1 Attachment(s)
GBPJPY Price Action Analysis - Fibo resistance level at 161.62 to be broken for the rally to be continuing
Daily price is located far below 200 period SMA and near below 100 period SMA for the primary bearish market condition with secondary rally. The price is testing Fibo resistance level at 161.62 to above for the rally to be continuing.
Attachment 21135
If the price will break 155.65 support level so the primary bearish trend will be continuing without ranging.
If the price will break Fibo resistance level at 161.62 from below to above so the price will be reversed from the bear market rally to the secondary ranging within the primary bearish market condition.
If not so the price will be ranging within the levels.
Trend:
1 Attachment(s)
EURUSD Technical Analysis 2016, 29.05 - 05.06: possible bearish breakdown
Daily price is breaking Senkou Span line (which is the virtual border between the primary bearish and the primary bullish trend on the chart) tobelow together with 1.1128 support level for the bearish reversal. The price formed descending triangle pattern to be crossed to below for the downtrend to be continuing, and Chinkou Span line is indicating the possible breakdown to be started in the near future.
If D1 price will break 1.1128 support level on close bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
If D1 price will break 1.1348 resistance level on close bar from below to above so the bullish trend will be resumed.
If not so the price will be on ranging within the levels.
- Recommendation for long: watch close D1 price to break 1.1348 for possible buy trade
- Recommendation to go short: watch D1 price to break 1.1128 support level for possible sell trade
- Trading Summary: daily bearish reversal
Resistance |
Support |
1.1348 |
1.1128 |
1.1615 |
N/A |
Attachment 21316
SUMMARY : possible bearish reversal
TREND : breakdown
1 Attachment(s)
USD/JPY: End Of Week Technicals - Breakdown with Daily Bearish Reversal
Daily price is breaking Senkou Span line for the possible breakdown: the price is crossing 109.04 support level to below on open daily bar for now for the reversal of the price movement from the ranging bullish to the primary bearish market condition.
Absolute Strength indicator is estimating the bearish trend to be started, and Chinkou Span line is already broke the price to below for the good breakdown in the near future to be continuing.
If D1 price will break 109.04 support level on close daily bar so the reversal of the price movement from the ranging bullish to the primary bearish market condition will be started.
If D1 price will break 111.87 resistance level on close bar so the bullish trend will be resumed without ranging.
If not so the price will be on ranging within the levels.
Attachment 21374
- Recommendation for long: watch close D1 price to break 111.87 for possible buy trade
- Recommendation to go short: watch D1 price to break 109.04 support level for possible sell trade
- Trading Summary: bearish breakdown
Resistance |
Support |
111.44 |
109.04 |
111.87 |
105.68 |
SUMMARY : breakdown
TREND : daily bearish
1 Attachment(s)
S&P 500 - Long-Term Technicals: ranging near 100 SMA for the correction to be started or for the bullish trend to be continuing
S&P 500 Weekly: ranging within bullish levels. The weekly price located fare above 200 SMA for the bullish market condition: price broke 100 SMA to be reversed from the ranging bullish to the primary bullish market condition with 2119.25 resistance as a nearest bullish target.
Attachment 21618
- If the price breaks 2021.75 support level so the price will be reversed to the ranging bullish market condition with the secondary correction to be started.
- If the price breaks 1885.25 support level so the reversal of the price movement to the primary bearish market condition will be started.
- If the price breaks 2119.25 resistance to above on close weekly bar so the bullish trend will be continuing;
- if not so the price will be on ranging bullish condition to be moved within the channel of s/r levels.
Resistance |
Support |
2119.25 |
2021.75 |
N/A |
1885.25 |
1 Attachment(s)
EUR/USD : 465 pips price movement by Brexit Referendum Final Results
What happens now that Britain has voted for Brexit
Britain has voted for Brexit. What happens now? Nothing immediate, is the answer for EU nationals living in Britain and Britons living elsewhere in the EU, as well as for businesses on both sides of the Channel. It will all depend on negotiations that could take years—and no one is sure quite how many years, because the only precedent is Greenland, with a population today of around 50,000, which voted to leave in 1982. The first aim of David Cameron, the prime minister, will be to calm the markets. In Asia they have already responded to the news. The pound plunged by 9% against the dollar and as much as 13% against the yen, traditionally a bolthole for anxious investors. Japan’s main stockmarket tumbled by almost 8%. London’s stockmarket opens at 8am, and the FTSE 100 is likely to dive. Some experts warn that sterling could fall by as much as 20% overall. The chancellor of the exchequer, George Osborne, must now decide whether to issue an emergency “Brexit budget” as he controversially promised before the poll.
EUR/USD : 465 pips price movement by Brexit Referendum Final Results Expectation
Attachment 21886
the source
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Dollar Index - secondary rally to the daily bullish reversal
Daily price is on bear market rally within the bearish condition: the price is testing 96.70 resistance level together with 200-SMA for the reversal to the primary bullish market condition:
Attachment 21985
VIDEO LESSON - Introduction to the Canadian Dollar
The second thing that it is important to understand here, is the fact that as the Canadian population is relatively small in comparison to its land mass, the economy is heavily reliant on exports, which ties the country more closely together with the international economy as a whole. This is particularly true in regards to…
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The Video - Introduction to the British Pound
Although the United Kingdom is a member of the European Union, it has not yet adopted the Euro as its currency, so it is not part of the European Monetary Union. There are a number of reasons for this, but perhaps most famous is the country's forced withdrawal from the Exchange Rate Mechanism, the precursor…
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USD/JPY Technical Analysis 2016, 17.07 - 24.07: daily bearish ranging below 200-day SMA
Daily price is located below 100 SMA/200 SMA reversal zone on the bearish area of the chart for the ranging within the following support/resistance levels: If the price will break 105.93 resistance level so the local uptrend as the bear market rally will be started with 107.89 level to re-enter.
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USD/CNH Technical Analysis: ready for the daily bullish breakout
Daily price is located above Ichimoku cloud and Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price is testing 6.7166 resistance level to above for the bullish trend to be continuing with 6.7705 bullish daily target to re-enter.
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