FXAutomate

FXAutomate

The NASDAQ managed to get back above the Daily 21 EMA and are now trading up against the Daily 50 SMA which is showing some resistance hinting towards a possible pullback towards the weekly pivot @ 15k. The other important levels to watch are resistance from the monthly R1 @ 15385 and support from the Weekly S1 @ 14785. Breakouts from either could see a bigger...

FXAutomate

USDCHF has seen a successful test of the symmetrical triangle breakout from last month with the Daily 50 SMA also providing some additional support. Possible targets include the Weekly S2 pivot @ 0.936 and the Monthly R1 pivot @ 0.942

FXAutomate

Based on the latest candle we are witnessing what appears to be a strong rejection of the Daily 200 SMA. This rejection could initially see the price heading lower towards the Weekly Pivot @ 0.702 with a break below it possibly seeing brand new structure lows.

FXAutomate

AUDUSD is finding itself up against some strong resistance from the Daily 100 SMA and Monthly R1 @ 0.740. If it manages to stay above the Daily 21 EMA there is a chance that we will see a break higher but if not the more likely scenario would be another move lower towards the last swing lows @ 0.718

FXAutomate

We have been expecting a bottom in EURGBP for some time now and it would appear that we are now very close. Any bullish price action that will see the price move back above the weekly pivot @ 0.845 could signify the recovery with the first area of resistance @ 0.853 (Daily 100 SMA) followed by 0.858 (Daily 200 SMA)

FXAutomate

Unlike the EURUSD the GBPUSD has already seen a decent correction with strong resistance from the Daily 100 SMA just a few points above last week's highs. This sketches a much clearer picture of bearish continuation towards structure lows @ 1.349

FXAutomate

The expectation is that we will see the bearish trend continue, the question however is whether we will see a deeper correction towards the Daily 50 SMA @ 1.170 or whether interim resistance at the 21 EMA will hold and we see a new structure low before any meaningful correction. In this alternative scenario, a break below lower diagonal support could see a move...

FXAutomate

Canon has been consolidating for 6-months above the 100 Daily SMA and now appears to have now starting to break into new highs. This sets up a target of at least 2900 with a stop to be considered just below the Daily 100 SMA @ 2600

FXAutomate

With the GBPUSD also currently seeing a correction, we are being presented with a long scalp opportunity Entry Range: 1.361 to 1.365 Stop: 1.355 Targets: 1.368 (T1), 1.377 (T2)

FXAutomate

Are we seeing a possible inverted head and shoulders setting up on Gold? What do you think?

FXAutomate

Although the EURUSD is in an established down trend I am expecting a correction that could provide for a great scalp opportunity. Entry Range: 1.153 to 1.158 Stop: 1.149 Targets: 1.163 (T1), 1.168 (T2), 1.176 (T3)

FXAutomate

AUDUSD is in an established downtrend and has now seen a sufficient pullback from where I am now expecting a bearish continuation. Entry Range: 0.733 to 0.737 Stop: 0.741 Targets: 0.728 (T1), 0.721 (T2), 0.714 (T3)

FXAutomate

Supply continues to be absorbed sending the price of bitcoin ever higher towards its previous ATH. As things stand currently there is resistance @ 58.8k followed by major resistance from the Yearly R3 Pivot @ 63.2k (just below the previous ATH). It is strongly recommended that extreme caution be taken as we approach this level.

FXAutomate

Last week saw price finding resistance from the Yearly R1 Pivot @ the psychological level of 15k with the daily 21 EMA also now acting as short term resistance while also pointing down indicative of the current bearish trend. For now, we are seeing price contend with the Daily 100 SMA which could see price correcting deeper towards support @ 14350 if it cannot regain it.

FXAutomate

As pointed out in multiple previous setup alerts (see ideas linked below) we have expected the USDJPY to breakout higher for quite some time. The new bullish trend has now been established and the next target is @ 113.69 after which a small pullback can be expected before a new impulse wave sees new highs once again.

FXAutomate

For now, at least the USDCAD does appear to be looking for lower lows with some support @ 1.237. From there, however, a bounce to 1.252 and perhaps even 1.268 are distinct possibilities.

FXAutomate

I am still expecting a possible bottom in EURGPB and at this point, a move to 0.845 could signify the bottom. In terms of the recovery, a move above 0.851 could see resistance getting tested near the Daily 200 SMA @ 0.860

FXAutomate

GBPUSD is currently seeing a correction that looks like it might still have a little ways to go. The resistance zone would be between the Daily 50 SMA @ 1.374 and the Monthly R1 @ 1.378. From there I expect the price to head back to support @ 1.341 before setting up for new lows.