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 could 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 could occur.
Sell 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)...
Sell 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...
Buy above 0.6540. Stop loss at 0.6522. Take profit at 0.6572. Reason for the trading strategy (technically): NZDUSD bounced nicely off its support at 0.6540 (61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6572 (61.8% Fibonacci retracement). Stochastic (89, 5, 3) is bounced off its support at...
please see the chart for the long on FX:CADCHF see my other cad chf analysis also. thanks
The Tidal Shift Strategy has just bought EURUSD at 1.1638. The system recommends entering this trade at any price between 1.16215 and 1.16545. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.68557, which suggests that the EURUSD could be trending upwards.The 14-period...
The EURUSD short term wave structure is getting quite clear as each trading session passes. The pair has inched higher and hit 1.1700 levels yesterday before slight pullback. Going forward, bulls could be expected to remain in control and a safe trading strategy could be to buy on dips. We just want to highlight the alternate wave count/structure, if Wave B is...
The AUDUSD took off resistance yesterday and printed highs at 0.7229 levels before pulling back lower. The structure is looking constructive for bulls to accelerate from here and could be possible that a meaningful low is in place at 0.7098 levels. Looking at the wave counts as well, probably an impulse is now looking complete from 0.8130 levels to 0.7098...
AUDJPY reversed off its resistance at 80.65 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 79.77(61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
Sell below 74.11. Stop loss 74.50. Take profit at 73.19. Reason for the trading strategy (technically): NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 73.19 (50% Fibonacci retracement, horizontal overlap...
Sell below 80.65. Stop loss at 81.12. Take profit at 79.77. Reason for the trading strategy (technically): AUDJPY reversed off its resistance at 80.65 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 79.77(61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal...
Sell below 1.8256. Stop loss 1.8320. Take profit at 1.8172. Reason for the trading strategy (technically): GBPAUD is approaching its resistance at 1.8256 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.8172 (61.8% Fibonacci retracement, horizontal pullback support)....
CADCHF is testing its resistance at 0.7410(100% & 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.7320(horizontal swing low support) could occur. Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop could occur.
Sell below 0.7410. Stop loss at 0.7477. Take profit at 0.7320. Reason for the trading strategy (technically): CADCHF is testing its resistance at 0.7410(100% & 61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.7320(horizontal swing low support) is expected. Stochastic (55, 5, 3) has...
CADCHF is approaching our first resistance at 0.7401 (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.7251 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish...
CADCHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price could bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce could occur.
Buy above 0.7394. Stop loss at 0.7338. Take profit at 0.7484. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback...
Either bounce to retest the green channel or break down to the yellow channel.