GBPNZD completed a bearish Bat pattern and Elliott Wave 5. RSI shows overbought condition. All three factors signal a near term bearish trade although the long term trend is bullish.
GBPUSD may find support at 0.764 FIB expansion w/ median line confluence drawn using Andrew's pitchfork.
EURUSD Off to 0.382 FIB Retracement w/ Elliott Wave 3 and if it goes further down then it may retrace to 0.5 FIB level w/ Elliott Wave 5.
High Probability Setup: AUDNZD got rejected by 0.5 FIB in overbought condition on RSI. This also has a confluence of regression channel topping. Target @ 1.0847 Stop @ 1.10356 R/R Ratio = 2
Cable high probability setup Set to bounce back from near term support & bottom of Regression Channel and oversold condition. Pending Order @ 1.6924 Target @ 1.7054 Stop @ 1.6859 R/R Ratio = 2
NZDUSD high probability setup. Hits the bottom of the regression channel on short term support level in oversold condition. Target @ 0.8656 Stop @ 0.8486 R/R Ratio = 2
USDCAD high probability setup. Reached the top of the regression channel at short term resistance level in overbought condition. Target @ 1.0708 Stop @ 1.0861 R/R Ratio = 2
AUDCAD high probability setup. Can possibly move 120-240 pips down from the top of the channel Target @ 1.0037 Stop @ 1.0216 R/R Ratio = 2
EURNZD met resistance at the top of Regression Trend Channel. A short targeting 1.5500 gives excellent risk reward. Target @ 1.5500 Stop @ 1.5795 R/R Ratio = 2.4
GBPUSD has retraced to 0.5 FIB few times in the past before resuming it's bullish trend. The 0.5 FIB retracement is @ 1.6938 to which it has come quite close. A small bounce to the resistance level at 1.7189 is quite possible from here.
EURNZD completed Bullish Gartley at Yearly Pivot S1 support level 1.5452 along with Divergence. Target @ 1.63317 Stop @ 1.5374 R/R Ratio = 1.8
GBPUSD got rejected by yearly R1 resistance level at 1.7158. Price action has crossed the bottom Keltner channel. Every time this had happened along with RSI oversold condition (last 5 times) in the current uptrend it was a buying opportunity. Once the daily candle closes above the R1 resistance it probably is a good time to go long.
EURUSD has broken it's Yearly Pivot @ 1.3471. It was tested once before in Feb. This could be a beginning of sustained bearish trend.
AUDUSD has failed to break the Yearly pivot point 3 times now. Unless the daily candle closes above the Yearly pivot point of 0.9446 convincingly it is better to stay out of any long trade.
Retracement drawn from Oct 2008. Gold has found it's price equilibrium at 0.5 FIB level. Next major move will depend upon whether it breaks 0.382 FIB or 0.618 FIB level
EURUSD has broken the descending triangle at the bottom. Target @1.3400 Stop @ 1.3467 R/R Ratio = 1.5
FIB Retracement drawn from Oct 2000 to July 2008. Since July 2008 EURUSD has retraced to 0.5 FIB twice which is also a strong support level. It appears long term the price action it is headed towards 0.382 FIB around 1.3000 handle for price equilibrium.
Gold is getting rejected from the channel top and broke below 0.382 FIB Support. Pending Short @ 1301 Target @ 1292 Stop @ 1310 R/R Ratio = 1