Ｆｘ
EurUsd - Pressure to the Short SideEurUsd and other european assets under pressure post-PMI data as Germany and France continue to show
contraction. PMIs anticipate GDP trends by about 6 months so all this is bad news for growth.
Euro finally reacts and we're down 100 pips already. This opens up further downside into next week
towards 1.1200.
GBPUSD - SELL - BUTTERFLY PATTERN + BOUNCE FROM RISING WEDGEBUTTERFLY PATTERN + BOUNCE FROM RISING WEDGE
TARGETS BASED ON 382 AND 618 OF A AND D RETRACEMENT
Cardano Analysis: Bullish Breakout on Daily timeframeConclusion for today's Cardano Analysis: A breakout above 0.00001336 confirms higher prices in ADABTC
Price action from June 5, 2018 to current date is covered in today’s Cardano analysis on the Daily timeframe. The downtrend in Cardano from June 2018 is highlighted with the descending or falling wedge chart pattern.
This is immediately followed by a side trend that has lasted over 6 months starting from September 20, 2018. The sideways action is a bottoming chart pattern that is identified in this Cardano analysis as an inverted, complex head and shoulders pattern. This pattern is otherwise known as a complex head and shoulders bottom due to the fact that more than one right shoulder is observed in this case.
0.00000839 is used as the point of invalidation (POI) of the pattern at which point the current downtrend would be assumed to have resumed. 0.00001336 is the neckline of the pattern.
A logarithmic scale is used in this analysis and it is important to switch back to an arithmetic scale for measuring implications based on the chart pattern i.e. projection.
This involves measuring the distance from the neckline to the head (H) at ~0.00000839 to the neckline and adding that distance to the neckline upon breakout.
Confirmation and bullish swing to follow should last for at least weeks.
GBPJPY - SELL - BUTTERFLY PATTERN + BOUNCE FROM RISING CHANNELBUTTERFLY PATTERN + BOUNCE FROM RISING CHANNEL
TARGETS BASED ON 382 AND 618 OF A AND D RETRACEMENT
USOIL Monthly Trend AnalysisFor our Analysis on the monthly chart we are targeting the green zones as long as price stays below the yellow trend line. TVC:USOIL
EURUSD Completed Three drivers pattern in 1H.. Chance to FLYEURUSD already completed three drivers pattern in 1H but not completed in 1D.
AUDUSD - LONG - DESCENDING WEDGE AUDUSD IS CURRENTLY IN THE MONTHLY SUPPORT ZONE WHICH HAS BEEN REJECTED 5 TIMES.
PRICE HAS FORMED A FALLING WEDGE WHICH I AM HOPING WILL PUSH PRICE TO THE BASE OF THE DESCENDING WEDGE NEXT RESISTANCE ZONE.
TARGET IS ALSO BASED ON FIBONACCI CLUSTERS ALIGNED WITH PREVIOUS STRUCTURE.
GBPJPY Strong enough to bounce ?GBP is still pretty cheap, and the brexit short delay is not much... Direction will depend of the coming news, but we have to remember GBP is still historically low ! :)
USDCHF looking for violent reversal [12 hours - 2 days trade]I think it should reverse soon (At 6pm GMT? xd) for several reasons including low TF momentum slowdown higher TF being pretty bullish imo the fib here and others.
Buy time.
EURUSD Short.Very easy.
Short now.
Stop loss above the black line.
Those that want to play it a bit more risky. Move stop loss to a bit further up in case of a bull trap. (around 1.138)
Downtrend line has been very strong in terms of resistance.
DXY looks like it may explode upwards soon if good fundamental news comes out.
Targets are black lines underneath and longer term target is bottom of the channel.
Good risk:reward ratio.
Good luck.
GBPJPY - SELL - BREAK AND CLOSE BELOW TREND LINE + RETESTWAITING FOR PRICE TO RETEST RESISTANCE AND CONTINUE DROPPING TO THE DOWNSIDE
TARGET BASED ON FIBONACCI CLUSTER
Chart of the Day - 20/03 USDCHFTaking a look at the USDCHF Daily chart today.
Technically, we are in an interesting spot for the cross, having just crossed through parity (when currency crosses are equal - i.e. 1 US dollar = 1 Swiss Franc).
Currently, the pair is being supported by two bullish trendlines, one dating back to 2011 and the other (dashed line) dating back to Feb of 2018. Price is also being capped somewhat by the ascending trendline also seen, being caught between these two shorter-term trendlines is causing the price to get squeeze somewhat, a symptom of FX volatility (and market volatility in general) declining, with 1-Month Implied volatility at lows for the past 5 years.
Although the pair has approached the upper threshold of the ascending trendline and RSI was on the cusp of overbought territory there is a longstanding support & resistance level of 0.99719 (orange horizontal line) that dates back as far as November 2009 & July 2012.
The decline over the past few days for USDCHF can also be attributed to the decline in the US Dollar as noted from Dollar Index approaching March Lows.
Until market volatility picks up we can expect to see the price continue to get squeezed somewhat. If you're following this pair, then a close eye needs to be kept on the Dollar Index and the Euro, given the correlation between the Euro and the Swiss Franc.
USDCHF
Let's try to join the trendThere is a possible decent entry on EURUSD according to momentum and a few factors. Not perfect but ok.
Going to give it a try.
Volatility increasedNow we are seeing a decline in the pair amid expectations of the Fed decision on the interest rate. Summary technical analysis indicates a purchase. However, we believe that the pair will go down to the levels of 1.32 and 1.3135 as it is now fixed below the MA (36).
Therefore, we advise you to take short positions in a pair and set take profit near the above levels.
EURNZD ready for another drop ?Hello guys,
Fresh early monday trade. EURNZD trending down, and we might see another leg down.
Few reasons for this :
- MACD has reset
- RSI is neutral
- EMAs are all aligned south
Aiming for a R:R of 3.
Good luck
