This is a much longer term outlook on GBPNZD. As you can see on a DAILY time frame, price has been respecting the channel but in the past few weeks has been trying to breakout to the downside. Looking at things from a technical perspective, I see the downside pressure winning this tug of war and taking price to the 1.7500 region. Although, when you factor in...
Here we have EURAUD on a 1hr chart. We finally broke out of a channel so I expect to see a retest of the broken channel around the 61-78% fib region before price action continues to the south side. Trade at your own risk. I am not qualified to give financial advice. Happy Trading :) ~TraderTrev
EURJPY has finally broken out of the triangle its been in for quite some time. It broke to the downside and now I expect to see some give back. This is a 4hr chart. I would like to see a 3rd touch of either of the drawn trendlines between the 61-78% retrace region before continuing to the downside targeting around the -27 region. Ill monitor PA to get the best...
PA on EURCAD is sitting at the bottom of an intraday range. I would like to see price retrace to around the 50-61% region before continuing to the downside and breaking out of the range. My target is approx. 1.53400. Trade at your own risk. I am not qualified to give financial advice. Happy Trading :) ~TraderTrev
I see a potential Head & Shoulders patter forming on the USD/MXN. All the details are listed on the markup. Trade at your own risk! I am not qualified to give financial advice! Happy trading :) ~TraderTrev
Here we have NZDCHF on the Daily time frame. Over the last week and a half this pair has been shooting to the moon and I believe its time for a retracement. Price couldn't push through and stay above quarter level 0.675 giving us a failed quarter transition. I see price returning to around the halfway point between quarter level 0.675 and 0.65. Around the...
Here we have GBPNZD on the Daily time frame. For the last 3 weeks this pair has been in a rapid decline. I think it's time we give some of that back. Price ended the week sitting right at quarter level 1.925 and also a strong trendline. I believe price will find support here before pushing back up two, possibly even three quarters to major quarter level...
Here we have GBPJPY on the 4HR time frame. The end of last week gave us a strong push down and break out of the uptrend this pair was in over the previous week and a half. We ended the week sitting right on quarter level 147.5 and I do believe that price will make the transition down into the next quarter aiming for 145.0 which just so happens to be smack dab in...
Here we have EURJPY on the 4HR time frame. Thursday into Friday of last week we saw price break out to the downside after finding some strong resistance around the 130.00 Major quarter level. This point was also respecting a longer term trend line. After price failed to transition into the next quarter and broke to the downside, price found strong support around...
Here we have EURAUD on the Daily time frame. Last week we saw price break out of a long term bullish channel and find some solid support around the 1.56 region which has acted as strong support in the past. I see price heading back towards the upside this week to retest the 1.58-1.59 region before heading back south. We could see price reject off of either the...
Here we have AUDUSD on the Daily time frame. As you can see this past week we had a clear breakout of a very strong downtrend and found resistance around the 0.73 region which is also around quarter level 0.725. I see price action returning to the 0.71125 area which would fall between a 61% and a 71% retracement of the previous weeks up move. That price point...
Here we have AUDJPY on the daily time frame. Last week price failed to make the quarter transition from quarter level 80.0-82.5 into 82.5-85.0. Also a strong point of former resistance.* We saw a strong bearish engulfing candle to end the week on Friday, and that leads me to believe we will be re testing major level 80.0 this coming week. We will monitor price...
This week with GBPNZD I see more corrective price action. We've been on a steady decline since the beginning of October and I think its time we start to give a little of that back. We still have yet to fill the gap that was created on 10/12/18. I see the pair creating that double bottom before making its ascent to the 61%-71% fib level. (2.01-2.02 region).
For the whole last month, we've seen a big drop in EURJPY. I believe now its time for some correction to take place. I see price retracing back up into the 130.5-130.8 region before continuing to the downside.
1. 3 touches on the trend line 2. 61% fib 3. Ascending wedge = bearish 4. Key level I see this bad boy dropping. *Trade at your own risk. I am not qualified to give financial advice. This is simply MY PERSPECTIVE :)
This is what I'm seeing for EURJPY for Tuesday Sept. 11, 2018. On August 15, 2018 EURJPY made a push up from the 125.3 region all the way up to the 130.7 region over the course of two weeks. Throughout that time, there was no significant pullback. I believe that now we are seeing that pullback. We've made a 50% pullback so far, but I believe that EURJPY will...
This is my analysis for the EURUSD for the week of Sept 9-14, 2018! If you saw my most recent markup, you know I'm feeling bullish on the DXY, so conversely I see the EURUSD dropping this week. This was easiest for me to show and explain on the weekly time frame. All the way back in February 2015 we began seeing strong resistance in the 1.135-1.143 region which...