savvyacademy

savvyacademy Updated 

Today's AUD CPI disappointing report plunges AUDUSD to around current month's open price. This dip may be seen as a minor pull back at the backdrop of past bull rally since mid Jan 2016. On the 4 hourly, it seems like a real test for strong bears to break 0.7632 region. Should it proves to be a false bearish breakdown, 0.7834 will be the first Target price while...

savvyacademy Updated 

Follow up with previous GBPUSD analysis GBPUSD has broken out of the large channel. 1st Target @ 1.46 (Psychological level) 2nd Target @ 1.4660 (Feb High)

savvyacademy Updated 

On 4 hourly chart, we are still in midst of a wide trading range. Considering current bullish sentiments, it is likely that GBPUSD will go higher where 1.4436 is a good resistance marked by the 2 different channels.

savvyacademy Updated 

With 3 rising Tops and with a recent bullish rally that is so steep, it is anticipated that a consolidation is in the making. Should Price hold out recent top as resistance, it is likely to fall and gain support at the 1st Support as marked.

savvyacademy

With the bullish trend since Aug 2015, Sep 18 saw a tag of war between the Bulls and Bears with the Resistance zone (1.1432 - 1.1465). Punters cashing in profit gained from US Rates Announcement from yesterday (17 Sep), which happened to be around Fib extension 200% on 1 hourly chart. Short Term Bulls profit taking at Fib extension 127% at Point D Long...

savvyacademy

A classic downtrend channel is seen for EURJPY and the price is lingering around the top channel. Possible to short near 135.75 and to cover around 134.

savvyacademy

EURUSD is within/near Current Month (Sep) High, which is likely a resistance zone. To short around 1.1314 and cover near 1.1227

savvyacademy

EURUSD has broken a multi-month down trend, with signs of bullish strength since mid Apr 2015. There is a bearish setup due to 1.1442 being a multi-week resistance a inverted hammer respecting 1.1442 possibly bearish wedge formation A short setup is shown to be triggered once price broken below 1.1347 and target at 1.0865, leading to a 1:4 risk-reward.