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EURUSD > Levels to WatchEURUSD > Key Levels > 10/15-20/17 Firm break and hold above 1.1930 level could indicate further strength to test 1.2000, with a break above this leading to 1.2100 level representing the January, 2015 high. Expecting strong resistance @ 1.1965 level. Strong support showing @ 1.1793 level, followed by 1.1764 which analysis does not support breaking these levels IMO, but no complete confirmation either. R3 1.1933 R2 1.1904 R1 1.1863 S1 1.1793 S2 1.1764 S3 1.1723 Pivot Point @ 1.18350 High volatility expected as I believe we are in the "wacky" season where up is down and down is up! * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
USDCAD > Bullish or Bearish?USDCAD - Support and Resistance Timeframe: 1W Bullish channel supports broken @ 1.2529 / 1.2485 which signals possible re-test of Bearish trend toward 1.2393 / 1.2266 levels. Firm break and hold above supports provide possible indication for continuance of Bullish trend correction toward 1.2770/77 resistance. Personal bias: Bearish * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
USDJPY > Levels to WatchUSDJPY > Key Levels > 10/15-20/17 Timeframe: 1W Pair still signals bullish trend strength in mid-term, with loss in momentum within longer-term range. Averaging price within 111.000 to 113.000 range while expecting strong support @ 111.58 level. Firm break and hold above 113.45 resistance possible rise to 114.00/50 levels. Firm break and hold below 111.58 support possible further decline toward 110.95 levels. R3 112.85 R2 112.59 R1 112.22 S1 111.58 S2 111.32 S3 110.95 Pivot Point @ 111.95 High volatility expected as I believe we are in the "wacky" season where up is down and down is up! * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
USDJPY > Longterm Set-up > 1172.8 pipsUSDJPY > Longterm > End of 2017 Pair continues to trade sideways breaking above cloud @ 113.00 level 5X but continues to meet strong resistance indicating correction phase in near-term, with lack in momentum still present. Correction continues w/breaks below 111.50 level but not necessarily signals bearish trend in play. Expecting continuance in corrective and consolidation phase with anticipation for USD to strengthen by end of year against all majors. Personal idea for BUY and SELL set-up to target potential end-of-year rally for USD: Buy Entry (already in place) @ 106.482 T/P @ 114.126 Target = 764.4 pips Sell Entry (already in place) @ 114.126 T/P @ 110.042 Target = 408.4 pips Total Target by end of year = 1,172.8 pips Entries and T/P's can change as levels correct and prices consolidate. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
GBPUSD > Trade AnalysisGBPUSD > 1W / Longterm Pair is trading in an uptrend from support level 1.3215 w/expected target @ 1.3495. If this level is broken, uptrend could continue higher. A firm break and hold below support 1.3215 will signal end of rise and bearish trend should begin toward 1.3068 followed by 1.2874 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
AUDUSD Weekly Trade AnalysisAUDUSD > 10/15-20/17 Trade Analysis Timeframe: 1W Accomplished firm break and hold above key resistance level 0.78200 and closed above key barrier @ 0.78740 signaling trend reversal with further strength in Bullish trend. Holding above key barrier possible signal further rise to 0.79170 level with break above pushing further to 0.79290 - 0.79370 levels. Very strong resistance located at 0.80000 level. See only a firm break and hold back below 0.78200 possible bring bearish trend back into play to lead first to 0.7730/27 levels with continuance to lower levels, but in longer term. High volatily expected as I believe we are in the "wacky" season where up is down and down is up! * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
GBPUSD Weekly Trade AnalysisGBPUSD > 10/8-13/17 Trade Analysis Timeframe: 1W Expecting further decline toward 1.2975 level. Firm break and hold below suggest possible decline toward major support level @ 1.2773 in longer term. Strong bearish downtrend signals causing concern for possible trend reversal in medium term. A firm break and hold below 1.2773 will serve as confirmation that bearish trend may continue, but firm break and hold above this level would serve as confirmation that bearish trend is complete and would expect bullish trend to return in longer term. A firm break and hold above minor resistance level @ 1.3221/25 would serve as important signal to bullish rebound. (1.1946 should show as 2016 High) * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
AUDUSD Weekly Trade AnalysisAUDUSD > 10/8-13/17 Trade Analysis Timeframe: 1W Pair broke below support @ 0.7807 with MACD showing bearish divergence, expecting further decline toward 0.7727 A firm break and hold below 0.7727 would signal good possibility of further decline toward 0.7633 level. Expecting bearish trend to continue with price needing to remain below 0.7820 for continual confirmation. A firm break and hold above 0.7820 would indicate bearish trend is weakening. Firm break and hold above 0.7874 would serve as indication that bearish trend is complete and a reversal would come back in play. * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
EURUSD > Levels to WatchEURUSD > Key Levels Timeframe: D/W Pivot point located @ 1.1720 representing 38.2% fib retracement serving as support. Firm break and hold above 1.1750/55 levels will expect further rise to 1.1808/32 levels representing September 29 lower top. Bearish trend for near-term can test 1.1662 level with firm break and hold below targeting 1.1604 level. R3 1.1832 R2 1.1808 R1 1.1755 S1 1.1720 S2 1.1696 S3 1.1604 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
USDCHF Weekly Trade AnalysisUSDCHF > 10/8-13/17 Trade Analysis Timeframe: 1W Weak bullish trend, yet expecting to hold as break above 0.9777 has occurred. Awareness as pair approaches next major resistance @ 0.9880. Break and hold above this level can expect further rise to 0.9990 in medium term as long as pair remains above key support @ 0.9708 level during weekly range. Break and hold above 0.9990 can extend rise to 1.0030 level. Note that a firm break and hold below 0.9708 would favor reversal toward 0.9587 level. Personal bias: Bullish in medium term w/weak tendencies * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
USDCAD Weekly Trade AnalysisUSDCAD > 10/8-13/17 Trade Analysis Timeframe: 1W Believe pair is currently in downward correction toward minor support level @ 1.2450/48 level. If unable to break and hold below 1.2450/48, expecting further rise toward major resistance level @ 1.2770/77 A strong break and hold above 1.2777/80 is needed to target 38.2% fib retracement @ 1.3065 level. Seeing mixed signals in charting, so awareness recommended that a firm break and hold below 1.2450/48 minor support level could signal short term top and bearish trend likely to continue. Personal bias: Bullish but will Stand Aside * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
GBPJPY Weekly Trade Analysis GBPJPY > 10/8-13/17 Trade Analysis Timeframe: 1W Expecting further decline toward 144.45 level, representing 61.8% fib retracement. Expecting strong support @ 144.45 which could lead to bullish rebound toward 152.82 level, although a solid break and hold above 149.73 level is needed for confirmation that trend reversal is underway or is just a false break in test. For continuance of bearish trend, a solid break and hold below 144.45 may serve as signal to open path for further decline toward next major support level located at 139.29 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59