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1.1270 is a strong support for EURUSD going forward!The EURUSD almost rallied through 1.1500 resistance yesterday, before pulling back lower. The single currency is seen to be gaining momentum on larger time frames and 1.1270 looks to be a strong support now. It is seen to be trading around 1.1460 levels at this point in writing, looking to produce a pullback before resuming rally. Please note that any intraday or interday pullback/correction should ideally remain well capped above 1.1270 mark. A higher degree wave count ((A)-(B)-(C)) suggests that an expanded flat could be in the making now and it would be confirmed soon as price action unfolds. At a lower degree, wave iii could be underway from 1.1270 levels and could exceed 1.1650 levels going forward. It remains to be seen whether Wave (C) is unfolding into 5 waves or not. Overall, EURUSD remains a buy on dips candidate, until prices stay above 1.1270 levels. Please watch for support coming in between 1.1350/70 levels in case of correction. 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.
Long
by FXTM
1
EURUSD remains buy on dips against 1.1213 levels!The EURUSD rallied through 1.1439 levels yesterday before pulling back lower again towards 1.1360/70 levels. It is trading around 1.1412/15 levels at this point in writing, looking to print lower towards 1.1350 levels before resuming rally. Structurally, the EURUSD could complete an up gartley at 1.1350 levels before turning higher towards 1.1650 and higher. Please note that it is a safe trading strategy to buy on dips towards 1.1350/60 levels, with a stop loss below 1.1213 and potential targets as 1.1650 and 1.1800/50 respectively. Looking at the lower degree wave counts, wave iii or c seems to be in progress since 1.1270 levels, within the higher degree Wave (C)that began from 1.1213 levels earlier. If the above structure holds true, we could see prices rallying swiftly towards 1.1650/1.1700 levels going forward. Overall, bullish structure remains for now, against 1.1213 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.
Long
by FXTM
1
EURUSD progressing into Wave (C) higher towards 1.1800?The EURUSD is trading above 1.1400 levels at this point in writing, looking to target 1.1500 levels in the short term. As discussed earlier, it took out interim resistance at 1.1400/10 levels yesterday before pulling back lower. Please note that possibility remains for a dip lower towards 1.1340/50 levels, before resuming higher again. Looking at the lower degree wave structure, wave iii , within Wave (C), seems to be in progress at the moment and potential targets could be 1.1650/1.1700 levels. The medium term wave structure remains the same for now, with a potential expanded flat (A)-(B)-(C) unfolding since 1.1300 lows earlier. A push above 1.1500 resistance will confirm and accelerate the rally, going forward. Overall, a safe trading strategy could be to remain long against 1.1213 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.
Long
by FXTM
EURUSD higher low in place at 1.1270 levels?Last Friday, the EURUSD pair had made lows at 1.12700 levels before bouncing back. It is seen to be trading around 1.1340 levels at this point in writing after having made an intraday high at 1.1360 levels. It could be possible that EURUSD has carved a meaningful higher low at 1.1270 levels and it is now preparing to push higher towards 1.1650 and further. Looking at the recent wave counts, the EURUSD seems to be carving out a higher degree corrective structure labelled as (A)-(B)-(C)? on the chart presented here. At the moment, Wave (C) is being carved out and a lower degree waves i and ii seem to be in place at 1.1473 and 1.1270 levels respectively. If the aove structure holds to be true, we could witness a sharp rally towards 1.1700 levels as wave iii unfolds. Furthermore, prices should remain above 1.1213 levels if the above structure should remain intact and valid. Overall, a medium term bullish outlook remains intact. 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.
