rf16saun

rf16saun

see the chart for the detailed bias for me to go long

rf16saun

Massive correction due will it be 2008,2011 or 2015

rf16saun

Very interesting price action, succesful completion of this pattern will break the Indian rupee to all time low as far as it could depreciate to near 80 level

rf16saun

Beautiful break of up trendline and in a down trending channel. Today price retested the upper downtrend channel resistance and now flowing down. This Pair from last week it has a very unique pattern, wiith in the downtrend channel when ever price spike up bears just grab and bring this down to fib 100% extension. This Week's spike is no different, failed spike...

rf16saun

AUDCHF appears to be completing H&S top, and at the verge of breaking a very important rectangle structure which this pair was from last three months. Watch out for the break of neckline.

rf16saun

This Pair was moving with in a downtrend channel for quite a time now, and with recent price movement and ahead of Fed's meet USDJPY appears to be completing the Cup and Handle chart pattern, successful completion of this pattern will also will break the down trend channel and will push this pair at least towards 114 area with extended target of 118 which is also...

rf16saun

After breaking the down trend line in H4, price formed a cup and handle pattern (Reversal patter) now it is testing the neck line break of which will target the gold price near 1325 area

rf16saun

EJ is in a massive bearish divergence, already broke the divergence trend line now it is heading down to the rising wedge support if broken a smooth short opportunity. One thing to note is USDJPY is not moving much even with strong Dolar performance today, giving the hint JPY appears to be pretty strong.

rf16saun

It appears price broke the April,2017 up trendline and price is in a symmetrical triangle, with the green back strengthening it appears price will break the symmetrical triangle to the downside as well. Next logical stop appears to be in between 1.2700-1.2000 RANGE where important fib zone lies along with some strong support.

rf16saun

Per DXY analysis (Check the previous post) this pair has the most co-relation to the DXY price movement per last week. Dxy potential will fall after re-testing descending channel resistance, this pair has also reached near to the descending channel whereas a lot of fib zone exists. DXY has already broken the counter line to the down side, this pair is yet to break...

rf16saun

DXY is in a down channel and last week price re-tested the channel resistance with inverse H&S failure around 90 level and has broke the counter trend line. Given the well respected channel will price fall back to channel support area around 80.50-70 coming week ?

rf16saun

This pair appears to be going to get heavy pull bck amid dollar weekness, just broke down the bear flag

rf16saun

Last week GBPJPY (GJ), broke a major uptrend line started back in late 2016 with a massive engulfing candle with two followed red days, there was a fake break down of this trendline in mid-2017 after the break price recovered back to form higher high. This time price broke a major support also which it tested three times until this time breaking down with major...

rf16saun

This pair is falling with in a down ward channel, an intraday set-up potentail good risk reward trade to test channel bottom to the down side

rf16saun

rectangle range set-up is one of the high potential trade set-ups since December last year, usually it breaks the rectangle to the downside. This pair is in range bound and have already tested the support twice, if price fail to break to the upside then the chances are price will break the counter-trendline and will break below the rectangle support. Wait for RSI...

rf16saun

This pair is stuck in a very structured zone to play the DXY fall or run, check my previous post on DXY to undestand the structure. Last week this pair formed a strong pin bar before the market close but closed above the resisitance zone. We can go long for immediate resisitance zone for next week till DXY move to 91 level and if it does this pair might be in a...

rf16saun

Watch out for coming week, dollar index is in to a structure zone between 91-92, 91 is much more importance as it fall to Fib 38 retracement with a previous immediate resistance zone and be careful to be short dollar if the price is playing between 91-92 zone as higher time frame suggest bearish momentum a fall from this range will be very impulse

rf16saun

From 2016 this pair is forming an ascending triangle failing to break out, today it is on the resistancce zone from here it has dropped down past two instances to triangle support. This on daily time frame candle has not closed yet, if bearish candle then price might fall down to a decent level as in the past. It is a goos risk reward trade with the pattern if we...