The Breakout Opportunities system has just bought GBPJPY at 148.496. The system recommends entering this trade at any price between 148.286 and 148.755. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.281, suggesting that the GBPJPY may have further to rise. A stop loss has been set at the...
The Tidal Shift Strategy has just bought EURJPY at 133.011. The system recommends entering this trade at any price between 132.823 and 133.199. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -3.336, which suggests that the EURJPY could be trending upwards.The 14-period Average...
The Tidal Shift Strategy has just bought EURCHF at 1.13533. The system recommends entering this trade at any price between 1.13415 and 1.13651. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.45053, which suggests that the EURCHF could be trending upwards.The 14-period...
Sell below 1.3202. Stop loss 1.3243. Take profit at 1.3149. Reason for the trading strategy (technically): GBPUSD is approaching its resistance at 1.3202 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.3149 (38.2% Fibonacci retracement, horizontal swing low support)....
AUDCAD is approaching our first resistance at 0.9433 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.9282 (horizontal swing low support, 61.8% Fibonacci extension, channel support). Stochastic (89,5,3) is also approaching resistance...
The US Dollar Index has tested lows at 93.80 twice now without much success and is back higher, trading around 94.30/40 levels at this point in writing. Please note that a short term resistance line is passing just through the price and a break here could push the index higher towards initial resistance at 94.80 levels. Looking at the wave structure, medium term...
Gold followed its peers on Friday and reversed sharply lower from $1211 levels. The yellow metal dropped all the way towards $1190 before pulling back again and is seen to be trading around $95/96 levels at this point in writing. Looking at the bigger picture, the medium term story remains bullish for Gold and a safe trading strategy could be to go long on dips....
GBPJPY is approaching its support 146.98 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where price could rise to its resistance at 148.53 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 4.3% where a corresponding bounce could occur.
GBPUSD is approaching its support at 1.3062(100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3201 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
The Tidal Shift Strategy has just bought CHFJPY at 116.766. The system recommends entering this trade at any price between 116.597 and 116.935. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -6.572, which suggests that the CHFJPY could be trending upwards.The 14-period Average...
The Breakout Opportunities system has just bought EURJPY at 132.399. The system recommends entering this trade at any price between 132.036 and 132.617. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.983, suggesting that the EURJPY may have further to rise. A stop loss has been set at the...
TP = 0.94650 & 0.93033 both hit as AUDCAD followed the narrower 1D Channel Down (RSI = 47.776, Highs/Lows = 0.0) to successive Lower Lows. With the neutrality evident, this Channel Has posted a new Lower High and technically should resume the bearish trend. We are on a new short with TP = 0.92030.
Gold -0.12% is carving out corrective waves for now and believe it or not, bears could still remain in control, till the yellow metal stays below $1216 levels going forward. Please note that we are only expecting this complex corrective phase to terminate around $1185 as a probability and a fibonacci 0.618 support coming around the same level. It could be a safe...
The US Dollar Index is still seen to be consolidating in a narrow range between 94.30 and 94.70 levels respectively. The index is trading at 94.40/45 levels at this point in writing and is expected to turn higher pushing above 94.70 levels, provided the lower support range remains intact. With the bearish structure intact for US Dollar Index for medium term...
XAUUSD is approaching its resistance at 1208 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could reverse to its support at 1197 (horizontal swing low support). Stochastic (55, 5, 3) is approaching resistance at 96% where it a corresponding reversal could occur.
The Breakout Opportunities system has just bought GBPJPY at 147.958. The system recommends entering this trade at any price between 147.668 and 148.214. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.23, suggesting that the GBPJPY may have further to rise. A stop loss has been set at the 24-hour...
The Tidal Shift Strategy has just bought EURJPY at 131.243. The system recommends entering this trade at any price between 130.983 and 131.502. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.51, which suggests that the EURJPY could be trending upwards.The 14-period Average...