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"Top and Bottom Analysis" EURJPY by ThinkingAntsOk4H Chart Explanation: - Price broke the Descending Channel. - Price is on the Weekly Ascending Trendline (Bottom of the Triangle Pattern) and have tested it 4 times. - If price bounces from here, it has a long potential movement towards the Resistance Zones. - The next Resistance Zone is 123.22, the next one is 125.044 and the last one is 126.764. The Weekly and Daily Analysis also supports that idea. Take a look! Weekly Vision: Daily Vision:
Long
by ThinkingAntsOk
7
EURGBP – Expanding wedge offers a downward biasFX:EURGBP OANDA:EURGBP FOREXCOM:EURGBP SAXO:EURGBP Monthly – Triangle formation. Trend of lower highs at 0.9022 Daily - 261.8% and a DeMark 13 Intraday (four-hour) – Expanding Wedge has a bias to break lower Trade Idea We look to sell EURGBP at 0.9000 Stop 0.9025 Target 0.8830 Euro-zone retail sales declined 0.3% for May compared with consensus expectations of a small increase with the year-on-year increase at 1.3% from 1.8% previously which suggested subdued consumer demand. ECB Council Member Rehn stated that the slowdown in no longer temporary. Further monetary stimulus is now needed until there is an improvement in economic conditions and inflation prospects if the central bank is to meet its mandate. Rehn is not one of the most dovish members on the committee and the comments reinforced expectations that the central bank would take further action to cut interest rates by September at the latest. Sterling continued to be hampered by concerns over the growth outlook following the weak PMI data releases the week. There was also further speculation that the Bank of England would adopt a more dovish policy stance over the next few months. In relative global terms, however, the central bank stance is likely to be slightly restrictive, especially with expectations that the Federal Reserve and ECB will cut interest rates during the third quarter. Sterling will also gain some support if there are increased hopes that global monetary policy actions support the global growth outlook.
Short
by Signal_Centre
2
EUR/USD Daily: Buy Opportunity FormingHi guys, the EUR/USD pair is completing a correction to the 61.8% Fib level on the daily chart, suggesting that the recently formed uptrend may continue. The price has also formed a bullish wedge pattern with an indecisive candlestick during yesterday's trade and a bullish candle in today's trade. My buy trigger is an upside break of the wedge pattern, with an intermediary profit target near the recent highs (around 1.14). Please take a second and hit the "LIKE" button to support our work. Thanks!
Long
by MujkanovicFX
USDUAH | Still on WatchlistThe hryvnia (UAH) continues to trade sideways while in consolidation in the "no trade zone." Recently, the currency strengthened against the dollar (USD) and initially it looked like an opportunity to go long on the USD. However, the weekly EMA50 (which historically has provided support for the USD) turned into resistance, broke the 3 year trendline, and now we are heading toward the 61.8 Fibo. Above the 61.8 Fibo the USD is still bullish. Below the 61.8 Fibo we have a bit more neutrality with support close at the weekly EMA200 (good place to hedge UAH and/or go long USD).
Long
by Trader6127
1
EURGBP - Still looking to buy dips (today)FX:EURGBP OANDA:EURGBP FOREXCOM:EURGBP SAXO:EURGBP EURGBP - Intraday - We look to Buy at 0.8916 (stop at 0.8891) Selling pressure from 0.8992 resulted in all the initial daily gains being overturned. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. Price action has formed an expanding wedge formation. The trend of higher lows is located at 0.8906. Bespoke support is located at 0.8916. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 0.8975 and 0.9000 Resistance: 0.8975 / 0.9000 / 0.9042 Support: 0.8916 / 0.8906 / 0.8826
Long
by Signal_Centre
4
AUDUSD - Dips to be bought as Head and Shoulders buildsFX:AUDUSD OANDA:AUDUSD FOREXCOM:AUDUSD SAXO:AUDUSD AUDUSD - Intraday - We look to Buy at 0.6962 (stop at 0.6922) The gap open from 0.7022 to 0.7026 has now been closed. Selling posted in Asia. Daily/Weekly Ichimoku Cloud resistance is seen at 0.7035. Bespoke support is located at 0.6962. The medium term bias remains bullish. A bullish reverse Head and Shoulders is forming. Expect trading to remain mixed and volatile. Intraday signals are far from strong. Our profit targets will be 0.7030 and 0.7050 Resistance: 0.7035 / 0.7091 / 0.7182 Support: 0.6962 / 0.6917 / 0.6900
Long
by Signal_Centre
