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USD/CHF Possible Sell Setup !Looking for a sell setup around the resistance, i would like to see if price can reach that zone all look for sells from there
EURAUD 4hr time analysis: bearish biasThe 4 hour timeframe of the EURAUD is shown in this analysis with price action from March 28, 2018 till present date. The EURAUD between June 25, 2018 and July 30, 2018 did complete a complex head and shoulder top pattern that confirmed at ~1.57239.
The other valid chart pattern that is present in the region discussed above is a Triple top that also confirmed after price closed below the neckline. The implication of either chart pattern is ideally bearish, and implies more bearish action in the EURAUD.
Conservative point of entry for a short position is a price close below ~1.55839, while earlier points of entry would seek placement of a sell order prior to price reaching 1.55839.
Price returning to 1.55839 region and failing to proceed would establish a rectangle bottom between the neckline and 1.55839. Momentum confirming a decline is therefore of paramount importance.
The point of invalidation (POI) of either chart pattern mentioned above is a price close above ~1.58905.
USDCNH Potential BatBAT pattern setting up. sell limit @ 6.9
stop loss above X and TP1 @ 38.2 AD TP2 61.8 AD
USD/TRY Monthly Chart - Turkish Lira Elliott Wave Count!Is the market going to follow this Elliott Waves Scenario?
GBPNZD - Our Choice on Positive UK dataGBPNZD holding up at the 23% retracement of yesterday's range. We have UK data in just a bit, and are expecting
better data. GBPNZD seems like a decent odds play (post-data) if we are correct, matching GBP strength with
NZD weakness.
TRY Driving Flight to QualityThe 10-year Turkish government bond yield rose 24 basis points to 19.91%, a record high. The ECB is starting to worry about European bank exposure to Turkey, which is on the brink of hyperinflation due to Erdogan's dictatorship. Capital is fleeing the country and the market is showing a flight to quality today with aggressive USD buying and Jpy buying.
DXY - Range Broken, Trend UpThe USD is being pushed by stop-loss buying in thin markets.
Beware of resistance levels further up the ladder.
Bias remains up, but today's CPI might throw a temporary wrench in things.
USDCAD Bat PatternLooking to move up to .886 fib level then sell on pattern completion
targets will be drawn in
USDJPY 1 hour tf: 3 crucial info. to keep in mindAnnotations of the 1 hour timeframe (tf) of the USDJPY are presented in this analysis and commentary is provided below based on the numbers marked on the chart.
(1) The main bullish trendline on the 1 hour tf that is established by connecting the price low on March 23, 2018 (not shown here) and price low on August 09, 2018. A breach of the bullish trendline would imply further movement to the downside in the USDJPY.
(2) Price between ~112.62 and 112.16 marks the range anticipated as resistance in the USDJPY. Price moving above 112.62 especially would imply a possible resumption of the trend with a price close above the high of 113.06 made on July 19, 2018 confirming more bullish upside in the USDJPY. A breakout above the former i.e. 112.62 is considered a less conservative approach to going long (buy) than a price close above the latter (113.06).
(3) Support region present between ~110.67 and 110.33 provided its latest floor for price earlier today (August 09, 2018) so that price action from July 23, 2018 till present date is meandering in a trendless environment. ~110.67 (top of the range used for support) does intersect the bullish trendline i.e. (1) above, thus suggesting that the USDJPY should find a base for further move to the upside.
A break out above ~111.25 should see price possibly return to the bottom of the range marked as resistance (~112.16). When and if that happens, a rectangle bottom pattern will be established.
P.S. The use of “bottom” for the rectangle pattern is relative to the previous trend in price (bullish).
A dangerous descentThe price was able to overcome the next level without problems and continues to decline. At the current time the next level of support is the mark of 6.200.
Given the fall in the value of the cryptocurrency, mining becomes less profitable and may soon become unprofitable. The only winners in the fall are traders. In case of falling volumes of mining, prices may again rush down.
Since our technical indicators point for a sale, we believe that at the current moment it is worthwhile to take short positions and consider the point for fixing of the profit at the mark of 6.200.
USDCHN Guiding USD MovesIndustry contacts report USD moves driven these days by USDCNY. The chart illustrates the point.
GBP/CHF: Rejection, strong sell (85 pips), check it out!Hi guys
We got a nice trade going on with GBP/CHF.
I am targeting next fib extension (200%).
Check out the idea!
Feel free to like/comment my ideas.
Best,
Jesse
USDCAD - Potential for a Move to 3100The recent Saudi/Canada dispute has weighted heavily on the Canadian Dollar.
This short-term driver may boost USDCAD towards 1.3100 so long as we can hold the 1.3040/50 zone.
The only risk is the DXY falling through recent supports.
DXY - Testing Short-Term SupportDXY at a key juncture in the short-term. If we can rotate higher from 95.00, there is a serious chance at breaking
current range highs. A break lower would cause even more profit taking in USD-pairs as we head back down to the bottom of the range.
Watch for clued here in the 95.00 area.
