A bearish signal on EUR-CHF with the target in the area 1.1215/1.1220 and the stop loss at 1.1480/1.1485.
had a stop run and also retest of the block. trill the stoploss all the way down.
Hi there. Price is forming a continuation pattern to the downside, but it looks like one more up move is possible. If so, wait for the price to hit the top of the pattern and watch strong price action for sell. CHF gonna get strength, if not this week maybe next week. So probably we may see a fall and not one more up move on the bigger continuation pattern. We are...
The US Dollar Index has rallied past 96.70 levels, above our expectations and has print highs at 96.93 levels for now. Please note that the US Dollar Index has carved a potential lower high below 97.20 levels and could possibly reverse from here. We shall remain open to any alternate scenarios according to price action but the index maintains its bearish structure...
AUDUSD reversed off its resistance at 0.7295 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 0.7201(38.2% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
The Dow Jones continues to print higher highs for now, as Wave C progresses within A-B-C corrective rally, as discussed earlier. Please note that wave C would be equal to wave A around 26500 levels and also the fibonacci 0.786 resistance is seen through 26350 levels, indicating a pretty close convergence. We are now changing our stand fro neutral/bullish to...
XAUUSD is approaching its support at 1211.93 (50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1238.06 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 7% where a corresponding bounce could occur.
The hourly chart presented here is indicating that Dow Jones could be into wave C rally of the projected A-B-C corrective rally that began from 24100 levels, on October 29, 2018. Believe it or not, the corrective rally has unfolded and is progressing pretty as projected earlier and resistance might be strong around the 25800/26000 levels going forward. It would be...
The Trend Follower Strategy has just bought EURCHF at 1.14613. The system recommends entering this trade at any price between 1.1451 and 1.14717. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.52557. This suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is...
AUDCAD is testing its resistance at 0.9519 (61.8% Fibonacci extension, 38.2% & 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.9371 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is testing its resistance at 96% and there may be bearish divergence with...
USDJPY is approaching its resistance at 113.82 (61.8% Fibonacci extension, 76.4% Fibonacci retracement) where it could potentially reverse down to its support at 113.08 (61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Channel Break , wait for signal Dont risk what you can afford to lose. Be careful its Mid Term Elections. Expect volatility..
So far it has been moving as suspected, getting closer to my entry zone. Many of my followers have been asking me why i did not go long on this expected move up. Well that is quite easy to answer: In this case i am HOPING it moves up, so it can retest the neckline of that H&S again and forming this possible bearish wedge. Purely because i am hoping, i won't...
The hourly chart for US Dollar Index is suggesting that the index could have formed a major top at 97.20 levels last week and could be accelerating lower towards 94.70 and further. Looking into lower degree wave counts, wave i and potential wave ii seem to be in place at 96.00 and 96.60 levels respectively. Please note that wave ii could print slightly higher than...
CADJPY is approaching its resistance at 86.67 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 85.76 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
EURCHF is approaching our first resistance at 1.1451 (horizontal overlap resistance, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.1412 (horizontal swing low support, 61.8% fibonacci extension, 38.2% fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and we might see a...
GBPAUD is approaching its resistance at 1.8194 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.7947 (76.4% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.