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GBP/USD forming a strong bearish harmonic pattern

Ucef Posted 29 Feb as Analysis on GBP/USD, Target: 1.4137, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #GBP/USD #Resistance #Patterns #Setups #Levels #Support Line #Fibonacci Levels #Bearish Bias #Downward Channel #Channel Breakout
Daily Vision
The GBP/USD trend is bearish in daily time frame. Vital resistance is present at 1.3689 price level. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame.
However, if bullish candlestick c…
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EURAUD facing a strong trend line resistance

Ucef Posted 31 Gen as Analysis on EUR/AUD, Target: 1.5620, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Resistance #Trendline #EUR/AUD #Breakdown #Levels #Bearish Signs #Support Line #Downward Channel
Daily analysis
EURAUD opened the week at 1.5187 and touched a high of 1.5190. The pair then reversed directions and dropped to 1.5028, as support held firm at 1.5026. The pair closed the week at 1.5031. And the price of 1.5000 has been significant in the recent history of EURAUD, and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 1.5000 level for risk wit…
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CHFJPY forming a bearish harmonic pattern

Ucef Posted 31 Gen as Analysis on CHF/JPY, Target: 117.40, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Resistance #Patterns #CHF/JPY #Levels #Bearish Signs #Support Line #Fibonacci Levels #Retracement #Downward Channel
Weekly analysis
weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lines at the 118.47 level with a breach pushing the pair further towards the 118.75 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 118.65 level. All in all, the pair remains biased to the downside in the short term on correction.
Daily analysis
CHFJPY is at an interesting level as we’re currently at the top end of what to …
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Long term bias is still short on CADJPY

Ucef Posted 31 Gen as Analysis on CAD/JPY, Target: 90.12, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Short Term #Resistance #Breakdown #CAD/JPY #Bearish Signs #Support Line #Fibonacci Levels #Downward Channel #Trendlines
Daily analysis
CADJPY opened the week at 86.76 and touched a low of 86.45. It was all uphill for the pair, which hit a high of 86.25, putting strong pressure on resistance at 86.45, CADJPY closed the week at 86.35. With the pair posting sharp gains last week, we begin with a top level at the round number of 86.25. The round number of 86.74 was a swing low and remains of importance. 86.65 was the high and a key resistance line. 86.85, which was a swing low, has switched to resistance. It is a wea…
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CADCHF Loses upside momentum

Ucef Posted 31 Gen as Analysis on CAD/CHF, Target: 0.7452, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Resistance #CAD/CHF #Breakouts #Bearish Signs #Support Line #Downward Channel #Channel Breakout
Daily analysis
CADCHF printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 0.7385 level. A turn below here will open the door for more weakness targeting the 0.7345 level and followed by the 0.7365 level. A cut through here will bring additional weakness towards the 0.7369 level.
Weekly analysis
CADCHF opened the week at 0.7314 and touched a high of 0.7387. The …
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AUDUSD facing a strong trend line resistance

Ucef Posted 31 Gen as Analysis on AUD/USD, Target: 0.6720, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Resistance #AUD/USD #Bearish #Trend Line #Support Line #Fibonacci Levels #Retracements #Downward Channel
Daily analysis
AUDUSD opened the week at 0.7085 and touched a high of 0.7098. The pair then reversed directions and dropped to 0.7078, as support held firm at 0.7012. The pair closed the week at 0.7045. And the price of 0.7065 has been significant in the recent history of AUDUSD, and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 0.7115 level for risk with…
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AUDNZD forming a bearish harmonic pattern

Ucef Posted 31 Gen as Analysis on AUD/NZD, Target: 1.0721, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Resistance #AUD/NZD #Breakouts #Levels #Bearish Signs #Support Line #Fibonacci Levels #Downward Channel
Weekly analysis
weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lines at the 1.0975 level with a breach pushing the pair further towards the 1.0975 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 1.0996 level. All in all, the pair remains biased to the downside in the short term on correction.
Daily analysis
AUDNZD is at an interesting level as we’re currently at the top end of what to me …
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Long term bias is still short on AUDJPY

Ucef Posted 31 Gen as Analysis on AUD/JPY, Target: 88.80, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Short Term Loans #Resistance #AUD/JPY #Support Line #Fibonacci Levels #Bearish Channel #Downward Channel
Daily analysis
AUDJPY opened the week at 85.98 and touched a low of 85.47. It was all uphill for the pair, which hit a high of 85.14, putting strong pressure on resistance at 85.98, AUDJPY closed the week at 85.65. With the pair posting sharp gains last week, we begin with a top level at the round number of 85.74. The round number of 85.65 was a swing low and remains of importance. 85.75 was the high and a key resistance line. 85.96, which was a swing low, has switched to resistance. It is a wea…
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AUDCHF Loses upside momentum

Ucef Posted 31 Gen as Analysis on AUD/CHF, Target: 0.7040, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Resistance #AUD/CHF #Bearish Signs #Support Line #Fibonacci Levels #Downward Channel #Channel Breakout
Daily analysis
AUDCHF printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 0.7275level. A turn below here will open the door for more weakness targeting the 0.7287 level and followed by the 0.7296 level. A cut through here will bring additional weakness towards the 0.7245 level.
Weekly analysis
AUDCHF opened the week at 0.7247 and touched a high of 0.7278. The p…
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AUDUSD facing a strong trend line resistance

Ucef Posted 31 Gen as Analysis on AUD/CAD, Target: 0.9905, Date: 1 di Marzo, 12:00 GMT  in #Technical analysis #Resistance #AUD/CAD #Bearish #Breakouts #Rsi 14 #Support Line #Downward Channel #Channel Breakout
Daily analysis
AUDCAD opened the week at 0.9847 and touched a high of 0.9874. The pair then reversed directions and dropped to 0.9896, as support held firm at 0.9812. The pair closed the week at 0.9756. And the price of 0.9744 has been significant in the recent history of AUDCAD , and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 0.9568 level for risk wi…
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