Top Down Analysis:
Monthly:
The pair is stuck in a range since 2015;
Key Resistance comes in at 0.775;
Key Support comes in at 0.7225;
Weekly:
Range;
Key Resistance comes in at 0.78750;
Key Support comes in at 0.71600;
Daily:
Price is overextended to the upside;
May find Resistance on 0.775 level;
Found Resistance at 0.7725 which is 161.8 Fibonacci...
Top Down Analysis:
Monthly:
The pair has been in an uptrend since mid 2012;
On May/17 we've had a break of Pennant Pattern;
Price made a Pullback and rejected 1.45 level with two beautiful Pin Bars, and started trend continuation on October/17;
According to Pennant Pattern target projection, we might hit 1.73 in the coming months
Resistance comes in at 1.625, and...
Top Down Analysis:
Monthly:
Down trending since 2008;
Price retesting key 1.2525 Support as Resistance + Trend Line;
If we see successful rejection of these levels, the pullback move from 2016 will be officially over and can expect further down movement;
Weekly:
Price respected an Ascending trendline from 2017, making HH and HL;
After consolidation for 13...
EURJPY
Top Down Analysis:
Monthly:
Uptrend, trading inside a parallel channel;
Price is currently in between the key levels of 136.5 and 128;
Strong rejection on 136.5 resistance level;
Weekly:
Break of key resistance level 131.9;
131.9 was support for 12 weeks, and resistance for 7 weeks;
Break of that level shows signs of continuation of the monthly...
Top Down Analysis:
Monthly:
The pair is stuck in a range since 2015;
Key Resistance comes in at 0.775;
Key Support comes in at 0.7225;
Weekly:
Range;
Key Resistance comes in at 0.78750;
Key Support comes in at 0.71600;
Daily:
Price is overextended to the upside;
May find Resistance on 0.775 level;
Found Resistance at 0.7725 which is 161.8 Fibonacci Extension...
Top Down Analysis:
Monthly:
The pair has been in an uptrend since mid 2012;
On March, we had a break of key 1.592 level; which is the historical high in this trend;
Although we have this break, price is far from the 20EMA, which means we might find a pullbcak yet this year;
Bias is bullish for the April and May;
Resistance comes in at 1.60800
Weekly:
We have...
Pin&Drive Pattern at Key Resistance;
Double Top + Fake out;
Three Inside Down Candlestick Pattern;
Entry:
Candlestick Pattern;
Stop Loss:
A few pips above the High;
Target Profit:
Double Top Neckline;
Monthly:
Falling Wedge from 04/15
Price is currently in between the key levels of 1.713 and 1.676;
For 6 months price rejected key support;
Weekly:
Clear Higher Highs and Lows structure since 2017;
Currently consolidated for 18 weeks;
Break of 1.713 shows signs of continuation of the monthly uptrend;
10EMA is has been above 20EMA all this time supporting trend...
Top Down Analysis:
Monthly:
The pair is stuck in a range since 2015;
Key Resistance comes in at 0.775;
Key Support comes in at 0.7225;
Weekly:
Range;
Key Resistance comes in at 0.78750;
Key Support comes in at 0.71600;
Daily:
Price is overextended to the upside;
May find Resistance on 0.775 level;
Found Resistance at 0.7725 which is 161.8 Fibonacci Extension...
Top Down Analysis:
- Monthly: Price is ranging in a rising wedge
- Weekly: We've had 3 strong weeks of rallys and previous candlestick showed rejection of 50EMA. Selling pressure expected for this week
- Daily: Friday printed a bearish Pin Bar rejecting the key daily level 79.150 and Mo/W descending Trend Line area, after Thursday's engulfing
marubozu....
Top Down Analysis:
Monthly:
We've been in a consolidation of a Bear Flag since 2016, on Jan and Feb candlesticks we've had the rejection of the 91.5 level and the break out of the Bearish Flag pattern;
On March, this pair printed a Pin Bar rejecting 80.550 Support;
10EMA crossed below 20EMA;
Weekly:
Price is in a pullback of the Flag breakout leg;
Pullback may...
Top Down Analysis:
- Monthly: The pair has been in an uptrend since the start of 2017;
- Weekly: Last Weekly candlestick broke above previous resistance, bullish activity expected for the coming week;
- Daily: Break of Bearish Trend Line of 25/01, 01/02, 26/03 highs. Although we broke above, Friday printed a Bearish Pin Bar ;
- 4 Hour: First candle of market...
-D1 broke a long trend line.
-H1 completed a double top pattern
Now monitoring H4, wanting to see a retracement to the 0.5 level, in confluence with 4H 50EMA
