GBPJPY Continues lowerGBPJPY is showing a lot of signs that it will continue lower. With prices failing to break the downwards trend line, and a breaout on a pennant formation. This is giving me some strong confirmation that the pair will head lower
Alexchan
EURUSD Retracing then heading higher?From my previous post I stated that EURUSD completed its 5th wave, however I was wrong on the wave count, and it actually completed its 3rd wave (sorry guys). I expect the pair to follow its 4th retracement at the moment down to 1.1335 before heading back higher to 1.1460 levels.
Pennant forming on GBPUSDJust want to let you guys know of a possible breakout play in the near future, keep an eye on this!
GBPUSD continues lowerWith GBPUSD breaking pass 1.39426, (an area acting as high level of support). The sterling seems like it is on track towards breaking its 2009 low. Right now I expect the pair to retrace back up to around 1.39200 before heading down lower to around 1.37800
Gold continues bearish movementGold seems like it's going to continue its bearish play. With a trendline and 50% fib level holding the pair, I expect the the downwards channel to continue
XAUUSD Triangle formationXAUUSD has been every bullish lately, and there is a possibility that this pair might head lower to have a breather. Currently we can see the pair forming a triangle pattern which indicates a breakout to any direction. I'm personally going to play this pair safe and wait to see what happens next. Happy trading!
AUDJPY Bullish PennantA clear pennant formation can be seen forming on AUDJPY. I suspect the pair to head one more leg lower before breaking out to the upside. Let's see what happens
EURUSD to complete 5th wave?EURUSD has been steadily going higher and higher, and if my wave count is correct, I am expecting a 5th impulse wave up to around 1.13500. Personally I am waiting for a clear signal to see a reversal on the current movement.
EURUSD Lower Triangle FormationA clear triangle can be seen forming on EURUSD. Prices can go either direction, but my bet is that it's going to go lower. Trade safe and play the breakout/
GBPCHF breakout?The overall trend of GBPCHF is bearish at the moment. After seeing a retracement back up to 1.1427 and failing to create a higher, a strong push by the bears indicate that the downwards momentum will continue. With a break of an upper limit and small break of the lower limit trend line, I expect a retracement up before down lower.
EURUSD heading back down?If you've been following my analysis lately, you know I love playing the breakouts. For this pair, I'm going to call a 5 wave move back down to 1.08100. I'm personally going to wait for the eurusd to retrace back up to 1.09432 before entering a short to lower lows.
EURJPY breakout to the downisdeClear breakout from EURJPY. As always, I like to play conservatively, I'm looking the pair to retrace back up to 126.050 before entering short to 125.571. If you are an aggressive trader, you could short right now.
EURJPY continues downtrend?With a creation of new year low, I suspect EURJPY to continue its downtrend in the future. Right now, i expect the pair to retrace higher first to 123.636 levels before making its next move lower.
However, there is a chance that EURJPY may push up to 124.937 as the pair has seen very bearish momentum lately. Trade safe.
Gold breakout to the heavens!With gold making a clear upwards breakout from 1247.96 levels, there is a clear path for gold to head to 1278.39. Personally I am going to wait for a retracement back down to 1255.00 before going long again.
For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
EURAUD heading higherWith the crazy ECB announcements, there might a bullish trend reversal on the pair. After a clear break of a bearish trendline, I expect EURAUD to head higher in the near future. However I am expecting a small pullback before it makings it's next big move. Trade with care.
For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
USDCAD heading down lower?If you follow me, you would know that I had suspicion that USDCAD is going to head to the downside. With a break of the support region at 1.34439 and multiple failures throughout last week to create higher highs. I believe USDCAD will drop lower. Right now, I'm going to put out this trade and see where it goes.
EURCAD Evening Star. Continues lower?EURCAD shows signs that it's going to its downwards trend. With an evening star popping up right at the top of the trendline, we can expect the trend to continue lower. The next resistance identified is 1.45210. I expect prices to hit that point before EURCAD makes it's next move.
For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
EURAUD retracement back upEURAUD headed perfectly downwards to where I suspected it will be. At this point, prices are just above the 76.8% fib level, and with highly oversold RSI and MACD. I suspect that prices will head back up to around 1.5069 and possibly complete an ABC retracement as indicated on the graph. I am still bearish on EUR pairs, however this is a good opportunity to buy this pair. Trade with care
For more daily signals and analysis, please follow me. As well don't be afraid to leave a comment either you agree or disagree. Happy trading!
AUDUSD Bearish SignalWith AUDUSD unable to break above 0.72441 and create higher highs and a bearish divergence signal is in place. I good risk to reward ratio to sell the pair is a great oppoutunity
USDCAD bull run finally over?!With USDCAD breaking a daily trendline developed since May 2015 on the daily timeframe, the pair might be finally heading back down. With prices currently under the 100 MA and below the trendline, i would personally stay away from the pair until it goes back up past 1.36563, or until it breaks 1.34439 to head for lower lows.
GBPJPY continues to head downtownWith GBPJPY continuing to creating new lows every week, i expect the same with this week as well. On the 4h timeframe, a beautiful dragonfly doji could be seen. Following with it are several bearish candles which gives me a strong sentiment that this pair will head down lower. To be on the safe side, I'm waiting for gbpjpy to break 156.624 before entering a short to lower lows.
Gold bullish Pennant Outbreak?Gold is still very bullish. With a broken pennant formation in the upside direction, I expect the pair to reach approximately 1253.98 from this point on. But I want to also state that gold might drop a little to retest the trendline before moving higer.
Gold heading higherWith Gold breaking a strong daily trendline and following a beautiful retracement, i expect gold to continue its bullish momentum onwards. Risk to Reward ratio seem seems like its worth to take this trade
