Fallingtrendline
AUDNZD Analysis: Price at the trendlineThe price has been following both an ascending channel and a falling trendline.
It has previously respected the trendline for four times and has come to test it for the fifth time.
If it bounces off then it will be a good sell opportunity.
Breaking of the trendline will invalidate this idea.
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HYG stock price forecast timing analysis. 13-JunStock investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: In the midst of an adjustment trend of downward direction box pattern stock price flow marked by limited rises and downward fluctuations.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
Possibility of change in forecast timing: Forecast timing has become high variability conditions. because the flow of supply - demand has changed, and the supply - demand linkage is unstable.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 0.1% (HIGH) ~ 0.0% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 0.3% (HIGH) ~ -0.1%(LOW), 0.3% (CLOSE)
%AVG in case of falling: 0.1% (HIGH) ~ -0.2%(LOW), -0.1%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Read more a detailed Forecast Analysis Reports that candlestick shape and %change, S&D strength flow in the future 7 days.
www.pretiming.com
EURUSD Short - Resisted and Broke Rising TrendlineThis is a continuation of my previous forecast on 18th March to short the EURUSD.
As per forecast, the price has climbed to the supply zone and was resisted by a falling trendline at the same time
And just recently, the price made an attempt to break below the rising trendline, bringing up the probability of a reversal from the top.
Somehow, this does not give confirmation as long as the price has not broken new low which is at least below 1.1320.
However, given that this is a high risk-reward trade and now is probably the best entry price, it would definitely worth to take at least a small risk.
EURUSD Short - Supply Zone and Falling TrendlineEURUSD moved quite and not quite what we've expected based on our weekly forecast.
The price broke higher but without some kind of retracement which we thought it would since it failed to break 1.133 last week.
Since the price climbed early, it is about to face strong resistance in a supply zone coupled with a falling trendline.
Let's wait patiently for the price to reach 1.136 or beyond and look for reversal signal to short.
EURUSD Short - HnS after Resisted by Falling TrendlineA HnS formation is forming after the price was rejected by a falling trendline.
Although we have witnessed a major retracement from the dollar last week, a huge portion was recovered on the last trading day.
The dollar index managed to close with a bullish candlestick after a failed double top.
Let's not forget that the dollar is still the dominating currency in terms of the current diverging monetary policies that every major central bank is adopting compared to a hiking Fed.
As long as EURUSD does not break above 1.1420, the probability of a successful HnS will be high, which may even lead to the breaking of a new low.
AUDUSD Short - AB=CD Completed at Falling TrendlineAlthough the technical setup is pretty good to short AUDUSD, the fact that bullishness of the rebound from its all times low contradicts the idea of selling.
Nevertheless, if the stop loss can be tight enough to short just the retracement of a strong reversal, there are still profits to be made.
AUDUSD has gained close to 90 pips in a day, and it is extremely rare to see the volume goes beyond 100 pips.
In other words, you can expect a retracement from today's bulls very soon, and thus an opportunity to make a profit.
NZDUSD Short - Falling Trendline, Supply Zone @ 618NZDUSD has retraced for the half of today's trading session and is seen resisted at its previous high around 0.6555.
A double top is then forming, signaling for the price to fall further.
The price was also resisted within a supply zone @ 618 just below a falling trendline.
AUDUSD - Completion of AB=CD @ Falling TrendlineLike NZDUSD, AUDUSD has retraced significantly for the past one week.
An AB=CD formation is about to complete at a falling trendline based on a daily chart.
The dollar may weaken further, but there's a strong demand zone near 94 which may give the dollar a strong rebound, and that would probably cause AUDUSD, as well as NZDUSD, to drop fast as a result.
AUDUSD - Retraced as China CPI, Selling OpportunityThe Aussie is most likely to make a retracement as China CPI performed well this morning, setting a slightly bullish tone for the Asia market.
I am expecting the price to retrace back to 0.716, a supply zone combined with a falling trendline and FR61.8%.
The dollar is most likely to perform better this week as NFP employment change outperformed the forecast.
The market is also becoming more confident that the Fed may raise rate twice this year, including the hike this month which is pretty much guaranteed.
Therefore, the retracement that might or is about to happen for AUDUSD could be a very good opportunity to go in for a short again.
GBPUSD - Falling on Falling TrendlineA falling trendline has brought GBPUSD tumbling over and over again since the beginning of August.
Will the price continue to fall along with the trendline or will it break away from it?
No idea, really. I am just trading what I see.
Dollar is gonna be very bullish this week, pound has been under pressure of brexit negotiations, there's still much space on the downside...