Heavy cluster area trading for this pair - institutional order flow. Current daily bounce close to reach next daily bullish target shown
GBPCHF has traced out a bearish formation. Today's upward price is viewed as correction in downtrend boosted by minor economic news and trader emotions. Wave 4 of previous impulsive wave has been breached (falter zone shown) and also we identified structural resistance into which price traded last week before embarking on the current pull back. We are holding...
EURUSD pair traded into structural resistance Wednesday 17th of May 2017. Our view is now neutral. However it is worth noting that should resistance level at 1.12676 be taken out by price on a daily close basis, we believe it will be strong grounds to expose 1.14602 level trading inside resistance box shown. Above 1.14602 area will signal the beginning of the end...
AUDJPY is still bullish in our view. Current price action appears to be locked within a bear trap and sideways moving price action. We believe price could most likely move further sideways to form a well defined triangle at corrective wave E of (4) in the 1 hour chart before price consolidation and price rally could begin. However we need a daily price close or...
CADJPY has hit strong structural resistance on bigger time frame as expected and gave up some ground to the upside last week. However, our bias is to the downside and we are looking at price as it is currently locked within bigger support and resistance box shown. Any 1 hour period price close below second support box shown over 4 hours should open up...
CADJPY seems to be powering up today in green candles but we think price structure may have hit strong structural resistance per chart shown. We will be looking for a daily close below red support line shown for resumption of down trend towards 80.104 first. Further break and close below there should open up 78.131 and further price close below 78.131/77.319...
NZDCAD pair appears to have traced out what looks like a bull trap as very large corrective structure seems to still be unfolding. Current price action is proving any further advance is under pressure, at least in the near term, and our bias is now turned bearish for now. We will be looking for any price close below upward sloping blue trend-line as well as...
AUDCAD has what looks like a bearish bias. However, further movement is structured to be choppy and we await break of 1.00745/1.00576 support confluence zone to confirm short positions till 0.99188/0.98880 confluence target. Further penetration of later support zone and black upward sloping trend-line support @ 0.98074 will open up targets to 0.96482 support zone .
USDJPY is now @ critical resistance zone shown by confluence resistance zone. Interesting candle formation currently underway. However we need a daily close below blue resistance turned support trend line to confirm definite further decline and a bearish continuation of former trend which began on the 4th of January 2017.
Daily Technical Analysis Friday, March 10, 2017 New NFP report RELEASE Today! Will the US jobs report give proper signal on a March hike? Will the NFP shows some aggressiveness on EURUSD?
CADCHF wave count now has a different outlook from the bearish one posted at weekend. Corrective triangle structure seems to be valid as well as the price extension outside corrective pattern. Possible buy orders could be seen at current levels to new highs. However we will wait for price to close inside triangle pattern again to open any long positions
www.tradingview.com CADCHF has traced out a further bearish structure or break-out formation from what looked like a bullish converging triangle forming. Current target is at 0.74214. Below that level focus will fall on 0.72750.
AUDJPY has behaved exactly as expected and began a correction move we identified as wave 4 of (5) on the 16th of February 2017 to the 24th of February 2017 from 87.050 to 85.930 respectively. However, the outlook is that downward correction @ 85.930 constitutes the end of wave 4 of (5) and upward trend is about to resume. Thus a daily price close above downward...
bit.ly Our intra-day outlook for NZDUSD is currently neutral at this point. Price is currently forming under 50-day moving average but downside momentum is greatly inhibited with what looks like a bullish hammer candle forming. We prefer to see daily price close below 0.71353 minor resistance turn support upon which 0.70066 support area will be next target....