Idea is based on a combination of elliot wave theory, median line analysis and Bollinger bands. The reasoning behind the technical analysis is shown on the chart along with concrete target and stop loss. Good Luck!
Idea is based on a combination of elliot wave theory and median line analysis. The reasoning behind this setup can be found on the chart along with concrete target and stop loss. Good luck guys
This idea is based on a combination of median line analysis and Elliot wave theory. The two gray and blue pitchforks date respectively back to 30-04-2014 and 05-09-2013. Please zoom out to see both slopes. The reasoning behind this technical analysis is shown on the chart, along with concrete targets and stop loss. Good luck guys
Idea is based on a combination iof median line analysis and Fibonacci ratios. Don't hesitate to ask if you want to know more. Chart contains all reasoning behind this technical analysis and concrete targets and stop loss!. One can argue that going long from current price is not bad considering the RR, however personally I would wait for the price to stabilize of...
Please zoom out to see the older downward slope. The technical analysis is based on this slope. Chart contains all info needed. Good luck guys
When one considers where price is at right now, then it is not yet possible to say with absolute certainty that NZDUSD is going lower. We are still sitting on top of a strong support line. Only when this line is broken and closed under (on 4hr chart) then I will have a bearish bias. The reasoning behind this technical analysis and concrete targets are shown on the...
Median line analysis and Fib ratio's indicate that USDCAD can not close higher than last weeks high. Price is on the verge of breaking an Andrew's (gray) pitchfork that dates back to 09-04 and thus about to resume it's downward slope (blue pitchfork ) that dates back to 31-01. Expect price to form a double bottom with the lows from 08-05 before going up again....
Chart contains all info. Good luck. If you want to know where we might go from here look below in the comments section. cheers
Are we good to go? Is it a higher low, nicely placed at the lower median line parallel of the blue fork? It looks like CADCHF has found nice support at the 0.382 retracement, which is way above the half-way of the May rally and thus seems to be a factor conducive to further up trend advancement. I find the CAD to be very strong and to have a lot of latent bullish...
Could be another broadening wedge pattern. AO divergence and first red bar on oscillator on the 4 to 5 impulse. Median Support <190. Keeping it simple here.
Price has tested a sliding parallel of the slope( that dates back to 05-22-2013) multiple times and couldn't close above it. Additional reasons for entry can be found on the chart. Good Luck
One of the strongest trends of the recent days have allowed this market to recover more than 61.8% of the last swing down (seen on a daily chart). Now 0.83 is in sight. It can be reached and breached, as such strong markets tend to test the upper median line parallel. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume...
Price seems to be following this dark red Schiff down fork. The NZD has been very weak of late, while the CAD - contrary to what was observed not so long ago, but in March this year - has been very strong. It may continue down to the level of 0.91 or even lower. Is 0.90 going to be tested? I don't know, but if this trend accelerates, it's possible as...
Current price action seems to be following the slope of this modified Schiff Median Line set. Has it found support yet? I don't think so, as the potential buyers would have a problem with placing their stops here, so I expect a further decline. The CHF continues to be very weak and its momentum is now flagging. The JPY is doing quite well, it is strong and gaining...
I think GBPUSD is entering a range, if not already in a range from a long term perspective. I have given the supporting explanation within the chart. I have also provided a potential short opportunity in the near term, as explained in the chart. This is backed by the Volume analysis done in the linked Futures chart. Do let me know your comments.
I have published a GBPUSD trend analysis daily chart. This futures chart is supporting the analysis published in the other chart.
Opportunity explained in the chart itself.