Silver forming ABCDE trend continuation pattern prior to the US election with final E wave to complete. A bearish candle reversal is critical at the distribution zone to enter silver short to fulfil final E wave drop. Key Points: Price holding below the 200 EMA Price holding below the 50…

GBP/JPY daily chart pulling back to 61.8% Fibonacci retracement along with bullish hammer outside Bollinger band. GBP/JPY price hovering below the 50 EMA and trend line making its 4th attempt to slice through to commence the new trend. Flags, triangles, or pendants may form above the trend line for further…

Price at 78.6% Fibonacci for possible upside to tag 0.70760. Crucial to enter AUD/USD after bullish candle reversal signal.   AUD/USD – Multiple signals suggesting the bounce including price outside lower Bollinger band, 78.6% Fibonacci retracement, and candle rejection.     Key Points: 6% Fibonacci retracement tagged Price at lower…

GBP/AUD daily resistance range broken simultaneously with the 200 EMA. Looking for a pullback at 78.6% Fibonacci to the accumulation box with bullish candle reversal for confirmation to take GBP/AUD to target 1. Key Points: Volume dropping with higher high and higher low candles Price holding above the 200 EMA…

EUR/JPY 1-hour downtrend could now be over with huge spike in volume but no follow through absorbing selling pressure. Bullish hammer also confirmed at double bottom support line on daily. A clean close above the trend line would be desirable for confirmation entry, but an optimal signal can also be…

EUR/GBP holding demand zone and tightening through the compression wedge on the daily. Strong candle continuation after two bar reversal, must wait for a retracement back into the optimal entry. If price stays bullish, chasing is not desired. We could see a small flag pattern form on the 15-minute time…

Potent gravestone doji candle confirmed on Fridays 4-hour time frame close at major resistance 0.91000, signaling bearish momentum for EUR/GBP. EUR/GBP also crossing below trend line on 1-hour time frame confirming execution to target 0.90600. Key Points: 4 Hour – Gravestone Doji @ 0.91000 1 Hour – Crossing trend line RSI…

AUD/JPY low volume pull back on the 4-hour time frame coinciding with technical signals. Bearish engulfing pattern closed on Friday signaling the entry for AUD/JPY to target the lower Bollinger band as low as 74.200. Key Points: 4 Hour – Shooting star above Bollinger band 4 Hour – Price below 50…

Quite a few signals suggesting GBP/USD is ready for a short term fall back to test 1.3000. GBP/USD – Daily chart also confirming price at 61.8% Fibonacci retracement and in overbought territory supporting the thesis. Once price hits target 1, it would be wise to book partials or move stop…

Bullish candle reversal outside Bollinger band suggests we could see short term rise in price to 12850 for DAX.     DAX – Moving the stop to break even would be a wise move once target 1 hit. Watching the SPX also for momentum push to support the DAX up…

GBP/AUD has three weekly chart resistance signals aligning for a possible short-term drop. Price could break the high then form a bearish reversal for entry, but any type of shooting star, bearish engulfing, or dark cloud over in the disruption zone is acceptable for an entry in GBP/AUD Key Points:…

AUD/NZD sitting at the lower Bollinger band on the daily chart clustering with 200 EMA. Price also break above 1 – hour time frame trend line, and 15-minute chart showing a flag for possible upside. Wait for a clean break of flat for AUD/NZD execution. Key Points: Daily – Price…

AUD/JPY supporting price with multiple signals suggesting a short-term bounce. RSI divergence in the oversold territory clusters with 78.6% Fibonacci and a drop in volume gives us enough signals to enter AUD/JPY with any bullish candle reversal.   Key Points: 1 Hour – Outside lower Bollinger Band 1 Hour –…

USD/CHF strong impulse sell down onto major Fibonacci 61.8% coinciding with price smashing through lower Bollinger band, RSI oversold territory and drop in volume. USD/CHF – This signal cluster shouldn’t be ignored following a bullish candle reversal for a short term bullish advance.  Key Points: Price holding below the 200…

NZD/JPY advancing into the 70.00 resistance level for a possible distribution zone. Must wait for a solid bearish candle reversal signal for optimal entry, or a solid candle close below the yellow trend line for NZD/JPY supporting entry.   Key Points: Price hugging above the 200 EMA Price holding above…

Daily consolidation onto 61.8% Fibonacci is signaling a possible base for EUR/GBP to commence its secondary bullish impulse. EUR/GBP failure to hold the 50 EMA on the 1-hour time frame may force a bearish push down to key round number 0.9000. At this level it is crucial to look for…