OUR LONG TERM DOWNTREND TRENDLINE STILL CONFIRMING THE VALIDITY OF THE DOWNTREND, DOUBLE TOP, CHANNEL BREAKOUT AND UPTREND TRENDLINE BREAKOUT... ALL INDICATE ON THE POTENTIAL RALLY DOWN TOWARD 91.40 TARGET AREA
Having completed the corrective wave, NZDUSD now could be on its way down to resume the major downtrend. Added text: It appears that Kiwi still is in a major downtrend that is supported by the Elliot Wave analysis. Following 5 waves down, NZDUSD potentially completed corrective wave C as can be seen on the chart. For the last four days it has been consolidating...
EURJPY might correct down to 134 or 133 levels
Gold has been steadily losing value since the end of January 2015. Following several days correction to an upside, today the precious metal has fallen sharply against the Dollar. Obviously, there is not much interest for the safe haven asset at the moment and it is too early to talk about growth in demand. On the technical front, Looking at the 4H chart, a...
I'd say we are looking at least for a corrective wave if not a medium term reversal here
WHILE GBPCHF IS AROUND ITS VERY STRONG RESISTANCE, WE BELIVE THAT IT WILL BE PENETRATED AND GIVE THE WAY FOR THE FURTHER RISE OF THIS PAIR. STRONG RALLY UP CAN BE EXPECTED
EURCAD DID BREAK AN UPTREND TRENDLINE CONFIRMING POTENTIAL CORRECTION TOWARDS 1.3950 AREA
I see a nice and clean bounce of the downtrend trendline on EURAUD thus confirming the validity of the downtrend. The first target is around previous low, while I don't see this as a bottom unless market will resist a lot at that level.
IT LOOKS LIKE WE ARE HOLDING AN UPTREND TREDNLINE SUGGESTING A CONTINUATION OF THE MOVE UP
GBPCAD LOOKING TO MAKE A NICE SWING UP
GBPCHF STILL HOLDING THE DOWNTREND TRENDLINE, VERY GOOD RISK/REWARD TRADE
WE ARE HOLDING THE TRENDLINE, AND THIS COULD BE A MEDIUM TO LONG TERM DIRECTION - DOWN
SILL HOLDING THE CHANNEL, UPTREND CONTINUATION IS LIKELY UNLESS 103.54 IS BROKEN
WE HAD AN UPTREND TRENDLINE BREAK, SHOWING WEAKNESS IN USDJPY