Whichever way I draw every one of the lines is penetrated. Looks like brake of the major uptrend line is a false one for now price dipped below but returned inside the uptrend. At the moment price is against minor yellow resistance. In my opinion if no reversal pattern is seen at this level price will continue to the upside first to expand the range of the lower...
Noticed a symmetry between upper blue line drawn through 3points and lower blue line, both are at the same angle. It is possible that market will respect in the future this borders although only upper line is confirmed with 3 touches the lower one can be a beginning of a formation. After posting lines have moved from anchor points for unknown reason sorry lol
GBPUSD after a bounce off of upper TL of a possible widening formation is moving in a downtrend and has broken through couple of rising TL with possible targets below as orange horizontallines as well as pink diagonal acting as support in case of a triangle formation in making.
GBPUSD main direction for the year is down currently trading in the channel outlined by orange TL's move higher above last high will most likely top it out at 1.3170 gap and conjustion of multiple TLs as well ad year high. Possible continuation of the yearly direction from the current prices will take this pair to area of 1.15
GBPCHF since 2011 is trading in the range of 1.15 to 1.55 with very strong reaction from both of this levels. Last two reactions from 1.15 was weaker and perhaps move lower will continue global trend. At the moment instrument is moving towards upper TL which is confirmed with three touches prior and gap above @1.33 maybe a target. Swap rates are still positive for...
GBPUSD is moving towards 1.31 gap and perhaps will confirm descending TL at 1.31-33 levels before moving lower to the the parity and maybe a closing a gaps from 80s It is also visible that possible widening formation is in progress but pattern needs to be confirmed in this case moves higher to 1.35 can be expected
EURUSD is moving in a global downtrend outlined with two red TLs confirmed by 3 touches The lower TL was penetrated and instrument is in the up-move now towards the upper red TL with possible targets 1.125-1.130 where short positions can be taken to target 1.06 gap from April 2017. In case if upper channel TL is broken move to 1.18 can be expected as a target is...
EURAUD is fallowing a smaller channel inside of a larger one. It is testing fib retracement level from a major move down for a third time It appears to be this level will be broken first and pair will move to the next one. Also it is supported by a minor TL with a multiple touches it will be broken on the next move down after which resuming its move inside the...
EURNZD appears to be reversing major trend and have been trading in Diamond like formation which if brakes to the upside will cover a trens started from 2.6 Currently its building a small diamond like formation but right side is not confirmed yet. price is consolidating at the descending TL which makes it probable to a brake higher with TARGET AT 1.85. It is still...
Instrument is trading in the range 105-114 for last 2 years Its on the the way to the upper boundary at the moment with first gap at 111 and descending TL with multiple touches. It has been making LHLL inside the channel and perhaps move lover 110 can be expected to cover gaps and even lover to cover a strong trend from few years back. in case if it brakes...
GBPUSD have changed monthly direction to the upside and completed its monthly range. Its is possible that the instrument will trade inside the monthly range i.e. channel on 4h or will continue expanding monthly range in same up direction. At this moment is is siting at the descending TL and fib level. Lets see which direction will be set at the beginning of the week.
DJI looking at two possible outcomes 1. brake to the upside from the current diamond will take it to a new highs spiking through upper fat line cause it has 3 touches and sell off from intermittent upper line at around 2800 2. brake to the downside from the same diamond formation will take it to below levels 2400
EURAUD is in uptrend channel LT acting as magnet with multiple touches. On daily and 4H local green TL could be a lounching pad for more upside and when brakes will be heading towards LT. Next week and month beginning of the week will dictate direction for the rest of the year.
EURGBP is building a expending formation and perhaps confirmation of a third tl point. Possible move up to 4H div target 91 or continue down to 87
Upper green line is a magnet GBPCHF is out of descending channel first target is width of the channel, middle of a continuation formation and fib levels 38 and 50