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In the last hours, this exotic currency pair managed to go even lower, after ranging quite some time - has broken the 1.9423 pivot level (bearish bias) and then has confirmed it's bearish bias presence by closing marginally below the 1.9194 confirmation level. This price action could imply that the price is likely to go even lower towards the 1.8919. Protective stop-losses should be placed on the 1.9423 pivot level, like in the image below.
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AUDUSD, short term analysis
Forex: AUD/USD, short term analysis
After turnining into a bearish bias, just moments after closing below the 0.7870 (on the 4 hour time frame), this currency pair managed to go even lower and break the confirmation level for our entry, which was the 0.7648 in order to enter sell towards 0.7421 (the 127.2 Fibonacciextension level drawn of the downside movement 0.83748-0.76253). So far, I have about 23 pips on profit on this trade and that is because I have seen the setup after the price rejectio…
After turnining into a bearish bias, just moments after closing below the 0.7870 (on the 4 hour time frame), this currency pair managed to go even lower and break the confirmation level for our entry, which was the 0.7648 in order to enter sell towards 0.7421 (the 127.2 Fibonacciextension level drawn of the downside movement 0.83748-0.76253). So far, I have about 23 pips on profit on this trade and that is because I have seen the setup after the price rejectio…
GBP/USD, medium term analysis
Forex: GBP/USD, medium term analysis
This currency pair has confirmed its bearish intention by going lower yesterday below the 1.4980 pivot level. Further downside movements are expected. The pair is expected to go, firstly on 1.4891 intermediate low and then to further on, at 1.4788 (127.2 Fibonacci level measured on the 1.4952 -1.5553 upside movement).
This currency pair has confirmed its bearish intention by going lower yesterday below the 1.4980 pivot level. Further downside movements are expected. The pair is expected to go, firstly on 1.4891 intermediate low and then to further on, at 1.4788 (127.2 Fibonacci level measured on the 1.4952 -1.5553 upside movement).
Short term analysis
The pair has been into the bearish bias, being situated under the 1.1437 pivot level. Closing under the 1.1260, this currency pair confirmed it's bearish bias presence, (below the green confirmation zone) and triggered a short position toward the 1.1096 historic levels.
Forex: GBP/JPY, short term analysis
The pair has moved into a nearly 400 pips range for almost one month, having it's limits on 180.00 and the 176.00 levels. Now, the pair is very likely to go down, for the 175.40 level retesting for two important reasons:
1.The pair's bias is bearish: because the price remained under the 180.30, where is situated a major pivot
2. The pair has broken the 176.40 level, which is the lower limit of the confirmation rectangle for short entry.
GBP/JPY, 4h chart on Dukascopy JForex Demo Platform
1.The pair's bias is bearish: because the price remained under the 180.30, where is situated a major pivot
2. The pair has broken the 176.40 level, which is the lower limit of the confirmation rectangle for short entry.
GBP/JPY, 4h chart on Dukascopy JForex Demo Platform
Forex: USD/CAD, short term analysis
This currency pair looks like is gone to rise even higher, current level is 1.1436x, as much as 1.1669, which represents the 127.2 Fibonacci retracement measured on the upside move of 1.07166 - 1.14653, for two reasons, as follows:
1. The price is situated in the upside bias, by positioning itself over the 1.1209 pivot level (red horizontal line).
2. The price confirmed it's presence in the upside bias, by closing over the confirmation range of 1.1209 - 1.1404 (magenta rectangle)
Money managemen…
1. The price is situated in the upside bias, by positioning itself over the 1.1209 pivot level (red horizontal line).
2. The price confirmed it's presence in the upside bias, by closing over the confirmation range of 1.1209 - 1.1404 (magenta rectangle)
Money managemen…
Forex: USD/CHF, short term analysis
Even it's movements seemed to be chaotic, this currency pair is keen to go as much as 0.9955 (127.2 of the Fibonacci extension measured on the upside move 0.96875 - 0.87011) for two reasons, as follows:
1. It's situated in the upside bias, because the price remained over the 0.9395 pivot level.
2. Broke the superior side of the confirmation range of 0.9395 - 0.9599
Money management:
S/L will be placed on the nearest pivot level - on the 0.9395 level.
1. It's situated in the upside bias, because the price remained over the 0.9395 pivot level.
2. Broke the superior side of the confirmation range of 0.9395 - 0.9599
Money management:
S/L will be placed on the nearest pivot level - on the 0.9395 level.
Forex: EUR/AUD, short term analysis
EUR/AUD has risen significantly, not even on this week by the presence of the chart gap but we have seen closing higher, on past friday, near the past temporary high of 1.47024 level. I have the conviction that this pair will go higher, to 1.49508 (which is the 127.2 Fibonacci extension measured on the 1.3789 -1.47024 move) because this currency pair met two important condition, as follows:
1. Rose and close over the 1.4464 pivot level, which means the price has established itself in the upside …
1. Rose and close over the 1.4464 pivot level, which means the price has established itself in the upside …