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Gains in EUR/GBP Likely Over

fxsurprise8 Posted 31 May as Analysis on EUR/GBP, Target: 0.8731, Date: 3rd of July, 12:00 GMT  in #Technical analysis #GBP #EUR #EUR/GBP #Overbought Status #Stochastic Indicator #Swing Low #Range Bound #Swing High #Mean Reversion
The EUR/GBP is approaching overbought levels. After the latest 400 pips rally on the daily chart below we peaked at 80 on the Stoch and we're now dropping down. The gains likely coming to an end here.
On our second chart below we're seeing that this currency pair has been range-bound for almost one year, since September of 2016. Notice the swings up and down, every rally is being sold into while every drip is being bought. Furthermore here too we're seeing the Stochastic Oscillator above 80, sig…
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More Gains for the Japanese Yen

fxsurprise8 Posted 30 Sep. as Analysis on USD/JPY, Target: 96.16, Date: 1st of November, 12:00 GMT  in #Technical analysis #JPY #USD #Japan #USD/JPY #Us Dollar #Japanese Yen #Selling #Swing Low #Swing High
The Japanese Yen is slated for more gains against the US Dollar. Look at our first chart below. Notice how for the past four months the bears have been on the offensive, selling every rally and attacking the round 100 figure. The small rectangles on the chart show the tests of this level, a total six of them.
With each test the odds increase that we will see a break below. But if we see a decline, where will prices stop in October? I’m betting on close to 96.16 and here’s why. Not far from 100 …
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Silver Broken Trendline

Daytrader21 Posted 15 Aug. as Analysis on XAG/USD, Target: 15.9200, Date: 1st of October, 12:00 GMT  in #Technical analysis #Trendline #Bullish #Silver #XAG/USD #Swing Low
Silver bearish trend may have ended once we broke the trendline that connects the 2011 highs and all the intermediate highs of this bearish trend. This bearish cycle has lasted almost 4 years and based on my experience any new major trend starts with a trendline breakout of previous trend. We already broke to the upside of the trendline that connects the highs of this bearish trend at beginning of the year(see Figure 1), and not only that but we had a successful retest of th…
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Daytrader21 28 Aug.

Update 1: Silver broke to new lows and it's fading below 14.00. We're still moving in consolidation and I'm not expecting a running market. A retest of the current top range at above 15.60 is in cards. First level of resistance stands at 14.70 which is also a pivot point a break and a close above it should see further upside

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Daytrader21 20 Sep.

Update 2: After a false break below key support level 14.27 and previous major swing low point we managed to get back inside the big range. In the short-term there is scope for another retest of the big figure 15.00 before to see another attempt to break current resistance at 15.55.

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Daytrader21 28 Sep.

Update 3: As expected we broke above the 15.00 big psychological number and managed to find resistance at 15.50. Right now we're trapped inside this tow levels, but current price structure still favors a break to the upside.

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Daytrader21 15 Oct.

Update 4: As expect over the past few days Silver has had an impressive rally and it already reached my target and beyond. Right now the current range in play is between 15.60 which should act as support and on the upside we have 16.30 which is a big pivot level.

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USD/CHF ascent may become troublesome

al_dcdemo Posted 30 Jan. as Analysis on USD/CHF, Target: 0.9310, Date: 2nd of March, 12:00 GMT  in #Technical analysis #USD/CHF #Parity #Swissie #Snb Shocker #Blip #Swing Low #Weekly Resistance #Underwater Longs
Monthly chart:
The pair has broken parity on the first trading day of the year. It was trading around 1.02 when SNB shocker sent it all the way to the 2011 lows. The actual low was 0.7263 or almost 30% of its value before the announcement. Since then it managed to recoup about two thirds of the losses and regained foothold above both 20 and 50 month SMAs. I'd say 50 month SMA is the line in the sand. If it manages to hold above it, that's bullish. Otherwise bearish.
Weekly chart:
After strong r…
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al_dcdemo 8 Feb.

As anticipated, the pair stalled ahead of 200 day SMA. Despite various rumours about SNB, including that they are on the bid aiming at 1.05 - 1.10 range in EUR/CHF, the pair slowly drifted lower, but then managed to close the week roughly unchanged. Whether this is just a pause in an uptrend or a near-term top remains to be seen, hopefully next week's price action will give us the answer.

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al_dcdemo 15 Feb.

Swiss Franc was the weakest among currencies this week as it lost nearly a percent compared to the second weakest currency - the Dollar. After it retested the lows on Monday, it was slowly grinding higher and then closed the week right on 200 DMA. The next strong resistance to overcome is October 15 2014 low (0.9360) and if it goes, then there little to stop the pair until closer to 0.95.

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al_dcdemo 22 Feb.

After successfully breaking above 200 DMA and 0.9360 resistance, the pair has added additional two cents and traded up to 100 DMA, breaking 50 DMA and 0.95 level in the process. On Friday, however, it reversed strongly, wiping out more than half of its weekly gains, posting outside reversal (aka bearish engulfing) on the daily chart. At this point it appears too strong to be just a normal pullback, but with SNB supposedly on the bid, everything is possible.

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al_dcdemo 28 Feb.

Last week's outside day reversal proved to be a fake one. The pair erased most of Friday's losses on Monday and then, after some sideways action over the next two days, broke to new marginal highs on Thursday. Currently, 76.4% retracement of the SNB decline at 0.9540 and December 16 low at 0.9550 are capping the pair. If it manages to break higher, then there's little resistance on the chart until closer to 0.9700 - 0.9750.

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