USDCAD has come to dynamic resistance line at 1.3690 which starts from 18.Mar and 29.Sep highs. Expect reversal to downside from the level targeting lower line of the narrowing triangle (yellow) in 1.3380 area.
As expected USDJPY has retraced from long-term resistance area 123.80 down to static support line 120.30. Likely scenario is further USDJPY decline. In short-term outlook USDJPY corrects higher after bearish wave 123.48 -> 120.32, potential reversal points are - 121.20, current resistance from 08.Dec local highs; -121.53, static line, 38.2% Fibo correction level...
USDJPY has broken flat range to the downside and rebounded during Asian session back to 122.25. Retracement from 122.25 indicates sell continuation targeting 121.20 and 120.30.
EURUSD ahead of NFP has declined to 23.6% Fibo correction level to previous bullsih wave 1.0520-1.0980 at 1.0872. In case of impulse move as we've seen yesterday exactly 23.6% Fibo level works as potential reversal point. By now EURUSD showed just two fake breakouts below Fibo support which suggests opportunity of futher growth from the level. Above 1.0872...
After having series of catching knives earlier today it's expected to go on with a try to stop moving train. EURUSD has broken 1.0670, 1.0720, 1.0810, 1.0890 resistance levels and tested 1.0980, projected from ascending trendline from Mar 2015. Above it there's a static level 1.1015. Following resistance area is only at 1.1080\1.1100. Likely scenario is EURUSD...
GBPUSD has approached for 3rd time in recent hours dynamic level at 1.5060. Likely scenario: following positive EURUSD dynamics, GBPUSD closes above 1.5060 which confirms buy entry targeting 1.5160 area. Alternative scenario: kick down from 1.5060 to 1.4970, then another leg up to 1.5160. This idea is an updated view on a broader GBPUSD outlook.
USDCAD has returned to lower line of the narrowing triangle that had designed pair's range in past six weeks. Likely scenario: rebound from current resistance 1.3390 and decline targeting 1.3290, then 1.3160. Alternative scenario: close above 1.3390 and top retest at 1.3460.
USDJPY extends bullish move with low volatility. Pair has stumbled below 123.60 static resistance from recent highs of 09.Nov and 19.Nov. A decline from current barrier down to red signal trendline opens opportunity to sell USDJPY targeting 121.95.
Hi all, Earlier today I've shared a few trading ideas that could help me make my hands and accounts busy despite risky euro positions. Any way Probable scenarios for EURUSD: I. Impulse test of orange support line at 1.0520 (shadow down to 1.0480) and spike up to 1.0670 and 1.0720. Look for additional confirmation with close above with 1.0590. II. Further decline...
USDCHF is testing dynamic barrier 1.0240 that was broken yesterday. Put sell 1.0240 SL 1.0290 (50 pts), take 1.0130 (110 pts, 23,6% Fibo level).
I. GBPUSD has tested weekly support from 2008 highs. II. On 4-hour timeframe GBPUSD has tested and bounced twice from dynamic support created by connecting minimum levels from 08.Jul and 04.Sep, 1.5330 and 1.5163, accordingly. III. Hourly timeframe confirms 1.4910 support level and signal line 1.4970. Close above 1.4970 would confirm GBPUSD rebound from...
USDJPY extends bullish move with low volatility. Pair has stumbled below 123.60m static resistance from recent highs of 09.Nov and 19.Nov. Break above 123.60 would lead USDJPY up to 124.10, long-term resistance where descending line from 2015 top 125.84 meets trendline from Jan 2015. 124.10 test is considered as potential sell entry level.
AUDUSD has broken above 0.7250 static line and extends its upward move in the direction of upper line of the ascending channel, 0.7340.
EURUSD makes another attempt to break the upper line of narrowing triange that has been confirmed by two descending lines from 30.Oct and 12.Nov highs. Close above 1.0625 would indicate further rise in EURUSD targeting 1.0670 (static level), 1.0730 (yellow line on 4H chart) and 1.0790 (Fibo level).
GBPUSD is currently performing reverse test to descending trendline from 19.Nov top 1.5336. A rebound from its projection 1.5070 would indicate pair rising to 1.5180. The target is set by 4-hour trendline which connects 1.5818 and 1.5659 highs from 25.Aug and 18.Sep. Buy GBPUSD 1.5077, SL 1.5050, TP 1.5180.
USDCAD does the other attempt to break narrowing triangle range to the downside. Candle close below 1.3290 would confirm sell entry targeting 1.3205 - 1.3190 area. Consider return in the triangle range as order stop. Alternative scenario: rebound from 1.3350 back to 1.3430.
Since 09.Nov USDJPY makes up a probable flat correction in 123.60-122.30 range. Currently pair rebound is stopped at pivot point 122.85, where descending red trendline from two local highs (close values) meets control line from 26.Oct - 05.Nov highs. USDJPY close above 122.85 would indicate following 123.60 test and growth up to 123.90-124.10 area.
Since 09.Nov USDJPY makes up a probable flat correction in 123.60-122.30 range. Currently pair rebound is stopped at pivot point 122.85, where descending red trendline from two local highs (close values) meets control line from 26.Oct - 05.Nov highs. USDJPY reversal to the downside would lead to 122.00 and 121.50. Sell orders are actual from current area with SL 123.00.