FTSE - Daily Key ElementsThese are the key levels to look out for on the FTSE. We have identified a channel that price is approaching. Please refer to our 4hr chart for a strategic view!
GBP-EUR
The US Dollar Index might have topped around 96.12The US Dollar might have placed a meaningful top at 96.12 levels yesterday, before reversing sharply lower. It is too early to begin wave counts but at a lower degree, potential waves i and ii could be in place (not shown). If the short term structure stays, we could see a sharp decline from current levels towards 94.94 and further. Looking at the medium wave structure, the bearish outlook could still remain intact and prices are expected to drop towards 92.00 and 91.50 levels respectively. Also note that the index has responded at the fibonacci 0.618 resistance around 96.00 levels hence bearish resumption probabilities remain for now.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Gold bullish above $1180 for nowGold structure is suggesting that the medium term bullish outlook could be underway towards $1250/70 levels. The yellow metal seems to be pulling back for now, after printing highs at $1208 levels yesterday. Ideally prices could remain above $1192 (to produce an impulse wave), and broadly above $1180, to keep the recent structure intact. The next resistance is seen at $1212, followed by $1216 levels and bulls could be looking poised to take them off, going forward. Overall, the medium term wave structure could be looking to carve a Zigzag correction towards $1250/70 levels.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
US Dollar Index tests above 96.00 levels.The US Dollar Index has exceeded 96.00 resistance as discussed as a probability earlier. It is seen to be trading around 96.10 levels at this point in time and could be close to producing a bearish reversal soon. Finally, the expanded a-b-c wave structure could be complete and Wave B of one larger degree could be in place at the fibonacci 0.618 resistance zone of earlier drop as seen here. If you are looking to take fresh short positions you could wait for a bearish reversal candlestick pattern as a confirmation. More conservative approach could be to wait until prices break below 95.30, initial support. The US Dollar Index could unfold its medium term bearish outlook soon.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
US Dollar meets minimum expectations at 95.70The US Dollar Index has now rallied almost 200 points and has met our minimum projected expectation at 95.70 levels yesterday. Believe it or not, the short term rally that was anticipated could be complete at 95.75 levels, or very close to termination. Looking at the wave structure, an expanded flat corrective a-b-c also looks to be potentially done. If this count holds true, prices may remain below 95.80 levels and continue to drift lower below 93.80 levels going forward. A safe trading strategy could be to remain short until prices remain below 97.00 levels.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
AUDUSD carving Wave B one degree higher ?We are changing the labeling on the hourly chart view here for AUDUSD . The entire rally between 0.7085 through 0.7320 levels could be labeled as Wave A or 1 of one higher degree. The subsequent drop from yesterday's highs could be suggesting that Wave B (or 2) progress is under way lower towards 0.7160/80 levels, before Wave C could resume higher towards 0.7370/80 resistance. If this count holds to be true, we could see a higher low being carved out around the fibonacci 0.618 support around 0.7160 levels before bulls could take control. Overall, AUDUSD medium term structure remains bullish , till prices stay above 0.7085 levels broadly.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
US Dollar Index clears line of resistanceThe US Dollar Index has broken above its line of immediate resistance depicted on hourly chart here. The index is seen to be trading around 94.50 levels at this point in writing and could be targeting 94.80/95.00 resistance zone immediately. Structurally, the US Dollar Index could be well under its way to carve an expanded flat a-b-c (not highlighted here), eventually forming Wave B of a larger degree. If the above count holds well, we could see Wave B termination point towards 95.70 or 96.00 levels going forward. Please note that the medium term structure still remains bearish , but a short term rally could complete Wave B. We remain neutral for now.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
US Dollar Index hints at a potential rally; 94.80 could give up?The US Dollar Index is seen to be oscillating within a narrow trading range between 93.90 and 94.40 levels. Looking at the recent consolidation structure, a wedge with increasing supports is seen to be potentially forming at the moment in writing with prices at 94.15/20 levels. A break on either side of the wedge could be expected to be really sharp, with a slight edge towards a north side break. If this count holds to be true, the US Dollar Index could be seen rallying sharply towards 94.80 (initial resistance) and taking it off with ease. We would not be surprised to see prices towards 95.70 levels as well in the extreme short term. A safe trading strategy could be to short at higher levels.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
AUDUSD could be at support now around 0.7240 levelsThe AUDUSD has dropped exactly to the fibonacci 0.382 support at 0.7240/45 levels, as discussed as a probability yesterday. The currency pair is expected to find support around these levels for now, with a short term support trend line also passing very closely. If the above structure olds well, we could see AUDUSD pushing higher towards 0.7370 levels, which is fibonacci 1.618 levels for Wave 1 or A as depicted on the chart view here. On the other hand, a drop below 0.7200 levels consistently, could indicate that AUDUSD could be producing a 3-3-5 corrective wave structure going forward. We shall bring forth the counts as waves progress.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
AUDUSD corrects towards 0.7240/50, higher now ?The AUDUSD has corrected lower, as discussed on Friday. It is seen to be trading around 0.7250/52 levels at this point in writing and could drop to 0.7240/45 levels before turning higher again. Please note that 0.7243 is the fibonacci 0.382 support of the rally between 0.7140 and 0.7300 levels (not shown on the chart). Looking at the wave structure, AUDUSD could be well into wave 3 or C progress for now and if this should hold, prices are expected to remain above 0.7200 levels for now, and push higher towards 0.7370 levels going forward. We would like to maintain our stand towards the bullish side from here on.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
$DOLLAR INDEX (DXY) - SHORTS?Direct message if you have any questions regarding trading. Happy to help everyone out!
Possible trend shift in USDCHF – going shortThe Tidal Shift Strategy has just sold USDCHF at 0.96508. The system recommends entering this trade at any price between 0.96396 and 0.9662. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 4.2451, which suggests that the USDCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00089, so the stop loss has been set at 0.96954. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 58828
Time Issued: Friday, 14 September 2018 03:00:17 GMT
Status: open
Entry: 0.96396 - 0.9662
Limit: N/A
Stop Loss: 0.96954
EUR/GBP Aug 2018 (Bears can claw back in)This will be my views of EUR/GBP (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
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The pair is recoveringReflecting from the 1.27 mark, the pair began to recover and has now overcome level 1.28. Most of the indicators point to a sale, but we believe that if the price is fixed above the mark of 1.28, the upward movement will continue.
We advise you to wait for the next candle with confirmation and to look for points to enter long positions. The upper bounds are located at the levels of 1.2860 and 1.2950
AUDCAD Testing Major Support, Look For The BounceBuy above 0.9737. Stop loss at 0.9698. Take profit at 0.9809.
Reason for the trading strategy (technically):
AUDCAD is testing major support at 0.9737 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.9809 (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing strong support above 5.8% where a corresponding bounce could occur.
EURGBPIndecision for EURGBP pair, still in a consolidation phase, but lately it formed an ascending triangle pattern which is very bullish but we need to see a breakout. We need to be patient until we see that breakout; if it falls under the lower trendline it means that bullish momentum is falling and probably we will see a bearish move.
USDCHF has broken out of major support triggering a bearish dropUSDCHF has finally broken our support-turned-resistance at 0.9831 triggering a strong bearish drop from here. We are aided by strong bearish momentum from our bearish channel and our bearish Ichimoku cloud.
We are waiting for some strength to push prices back up to resistance at 0.9831 (Fibonacci retracement, horizontal pullback resistance, breakout level).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDJPY approaching strong resistance, watch for the reaction!USDJPY is approaching strong resistance at 110.61 (Fibonacci extension, horizontal pullback resistance, Fibonacci retracement, Elliott wave structure) and a strong reaction could occur at that level push price all the way down to major support at 109.38 (Fibonacci retracement).
Stochastic (55,5,3) is seeing major resistance below 97% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURGBP Short Setup on the 4HR ChartTrade what we see:
EURGBP has a nice neckline with the overall weekly chart support around the 0.8589 mark.
This neckline has now been broken and I will be short on this pair.
Using Fib as a protection for stop level.
