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NZDUSD Approaching Resistance, Prepare For ReversalSell below 0.6717. Stop loss at 0.6765. Take profit at 0.6635. Reason for the trading strategy (technically): NZDUSD is approaching its resistance at 0.6717 (100% Fibonacci extension, 38.2%, 61.8%, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6635 (38.2% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding drop is expected.
Short
by theforexarmy
AUDJPY appears overboughtThe Congestion Opportunities Strategy has just sold AUDJPY at 82.232. The system recommends entering this trade at any price between 82.056 and 82.408. The signal was issued because the 28-hour Relative Strength Index indicates that the AUDJPY may be overbought, while the Speculative Sentiment Index reading of 1.396 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.703, so the stop loss has been set at 82.935. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Signal ID: 58963 Time Issued: Friday, 21 September 2018 04:00:15 GMT Status: open Entry: 82.056 - 82.408 Limit: N/A Stop Loss: 82.935
Short
by FXCM
AUDUSD Testing Resistance, Prepare For ReversalSell below 0.7315. Stop loss at 0.7364. Take profit at 0.7223. Reason for the trading strategy (technically): AUDUSD is testing its resistance at 0.7315 (100% Fibonacci extension, 76.4% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.7223 (38.2% Fibonacci retracement, horizontal pullback support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop is expected.
Short
by theforexarmy
NZDUSD Testing Resistance, Prepare For ReversalSell below 0.6719. Stop loss at 0.6768. Take profit at 0.6622. Reason for the trading strategy (technically): NZDUSD is testing its resistance at 0.6719(100% Fibonacci extension, 50% & 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6622(38.2% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected.
Short
by theforexarmy
EURUSD Testing Resistance, Prepare For ReversalSell below 1.1781. Stop loss at 1.1937. Take profit at 1.1607. Reason for the trading strategy (technically): EURUSD is testing its resistance at 1.1781 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 1.1607 (38.2% Fibonacci retracement, horizontal swing low support) is expected. Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding drop is expected.
Short
by theforexarmy
AUDUSD potential Wave C or 3 progressing towards 0.7370The AUDUSD short term story remains intact for now with bulls in control since 0.7140 levels. It was expected and discussed earlier that the pair could be setting up a decent rally projected through 0.7370 levels, which also converges with earlier price resistance. Looking into the wave structure, it seems that Wave 3 or C is well into progress at this point and could even push higher towards 0.7370 before producing a meaningful pullback. A safe trading strategy from here could be to remain long and look for intraday dips to add further positions. It could be a better strategy to reduce risk to 0.7140 levels now. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
AUDJPY Approaching Resistance, Potential For A ReversalAUDJPY is approaching its resistance at 81.82(100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 80.73 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur. We have also identified a bearish divergence with price that contributes to our bearish bias.
Short
by ICmarkets
AUDJPY Approaching Resistance, Prepare For A ReversalSell below 81.82. Stop loss 82.77. Take profit at 80.73. Reason for the trading strategy (technically): AUDJPY is approaching its resistance at 81.82(100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 80.73 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal is expected. We have also identified a bearish divergence with price that contributes to our bearish bias.
Short
by theforexarmy
AUDUSD Reversed Off Resistance, Prepare For Further DropSell below 0.7227. Stop loss at 0.7265. Take profit at 0.7144. Reason for the trading strategy (technically): AUDUSD reversed off its resistance at 0.7227 (61.8% Fibonacci extension, 50%, 38.2%, 23.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.7144 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 94% where a corresponding drop is expected.
Short
by theforexarmy
Possible trend shift in AUDUSD – going longThe Tidal Shift Strategy has just bought AUDUSD at 0.72152. The system recommends entering this trade at any price between 0.72008 and 0.72296. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.5391, which suggests that the AUDUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00115, so the stop loss has been set at 0.71576. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 58886 Time Issued: Tuesday, 18 September 2018 07:00:17 GMT Status: open Entry: 0.72008 - 0.72296 Limit: N/A Stop Loss: 0.71576
Long
by FXCM
1
AUDUSD bounces from 0.618 support at 0.7140The AUDUSD rallied from 0.7140 levels as expected yesterday, which is the fibonacci 0.618 support of the previous rally, labelled as Wave A or 1 on the chart. If this wave structure holds for now, we could expect a continued rally through 0.7370 levels from here as potential Wave 3 or C unfolds. On the other hand if a more complex correction occurs, we could see prices turning lower and testing 0.7140 levels again before resuming rally. In general, AUDUSD could remain a potential buy until prices stay above 0.7080 levels going forward and a safe trading strategy could be to add on dips towards 0.7140 levels again. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
1
Gold rally intact above $1187/88 levels ?Gold sideways story continues with recent wave counts are unfolding into probable corrective waves since the lows formed at $1187/88 levels. If Wave C is already in progress, prices would probably stay above $1193 levels, and Gold could continue higher as a potential ending diagonal structure for Wave C. In this case, we can expect the next stop for Gold -0.28% to be above $1215 levels. An an alternate count, a break below $1193 levels, could indicate that $1185 levels still remain possible. In either case, a safe trading strategy could be to remain long and add further on dips. Overall bullish scenario could be suggesting $1270 levels, going further. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
FX_IDC:XAUUSDLong
by FXTM
1
US Dollar Index 95.70 resistance intact for nowThe US Dollar index lost all its ground covered on Friday, and trades around 94.40 levels again at this point in writing. Please keep the bigger picture in mind for US Dollar Index which is pointing towards 91.50/92.00 levels going forward. Maybe possible that Wave C lower is progressing sooner than expected. For now, resistance stays at 95.70 levels and bears are expected to remain in control till prices stay lower. Looking at the wave counts, Wave B probably terminated at 95.70 levels but we still keep the alternate count open for a quick rally towards 96.00 levels. A safe strategy could be to remain/add on the short side. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
1
GBPUSD Reversed Off Resistance, Prepare For Further DropSell below 1.3164. Stop loss at 1.3221. Take profit at 1.3065. Reason for the trading strategy (technically): GBPUSD reversed off its resistance at 1.3164 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.3065 (horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
Short
by theforexarmy
NZDJPY Approaching Resistance, Prepare For A ReversalSell below 74.13. Stop loss 74.47. Take profit at 73.15. Reason for the trading strategy (technically): NZDJPY is approaching its resistance at 74.13(61.8% Fibonacci extension x2, 38.2%, 61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 73.15 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.
Short
by theforexarmy