EURNZD has a clear cypher pattern, a very clear bear flag over a period of 4hr, the bear flag pattern is broken and the downward moving pattern is ready for a retest. It can be described as a clear security transaction
EURCAD rejected his daily resistance, however, due to the volatility in the overall market, I was not tempted to trade where I would reject it. There was a retest and very clearly confirmed by the rejection of the dma 50 line, eurcad is creating a new HL location and I expect it to drop to 0.68 fib
CHFJPY broke his supply zone, expecting a very rapid decline of about 75pip as the entire pattern is under bearish pressure.
I predict this by substituting for the elliot wave model. We can clearly see the waves 1,2,3,4,5 in the 4hr period and now we are in the correction wave A. However, from here on out I decide that wave A is over and I expect a profit of 75pip short wave through wave B
CADCHF features a technically small RSI divergence, the overall pattern is channel-based, the pattern of the LL during the day, and it simply appears that there is room for a clear long oder.
For this I use the correlation of the exchange rates of the overall market. As you can see the USDCHF is on the upswing which confirms that the CHF has weakened in the short term and we have seen the AUD weakening according to the COT report. However, I would like to remind you that this setup may not be 100% successful as it technically bounces over 200 ma in the...
According to the COT report, AUD has been added by a large number of short-order non-commercial traders, so the conclusion is that aud short term berish. As his uptrend fell in the NZD, NZDJPY will definitely touch his fib 38.2. Technically M forming is visible and the final leg is being created, enter the transaction as marked. thank you
The day before yesterday we made a successful profit on cadjpy, now we have another chance, CADJPY has been very weak in the last few weeks considering CADJPY but according to the COT report released last week, CAD has been added long oders by non commercial traders. Technically the pattern is now in the LL phase, and since LH must be created, a clear long order...
Due to the weakness of DXY, all the currency pairs associated with it are going up! Looking at the volume profile we can see that there is a very good volume when considering AUDUSD, all periods are very high above 50MA and 200 MA without any hesitation it is concluded that there is a very good up trend. From the current location, it seems to me that the currency...
Looking at the AUDCHF, the base currency AUD is very strong and all the currencies associated with it are pulling up, however, AUDCHF will certainly pull up in an ABCD setting based on the slowness of the CHF.
You can see that EURJPY has been in a state of Consolidation for two weeks now, the base currency EUR is very strong and the JPY and other real pairs are pulling down but the EURJPY is swinging steadily and the bear pressure has been suppressed by the bull! Now the consolidation limit is broken and you can definitely get a target profit of 85 pip with a very good...
Comparing the fundamental aspects of GBPUSD, we see that non-commercial traders have been advancing long orders for the past three weeks, reducing their short position by about 11,000 orders two weeks ago. On a technical basis, down trend channels are clearly broken. The existing daily resistance has broken down and I conclude that a direct gain of 200pip is...
NZDCHF can be expected to retest again. However, a very large irregular h & s pattern was formed during the 4hr period. It includes a bear flag model and a plan for a clear short order based on the ABCD pattern.
Considering GBPJPY, the clear RSI is at an oversold level and the pattern is well below the 200 ma line, although the pattern up or down trend is unclear. Overall this has a somewhat tendency to fail, lean towards the goal with your knowledge
DXY broke his falling wedge and now he is getting stronger than before, however USDCHF has also broken the falling channel and made a successful re-touch, accessing a long oder targeting easy 75pip, technically a golden crossover in a matter of hours In progress!
CHFSGD is rejecting daily resistance, the resistance of about 32 candles in the 4h period has already declined down, you can see that the 200 MA line is oscillating steadily across. So at the moment the pattern is above 50 MA so I don't see any clear starting point, however as there is a head and shoulder pattern I suggest you get a short oder if the neckline is broken.
GBPUSD revised the forecast, as the week gap was completely changed by the previous pattern.
CADJPY broke the 4h rising pattern and retested that channel again! Now breaking 4h is going down through fib 78.6 and fib 0.618 in an instantaneous downgrade pattern, which can lead to a very good short oder due to the clear ABCD pattern