adatla850

adatla850

Looking at US30 we can see that we're approaching the bottom of a trend channel. This bottom could potentially act as support for us and could be the beginning of the rally which will take us to all time highs. We are also approaching the 50 EMA which could also act as another layer of support for US30. If US30 manages to break this channel to the downside and the...

adatla850

We got EURNZD currently sitting at an upper trendline which has been respected for the past couple of months. If price respects this trendline then we could see a bounce soon to the lower trendline. We could also see a break above this trendline and if price is able to hold this break then we could see a shift from bearish to bullish once we get a retest and...

adatla850

Looking at the chart for EURGBP we can see that it's currently approaching a trend line which it'll hopefully bounce from which will give us a good indication that we can long this. Next we have a Fibonacci retrace to the .618 level where price is currently consolidated at and this also happens to align with a previous resistance level which appears to have to...

adatla850

We got a bearish bat pattern for NZDUSD on the daily chart so we could expect a drop once we got out of consolidation.

adatla850

It looks like EURNZD has formed an inverted head and shoulders pattern and if we could get a break above the 1.765 zone and the trend line then we could definitely look for some good buying opportunities.

adatla850

If we look at the daily chart we can see that there appears to be a Gartley pattern forming and we could see price rise for the next 2 weeks in order to hit the 110.4 area via the D Leg of the Gartley pattern. Once it hits that zone we would see the completion of the Gartley pattern after which we could see price go bearish for the next couple of weeks or even...

adatla850 Updated 

It looks like GBPNZD broke out of both a major (Purple) and a minor (Black) channel. GBPNZD had respected the major channel since about mid April and it looks like it broke through it not too long ago and it had just retested it. GBPNZD had followed the minor channel for a couple days before falling through during Friday's New York Session. It looks like GBPNZD is...

adatla850

We can see that a Head and Shoulders pattern was recently formed on AUDJPY which gave us a good representation that the graph would be switching from a bullish market to a bearish market. Since June 8th we've been following a downward trend channel and have been respecting it. We can see that price is heading towards the top of the channel which can give us a...

adatla850

CADJPY has been following a downtrend line since around June 8th and it seems it's been respecting that line pretty well. After coming up for a retrace on June 11 and 12 we can see that it hit the .618 retrace level before going down again. This suggests that it'll continue it's bearish movement and it would be a good time to jump into a short in order to grab 100 pips.

adatla850

We are currently on the B-Leg of an Elliot Wave and we could potentially see a 100+ Pip move to the downside early next week. I want to make sure you guess are aware of this setup and make sure to make your own analysis instead of blindly listening to people.

adatla850

We are currently on the B-Leg of an Elliot Wave and we could potentially see a 100+ Pip move to the downside early next week. I want to make sure you guess are aware of this setup and make sure to make your own analysis instead of blindly listening to people.