. The only positive signal is the fact that the weekly candle touched cloud support and bounced. Unless bulls see a push above 36$ over the next few ...

The weekly chart in CSIQ is a bullish flag. Current price action shows that price is near breaking out above the flag. Conservative target is 50-55$ while an equal leg upward to the previous upward move can bring the share price towards 60$. The sideways consolidation in CSIQ is most probably over. Short-term support at 35$ and at 33$. A break below these levels ...

I expect the sideways triangle corrective move to finish soon and prices to break towards new highs as wave 5. Currently in wave 4.

I expect the lower lows and lower highs pattern to continue and give a new low towards 1,3450

Typical head and shoulders pattern breaking the neckline