long1996

long1996

Daily: After a strong correction rally to 145.5, the pair has quickly pushed back support 144 and consolidate near mid 142 region. The push below 144 has also broken the small uptrend. Following that, the pair has bounce back upwards to test the upside at 144, confirming the break of small uptrend. The resistance 144 has also held for 3 consecutive days and...

long1996

Daily: After a steep correction rally, the pair has found resistance at 1.725 region as it printed a shooting star formation followed by bearish engulfing signal that pushed it towards support 1.155. The pair has formed a new Lower High as it rejected 1.165 with a shooting star followed by a bearish marubozu that closed extremely bearish just above 1.155...

long1996

Daily: As we can see from the chart, the pair has respected the downtrend and printed a new Lower High, signaling a potential leg lower to form another new Lower Low. In addition, the pair has also broken below the 128.5 support which has previously printed a pin bar formation. A sustained break would expose the pair to downside 127 where it will find the next...

long1996

Daily: In the previous weeks, the pair has completed the double bottom formation and successfully reach the target at 1.71. However at resistance 1.71, the pair has found strong resistance for 2 consecutive day as it printed a strong Shooting Star formation and closed just below 1.70. The resistance also coincide with the downtrend, indicating that there could...

long1996

Daily: As we can see from the daily chart, the downtrend has been respected (Down arrow) as the price has bounced multiples times from the trendline. The pair has also broken below the small uptrend and retested the upside, as seen by the sharp rejection on Friday as it touched the EMA 50 and closed below 1.295 region. The pair is expected to continue another...

long1996

1. Following the previous week bearish move, the pair has broken the 1.14 support. The pair has tried to push lower but it has found a temporary bottom as a correction rally is started. The rally has managed to push the pair back above 1.14 region as the weekly candle closes. 2. If the pair managed to find further support on 1.14, it will extend the correction...

long1996

1. After an extended bearish run, the pair has printed a doji. Indicating the bearish momentum might stall as it enter a correction rally. 2. The pair has to retest the upside at 142.5 - 144 to confirm the break and for more downside to materialize. The region is also a potential supply zone where the seller will reenter. 3. A rejection on the supply zone would...

long1996

1. After an extended bearish run, the pair has failed to push lower and formed a doji formation. This indicates that the pair has temporary lose the bearish momentum and the buyers could potentially push the pair into a correction rally. 2. The pair is expected to pullback into the resistance and supply zone at 1.285 - 1.29 region. A rejection printed on that...

long1996

1. The pair has retested the neckline of H&S at 1.76 and promptly rebounded sharply to the downside at 1.74. 2. The pair has closed above 1.74 region. This region is important because at has printed a Pin Bar formation last week and it is also the July's Low. A clear break below 1.74 is needed to confirm the direction of the pair. 3. If 1.74 is broken, the...

long1996

1. The pair has break below the consolidation range at 0.7325, exposing the downside at the next support 0.72. 2. The pair has printed a pin bar formation as it quickly challenged the downside at 0.72 and was rejected sharply as it found strong support. 3. If the pair can make a sustained break above 0.73-0.7325 region, the recovery is likely to extend towards...

long1996

The pair is still in a strong bearish trend. It is currently in a pullback to form a new lower high after an extended bearish run. Similarly to EJ, it has seen limited action during the asian session as the traders are waiting for the Euro news release. The pair is currently sitting on psychological level 1.14. The pair is expected to continue the rally relief...

long1996

The pair is still in a strongly define bearish trend. The pair has pullback at around 140.25 region to 141.75 region where it was meet with strong supply zone in the north america session. Following that, the asian session has seen limited action as the buyers & trader are waiting for the news release in the london session. The pair are currently hovering around...

long1996

After an extended bearish run, the pair has pullback around 125.2 region towards 126.75 where it faced some selling pressures. In the asian session, the pair has seen limited buying pressure as the news are coming out in the london session. The pair will likely face strong supply zone at 126.75 - 127.25 and strong demand zone at 126.1. A break & retest below 126...

long1996

1. After the break of the rising wedge is confirmed, the pair has consolidated and form a descending triangle indicating bearish momentum. 2. The pair has broken out of the neckline at 144 region with a bearish Marubozu and closed extremely bearish at 141.6 region. The pair seem to found some minor support on the Psychological level 141 before bouncing back...

long1996

1. The pair has respected the new lower high and break down to the downside. It has broken a key support 126.75 and has closed below near 126.5 region. As the pair has closed extremely bearish, I will be expecting the pair to go through a minor pullback towards 126.75 before continue the descent. However, the degree of the pullback would need more confirmation...

long1996

1. The neckline of the H&S is broken with a strong bearish Marubozu. From the previous weeks, we can also see that it is extremely bearish as it form the 3 Black Crow pattern indicating strong bearish momentum. 2. The pair has closed above the Psychological Level 1.4, indicating that it found some minor support at this region and a retracement might took place. ...

long1996

Following previous weeks evening star formation, the weekly chart has printed out a bearish engulfing pin bar formation which indicates that the bulls has been wipe out and the bears are in control right now. Furthermore the pair has broken out of the short term uptrend and would potentially target the downside at 127.25 where it has previously meet strong demand....

long1996

The pair is completing the H&S formation as it is testing the neckline at 1.76. A daily rejection off 1.76 resistance would confirm the break and challenge the downside at 1.74 and 1.72. Technically speaking the trend is bearish with significant down move, however headline news about the Brexit and performance of UK economic performance might provide some cushion...