OANDA:XAUUSD Gold, now trading below the major support forged at 1764 and approaching the bullish butterfly pattern completion point projected at 1711. The pattern, if formed, will suggest a bounce towards the daily fractal resistance positioned at 1816 - the 38% fib (+6.15%)
OANDA:AUDUSD After a sequence of patterns formed between the weekly fractals, forged at 0.74138 as resistance, and at 0.70061 as support, Aussie is now approaching the monthly resistance formed December 31 at 0.70320.
OANDA:USDMXN Normally we search for the golden fib retracement after a double bottom or a double top forming the 2618 Let's see how the price will behave after one inverted head and shoulders, followed by the 61.8% fib retracement. We expect the pattern to form one symmetrical ab=cd pattern above the weekly fractal support at 23.37, also the default target for...
BITFINEX:ETHUSD
OANDA:USDCAD One technical double bottom reinforced by the most recent daily fractal support printed at 1.38682, one broken neck at 1.39608 and the most recent 4h fractal resistance printed at 1.40488 right above the default target for the double bottom projected at 200%, and a couple of points above the golden 61.8% fib retracement level. The bullish 2618...
OANDA:GBPUSD After forming one technical double top reinforced by the weekly fractal as resistance printed at 1.26479, the cabe is now trading below the neck/support zone with the most recent resistance between 1.22499 and 1.22966, the 4h fractal and the daily fractal resistance. The most recent support is now positioned at 1.21615 (4h fractal) and the daily...
OANDA:EURUSD
OANDA:EURUSD \m/ Head and shoulders formed above with default projections at 200% fib extension (1.09533); Bullish crab and shark patterns projected at 1.09593 at 161,8% fib extension; Eventual double bottom: neck and validation point above 1.10956 (daily fractal resistance) & default target above one broken neck around 1.11997. Safe trades!
FX:GBPUSD Technical double bottom validated by the neck/resistance breakout | resistance above the broken neck | retracement to the golden 61.8% fib | 1st target for the pattern at previous structure highs (resistance above the neck) | default target for the pattern forming one eventual symmetrical ab=cd.
BITSTAMP:BTCUSD We still need the violation above the descending trendline resistance covering the most recent and previous highs, but breaking above it may trigger more upside momentum for bitcoin, validating one inverted head and shoulders with default projections around 8907.41 - the 200% fib extension.
OANDA:XAUUSD Projected at 1562 and above the monthly fractal resistance - one eventual bearish crab pattern extended at 161,8% fib extension. The pattern formation will suggest a retracement which may put the price trading back to the 38% fib projected at 15173 ( back to the weekly resistance now as potential support ) and the golden fib as a second target...
OANDA:USDNOK "10 Nov: Now rejecting the weekly resistance forged at 9.16481 after printing the new daily fractal above it, at 9.20410, forming one eventual right shoulder. Default targets below one broken neck projected around 8.86950, right at the weekly fractal support, which is positioned at 8.87520." - at Forex Analytix
OANDA:AUDJPY "We can identify three different patterns between 74.777 and the most recent 4h fractal resistance forged at 75.674. The ( orange ) bearish shark pattern, the bearish butterfly pattern ( blue ), and the three drives reinforced by the 4h fractal resistance. Default targets for the harmonic patterns between 74.177 and 73.504, the 38% fib retracement...
OANDA:XAUUSD "4 November: Weekly chart (2): We have the major fractals adjusted, with the monthly resistance now positioned at the previous highs at 1557, few points above the default projection for the cup and handle formation printed below, and the monthly support also adjusted at 1266, the handle. Starting the week trying to recover the previous trendline...