Technical Analysis

EUR/USD Confluence At Daily L3 Camarilla Pivot


The EUR/USD broke above 1.1200 level on Friday and it is normal that we are seeing the retracement at this point. Remember, always mark yesterday's high & low. Those were the definitive points where buyers or sellers came in the day before. Usually we see a retest of those points....


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EUR/USD 38.2% Fib, USD/JPY Triangle


The EUR/USD is showing divergence which could cause a bearish reversal or retracement. Chris is waiting for a candlestick reaction at 1.11 or 1.1175 to see if price can reach the resistance 1.1250 first before a turn around occurs. The USD/JPY is also showing an interesting setup as support and...


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GBP/CHF Could Start Correction Soon


The GBP/CHF has formed a regular bullish divergence at Daily L5 support and currently shows a potential for upside correction. The POC zone 1.2665-75 (Multiple bottom, ATR pivot, historical buyers) might spike the price towards L4 and L3 (1.2759 and 1.2828). Have in mind that L4 (1.2759) is a strong...


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AUD/USD Bullish Wicks Mark New Wave of Buyers


The AUD has been rebounding of late, with stronger Employment numbers for the month and a reduction in the Unemployment Rate to 5.7% as it approaches full employment. Interestingly, the MI Inflation target is 4% for the next 12 months, which may signal rate hikes in the near future. USD...


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AUD/NZD Bearish Wolf Wave Getting Close To Point 5


The AUD/NZD has formed a bearish Wolfe Wave after the retail gap that pushed the price up. The pair is still in downtrend on 4h time frame, so it could piggyback momentum from higher time frames to H1 chart. That means a potential bearish trade setup when Point 5 has...


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