The Tidal Shift Strategy has just bought EURCHF at 1.14157. The system recommends entering this trade at any price between 1.14036 and 1.14278. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.24685, which suggests that the EURCHF could be trending upwards.The 14-period...
With a big H&S at the high with the target still not reached, i think we can see some upwards movement on the short term to retest that neckline again before making another big drop. So patiently waiting for that neckline (red zone) to get tested again, if that happens it will have formed a wedge. Not just enter the trade when it hits that zone, first wait...
The Tidal Shift Strategy has just bought EURCHF at 1.14157. The system recommends entering this trade at any price between 1.14036 and 1.14278. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.24685, which suggests that the EURCHF could be trending upwards.The 14-period...
The Aussie Dollar had dropped lower towards 0.7021 levels on Friday before reversing sharply above 0.7100 levels, almost taking out initial price resistance. We are bringing the AUDUSD chart after quite a few days to highlight that this could be the first impulse wave we have been waiting for, at a lower degree. Looking at the wave structure, the AUDUSD pair might...
This pair is probably one of the best shorts at the moment, with many bearish factors lining up. Firstly, if you zoom out, you can see that it recently completed a bearish H&S reversal pattern, and after a successful breakdown, the price has now come back to test the breakout point. Second, the breakout point is now a support turned resistance. Lastly, prices...
The pair has broken out of the descending channel on the H4, so i think it's a good time to sell. Do your own analysis.
USDCAD is approaching its resistance at 1.3119 (100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse to its support at 1.3001 (100% Fibonacci extension, 38.2% Fibonacci retracement horizontal overlap support). Stochastic (89, 5, 3) is approaching its resistance at 99% where a corresponding...
We are presenting a short term (hourly chart) wave counts today, after having seen the daily charts earlier. Please note that Dow has broken below its immediate line of support on the hourly view, and it has also taken out initial support at 25000 levels before pulling back. The indice is seen to be trading around 25700 levels at this point in time and is expected...
The Tidal Shift Strategy has just sold EURCHF at 1.14436. The system recommends entering this trade at any price between 1.14314 and 1.14559. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.18832, which suggests that the EURCHF could be trending downwards.The 14-period...
USDJPY is approaching its resistance at 112.828 (61.80% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 112.419 (50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
We have presented the daily chart for DAX to display how the Head and Shoulder projected earlier is progressing well towards 10200/300 levels. Looking into the wave structure, the index could be working its wave (3) within the impulse wave or at least wave (C) lower. Please note that probability of an impulse remain higher since highs made at 13600 levels earlier....
EURCHF bounced nicely off its support at 1.1420 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1488 (61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support at 7.7% where a corresponding rise could occur.
The AUDUSD pair remains bullish for the medium term and bulls could be poised to push higher towards at least 0.7370 levels, going forward. Looking at the overall wave structure, the AUDUSD might be producing an expanded flat correction after having completed a 5 waves impulse drop at 0.7085 levels earlier. A probable wave count has been depicted here, which could...
Gold seems to be progressing swiftly towards $1250/70 levels for now. Let us have a re-look of the story unfolded until now. The yellow metal has been projected to be within a 3 wave counter trend rally since the lows formed at $1160 levels earlier. Within the above medium term bullish wave structure, Wave A and a complex corrective Wave B terminated at $1216 and...
Gold breaks higher above $1208/09 levels and also takes out interim resistance at $1216 levels yesterday, in flash. The yellow metal is seen to be trading around $1218 levels at this point in writing, after printing highs at $1227/28 levels. Please note that $1215/16 levels would not turn into support levels for any corrective drops from here. Looking into the...
After grinding sideways along strong support at 55-EMA, the pair has resumed upside. Price action has broken out of daily cloud raising scope for further gains. Technical indicators support upside in the pair. We evidence bullish divergence on RSI and Stochs. Price has broken above 23.6% Fib and next immediate resistance lies at 38.2% Fib at 1.1498 ahead of...