AUD/USD – Bearish Engulfing H4
Australian vs US dollar currency pair correction reached downtrend line. This spot is also important, because it coincides with local support/resistance. Below such resistances...
USD/SGD (H4): Support and trend line
USD/SGD (H4): Support and trend line
Forecast: Initial rebound from cluster of supports – upward trend line and horizontal level near 1.3620
Alternative Scenario: Move below...
GBP/AUD (H4): Correction to local support
GBP/AUD (H4): Correction to local support
Forecast: Looking for purchase signals near 2.1235 (near-term support)
Alternative scenario: Moving back to lower channel limit
Comments: GBP/AUD moves in...
Harmonic Trading – GBP/CHF Bearish Shark Pattern
In Harmonic Trading articles we look for currency pairs harmonic patterns on M30 and H1 time frames. You need to remember, that formation alone...
DAX Market Update – Monday Summary
DAX shows currently two different scenarios. We will look closer at each of them:
After finishing wave 1, corrective wave 2 appeared which retraced 61.8%...
Price Action Setups Daily – AUDJPY, AUDNZD, GBPJPY, USDCHF – July 28th
AUD/JPY
Interesting situation here – after visible decline and retest of previous low, market retraced dynamically. There is a possibility of forming big Outside Bar...
AUD/NZD (H4): Under key support
AUD/NZD (H4): Under key support
Forecast: Initial target around 1.09 – after breaking below important support
Alternative Scenario: Price will try to move back above support...
EUR/GBP (H4): Reaction under trend line
EUR/GBP (H4): Reaction under trend line
Forecast: Targeting 0.7050 after touching local resistance and downtrend line
Alternative scenario: Trying to breach current cap and moving higher
Comments:...
EUR/USD (H4): Another lower high?
EUR/USD (H4): Another lower high?
Forecast: Rebounding from local resistance zone
Alternative Scenario: Trying to breach current cap
Comments: Price approached another resistance zone in the vicinity...
EUR/AUD (H4): Slow rebound
EUR/AUD (H4): Slow rebound
Forecast: Moving lower from 1.4870-1.4900 resistance zone
Alternative scenario: Continuing increases after slow rebound from 1.4680-1.4700
Comments: Traders should consider short-term PUT options
Payout:...