848evo

848evo

PA has dropped significantly due to the US NFP news, but I see a bounce either off the 38.2 or perhaps a further drop and then bounce at the 50% fib area.

848evo

PA has shot up due to recent economic data, but I don't believe the move is sustainable, overall medium term trend is still short I believe. I will look for a bounce off the 38.2 or 50% fib line to get in short.

848evo

GBPJPY has just taken a huge tumble and major RSI correction, now it is oversold and needs a correction back up. I believe it will push down a bit more to test the 76.4 fib level before retracing back up.

848evo

GBPUSD has had a major drop lately and after a failed bull run earlier today, I believe PA will push down a bit further to re-test a daily support line before a strong retrace back up.

848evo

PA is falling down as expected for an RSI correction and also to correlate to the OPEC meeting news. I believe price will continue dropping further down to around 47-47.40 area before doing a retracement back up. I would get in with half a position at 47.40 and another half at 47.

848evo

PA is coming down to re-test and possibly break through a strong support level, but I believe it will bounce at least once before pushing through.

848evo

PA is coming up to test the 61.8 fib level which also coincides with the 200 SMA and falling TL. It's a heavy resistance area. If PA bounces off this level, I can see it breaking to go further down.

848evo

PA has starting to retrace back up after a long move down, however, technical indicators are showing further down movement. I will try to get in around 159.785 area where the 38.2 fib levels meet with a D1 resistance line and the 50 SMA will probably also be hovering there.

848evo

PA is slowly starting to try to push up and after the recent break of the wedge, I'm seeing a down move to re-test the top TL before bouncing and moving back in the up direction.

848evo

PA has had a significant move down and has rebounded off the rising TL. If PA can continue moving up past the broken 61.8 fib level, then we could see a move up to re-test the previous broken support level as well as the 50 SMA.

848evo

PA has had a strong fall and I believe will continue to fall before hitting hard support level around 158.735 area. I would enter at the 50% fib retracement level with a SL below the hard support line and a TP near the previous swing low and could possibly move TP higher as PA unfolds.

848evo

PA is continuing to push down slowly but surely even with extremely heavy divergence occurring on the RSI. I'm seeing one more push down to hit the 50% fib level before we start to see a bull move back up.

848evo

PA has done a re-test of the prior rising TL and now we see price falling down to continue the overall bear trend. If PA is able to break the 61.8 retracement level, I could see price falling further to re-test the hard support level which also matches up with the 272 extension.

848evo

PA has rebounded after making a double bottom and with PA having the power to push right through the 61.8 level, I'm expecting PA to continue up before rebounding around .77285 area for another move down.

848evo

PA may have possibly found a bottom and it temporarily trying to work it's way up, but overall trend is still down so I'm see a bounce off the upper resistance level to fall back down once more before deciding on a final direction to move.

848evo

GBPJPY is approaching a hard resistance line, I'm expecting one more bounce before PA finally breaks through and continues up.

848evo

PA has broken out to the topside and I can see a push to re-test the previous highs.

848evo

The overall trend of EURUSD has been heavy bear as of late, but a correction is due on the RSI and PA is coming into a heavy support level now. I'm expecting PA to bounce off this level before continuing further down.