Following our previous analysis on the S&P500 index of listed shares (), we have been monitoring the index closely in its movements as it ultimately broke the weekly high around 2877. What seemed a first attempt to the downside was followed by an identical attempt, marking a running flat pattern (which we have drawn in purple). At which point we knew the index was...
Following our previous daily analysis (), we can now see that the pair has already had a small impulse to the upside, commencing an upwards correction fo some kind. This might not be, however, the big correction we are expecting on this pair as yet. Bear in mind, in fact, that on the weekly and daily timeframe there are two running flat patterns, both...
The NZDUSD pair did not behave as we expected it to do, and never turned for the big up move we were, for reasons of potential profit, hoping it would do. Our previous analysis is therefore invalidated and the chance that the pair goes to retest or break previous weekly highs is no more existent. However, now that we know that the pair has or is about to complete...
The downward movement on the EURUSD seems to have stopped abruptly, calling for an analysis update. As it has become clearer on the daily timeframe chart, the sharp downtrend that commenced in April and has brought the pair to the 1.15 area, did then go for a daily correction, which is the first (A) wave of a greater correction. Once completed the A wave, the pair...
Following our previous analysis on the S&P500 0.33% index of listed shares (), we are still expecting the downward move with an excellent profit potential and a great risk to reward ratio. The price action in the last sessions has put in play a new attempt of breaking the previous top, showing us a well known pattern in play that we are showing in this update....
We are expecting the american 500 index to complete the "C" wave of the big 4hr correction it is currently in, before resuming it's longer term uptrend on the daily and weekly timeframes. From this moment on therefore, we will be looking for sell setups, on this pair. The pair has formed an ending diagonal type formation to the upside, preparing for the fall, and...
As mentioned in our previous analysis on Bitcoin (), although the cryptocurrency was getting ready for an up move, this move to the upside (which is currently happening) remains a correction for future downside. In other words, the big daily / weekly upwards impulse everyone is waiting for, is still very far from happening as it stands now. This however, does not...
NZDUSD seems to be in the process of beginning a minor uptrend the movement of which could potentially bring the pair to the 0.725 area. On the weekly timeframe, according to our last long term analysis, the pair is in fact in a longer term downtrend, however, before resuming such downtrend, it needs to complete its "C" wave to the upside, which represents the...
As mentioned in our previous analysis on this pair (), after the small impulsive trade to the upside and as soon as the pair would have hit the previous top at 1.0057, we were expecting a fast and strong drop. For not so aggressive traders who aren't in this short trade as yet, wait for a not-so-small 60min correction before opening short positions, then sell the...
As it stands now, it seems that GBPJPY has completed its abc corrective structure and will need to go for one more downside movement, on the 4hr timeframe. From this moment onwards, therefore, we will be looking for sell setups on this pair. Watch for minor trend breaks, ending diagonal patterns on the 60min timeframe or wait for a first impulse to the downside on...
Following our daily timeframe overview on EURCAD (www.tradingview.com), we believe that a bit more downside on this pair could be expected. On the 4hr timeframe chart, we can see clearly that the pair has gone for a downside movement and then for an extensive correction to the upside. The correction could be coming to the end right about now, and this could be a...
It seems that the EURUSD pair still needs to complete the bigger 4hr timeframe "C" leg of the ABC correction it is currently in, before resuming the daily downtrend. Reason for which, from this moment on, we will be looking for buy setups on this pair. Watch out, therefore, for ending diagonal formations and other price action patterns for an entry point on their...
USDCHF seems to be breaking out of the extensive 4hr correction it has been in, to the upside. If the breakout that seems to be happening out now is confirmed, the pair will go and retest the previous top in the 1.0057 area. This is a relatively small movement, however very interesting and could happen fast giving a small but speedy profit. For very advances...
Not much time at the moment to comment, but a movement to the $ 18 area minimum is now expected. We are right now looking for buy setups. For a more conservative approach, wait for a first impulse to the upside (60min timeframe) wait for a small correction of said impulse on the 60min timeframe, and buy the break of said correction with a stop loss beneath it. If...
On the 60min timeframe, EURUSD is completing a running flat, before going for one bigger upside movement which will complete the bigger regular flat. Watch for breaks, with a stop loss above the small flag type correction and a target in the 1.61 area. Don't forget that this is an irregular correction within a bigger correction. If you feel that our analyses and...
As forecasted on our daily analysis (), the USDCAD pair has, at the end, started a small down move. In the 4hr timeframe, we are noticing that the pair is forming a structure that indicates that the weekly correction to the upside might not be over as yet. To be more precise, as it stands now the pair seems to be forming a big 4hr correction in the form of a...
During last week a different type of consolidation began on certain pairs. At times, consolidation structures evolve into more complex patterns leaving many traders baffled and worried that their original analysis is wrong. What we do, in these cases, is re-look at the previous medium term analyses on the daily and weekly timeframes, and double check that they...
A nice buy setup is forming on the one hour timeframe, on FX:NZDUSD . Indeed a very similar buy setup is forming also on the AUDUSD pair. Both pairs have been striving for some upside. Because the potential of the coming upside can be quite big, and more specifically on the NZDUSD pair can go and retest previous highs or higher, we will take all the good buy...