DerrickMaine

DerrickMaine Updated 

a bit of a tricky one, so i decided to keep to the large timeframes on a large timeframe, we are overall bearish lower highs playing with different resistance levels Lower lows have been respected my drawn trendline support recently had a massive bearish run to the bottom price approaching various support levels (support trendline W & M) (backtetsted fibonacci...

DerrickMaine Updated 

on the monthly, pair has mostly been bearish but seems to be losing steam as compared to 2016-2017 a change of direction to bears?

DerrickMaine Updated 

price still very bearish in my opinion still below trendline and 1.13 price level expecting it to fall 50pips to challenge 1.125 level a break below that suggest more bearish movement to 1.113 and maybe even open new lows to 1.1

DerrickMaine Updated 

overall daily and weekly chart is still bullish with higher highs and higher lows(channel) price bounced on weekly support trendline, h4 double bottom broke above my H4 higher low i see it heading to 97.5 a break above that should mean more bullish to challnge 98 level and possible break it to complete Daily channel around 98.5, creating higher highs

DerrickMaine Updated 

price has been inside a triangle since the beginning of the pair it failed to break the monthly lowest low and made a lower high it is currently bullish, since late 2016 and early 2017 price seems to be magnetised towards the resistance triangle with AXY being bullish, the XXXAUD seemes to be respecting that very well price also broke the 1.8 and bouncing on its...

DerrickMaine Updated 

pair is very similar to my AXY analysis, almost a give away similar downside bias to challenge 65.0 level

DerrickMaine Updated 

overall perspective, big downtrend rising wedge which broke to the downside closed below MajorQP, i see it completing the 500pip QP range at 65, 2010 low a break below 65 would open more dowsnide to complte 1000pip range, 2008 low

DerrickMaine Updated 

a bit of a different approach to this one overall stong bullish her descending triangle with a breakout projected equal range ectension from what ive learnt from breakput patterns possibly rising to make higher highs, or atleast challenge previous highs on W chart lets wait and see

DerrickMaine

break below Weekly support trendline, but not the stringest of breaks consolidation between 108.5 and 108.1(40pips range) a break on either side would determine bias (Due to DXY analysis, i would favour a break to the upside, staying withing support trendline)