For those prepared to go against the momentum, a retest of the medium-term uptrend levels seems probable; with reasonable risk:reward even at 1st target levels. Anticipate buying and sharp bounces. Risk-off sensitive. Manage exposure accordingly.
Looking for short-term entry on AUDJPY. Retracement probable, with ~even risk:reward. For improved entry, wait for consolidation/chop between 75.3 and 76.3. Risk-off sensitive. Manage exposure accordingly.
Long term trend: Down Medium term trend: Up Significant Levels: 1.0000 (Significant Round Number & Horizontal Resistance), 0.9770 (Horizontal Support), Uptrend Currently, the price is just below the psychological level (1.0000). We can see that after the very large move on January 15, the price has gone up. This means that our bullishness on this market is...
Long term trend: Up Medium term trend: Up Significant Levels: 11850 (Horizontal Support), Uptrend There is no doubt that US Dollar is still strong right now. After more than a month of being in a bit of consolidation, the price had gone up. Currently, as of writing, the price is just above the previous trend line. The price is making a new up move right now,...
Long term trend: Up Medium term trend: Up Significant levels: 120.00 (Support & Significant Round Number), 122.00 (Resistance), Uptrend This currency pair has been in a steady uptrend lately. It can be seen in the chart that the trend is a smooth and slow upward move. Just recently, the price broke above the psychological level (120.00). This means that we...
Long term trend: Down Medium term trend: Down Significant levels: 1.1350 (Horizontal Support), 1.1650 (Horizontal Resistance), 1.1000 (Significant Round Number), Downtrends, Fibonacci Retracement The price is in a range for quite some time now. There was no moving up or down, but only sideways movement. We are still bearish on this currency pair. Currently, the...
Long term trend: Up Medium term trend: Down Significant Levels: 1180 (Horizontal Support), 1250 (Horizontal Support), Downtrend The trend line is still valid. After the price had gone up, it recognized the trend line and is now moving down, which is in accordance with our downtrend bias right now. Today's price didn't move much yet. Remember that 1180 is a pretty...
Long term trend: Down Medium term trend: Down Significant Levels: 0.8000 (Significant Round Number & Horizontal Resistance), 0.7780 (Horizontal Support), Downtrend, Fibonacci Retracement, Rectangle A small rectangle pattern was formed on this chart. The price consolidation remained for more than two weeks now, which indicates that the market is indecisive on...
Long term trend: Up Medium term trend: Down Significant Levels: 0.7370 - 0.7460 (Horizontal Support), 0.7660 (Horizontal Resistance), 0.7000 (Significant Round Number), Fibonacci Retracement Currently, the price is just below the 50% Fibonacci Retracement level. As we are still bearish on this market, we would look for a probable Short trade. We would prefer to...
Long term trend: Up Medium term trend: Down Significant Levels: 1.5100 (Horizontal Support), 1.5420 (Horizontal Resistance), 1.5000 (Significant Round Number), 1.5320 (Price Gap), Downtrend Line We found two downtrend lines on this chart. Currently, the price is near one of them. We could see the price move lower today, as the price reached the outer downtrend...
Long term trend: Down Medium term trend: Up Significant Levels: 0.9000 (Significant Round Number), 0.9160 (Horizontal Support), 0.9400 (Horizontal Resistance), Monthly Downtrend, 50% retracement of the very large bearish bar The price is currently in a significant solid area right now. It reached the 50% of the very large down move that happened with the Swiss...
Long term trend: Up Medium term trend: Up Significant Levels: 11760 (Horizontal Support), 11850 (Horizontal Resistance), Uptrend Channel US Dollar is still going strong. The price is still in the uptrend channel. A new support area was found which is in 11760 price level. A bullish engulfing bar formed last Friday near the support area. This indicates that USD...
Long term trend: Up Medium term trend: Up Significant levels: 120.00 (Significant Round Number & Resistance), 117.50 (Support), Triangle pattern The price is just above the triangle pattern and is going down right now. We are definitely bullish here. The price might reject the downtrend resistance part of the triangle and could act as a support. If that happened,...