NZDUSD Golden Cross on 1D = Bearish SignalPattern: Channel Up on 1D.
Signal: Bearish as the pattern is about to print a Golden Cross, which even though is traditionally bullish, it has been bearish for NZDUSD on the last 3 occasions.
Target: 0.6300 (contact on the curve).
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Usdsignals
USDCAD on a sustainable reboundA while ago, I posted the following chart, saying that USDCAD was 'still far from a long term buy'. The conditions are finally set for the pair to be a fair long-term buy opportunity:
Pattern: Channel Up on 1W.
Signal: Bullish as the price rebounded on the 1W MA50 while the RSI hit its long-term Buy Zone.
Target: 1.4200 (first Resistance) and 1.46800 in extension (Higher High zone of the 1W Channel Up).
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USDJPY Buy SignalPattern: Descending Triangle on 1D.
Signal: Bullish as long as the 106.00 Support holds.
Target: 108.500 (around the Lower Highs trend-line from March 24).
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Most recent USDJPY signal:
EURUSD Trading PlanPattern: Channel Up on 4H.
Signal: (A) Bullish as long as the price is trading above the upper level of the Support Zone, (B) Bearish as long as it breaks below the lower level of the Support Zone.
Target: (A) 1.1450 (just below the Higher High of the Channel Up), (B) 1.1050 (expected contact with the 4H MA200).
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GBPUSD Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the price is approaching the Lower High zone of the pattern.
Target: 1.1950 (Lower Low trend-line).
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Previous GBPUSD idea:
EURUSD Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the price entered the Sell Zone (red rectangle) of the pattern and is still below the 1D MA200 (hasn't been crossed since March 30). Also the RSI is on its 2 month Resistance.
Target: 1.08200 short-term (the Higher Low blue dotted trend-line) and 1.07000 medium-term (top of the Buy Zone of the pattern).
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Most recent EURUSD signal:
NZDUSD Trading PlanPattern: Channel Up on 1D.
Signal: (A) Bullish as long as the pattern's bottom line holds, (B) Bearish if it breaks.
Target: (A) 0.61000 (just below the inter-pattern Lower Highs) and (B) 0.59100, 0.58450 (Support 1 and 2 respectively).
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Latest NZDUSD signal:
EURUSD Buy & Sell patternPattern: Channel Down on 1D.
Signal: Buy inside the Green Zone, Sell inside the Red Zone (in accordance to the Blue RSI Rectangle as well).
Target: 1.09300 and 1.0700 respectively
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Recent EURUSD signal:
EURUSD Action planPattern: Channel Down on monthly since June 2018.
Signal: (a) Bullish as long as 1.06500 holds, (b) Bearish if it breaks (potential pattern breakdown symmetrical to the break upwards earlier this month).
Target: (a) 1.08500 (potential contact with the 1D MA50 (b) 1.04100 (the -2.40% decline similar to the +2.40% outside of the pattern occurred in May 6th).
GBPUSD This feels like the Brexit sell-offThe current sell-off is similar to the Brexit shock on GBPUSD on June 24, 2016. Once the price got detached from the 1D MA50 it declined nearly -15% from the top. The reaction at the bottom was a pull back to the 0.236 Fibonacci level. The new (lower) High was confirmed by the MACD roll-over. If the same sequence plays out, then we see 1.1800 as a (lower) High. It is a risky trade though under the circumstances.
Previous signal: