GBPAUD – simple correction and resumption of the main trend
GBPAUD pair shows an upward trend since March 2013. Since then the price moves in the trend channel which was tested on last Monday. Recently...
EUR/JPY (H4): Retesting of support zone
EUR/JPY (H4): Retesting of support zone
Forecast: Moving higher after testing new support at 138.00
Alternative Scenario: Getting lower to area near 137.00
Comments: Price is probably...
Price Action Setups Daily – EUR/AUD, GBP/CHF, USD/CHF– August 14th
The next week I will not publish Price Action analysis – due to my summer holidays. For today we have three currency pairs: EUR/AUD,...
Price Action Setups Daily – EUR/AUD, AUD/JPY, GBP/CHF – August 13th
AUD/JPY
Australian dollar to Japanese yen at H4 chart formed an Outside Bar formation, which looks really interesting. I put sell limit order at 50%...
GBP/JPY (H4): Moving back below resistance
GBP/JPY (H4): Moving back below resistance
Forecast: Candles with long lower wicks indicates upward impulse towards 195.20 resistance
Alternative Scenario: Moving back to the channel downward...
EUR/GBP (H4): Time for a correction
EUR/GBP (H4): Time for a correction
Forecast: Corrective rebound from 0.7160 targeting nearest support at 0.7100
Alternative scenario: Moving back above resistance zone
Comments: If price moves...
Price Action Setups Daily – EUR/JPY, AUD/JPY, GBP/AUD– August 12th
AUD/JPY
Australian dollar to Japanese yen decisively rebounded from resistance. Since longer period of time I mention about that possibility in my analysis, however this...
EUR/GBP (H4): In the resistance direction
EUR/GBP (H4): In the resistance direction
Forecast: Moving towards 0.7160 (previous high)
Alternative Scenario: Moving back below downtrend line
Comments: Buyers after breaking above previous resistances are...
EUR/JPY (H4): Demand getting stronger
EUR/JPY (H4): Demand getting stronger
Forecast: Retesting 138.00 resistance (now support) from the top and looking for further gains (main target at 140.60)
Alternative scenario: Moving...
Price Action Setups Daily – EUR/JPY, GBP/AUD, GBP/CAD – August 11th
EUR/JPY
Cross pair entered resistance zone, but we should take into account that yesterday’s daily close was the highest since June and may forecast higher...