Looking to take advantage of yesterday's GBP bullish session Monthly and Daily are bearish Anticipating a move down to test the lows Entry is 5 pips below the breakout candle at 1.8774 Stop =1.8818 Risk = 44 pips PT = 1.8670
GBPNZD - price has breached ascending channel , looking for price to continue to the down side
EURJPY bounced nicely off its support at 127.49 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 129.80 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off its support at 3.7% where a corresponding...
- Price action has slipped below 200-DMA and daily cloud - Breaks major trendline support at 1.9315 - Momentum studies bearish, RSI sharply lower - MACD supports downtrend and ADX is rising in support of the trend Data Watch: - UK employment data (Tue) - UK CPI inflation (Wed) - UK Retail Sales (Thur) Support levels - 1.9087 (88.6% Fib), 1.90, 1.8909 (June 5...
CADCHF is approaching its support at 0.7588 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7636 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
Sitting at weekly support. Looking at a possible Fibonacci pulback and breakout if price closes above daily trendline. I think the NZD needs to take a breath after a few weeks of strength giving the pound a chance to take over for a little while. Because of the bearish momentum, Stop is set tight and if the weekly level doesn't hold I am expecting a deep fallout...
GBPNZD has triggered a head and shoulders pattern. In addition, price has just broken through a horizontal rectangle for a continuation trade. Clear structure to place stops above. Target shown at the 1.89 area. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not...
The euro approached the lower boundary of the channel and its breakdown turned out to be false. Further developments will of course be tied to the volatile news, which this week is enough. But at the moment it can be said that an unsuccessful test of the channel boundary will lead with a high probability to an attempt to rebound. With a high volatility, this will...
The pair is in a downtrend since 10th Oct after hitting multi-month highs of 2.047. Price action is currently holding support at 110-EMA at 1.96, break below will see resumption of weakness. Next major support lies at 61.8% Fib at 1.9505 ahead of 1.93 (major trendline support). Rejection and bounce off 110-EMA eyes immediate resistance at 1.9761 (55-EMA) ahead of...
GBPNZD is approaching its support at 1.9593 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.9881 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 3.7% and there may be bullish divergence with price,...
Bullish reversal pattern at Kumo cloud support. Stochastics confirms the long position. Price trends in bullish market - above 200 EMA.
Expectations of a Brexit deal remain high. price at an area of support we expect some upside. comment what you think.
GBPNZD is approaching our first support at 1.9621 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 2.003 (horizontal swing high resistance, 50% Fibonacci extension). Stochastic (55,5,3) is approaching support and we might see a...
GBPNZD turned out to be a great market to be short in as the NZD strength intensified combined with negative GBP CPI data. Looking at the technicals for continued downside the support we marked out on the previous chart should now become resistance and will be the ideal place for short opportunities. With the resistance sitting at a psychological number of 2.0000...
USDCHF is testing resistance at 0.9955 (78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse to its support at 0.9862 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98.6% where a corresponding reversal could occur.