USDCAD- Still lower lows and highsFX:USDCAD OANDA:USDCAD FOREXCOM:USDCAD SAXO:USDCAD USDCAD - Intraday - We look to Sell at 1.3140 (stop at 1.3175) Closed the day little net changed. Buying posted in Asia. Previous support located at 1.3068. The sequence for trading is lower lows and highs. Bespoke resistance is located at 1.3140. The rally is close to an exhaustion count on the intraday chart. Previous support, now becomes resistance at 1.3151. Our profit targets will be 1.3076 and 1.3050 Resistance: 1.3140 / 1.3151 / 1.3175 Support: 1.3070 / 1.3000 / 1.2956
Short
by Signal_Centre
EURJPY - Cloud to cap buyingFX:EURJPY OANDA:EURJPY FOREXCOM:EURJPY SAXO:EURJPY EURJPY - Intraday - We look to Sell at 123.50 (stop at 123.90) The gap open from 122.66 to 122.87 has now been closed. Immediate signals are hard to interpret. Bespoke resistance is located at 123.25. Ichimoku cloud resistance comes in at 123.50. The rally is close to an exhaustion count on the intraday chart. Preferred trade is to sell into rallies. Our profit targets will be 121.50 and 120.70 Resistance: 123.25 / 123.50 / 124.50 Support: 122.00 / 121.50 / 120.68
Short
by Signal_Centre
USDJPY - Mind the GAPFX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY SAXO:USDJPY USDJPY - Intraday - We look to Buy at 107.85 (stop at 107.55) We have a Gap open at 107.91 from 28/06 to 30/06. The previous swing high is located at 108.80. Immediate signals are hard to interpret. Intraday, and we are between bespoke support and resistance 107.85-109.25. Preferred trade is to buy on dips. Our profit targets will be 109.25 and 109.52 Resistance: 108.80 / 109.01 / 109.25 Support: 108.85 / 107.55 / 106.78
Long
by Signal_Centre
USDCHF - Limited upside (today)FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9853 (stop at 0.9883) We have a Gap open at 0.9760 from 28/06 to 30/06. Previous resistance located at 0.9814. The rally is close to an exhaustion count on the intraday chart. Bespoke resistance is located at 0.9843. Ichimoku cloud resistance comes in at 0.9853. Previous support, now becomes resistance at 0.9853. Our profit targets will be 0.9660 and 0.9650 Resistance: 0.9843 / 0.9853 / 0.9942 Support: 0.9760 / 0.9694 / 0.9660
Short
by Signal_Centre
GBPUSD - Reverse Head and Shoulders buildingFX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD SAXO:GBPUSD GBPUSD - Intraday - We look to Buy at 1.2634 (stop at 1.2589) Price action continues to be mixed and volatile for 3 days in succession resulting in spikes in both directions. The bullish engulfing candle on the weekly chart the positive for sentiment. A bullish reverse Head and Shoulders is forming. Trend line support is located at 1.2598. We have a 61.8% Fibonacci pullback level of 1.2612 from 1.2506 to 1.2783. Bespoke support is located at 1.2634. Our profit targets will be 1.2790 and 1.2800 Resistance: 1.2740 / 1.2783 / 1.2800 Support: 1.2655 / 1.2634 / 1.2597
Long
by Signal_Centre
EURUSD - Medium term focus remains bullishFX:EURUSD OANDA:EURUSD SAXO:EURUSD FOREXCOM:EURUSD EURUSD - Intraday - We look to Buy at 1.1282 (stop at 1.1242) Inside Soldiers have been posted on the daily chart. Selling posted in Asia. The medium term bias remains bullish. Broken out of the wedge formation to the upside. The formation has a measured move target of 1.1448. The Marabuzo support is located at 1.1289 half net gains from 1.1209 to 1.1369. Bespoke support is located at 1.1282. Our profit targets will be 1.1425 and 1.1445 Resistance: 1.1400 / 1.1425 / 1.1448 Support: 1.1316 / 1.1282 / 1.1276
Long
by Signal_Centre
USDCHF - Upside limited to previous swing lowFX:USDCHF OANDA:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9844 (stop at 0.9874) Selling pressure from 0.9814 resulted in all the initial daily gains being overturned. Buying posted in Asia. Previous support at 0.9854 now becomes resistance. We have a 50% Fibonacci pullback level of 0.9855 from 1.0014 to 0.9694. Bespoke resistance is located at 0.9844. Our profit targets will be 0.9660 and 0.9650 Resistance: 0.9844 / 0.9862 / 0.9965 Support: 0.9694 / 0.9660 / 0.9600
Short
by Signal_Centre
GBPUSD- Looks to be forming a bullish reverse Head and ShouldersFX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD SAXO:GBPUSD GBPUSD - Intraday - We look to Buy at 1.2632 (stop at 1.2587) Selling pressure from 1.2725 resulted in all the initial daily gains being overturned. A bullish reverse Head and Shoulders is forming. Expect trading to remain mixed and volatile. We have a 61.8% Fibonacci pullback level of 1.2612 from 1.2506 to 1.2784. Trend line support is located at 1.2596. Bespoke support is located at 1.2632. Our profit targets will be 1.2798 and 1.2850 Resistance: 1.2700 / 1.2798 / 1.2815 Support: 1.2644 / 1.2632 / 1.2612
Long
by Signal_Centre