andrewman520

andrewman520 Updated 

H&S PATTERN break out on the upper side, Price target around Fibo extension level around 161.8% 0.7213 which is exactly the level of head and should's price objective level. MACD on daily chart showed the long is controlling and 4 hours chart give you a lift up and the directional index shows price got high possiblity to go upper trend instead of trading...

andrewman520 Updated 

I publish the 4 hour chart, but I have done some work at daily chart and this idea is in line with the daily chart. Hence on longer time frame, we are on the same picture. Risk/Reward is 2.05 which is good. I set up the stop loss at 127.8 and target price at 129.817. Fibonacci showed me 168% same as the trading range once the price break out the upper...

andrewman520 Updated 

Detrended cycle, it might give some indication of the long term movement of DXY. Half way to the end of the current cycle. The Price target might go up to touch the 101 again and followed by major falling, beware of the time signal to enter position.

andrewman520 Updated 

Jan 28th early morning Federal reserve is going to announce the rate, while the percentage of not raising interest rate is very high, and the fact that the federal reserve can't not lift the rate is also very clear. Fundamentally, I would expect that the Euro will attack back. Technical showed me that from cycle point of angle, this is just a beginning of the...

andrewman520 Updated 

This doesn't give you a trade idea. it gives you a recap on how the cycle develops and the price develop due to the current volatility. it can be used to give you a fundamental reflected technical analysis. Cause the price action tell everything on the fundamental. too much strong rally due to USD strengthen.

andrewman520 Updated 

DOVISH statement by BOJ and ECB, Cause the asset price jump up. While, the carry trade could possibly continue, the AUD could jump back to upppter trend with the asset price, BOJ as I said few days ago, they can't let the JPY to appreciate further. This will hurt the export company and bring down the headline inflation. With the fibonacci fan speed resistant...

andrewman520 Updated 

BRENT has been rally for couple of days due to the dovish statement from Central bank. The risk on mode seems a bit cover, but there is no sign of DXY turning into SOUTH. The sentiment still depressed. From Technical side, MACD ready to jump off and the ADX indicated that the directioanl momentum is going to be exhaused. Price action tell you a good risk...

andrewman520 Updated 

Divergent for the indicator and the price action which form the 1st evidence. 2nd is the triangle is formed and the price already break out the triangle resistant. 3rd the 5 wave pattern is completed. price target at 0.700 the retracement level of the fibo retrace level 0.382 level and plus the small double bottem pattern give your the same price target....

andrewman520 Updated 

AUD has been drop with recent concern about the commodity price. While the AUD government will let the AUD to de-valuate to fast due to their continuous effort to stablise the eco. JPY has gone to far to appreciate together with USD. This will trigger the BOJ to do something. With the ECO policy difference between these two country, it is good risk reward to...

andrewman520 Updated 

EUR has been strong due to the recent market projection on the FED rate hike path toward the year end will slow down, this give some fundamental strength to EUR. but there is too far for EUR to back in "shape". ECB might going to have another round of QE and there is nothing ECB can do but to continue their monetary experiment. Technical give you a very good...