LADEEc57

LADEEc57

Key Points $USDCAD on the 4hr chart is slowly retracing & may revisit the support levels of $1.2727 levels. However, on the daily chart, the trend is still bullish as supported by the 28EMA being above the 49EMA Also, on the daily chart, upside momentum maybe building due to the moves above the longer term trend line connecting both troughs of Sept 2017...

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Weekly bouncing along the ascending trend line connecting Feb 2017 trough to the next trough set in Nov 2017, supported by bullish momentum of 28EMA staying above 49EMA. Looking for an upward push towards $1.2477 followed by a breakout to new highs, setting in motion a bullish medium continuation trend. However, rejection from these levels could cause pricing to...

LADEEc57

It's the year 2014 all over again. That's where most currencies are priced with exception of USDCAD, which should be in the $1.15 range and lower. As for USDJPY, priced like it was in 2014, but back then, pricing was in an upward trajectory. Fast forward to today's markets, and the opposite is happening. Could it revisit parity ? The technicals say so. It has...

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Break and retest of long term trend line leading towards bearish breakdown. Price broke and retested the weekly 49 EMA forming an intermediary down trend line, connecting Dec 2016 peak and running through Oct 2016 trough intersecting the long term rising trend line. Failure to hold and continue beyond that point caused a lower peak formation and breakdown...

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$EURUSD - Price consolidation continues within the symmetrical triangle weekly time frame after failing to break above this trend line connecting pricing points set between Sept 9th to Nov 27th price point. A break above this line at any time would signal a push towards $1.1944 level, with a recoiling movement towards the $1.2090 levels with an intention to...

LADEEc57

Bullish momentum coming into play on the weekly chart. Hockey stick pattern seen repetitively within rising wedge connecting jan 2016 lows to june 2017 trough trend line. In coming weeks price action may reverse lower towards 49EMA line retesting the $52.69 level just above the descending triangle trend line. Should price action hold above this area, I see price...

LADEEc57

After weeks of consolidation price action finally broke upwards after 2nd double bottom completion & getting ready to retest it's long term ascending trend line signalling a trend change back above the 49EMA level. Should price action retest the $0.9774 level & hold in this zone, I can see price action pushing higher, retesting the next resistance barrier set in...

LADEEc57

FOREXCOM:XAUUSD Weekly double top producing LH with price action reversing lower towards 49EMA line. I'm looking for a retest of the long term descending trend line with buyers stepping in to support price action at the $1244 level. Bullish sentiment is waning & turning negative with USD cross pairs ; $USDJPY, USDEUR, USDCAD, showing renewed signs of buying...

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4hr double top followed by a nice breakdown below upward sloping short term trend line on the 4hr chart. Price broke and retested the same trend line but failed to stay above it. As long as price action stays above the H4 49EMA/pivot, trend is positive, but a retrace back towards intra-week lows of $1.1841 would see it follow through towards next intermediate...

LADEEc57

Weekly failed breakout from the 1.2751 area causing a retest of the 1.1950 and confirming down trend change. Rejection from this area could cause a price reversal back above the upward trend line at 1.2500 point with possible convergence with the 49EMA line in the future. I see this pair over extended as it has been a summer of hell as far as price erosion is...

LADEEc57

Th weekly price action started to signal a topping out formation just below the long term downward trend line connecting the May 2015 peak to Jan 2017 peak points. The bearish signal could be countered by a short term trough put in place in the month of June establishing a new short term rising trend line extending to prior trough set in Jan 2016. Bulls will be...

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The 4 hour chart looks to be way overextended to the upside since July and a pull-back maybe overdue as seen by eroding price action over the past two weeks. Price action inability to rebound above the declining trend line connecting prior peak at 1.1844 to 1.1794 level may lead to a bearish trend change. Looking for a retest at $1.1662 which would take it out of...

LADEEc57

Price consolidation continues within the symmetrical triangle weekly time frame after failing to breakout above $114.00 double top pattern formation. A break below the 108.50 lows would signal such a move lower, targeting a retest of lower trend line triangle of $106.37 level. Alternatively, next weeks session, we may see a wedge formation pattern that could cause...

LADEEc57

Price closed above weekly 50EMA, but closed at descending trend line, failing to break above that level, citing possible reversal on expectation of fourth trendline rejection with LH. A failure to break above trend line will show price action continuation of bearish trend. Supporting this theory would be USD dollar index $DSXY reversing it's slide from current...

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FX:USDJPY Weekly tweezer failing to break above key resistive zone at $114.37 inside descending triangle formation pattern. Not helping the situation were strengthening common wealth pairs ; eurusd, usdcad, sterling, over the past few trading sessions, pushing usdjpy into lowest weekly range. As a result, looking for a furthering retrace to interim support level...

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USDJPY Bullish momentum coming into play on the weekly where price action potentially giving us our first APL move towards $114.37 barrier and set to take out long term upper trend line border at $115.27. Should it hold these new levels, i see this pair retesting yearly highs.

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$USDCHF Folks, this is BIG. USD FED rate hike announcement coincides with price action retest of bottom bounce of long term sloping trend line. Is this a coincidence ? or is the FED massaging the FX market ? Look at this monthly chart. Price action broke below $97.00 level and quickly rebounded above the trend line, which is likely attributed to a possible trend...

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UKOIL Weekly ascending symmetrical triangle break down confirmed after failure to hold above $50.00 level. Looking for a retrace back down to value at $44.00 to retest first support levels. Failure to hold at that level would see it fall to next support at $37.00. Overall sentiment continues to be bearish.