itsjustanalysis

itsjustanalysis Updated 

Next key line of resistance is the 109.0 level, which is a significant Sq9 level and the .5 Fib retracement level.

itsjustanalysis

Open : 1.19177 High: 1.1994 Low: 1.1913 Key Resistance Levels: 1.19360, 1.19470, 1.19581, 1.19691 Key Support Levels: 1.19031, 1.18923, 1.18814, 1.18706 VPOC: 1.19241 EU session trading has propelled the EURUSD pair out of a consolidation area. This rise is mainly due to positive economic data for the EU. The news provided the catalyst for the move out of this...

itsjustanalysis

1. We have a classic tweezer top here with a firm bearish engulfing bar and volume to confirm the honesty of that price move. On technicals, this is extremely bearish. The entire movement of price completely enveloped the 3 previous days trading ranges. 2. The volume profile here is especially telling. The VPOC (Volume Point of Control) is waaaay down at the 2700...

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1. We have a firm rejection area turned into resistance here at. The .800 price level, coincidentally tat is near the Fib .789 area. The rejection is further confirmed by a 2-week-old Gann fan line, the top 8/1 line. Two tests of that level in combination with the rejection near the fib .786 level is a bearish sign. 2. Price on the day was mixed. However, prices...

itsjustanalysis

I am pretty bullish on this chart here. Yea, it looks like a 4 year old got ahold of a placemat at the restaurant and was then given crayons. It looks like a GD mess, I know. But bear with me. 1. This box of congestion here, near a historical support line has been thoroughly tested. And I’m not much of a harmonics guys, but that is a fairly clear AB=CD pattern...

itsjustanalysis

FX:EURUSD I had placed a Gann Fan at the high on 8/2/17 and let it remain there while prices continue to close lower and trade a range for most of the month. It has been my experience that the Gann fans you leave alone for a time show how much their lines can be respected. While price achieved a major high this week, it was firmly rejected, this can be seen...

itsjustanalysis

We have been ping ponging in this area for a little bit on the 25 tick renko. If we move back up to the 1.17745 area and it gets rejected, I would like to see it move down to the 1.1700 area and then breakthrough to the downside for a move towards the 1.16 area. I don't anticipate a huge move to the upside on technicals, but if we do test and range around the...

itsjustanalysis

This is a 25 tick Renko chart, I am looking to short if this retests this historical price line and fails to push higher or breakout.

itsjustanalysis Updated 

50 tick Renko shows that price right on the top channel of the pitchfork. Price could shoot down to return to the mid line (where theoretically most of the trading should happen in the channel. Or price could break out and up to continue its run higher. Stochastics have been overbought for some time and could remain so. The 20 tick Renko shows a little...

itsjustanalysis Updated 

USDCAD has been hammered and just hit hard. Looking for a reversal here after some testing. My reasons for a reversal soon are based on these technical indicators: MACD Just from my quick look back, we haven't seen the MACD this low since 03/2016. It is WAY down and looks like its about to cross up. We just need to be careful about oil's price which would/could...

itsjustanalysis Updated 

I am looking to short NZDUSD this week based upon these following indicators: Price Firm rejection candlestick on the 27th followed by a weak bullish candle on Friday's close. Weaker volume as well. But it remains above the cloud. RSI RSI is in overbought territory and I'm looking for it to start moving down from this level. OBV (On Balance Volume) There...

itsjustanalysis Updated 

There is a nice firm rejection candlestick on the 27th followed by a weak bullish candle on the 28th. Double top also on the daily. The OBV show lower high and has been testing it's EMA, momentum looks like it is weakening. RSI is in overbought territory and looking to start moving down. MACD remains very elavated at these levels.

itsjustanalysis

AUDJPY looks to have a double top on the daily. There is a firm rejection candle on the 27th indicating a reversal is probable. The RSI has crossed down from being in overbought territory. The MACD has also crossed down. The OBV has crossed it's EMA and trending down as well, this is indicating some distribution and selling happening. I am looking to short on a...

itsjustanalysis

Looking for a break of this line to the upside and entering a quarter of a position. If there is a retest of the line as a support line, entering in the rest of the position for a long.

itsjustanalysis

I had this line here listed as a significant historical price point, the break of it yesterday launched it above with the fundamental news releases. However, prices have been receding and returning to older values and a break of this line with price holding below would be a great place to add to shorts.

itsjustanalysis

USDJPY has broken through a fairly tough resistance line and it's currently channeling up. The bottom of the channel is near that resistance line and the 2/1 GANN line. A break of this would probably be a violent thrust down, while a test on that line would shoot it back up well above the resistance line, remaining in the channel and display a confirmation of a...

itsjustanalysis Updated 

This appears to be a good time to short EURUSD for the long-term based on the daily and weekly charts. Weekly There are 3 key areas of resistance that EURUSD has failed to hold above and/or penetrate. * R1 * Fib 0 * GANN 4/1 All of these are within the 1.126 and 1.13 area. Stochastics are also in overbought territory with the fast crossing the slow,...

itsjustanalysis Updated 

Weekly After the US FOMC rate hike on 6/14, NZDUSD has been forming a very bearish inverse hammer on the weekly chart. Stochastics also show it is in overbought territory, with the fast crossing below the short, a very bearish sign as well as a price rejection near the top of the channel. This is one of those setups I like to call, 'set it and forget it'....