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:...

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