US Oil bear flag targeting $37.00

Oil coiling into bearish flat below 200 and 50 EMA for potential downside continuation. Oil – The pattern confirmation requires a solid candle close below the flag for entry with a stop loss trigger above the flag. A secondary option (optimal entry) provides greater reward to risk ratio at the…
October 13th

GBP/JPY bearish formation to 137.000

GBP/JPY bearish formation during Asian session signaling possible test of trend line. GBP high impact news in within the next 2 hours on Claimant Count Charge and ILO unemployment (3 month) which is a leading indicator for the UK economy. Consensus is showing slight increase which would support the GBP/JPY drop.…
October 13th

EUR/CAD Bullish Divergence at 78.6% Fibonacci

Multiple signals suggesting possible short-term upside for EUR/CAD but with moving average caution. Due to the moving averages fanning out, we would like to see price reclaim the 21 EMA for confidence to hit at least target 1. EUR/CAD RSI divergence and Fibonacci cluster is suggesting we may see this…
October 11th

GBP/JPY short term distribution zone 138.400

GBP/JPY up 3.5% from September lows with average volume declining at higher highs. The trend channel higher band also clustering with 50% Fibonacci level and an overthrow in price may even se 61.8%. When approaching the zone, it is crucial to wait for a key bearish candle reversal signal with…
October 11th

Gold breaking out of wedge on daily Target 2000

Buyers absorb gold in the September sell down to 1,850 supported with a spike in volume but failing to drop further. A slight pull back in gold this week to 50 EMA with low volume would be a good signal to look for bullish reversals on the 4 hour or…
October 11th

USD/JPY Crossed Daily Trend Target 106.800

USD/JPY at September open price for possible further expansion. A retest of 50 EMA provides a superior reward to risk ratio but could possibly test the daily trend line where we would need to see bullish signals for USD/JPY strength. Japanese current account data in four hours’ time high is…
October 7th

GBP/AUD Strength to 1.81500

GBP/AUD price holding 50 EMA on 1-hour time frame and shaping up for a nice reward to risk ratio trade. GBP/AUD currently retrace and holding the Fibonacci 61.8% level. Confirmation of bullish candle reversal for entry. Key Points: 1 Hour – Above 50 EMA 1 Hour – Above 200 EMA…
October 7th

AUD/CAD Bearish Momentum to 0.92000

AUD/CAD forming a 3-wave zigzag pattern which is generally labelled ABC with 5-3-5 sub waves. See picture below for an example. The flag has now been broken and can enter short if it retests or once 50 EMA crosses below 200 EMA. AUD/CAD should then find the last of the…
October 6th

NZD/USD Long to 61.8% Fibonacci

NZD/USD forming within the trend channel for further upside into 0.66880 and as high as 0.67350. A breakout of the yellow trend line is desirable for entry confirming bullish momentum for NZD/USD, but don’t be afraid to add a position at the 50 EMA retest.   Investors await for news…
October 5th

EUR/JPY Bullish Bounce off 61.8%

  EUR/JPY sold down into the 61.8% Fibonacci and buyers came in to support price at 123.160 zone which was prior resistance. EUR/JPY – Retest of 200 EMA to provide entry for long side with confirmation of bullish candle signal.   Key Points: Daily – Price above 200 EMA Daily…
October 5th

BTC/USD Breaking Out of Wedge – 11200

BTC/USD breaking out of the wedge pattern also coinciding with 50 and 200 EMA reclaim. When multiple signals support the thesis, our job is to be sure that execution and risk is defined. Wedge patterns are generally a sign of trend continuation when broken, and when found within bullish momentum…
October 1st

USD/CHF Pulling Back to Advance 0.92960

USD/CHF – US GDP data due tonight following an interesting presidential debate earlier which commenced a 2% drop in the Nasdaq and E-mini S&P. As money moves out of equities due to increase in risk, the money tends to park itself in safer assets giving the DXY (Us Dollar) strength.…
September 30th

NZD/USD Drop to 0.65000

Equity markets under pressure as presidential debate has the world scratching their heads on what unfolded. We can expect money flowing back into the DXY for safety which will weaken all denominated pairs like NZD/USD. The daily chart is now consolidating below the multi-month trend line break where we can…
September 30th

GBP/CAD Falling Through Trend Line targeting 1.7000

Breaking trend line now confirms we could see further drops to the 200 EMA. GBP/CAD may retest the trend line for optimal entry to short. Daily chart hovering between the 50 and 200 EMA. 1.71685 is a crucial zone that will indicate where GBP/CAD will likely trend towards.   Key…
September 29th

EUR/GBP Flag Break for Upside

EUR/GBP sold off on daily chart and has hit major level 0.90500 forming support but with resistance caution above.   EUR/GBP – A hold above flag break out is a great signal for continuation. The Fibonacci range has set some solid levels for targets with reclaim of EMAs as a…
September 29th

GBP/AUD September Open Price Targeting 1.79100

GBP/AUD Daily chart providing signals the September 3.5% rise since 11th of September has now met with the open price of the month forming extremely potent resistance. Provides a great reward to risk ratio to trade GBP/AUD for short – term downside. Key Points: Daily – Price moving into resistance…
September 27th

CAD/CHF Coiling for Next Expansion to 0.7000

CAD/CHF has respect 0.69200 for all of August and September, touching on multiple occasions reversing for short periods. This was the September open candle zone. Price pierced through this major level and holding above forming a possible triangle / Flag continuation pattern for at least a short time advance to…
September 27th

GBP/USD Heading For 1.300

GBP/USD technical signals are starting to line up supporting the upside possibility. GBP/USD has sold off approximately 800 pips since the high made in September, and meeting with historical support zone clustering with the 61.8% Fibonacci from last major range and RSI divergence on the daily. Key Points: Daily –…
September 25th