Technical Analysis- The 4 hour right is turning down against 4/09/2020 peak (135.74) but shows a bearish sequence. 1 hour is turning up. However, while near-term dips remain above 131.44 high expect pair to extend lower 1 more push before cycle from 4/09/2020 peak ends & a bounce higher in 3, 7 or 11 swings could take place. Signal- Long GBPJPY @129.50-25 TP1 :...
Technical Analysis-The 4 hour is turning up against 3/16/2020 low as the Daily correction has ended. 1 hour is turning up. However, while near-term bounces fail below 10988 high expect index to extend lower for few more lows before it finished correcting the cycle from 3/16/2020 low as a zigzag structure & resume the upside. Sell GER30 @10340-360 TP: 10090 Sl:...
Technical Analysis- The 4 hour is down against 1/08/2020 peak (63.87). 1 hour is turning down. However, while near-term dips remain above 6.59 low expect OIL to extend higher to correct the cycle from 1/08/2020 peak in 3, 7 or 11 swings before downside resume. We prefer selling the bounces in 3, 7 or 11 swings at the extreme areas. Sell USOIL @26.10-40 TP:...
Technical Analysis-The 4 hour is turning up against 3/09/2020 low (101.16). 1 hour is turning up against 105.96 low. Near-term correction against 3/09/2020 low is proposed complete at 105.96 low, while dips remain above that level expect pair to extend higher. BUY USDJPY @106.85-70 TP: 107.55 SL: 106.40 Good Luck !
The 4 hour right side is down against 12/13/2019 peak (1.3522). 1 hour is turning down against 1.2645 high. Near-term, while bounces fail below 1.2645 high and more importantly below 1.3522 high expect pair to extend lower. Short GBPUSD @1.2340-65 TP: 1.2250 SL: 1.2400 Good luck !
The 4 hour right is down against 12/13/2019 peak (148.05) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower. SHORT GBPJPY @132.40-60 TP: 131.60 SL: 133.20 GOOD LUCK !
The 4 hour right side is up against 8/16/2018 low (1159). 1 hour is turning down against 1739 high. Near-term, while bounces fail below 1739 high expect Gold to extend lower to correct the cycle from 8/16/2018 low in 3, 7 or 11 swings before upside resume. SHORT GOLD @1700-1704 TP: 1680 SL: 1715 GOOD LUCK !
The 4-hour right side is down against 3/08/2020 peak (1.1497) & shows a bearish sequence. 1 hour is turning down against 1.1020 high. Near-term, while bounces fail below 1.1020 high expect pair to extend lower. Short EURUSD @1.0950-1.1000 TP 1- 1.0850 Tp2- 1.0720 Good luck !
The 4 hour right is down against 12/13/2019 peak (147.93) & shows a bearish sequence. 1 hour is turning down against 135.46 high. Near-term, while bounces fail below 135.46 high and more importantly below 147.93 high expect pair to extend lower. Short GBPJPY @133.133.50 Target 1- 130.50 Target2- 128.00 Sl: 134.00 Good luck !
The 4 hour right side is up against 8/16/2018 low (1159). 1 hour is turning down against 1739 high. Near-term, while bounces fail below 1739 high expect Gold to extend lower to correct the cycle from 8/16/2018 low in 3, 7 or 11 swings before upside resume. SHORT TERM SELL
The 4 hour right side is down against 12/13/2019 peak (1.3522). 1 hour is turning down against 1.2645 high. Near-term, while bounces fail below 1.2645 high and more importantly below 1.3522 high expect pair to extend lower.DO NOT TRADE ON BUYING SIDE
The 4-hour right side is down against 12/31/2019 peak (0.7030). 1 hour is turning down against 0.6571 high. Near-term, while bounces fail below 0.6571 high and more importantly below 0.7030 high expect pair to extend lower.
The weekly right side is up against 75.57. The daily and 4 hour are turning up against the 3/9/20 lows. While a pullback remains above the 3/9/20 lows the pair can see another swing higher to correct the cycle lower from the 12/15/16 highs in the weekly triangle.
The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily & 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2944. While below 1.4266 where the hourly is turning down the pair can continue lower to correct the cycle up from the 12/31/19 lows.
The weekly is turning down and the daily right side is down with a bearish sequence against the 2/16/18 highs at 1.2568. The 4 hour right side is down with a bearish sequence against the 1.1497 highs from 3/9/20. The hourly right side is down with a bearish sequence against the 1.0992 highs. While below there expect further weakness. Short term Signal Sell...
The weekly is turning up against the 9/8/2017 lows at 1.2061. The daily & 4 hour right side is up with a bullish sequence against the 12/31/19 lows at 1.2944. While above 1.3852 where the hourly is turning up the pair can bounce to correct the cycle lower from the 3/19/20 highs before a turn lower to correct the cycle up from the 12/31/19 lows.
The weekly right side is down against the 7/27/17 highs at .7557. The daily right side is down against .6758 from 12/31/19. The 4 hour right side is down with a bearish sequence & the hourly is turning down against .6130. While below there the pair can continue lower again.
The weekly right side is up with a bullish sequence against the .6920 lows from 7/17/2015. The daily right side is up with a bullish sequence against the .8272 lows from 12/13/19. The 4 hour right side is up with a bullish sequence and the hourly is turning up against .8679. While above there the pair can see a turn higher.