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Possible retest of previous resistance 130 level


based on both D1 and H4 chart ,i predict this will happen again which is that we will be able to see EURJPY to retest 130 level again within less than two months time, stay tuned
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GORDONTAN avatar

all the way back to its previous resistance 130 level

GORDONTAN avatar

it is now 130 level again..the resistance 130 seems to be no longer unbreakable

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USD/CAD

HOLA BUENOS DIAS, AYER EL PAR USD/CAD ROMPIO RESISTENCIA IMPORTANTE ( 1,3000 ) ESTOY ESPERANDO UN RETESTEO DE ESA RESISTENCIA PARA INTENTAR IR LARGO, SI ESA ZONA NO SE RESPETASE PODRIAMOS BUSCAR OTRA ZONA DE LARGO QUE ESTARIA POR 1,2920, QUE ES EL MINIMO DE SWING DE 4 HORAS. HABLANDO DE LAS ZONA DE TP, MI PRIMERA ZONA IMPORTANTE RONDARIA POR 1,3250-1,3280. SIENDO VIERNES SUPONGO QUE HABRA POCA VOLATILIDAD, SOLO NOS QUEDA ESPERAR Y VER QUE SUCEDE. ESPERO QUE OS HAYA GUSTADO Y FELIZ FIN DE SEMANA!…
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USD/JPY

HOLA BUENOS DIAS, DIA DE NFP COMO YA SABEMOS ES DIA DE MUCHA VOLATILIDAD Y PUEDE PASAR DE TODO POR ES NO SOY MUY PARTIDARIO DE OPERAR EN DIAS COMO HOY.DE TODAS FORMAS VAMOS A ANALIZAR UN POCO EL PAR USD/JPY. COMO VEMOS EN LA GRAFICA SEMANAL LA RESISTENCIA ACUTAL SE ENCUENTRA EN 107.50-108.00, HASTA QUE NO ROMPA ESE NIVEL AUN PODEMOS SEGUIR PENSANDO QUE EL PAR PUEDE SEGUIR BAJANDO HASTA LOS SIGUIENTES NIVELES DE COMPRA (103.50;101.20). PODEMOS OBSERVAR TAMBIEN LA LINEA DE TENDENCIA QUE PUEDE SER …
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GBP/JPY

HOLA BUENOS DIAS, HOY VAMOS A ANALIZAR EL PAR GBP/JPY, DONDE ROMPIO UN SOPORTE CLAVE (148.00-147.80) JUNTO CON UN LINEA DE TENDENCIA. LO QUE ESTAMOS BUSCANDO ES UN RETESTEO DE LA LINEA DE TENDENCIA + RETESTEO DE SOPORTE QUE AHORA SERIA RESISTENCIA. EL SIGUIENTE SOPORTE SIGNIFICATIVO PARA MI SERIA POR LA ZONA 139.00 HABIENDO NIVELES MEDIOS COMO POR EJEMPLO 143.00. TENIEN DO EN CUENTA QUE USD/JPY TAMBIEN ESTA DEBIL DEBERIAMOS MIRAR ESE PAR ANTES DE OPERAR CUALQUIER PAR CON YEN. EL LUNES HAREMOS AN…
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9 DEC 16 | GBPAUD | SELL SETUP EXECUTED

Hello fellow traders,
GBPAUD sell setup discussed on 7 DEC 16 has been executed and now we are waiting for a retest of the trend line. We expect the price to give us a bearish indication near trend line and horizontal support line confluence.
GBPAUD 4H CHART
GBPAUD 4H CHART- ZOOMED IN
I have already placed a sell stop order at bid below 1.6808 with initial target at 1.65730 and next target at 1.61100 levels respectively.
Any suggestion about the setup is welcome.
Happy trading to all.
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NZDUSD

The NZDUSD has dropped from its recent highs following Wednesday’s dovish hints from the FOMC. We can clearly see that bids are decreasing now.So now what?The .7200 level is the one to watch as we head into a next week. If it fails to hold then we can see 0.6967.Event risk for the US dollar next week is speeche from FOMC members on Wednesday followed by GDP of third-quarter on Thursday at 8:30 am EST.
Safe Trading
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EURUSD daily chart

Today sold EURUSD after daily retest
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GBPUSD at an interesting level !

GBPUSD is at an interesting level as we’re currently at the top end of what to me is a major level of support. If you look at the ebbs and flows on the daily chart (above) you’ll see that we’re approaching the previous outside return (retracement) and a violation of this level would cause a rotation in trend. For that reason I expect the bulls to be on the defensive fighting hard not to give up that area.
Technically this is an at market buy right now as we’ve double bottomed at the zone, due t…
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NZD/CHF-retests major support zone!

  • Charts: 4 H,1 Day
  • Elements used: Fibonacci Retracements , CCI,Support & Resistance
  • Current Level : 0.7375
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Metal_Mind avatar

UPDATE 1: As expected the pair retested heavily old support in this 15 day elapsed now beeing at only 100 pips from my designated target. The bias is good and with half a month to go i say it has the potential to be a good prediction .

Metal_Mind avatar

Update 2 : The current price is 0.7323 and the pair is in a 100 pips range. For the moment  the chances are 50/50 for this prediction.

Metal_Mind avatar

UPDATE 3: It seem the pair gain the lost ground and it just hit the target forming a new support just few pips bellow the 0.72 price level which afterwards send the pair trading higher. On friday at the closing time the pair was trading at 0.7260 which is only 43 pips above my target. There are more than five days to go until settlement but things really looks good for this one

Metal_Mind avatar

UPDATE 4 :  EXCELENT  prediction.With only half a day to go  this prediction is almost fulfilled. The quality of the chart and price movement predicted is almost impeccable and right now the current price is 0.7226  which represents only 9 pips deviation from target.  The only problem i forsee is a very likely fast sell wave which will increase my deviation but overall this is a great analysis.

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AUD/CAD - Continues Retracement !

  • Charts: 4 Hours, 1 Day.
  • Elements used: Fibonacci Fan Lines,Supports & Resistances.
  • Prepared with : JForex 4.
  • Current Level : 1.0048
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khalidamassi avatar

Good luck this month and every month

Metal_Mind avatar

Thanks Khalid!!!. Good luck to you to!

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