#EURUSD Top Down Fibonacci Confluence Weekly AnalysisHi Traders, Here is top down analysis of EURUSD using fibonacci confluence and harmonic patterns. As you will notice that how wonderfully fibonacci levels and fibonacci extensions work in the market. Currently the set up is very bullish in the medium to long term. But we are watching the current important level for that to happen.
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Weeklyanalysis
Waiting For The Entry For A Real Long!On the weekly time frame we can see that wave 3 seems to have completed to the downside and I am now looking for an entry trigger to trade wave 4 to the top of the blue structure.
I will be looking at the H4 time frame for entry signals.
Happy Trading!
Linton White
JP Markets
South Africa
#GBPUSD - Watch 38.2 Fib For Short & Long - Weekly AnalysisHi Traders, GBPUSD has been falling down after test of 61.8 fibonacci level but that is expected because of completion of a harmonic pattern. The last bound was from 38.2 fib level of this pattern and now if that level is broken, we can expect to move towards 50.0 or 61.8. At 50% we have confluence of 200SMA, trend line. So we must watch that area for taking profits on short trade and going long.
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#EURUSD Positioning For Huge Rally - Top Down Weekly AnalysisHi Traders, In this top down weekly analysis we see where EURUSD is going and what has been causing to reverse at various points. We also see how Fibonacci plays out in the market along with other factors such as trend lines, support and resistance, moving averages. We look at how to identify W and M patterns and use then accurately with fibonacci ratios on multiple time frame for accurate entry, stop and exits.
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BTCUSD Bearish FormationBitcoin on the higher time frames created a bearish formation on the lows. on the 2D it's a Triangle which the measuring point would be the bottom trend line (Macro descending channel) .
The 2D SMA 200 could be a Support but I don't think it'll hold. Then there is the bottom horizontal support line. It could bounce on there even it can go through and fake the breakage.
2D Stochs are rejected by the Bullish Control Zone:
The VPVR on the $6000 horizontal has the last node of the populated area:
Hidden Bearish Divergence on 2D RSI(14) is present:
Although the Divergence is present in the Bearish control zone and it's a Hidden . So I don't put too much weigh on that. But it can drive the price to the bottom of the range and the horizontal support which is approx. $6800 .
So after all, if BTC Close a 2D candle below $6900 , the downside chain reaction would be started and could bring it the low $6000 . From there probably a bounce and ranging ( and even downside continuation ). But before all this BTC could pump from here to the upside of the channel but if this happens nothing will change all of this because the Weekly is on a DownTrend . when a Weekly candle closes above $9600 it would make a Higher High on the Weekly scale, but until then the Weekly and higher time frames are bearish .
-Hashem
Weekly Chart of USDINROn Weekly chart USDINR Currency pair is forming the Cup and Handle Pattern. 70.00-70.50 on downside and 71.75-72.25 on upside are significant levels to watch. Also it is trading near to trend-line resistance. It seems that USDINR will break out on upside.
#eurusd - Weekly outlook I have been asked many times now if I can have a look at EURUSD on a long-term base and give my opinion. Here we go.
Within a strong correcture, EURUSD has made quite a way down the last two years.
At the moment the currency pair is in the middle of a range and found so far good support on the Yearly S1- Pivot and has managed to come back above the Quarterly Pivot.
To give this a shape:
1. The big support is the Yearly S1 Pivot (1.09), if broken down, 1.04 comes into reach as a low target.
2. The big resistance sits around 1.11, if broken 1.16 and then 1.19 are the high targets 1 and 2.
Watch those levels carefully, at the moment there is some space upwards shortterm. Got you in two important trendlines.
Have a very good day.
Neru
NZDCAD – Buyers might go furtherNZDCAD – Buyers might go further
Trend : Buy/ Neutral
Support/Resistance:
R2: 0.85569
R1: 0.84961
S1: 0.84298
S2: 0.83689
Price action:
Buyers reacted very strong from the last news announcement, but still they have to break R1 level, to prove their dominance. Price might reach first R1, and then we'll see how sellers will react back on lower timeframe. We need more answers, because news is not always number one fact we get in this game.
Potencial trade idea:
Bulls targets:
T1 = 0.84961
Bears targets:
T1 = 0.85569
NOTE – We are trading NZDCAD via the preferred trading setups.
ELITEFXACADEMY
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
AUDCHF – Previous week was crazy, from both price action and newAUDCHF – Previous week was crazy, from both price action and news announcement
Trend: Buy Neutral
Support/Resistance:
R3: 0.68363
R2: 0.67923
R1: 0.67621
S1: 0.67227
S2: 0.66872
Price action:
Pirce seem sellers tok of the stage. But overall trade is still in buyers ayes. If sellers are enough strong then, they should push the price lower from R1. If buyers can handle above R1 then next potencial Sell is at R2 to test again R1. This trade is a very tricky, but good for education.
Potencial trade idea:
Bulls targets:
T1 = 0.67227
T2 = 0.66872
Bears targets:
T1 = 0.67923
T1 = 0.68363
NOTE – We are trading AUDCHF via the preferred trading setups
ELITEFXACADEMY
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
[b]GBPJPY – trending depends on breaking this range and Gbp perfGBPJPY – trending depends on breaking this range and Gbp performance.
Trend: Strong Buy
Price action:
Buyers still didn't show any power. If we compare lower timegrame, then sellers are in much better position in compare to buyers. Overall market is still in buyers trending, but in any chance be aware of any break that wil happen.
Potencial trade idea:
Bulls targets:
T1 = 140.699
T2 = 143.270
T3 = 145.741
Bears targets:
T1 = 137.227
NOTE – We are trading GBPJPY via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
ELITEFXACADEMY
[b]USDJPY – USD potenicial buy[/b]USDJPY – USD potenicial buy
Trend: Strong Buy
Support/Resistance:
R3: 111.068
R2: 110.240
R1: 109.718
S1: 108.969
S2: 108.647
S3: 108.325
Price action:
We've been same in this trade from previous week because of buyers good momentum. The end of week end up at great position for potencial buy side. If something will change then follow risk management rules from elite strategy lessons.
Potencial trade idea:
Bulls targets:
T1 = 109.718
T2 = 110.240
T3 = 111.068
Bears targets:
108.325
NOTE – We are trading USDJPY via the preferred trading setups
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
ELITEFXACADEMY
EURCHF – this pair is at risky level, where we have to wait for EURCHF – this pair is at risky level, where we have to wait for sell if we get sign
Trend: Sell/neutral
Support/Resistance:
R1: 1.10259
S1: 1.09775
S2: 1.08999
S3: 1.08375
Price action:
Buyers were keep going to break resistance level at ,but sellers showed first push few days ago very strong. If they will push again, then we know the answer, but if the buyers keep going and hold above first resistance level, then buyers will have open position.
Potencial trade idea:
Bears targets:
T1: 1.08999
T2: 1.08375
NOTE – We are trading EURCHF via the preferred trading setups by EliteFxAcademy
Bullish Divergence on the AUDSGD 1W chart.Price appears to reach a historical strong support.
AUD might start making a turn around in a month or two?
Or will it plunge even lower?
Will continue to monitor the PRISM oscillators + CYBER ENSEMBLE
PRISM Oscillators
CYBER ENSEMBLE
Also see:
Relative Candle Volatility & Directionality Index (RCVI/RCDI)
and
PRISM Signals (which Cyber Momentum Strategy is based on)