cheminacci

cheminacci Updated 

EURUSD has began to form a bearish bat pattern on the daily chart. The potential reversal zone is between 1.1381 and 1.1392. Projected target 1 at 1.1124 and stops placed above structure at 1.1489.

cheminacci

With major support being broken the SPX500 looks like it will be heading much lower to retest previous support levels. Major support levels on the weekly chart align with the 1.27 and 1.618 fibonacci extensions of the most recent impulse leg. The market may retest 1730 levels and eventually the 1640 levels over the upcoming weeks.

cheminacci Updated 

Looking at the long term direction of GBPJPY on the Daily and Weekly charts. After doing a little analysis I'm thinking that we may see a small retrace back into the 173.00 levels before heading down towards 157.00. Will Definitely keep an eye on this.