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Filtrés par étiquette:  Symmetrical Triangle
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07042018

Hello, my dear friends and the fellow community members,
The USDZAR pair is in a weekly downtrend. Last week the pair gained some pips and met the falling trendline of the Symmetrical triangle on Friday and got rejected. I see it as an opportunity to enter in the long-term downtrend. I am short in the pair with the target at 11.5000. Here is the setup.
Happy trading to all.
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SILVER MAY FALL TO LOWS

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
XAGUSD Weekly Chart
  • The MACD on the weekly chart is in the negative zone and rising.
  • The RSI is falling.
  • The Stochastics is falling.
  • The pair has closed the week below 50 periods SMA.
Keeping these facts in mind the pair may see a down move in coming weeks.
XAGUSD Daily Chart
[list][/list]…
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killer195175_reborn avatar

Update-1
The pair has been traveling very smoothly between the support and resistance lines of a symmetrical triangle. It has hit the resistance line last week at 17.35 levels. When the pair had hit the resistance line at 18.21 on 08 September then it had shed $1.89 and took support at 16.32 levels. This time if the same thing happens again, then the price may go to 15.46 levels. But there is a rising support line of the same symmetrical triangle at 15.65 levels which will support the price.

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GBPUSD MAY STRUGGLE AT 1.3450

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
GBPUSD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is rising.
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USDJPY MAY GO NOWHERE

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
USDJPY Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is turning up.
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CHF/JPY symmetrical triangle

Chf/jpy pair is consolidating into a symmetrical triangle pattern as shown in the daily chart . A symmetrical triangle is represented by the price action getting squeezed between the downward sloping trend line and an upward sloping trend line . Traders should watch for a breakout of either the upward sloping or the downward sloping trend line and take the trade in the direction of the breakout . Chf/jpy pair is good to add in the traders watch list and traders should wait patiently for a breako…
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EURUSD IS STUCK IN A RANGE

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator.
EURUSD Weekly Chart
  • The MACD on the weekly chart has entered the negative zone. The histogram is silent.
  • The RSI is turning up.
  • The Stochastics is headed South.
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killer195175 avatar

UPDATE-3
Most of the markets were closed today by virtue of The Easter. The pair has moved in a very tight range today. A movement is expected in either direction only when the markets open on Monday.

killer195175 avatar

UPDATE-4
Finally, the price started moving in the direction predicted. 1.0677 area may offer resistance in the coming days. So far the price is very much clear to go up.

killer195175 avatar

UPDATE-5
As discussed in the previous update the price went up and cleared the resistance at 1.0677 very easily. I expect a small pullback to 1.0677 level before the price shoots upward. In any case, I will expect a consolidation here now. The next important level is near 1.0797 levels. Let us see what happens now.

killer195175 avatar

UPDATE-6
I expect the price to consolidate between 1.0797 and 1.0680 levels before going higher from here. If the consolidation period extends more than a week then we can get the price near 1.0700 on 1 May 2017.

killer195175 avatar

UPDATE-7
After the result of French elections, the EURUSD opened 193 pips above Friday's close at 1.0723. The pair has made a low of 1.0820 on Daily chart. I am still expecting the price to retrace to 1.0700 levels before going up. Let us see if it happens before 1 May 17 or not.

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AUDNZD may gain in coming days

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
AUDNZD Weekly Chart
  • The MACD on the weekly chart is in the negative zone.
  • The RSI is rising.
  • The Stochastics is headed North.
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UPDATE-6
The pair has fallen from our level by 100 pips and is currently trading at 1.06575. The pair may resume its uptrend and see our target again tomorrow if the NZD Dollar weakens by virtue of negative reports of trade balance and the consumer confidence in NewZealand.

killer195175 avatar

UPDATE-7
Australian GDP on q/q basis came at 1.1% rather than expected at .7%. The strong GDP data from Australia helped the pair to gain today. The pair is trading at 1.0713, just 37 pips away from our target of 1.0750. I expect the pair to reach near our target level by 1200 GMT today.

rupesh1984 avatar

Vgood :)

killer195175 avatar

Thank you brother...

ak10 avatar
ak10 1 mar

Accuracy is great.

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NZDUSD on 1 FEB 16

Hello fellow traders,
NZDUSD seems to have stuck between the two trendlines of the symmetrical triangle being formed on a weekly chart.
WEEKLY CHART NZDUSD
Zooming into the Daily chart we can see that the price has a bearish momentum and is capped by a horizontal resistance line to the upside.
DAILY CHART NZDUSD
My price target is .7000 levels.
Happy trading to all.
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killer195175 avatar

UPDATE-3

The price has again touched and got rejected from our level of .72229. But now I am concerned about the level as if a level is touched again and again in small time then it gets broken. It is now established that it is an important level. If price fails to break on the upside then it will surely retrace to our target price of .7000 on 1st February. Let us see how the things unfold next week.

killer195175 avatar

UPDATE-4

The price has touched and got rejected from our level of .72229 for the fourth time and got rejected. It seems that the level is holding good. The pair may start its downtrend soon and reach our price target of .7000 by the first week of February.

killer195175 avatar

UPDATE-5

The price has broken the .72229 level on the upside now downside seems limited if the price stays above this level. let us see how the things unfold.

killer195175 avatar

UPDATE-6
The price after breaking on the upside took support at our level 0f 0.72229. Now if the pair finds resistance at the confluence of the trendlines then only there is a chance of price reaching near .7000 levels. I expect the CPI data to move the pair in the South direction as the Australian data was negative so I expect this data also to initiate a selloff in the pair.

killer195175 avatar

UPDATE-7
After the positive data on the CPI, the pair moved to the confluence of the trendlines and got rejected beautifully. The price then took support at our previous level of .72229 and from here I feel that if the price has to reach near .7000 levels then it need to break this level of .72229. otherwise, the pair may be contained in a range from .73000 and .72229 levels. let us see how the things unfold. I am still bearish in the longer term for NZDUSD.

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EURGBP TARGET ON 2 JAN 17

Technical Tools Used
Support and resistance (S/R), Price levels, Trend lines. Price action, candlesticks, shapes like ellipse.
Weekly Chart
As it is very clear from the chart above that the pair is in a symmetrical triangle and the Euro region showing signs of weakness and I expect the trend line being kissed by the pair to be broken soon and the pair may even break the horizontal support shown in the chart and take support on the rising trend line. In this case the price will reach and stuck i…
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Elens94 avatar
Elens94 1 déc

Good work

killer195175 avatar

the pair has broken the trendline as expected and after break it has touched and bounced off the horizontal line. I expect the pair to break horizontal line too in coming days. But holiday in the coming weeks can slow down the momentum. In that case also we will see Pair near our target of .8290. Image is attached for reference.

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AUDCHF

The AUDCHF pair seem to be in the symmetrical triangle for the past few weeks and if it stays within the triangle then on 1 Nov 16 the pair will be near 0.73850.
The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Happy Trading.
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