Nikkei225 broke out of its strong support turned resistance line at 23046 which could trigger a further move down to its next support at 22215 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). Ichimoku cloud also shows signs of downward pressure.
Sell below 1.3097. Stop loss 1.3152. Take profit at 1.2977. Reason for the trading strategy (technically): USDCAD is approaching its resistance at 1.2977(61.8% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.2977 (61.8% Fibonacci retracement, horizontal overlap...
That Bars Pattern was taken from Gbp/Cad buy that I posted recently. That red MA is the 200.
AUDCHF is trading within a Channel Down on 1D and has just priced a Lower High (RSI = 45.995, STOCH = 49.898, MACD = -0.005, Highs/Lows = 0). We are short with one simple TP set: 0.6800 and 0.6700.
XAUUSD bounced nicely off its support at 1193(100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1204 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is bounced off its support at 5.6% where a corresponding rise could occur.
Buy ideas-------> After complition of cypher and confirm past support once more,it will be oversold so that is where u should enter *possible bounce to ressistance scenario is at blue support line so do not rush,wait for it.....*
AUDCHF Bearish Continuation Waiting for the breakout of the previous low. Details are on the chart. Happy Trading!
The US Dollar Index hourly chart continues to consolidate between 94.40 and 95.60 levels for now. The index is trading around 94.90 levels at this point in writing and could drop to 94.75/80 during intraday, before turning higher again. Please note that structurally, the US Dollar Index would require to break below 94.80 and 94.40 levels to confirm that a...
Dow Jones daily chart view has been presented here again after few trading sessions. Looking at the wave structure, the indice could be still working on a potential flat A-B-C at least. Please note that Dow has remained almost unchanged since past few trading sessions and could be possible that a potential top is in place at 26150 levels. Also note that a standard...
AUD/CHF Bias Bearish - Price has breached major trendline support at 0.70 - Momentum studies are highly bearish - Bollinger Bands on weekly charts are widening - MACD supports trend lower Support levels - 0.6805 (78.6% Fib), 0.6752 (Feb 2016 low), 0.67 Resistance levels - 0.6964 (5-DMA), 0.70, 0.7108 (21-EMA) Stay short on upticks, SL: 0.7108, TP: 0.68/ 0.6755
Lining up on the weeklys and monthly closures we see this pair potentially getting ready for downward continuation. 130.000 could still be tested to release selling pressure but overall i am looking at shorts.
AUD/CHF extends grind lower along 5-DMA, hits 2-year lows at 0.7130. Technical analysis supports bearish bias, we see scope for further weakness. Upside remains capped at 5-DMA and major moving averages are sloping downward. Momentum studies are highly bearish, RSI biased lower and below 50 levels. Price is falling in a downward sloping channel and next major bear...
Still bearish in AUD in general despite their new PM because of risks from US-China trade war, and slightly bullish in CHF for the same reason. Entered a short stop order with conservative SL between 0-38.2 fib lines and TP @0.71428 (weekly support). www.poundsterlinglive.com www.dailyfx.com www.forexcrunch.com Daily: Weekly: Confidence: B (because of...
AUDCHF is approaching our first support at 0.7149 (horizontal swing low support, 50%, 61.8%, Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7288 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement, 100% Fibonacci extension) Stochastic (89,5,3) is...
AUDCHF is approaching our first resistance at 0.7278 (horizontal pullback resistance, 50%, 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 0.7152 (horizontal swing low support, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bearish bias...
EURUSD approaching resistance, potential drop!