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...

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