long1996

long1996

1. Since January 2016, the pair has been in a big downtrend, forming consecutive lower high and lower low. 2. The pair has formed a lower low at the Major Support at 1.22-1.24 region. This indicates that the pair would enter a correction rally to the upside. 3. Following the correction rally, it formed a Rising Wedge formation as it challenge the upside at 1.325...

long1996

1. The pair seems to be in a range bound condition as the pair has rebounded multiples times between the Major Support and Major Resistance. 2. The pair has challenge the Major Resistance multiple time but failed to break above. Subsequently, it printed a Shooting Star signalling a reversal which leads to an extended bearish run, indicating potentially fading...

long1996

1. The pair has broken out of its rising wedges formation in the mid of April. 2. The pair has retested the broken wedge and printed a tweezer top formation signalling the reversal, confirming the changes in trend. 3. Following the signal, the pair has drop rapidly to challenge the support at 145 region. However, it failed to push below it and subsequently printed...

long1996 Updated 

1. The pair has broken and retested the uptrend at the end of April. This indicates a new downtrend and a potential reversal is in play. 2. Then, the pair found support on 1.76 and bounce upwards targeting resistance 1.7925 for a correction rally. 3. At 1.7925, the pair seems to found considerable resistance as it ran into a strong supply zone and printed...

long1996

The pair has found support on 1.16 for 5 consecutive weeks. The pair has consolidated between the range of 1.1775 & 1.16 as it bounce multiples times between the strong supply zone and the Major Weekly Support. In the previous week, the pair has tested the upside at 1.1775 but held back by the EMA 8. The pair is likely to retest the upper region at 1.1775 next...

long1996

The pair has found support on Major Support 1.3125 for 4 consecutive weeks. In the previous week, the pair has challenged the resistance at 1.33 (EMA 8) region but failed to push above as it enter the supply zone for the downtrend. The pair is also in a downward sloping channel, which seems to be having difficulties making new lower low as it found strong support...

long1996

The pair can be seen respecting the downtrend. The pair has found support on 0.67 region and bounce upwards to test the resistance at 0.685. However, the pair has failed to break above the resistance in the previous week, consolidating above 0.675 region. This indicates that there might be another move correction rally to retest the upsides before it resumes the...

long1996

The pair is currently in range bound. It has printed a strong Pin bar reversal signal on the resistance 1.725 region. This indicates the pair has found strong resistance at the upside and would reverse its direction to challenge the downside at 1.67. However the previous weeks has been extremely bullish as it printed strong bullish candlestick. This signify that...

long1996

After breaking out of key support at 0.685, the pair has briefly find support at 0.67 region as it start the correction. The pair is currently retesting the support turned resistance at 0.685 region, which also coincide with the weekly trendline. A rejection on this level would prompt the continuation signal. The pair will likely consolidate between that area...

long1996

The pair is in a strong downtrend. It is undergoing a corrective rally as it has printed several rejection signal on the support at 1.55 region. The previous candlestick also closed near the high signifying the underlying bullish momentum. The rally could potentially continues towards key resistance at 1.875 which coincide with the EMA 21 and 1.175 which coincide...

long1996

The pair has tried to regain its upward momentum but failed as the bears are in control. The small bullish candlestick last weeks indicates that the pair has completed the correction rally and are preparing to resume its downtrend this week. The next immediate target is the daily support at 1.7075 region and 1.68 weekly support. Bias Long-term: Short Short-term: Long

long1996

The pair has tried to break above key resistance 1.79 for 3 consecutive weeks buy failed to do so. It has formed a double Pinbar + Inside Bar formation. The EMA has also squeeze together signifying strong consolidation that is followed by a strong explosive move. The pair would continue downward to 1.76 to test the neckline of the H&S before continues its descent....

long1996

The pair has been rejected off the major support at 1245.5 region. The pair is likely to undergo a correction rally before it rechallenge the support. The pair would likely found resistance at Fib 0.236 (1272.19) region which also coincide with the EMA 8 & Downward trendline, which the pair seems to respect. If 1272.19 failed act as a ceiling, the pair would...

long1996

The pair is respecting the weekly downward trendline as it failed to push above it forming a pin bar. It also make a new lower high, thus the double top formation is still valid. The key region at 110.75 is also a Fib 0.5 region. The pair would likely go downward to key support region at 109.5 which coincide with EMA 21 and also the neckline of the double top....

long1996

Weekly: With the previous week strong bearish candlestick, the pair has seems to struggle at 1.3075 region, consolidating and failing to push toward 1.30. This signify the market is indecisive on the direction of the pair. But overall the bearish theme will likely push the pair towards 1.30 & 1.29 before a meaningful rejection can be seen. Bias Long-term:...

long1996

Weekly: The pair has previous tested the upside at 1.76 and printed a pin bar (also a new lower high). Subsequently the next candlestick printed a bearish marubozu indicating strong bearish momentum. This signify that the correction rally has ended and the downtrend has resumed. Bias Long-term: Short Short-term: Short

long1996

Weekly: The pair has found significant support on 1.3125 as it failed to break below it and printed 2 Pin Bar candlestick. It also signify that the bearish momentum is fading and a bigger correction might be in play. The pair would potentially push upwards to 1.3475 region where it would find significant resistance before it continue its downtrend.

long1996

Weekly: The pair has failed to make a new higher high throughout the weeks, indicating its fading momentum. However, it printed a bullish engulfing candlestick signifying that the bulls are making a rally trying to break the top of the downtrend. In the coming weeks the pair is likely to continue to challenge key resistance at 111 region for a breakout. Any...