AUD, NZD & CAD: The biggest mover among the three high beta majors was the CAD which showed a fairly big increase in net long positioning of +10K. What is even more interesting about this is that it occurred before the BOC meeting on Wednesday, which means this Friday’s data should show yet another big increase in positioning after the hawkish tilt from the...
GBPAUD after the bounce over the support area at the 1.77500 moved with an impulse exactly at the 0.618 Fibonacci retracement where the market started an inversion. According to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure...
Prices are facing bearish pressure from horizontal swing high resistance in line with 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support in line with horizontal swing low support, 127.2% Fibonacci extension, and 161.8% Fibonacci retracement. If prices push higher, prices might face resistance from 1st resistance in...
Prices are facing bearihs pressure from pullback resistance, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension . Prices might push down towards 1st support which is in line with 78.6% Fibonacci retracement and horizontal swing low support. If prices push up further, prices might face resistance from 78.6% Fibonacci retracement and 78.6%...
Prices are facing bearihs pressure from pullback resistance, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. Prices might push down towards 1st support which is in line with 78.6% Fibonacci retracement and horizontal swing low support. If prices push up further, prices might face resistance from 78.6% Fibonacci retracement and 78.6%...
1.800 needs to break, missed 61.80% entry at London open. 15 min entry.
Price is facing bullish pressure from our first support in line with our 61.8% fibonacci retracement, horizontal pullback support and 127.2% fibonacci extension where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
AUD, NZD & CAD: Positioning data for the AUD, NZD and CAD updated until the 13th of April still shows more room to run to the upside for the three high beta commodity-sensitive FX majors, even after the recent push higher in the likes of the NZD and AUD. For this week the majority of the attention will turn towards the Canadian Dollar where we will have the...
This pair as broken then ascending correction with an impulse. We cans see that this pair has made multiple flags on the way down. Simply wait for another bear flag and enter. We are heavily bearish on the GBP so this would be a good trade. 400 pips atleast!
This pair as broken then ascending correction with an impulse. We cans see that this pair has made multiple flags on the way down. Simply wait for another bear flag and enter. We are heavily bearish on the GBP so this would be a good trade. 400 pips atleast! Goodluck and trade safe!
selling opportunity will come around after retest of broken trend line .entry around the horizontal red line
wait for the pullback to the 61.8 fib and than let bearish momentum to continue the down trend
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.9672). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPAUD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
GBPAUD is facing bullish pressure from ascending trendline support which is in line with horizontal pullback support, 50% Fibonacci retracement and 78.6% Fibonacci extension . Prices might push up towards horizontal swing high resistance which is in line with 78.6% Fibonacci retracement . If prices fall through 1st support, prices might take support from...
GBPAUD is facing bullish pressure from ascending trendline support which is in line with horizontal pullback support, 50% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which is in line with 78.6% Fibonacci retracement. If prices fall through 1st support, prices might take support from horizontal...
Price is approaching our support in line with our ascending trend line where we could see a further upside above this level. 20 EMA and Ichimoku cloud are showing signs of bullish pressure as well.
Price is approaching our support in line with our ascending trend line where we could see a further upside above this level. 20 EMA and Ichimoku cloud are showing signs of bullish pressure as well.