Long
by FXTM
NZDJPY approaching resistance, potential drop!NZDJPY is approaching our first resistance at 77.45 (horizontal pullback support, 61.8% fibonacci extension , 61.8% , 38.2% fibonacci retracement ) and a strong drop might occur above this level pushing price down to our major support at 76.85 (100% fibonacci extension , 76.8% fibonacci retracement ). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Short
by Tickmill
CADCHF approaching support, potential bounce!CADCHF is approaching our first support at 0.7366 (horizontal swing low support, 100% Fibonacci extension x2) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7461 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
EURUSD holds well above 1.1213 levelsThe EURUSD failed to drop below critical support at 1.1213 levels on Friday, unlike the US Dollar Index . This could be seen as a divergence, indicating a potential change in the direction of short/medium term trend. The EURUSD reversed from 1.1270 levels on Friday and is seen to be trading around 1.1325 levels at this point in writing; looking to continue its rally. Looking into the wave counts, a higher degree Wave (C) is still being worked out, within an (A)-(B)-(C) correction. Please further note that if it is unfolding as an expanded flat, prices could rally towards 1.1800/20 levels, before reversing lower again. The above structure could confirm and bulls could accelerate further once prices break above 1.1500 levels. It is a safe strategy to hold long positions till prices stay above 1.1213 levels, with potential targets as 1.1650 and 1.1800 levels respectively. 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.
Long
by FXTM
1
EURUSD possibly terminates wave ii or b at 1.1287 levels!The EURUSD has dropped lower below 1.1306 levels and made fresh lows at 1.1287 today, indicating a potential termination of the lower degree wave ii or b as highlighted on the chart here. Please note that it could still terminate lower below 1.1268 levels, but it is expected to stay above 1.1213 levels if the above structure needs to hold. Looking into the wave structure, a lower degree wave ii is being carved out within the higher degree Wave (C), to produce either as an expanded flat or a triangle. Bottom line, till the time prices stay above 1.1213 levels, we could see them rally through 1.1650 and 1.1820 levels respectively; before the trend could resume lower again. On the flip side, a break below 1.1213 levels could delay the corrective structure discussed above. 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.
Long
by FXTM
1
EURUSD finds support ahead of 1.1300?The EURUSD dropped to 1.1306 levels yesterday before finding interim support. Please note that yet another low could be print between 1.1268 and 1.1280 levels before it resumes its rally. Looking into the lower degree wave counts, EURUSD might be unfolding wave ii or b as a standard or a running flat. Please note that wave i or a potentially terminated at 1.1470/75 levels earlier. If the above counts hold true, EURUSD would terminate wave ii or b, ahead of 1.1213 levels and move swiftly towards 1.1650 or even higher. The larger degree wave counts remain unchanged for now, and that Wave (C) could be unfolding as an expanded flat or a triangle and push towards 1.1650 or 1.1820 levels respectively. Please note that 1.1213 remains as a critical support now, and prices must stay above that to keep the medium term bullish structure intact. 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.
Long
by FXTM
2
NZDJPY Sell signal with potential H&S in the makingOn the left we can see a potential H&S in the making, but obviously it is very premature. There are a few reasons though for me to assume it is a realistic option. At the high we can see a gap up that got sold of quite big with to big red daily candles. This is a sign of weakness and shows there is a potential high set. When we zoom in, i will get in with 50% of a small size if that first blue zone breaks, not any sooner. When that happens i will use today's high as a stop as you can see in the chart. If the second blue zone breaks i will add the other 50% and then just wait for it to touch the potential neckline. That neckline will be my first target where i unload half my position. After all this it will be sitting and waiting to see if the H&S become reality or not. If it does happen, i will make it a decent size if the neckline breaks.
Short
by botje11
10
NZDJPY 60 min Cloud BreakoutThe Monthly and Daily remain bullish Have a text book cloud breakout The only thing I don't like is the time as it is 4 pm est and I prefer not to take trades this late in the US Session, so I will wait for the Asian Session which may provide for a pullback opportunity and/or a smaller stop Entry = 77.95 above the Daily Tenken Sen (Red line) Stop = 77.31 Risk = 64 pis Profit Target = 80.23 (10 pips before the Daily D Ext.) Reward = 228 RRR = 3.5 - 1
Long
by AGold54
2