MonthlyMonthly trend is bullish, and now market is struggling with 0.618 Fib resistance from the one side and previous consolidation in 1.60-1.70 from the other. Fib resistance itself does not worry me much, because market has touched it once already and now this level becomes weaker. The next monthly target is 0.618 Fib expansion at 1.64 area from ABC-bottom pattern (purple Z-line) that makes an Accordance with 0.786 Fib resistance level. This combination creates stronger resistance, comparing…See More

MonthlyMonthly trend is bullish, and now market is struggling with 0.618 Fib resistance from the one side and previous consolidation in 1.60-1.70 from the other. Fib resistance itself does not worry me much, because market has touched it once already and now this level becomes weaker. The next monthly target is 0.618 Fib expansion at 1.64 area from ABC-bottom pattern (purple Z-line) that makes an Accordance with 0.786 Fib resistance level. This combination creates stronger resistance, comparing…See More

DailyI have a strong confidence, that market is currently forming the 3-Drive “Sell” pattern with the target at 1.6075-1.6085 area. Look at the chart. The first drive is a high at 1.5925 roughly, second one is 1.6018 and its precisely a 1.27 expansion of the first drive. The third drive is forming currently and the target of the third drive is a conciliation of 1.618 expansion of first drive and 1.27 expansion of a second one – this is 1.6075-1.6085 area. Also, the red line on the chart is…See More

DailyI have a strong confidence, that market is currently forming the 3-Drive “Sell” pattern with the target at 1.6075-1.6085 area. Look at the chart. The first drive is a high at 1.5925 roughly, second one is 1.6018 and its precisely a 1.27 expansion of the first drive. The third drive is forming currently and the target of the third drive is a conciliation of 1.618 expansion of first drive and 1.27 expansion of a second one – this is 1.6075-1.6085 area. Also, the red line on the chart is…See More

MonthlyMonthly trend on NZD/USD is bullish. Market has reached 0.618 expansion from ABC-bottom pattern (purple Z-line), has made shallow retracement and continue its move up. The next monthly target is 100% expansion at 0.91 roughly. I intentionally show you the CD-leg that is ended at 0.91. This is just a cloned line of AB leg to 0.82. Both of these lines have the same speed and now you can see that market is faster then CD-leg. This is a…See More

MonthlyMonthly trend on NZD/USD is bullish. Market has reached 0.618 expansion from ABC-bottom pattern (purple Z-line), has made shallow retracement and continue its move up. The next monthly target is 100% expansion at 0.91 roughly. I intentionally show you the CD-leg that is ended at 0.91. This is just a cloned line of AB leg to 0.82. Both of these lines have the same speed and now you can see that market is faster then CD-leg. This is a…See More

MonthlyEUR Currency is running and running, where is the end, or at least a temporary barrier? Let’s find out. First of all, let’s take a look at monthly chart – unconfirmed trend shifts to bullish, based at Exponential MACD.The blue lines on the chart are our Oscillator Devinateur that shows levels of oversold (lower band) and…See More

MonthlyEUR Currency is running and running, where is the end, or at least a temporary barrier? Let’s find out. First of all, let’s take a look at monthly chart – unconfirmed trend shifts to bullish, based at Exponential MACD.The blue lines on the chart are our Oscillator Devinateur that shows levels of oversold (lower band) and…See More

Published first on Selftrading Consulting website4-hourOn the 4-hour chart JPY stands around strong support area at 84.70-84.90. It includes Fibonacci Conjunction support, monthly and weekly pivot points. So, very probably, that market will bounce from this area, this is a normal price action.Also look at previous move to the downside – market has shown solid thrust at sell-off. We can count on a momentum trade in this time frame, if market will bounce…See More

Published first on Selftrading Consulting website4-hourOn the 4-hour chart JPY stands around strong support area at 84.70-84.90. It includes Fibonacci Conjunction support, monthly and weekly pivot points. So, very probably, that market will bounce from this area, this is a normal price action.Also look at previous move to the downside – market has shown solid thrust at sell-off. We can count on a momentum trade in this time frame, if market will bounce…See More

Published first on be-selftrader.com forumAs I've said in previous researches 1.26 area is a very strong support, that includes weekly Pivot support 1, Fib support at 1.2605.Not it looks like that this level holds the market above it. Although I do not see any signals for positional trading, there is one for scalping.On hourly chart we can see two important moments. 1.2680 - is Fib Conjunction support area and level of previous…See More

Published first on be-selftrader.com forumAs I've said in previous researches 1.26 area is a very strong support, that includes weekly Pivot support 1, Fib support at 1.2605.Not it looks like that this level holds the market above it. Although I do not see any signals for positional trading, there is one for scalping.On hourly chart we can see two important moments. 1.2680 - is Fib Conjunction support area and level of previous…See More

published first on be-selftrader.com forumCableIn weekly research, I've talked about weekly Pivot point as a beacon for future price action. Market couldn't passed through it and collapsed.On the daily chart the next support is 1.5305 - 1.5320. It includes weekly Pivot support 2 and Fib. support. And I think that this area should be reachedOn the hourly chart I see strong sell-off currently. Market has passed through 100% expansion…See More