NeverNO

NeverNO

As long as GBPJPY holds below 163.774 on a weekly close, likely April will end negative. In this case I have 2 targets: TP1= 161,538 and TP2 158,974. Here, corresponding to the left side, I have to point out Chopi moves, which means sell in the yellow area, short in the red area and buy in the green area. Only a weekly close above 165.75 would refute this view. If...

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INTRA-DAY TRADING Here I see a strong possibility that the Dow will initially fall in April and later rise towards 34053-34106. Entry as soon as it touches 33445 SL only 5 points @33450. TP1 32865-32834 and if there is the dashed, red abc correction then TP2 @32699.

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On the daily, we see the green future cloud which suggests that USDJPY can at least rally to the red baseline. I have 2 first targets: TP1 = 132,478 TP2 = 133.71/133.775 = 50% FIB.

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This week is a positive recovery turn. As long as the green cloud is not overcome, it will probably represent resistance. The goals are: TP1 = 7463 TP2 = 76.09 TP3 = 76.61

NeverNO

Since the September 2022 high, CHFJPY has already formed the A and B waves, and we are now in the bearish wave C. Assuming wave C equals wave A, then there should be another high by April or May at the latest, from which consistent falling movements should then start. The sell zone (marked in yellow) is between 144.40 and 146.6. I added 2 more paths (red and gray)...

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EURUSD can reach 1.08622 in the first week of April, so if it stays below that level, time will tell if it will go down the red or up the blue path. I personally prefer the red path and target @0.98807.

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INTRA-DAY TRADING After the rise so far, I see completed wave 5, so a correction would be appropriate...however, it can be of variable depth as indicated on the chart.

NeverNO

After last week's sharp drop, I conclude that further losses are to be expected. 1Q will stay below 33147.26 and close the gap at 31082.57. Early June may be time to turn bullish again with a target of 36722.60 to exit the yellow B. If this view works, then driving the yellow C would be a trader's dream. On the downside, MA200 should be reached and this should...

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I think DXY should turn this week. Confirmation: The daily price should not drop below 101 and close below it. Watch 101,601 & 101,435 as turning points for a long entry. The recovery could be 0.50% / 0.618% Fib. Yellow circles mark TP level. If this scenario is true, EURUSD will fall.

NeverNO

In this structure, I present a several-month, higher-level red ABC correction. I am assuming the January 16th low formed the red A and we are now in the blue wave 4 from the red B which consists of the green subordinate ABC formation.

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INTRA-DAY TRADING EUR JPY should fall, targets are marked with yellow ellipses. If not today, it should be done by tomorrow evening. SL over 145.62

NeverNO

Keep an eye on MA 50 (right now it's 11783.2) because if the NASDAQ 100 daily candle closes below, then according to the red arrow it goes down to 11328.9, but stays above then the blue arrow follows.

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--- I think the EURCAD gives us a good opportunity to short. Confirmation of a several month downtrend is a break and close below 1.44457 on a weekly basis. Staying below this level consistently provides safety towards 1.34908 target. Such chances have to be recognized and acted upon. --- Conversely, if there is a weekly close above 1.4694 then the downtrend will...

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Chart wise, CHFJPY should stay above 141.88 this month and climb towards 146.07-146.318 (target). SL141.65 If it works the trade would give almost 400 pips.

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Gold should fall a bit more. The following targets are: $1798,425 $1792.63 and $1787.347 = 50% FIB (Since Sep 28, 2022 to the last high). Confirmation of a lower price is going below $1810 on a daily basis. The reversal could happen on Thursday (02 March).

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In the previous chart I mentioned that the further course depends on whether the price breaks the resistance @12221 or not and today it was broken to the upside, so here is a new perspective. There are 2 variants of bullish development: 1. Waves 1-5 = red dashed path, 2. ABC = blue path. In both cases the target should be 50% Fib@13602 (up to...

NeverNO

From the monthly chart, BTC just hit 1,618% FIB of the month of November 2022. I think March will be higher than February which would establish the blue wave a. After the corrective blue wave b, the blue wave c should follow, which then marks either the black wave (B) or the red 4. But in general, I think that if BTC does not surpass 32933 but stays below that...

NeverNO

In this TA I presuppose a medium-term ABC correction that has its beginning in the ATH. If the October low of 22 was wave (A), then since then wave (B) has been running, which should end in the last days of March. For the top of the wave (B) I see the area between 34734 and 35160.8 where I have drawn the blue path for 34792.77 and the green path for 35160.80. I...