onetarmizi
Elite Member
- Messages
- 4,261
- Joined
- May 30, 2006
- Messages
- 4,261
- Reaction score
- 938
- Points
- 76
Mencelah skit ye Pak..
EUR/USD
On the 4 H chart, we notice that the bearish trend is running ahead. It appears that the pair is targeting to the 1.3600 level. The volatility has decreased and the EUR/USD is in a consolidation period after breaking the 1.3650 support level. The price should continue to move downwards in a range of 1.3730 to 1.3600. As it seems, the bearish pressure will continue to gather momentum also today.
GBP/USD
On the 4 H chart, a falling wedge (bearish) is forming which may imply a continuation of the bearish carry trade. The pair is now forming a downwards channel with strong resistance at the 2.0100 level. It's recommended to time the entrance to the market with short term charts, 2.0200 seems like a strong entry point. At the moment GPB USD is being traded around 2.0260 to 2.0100 range. The volatility is low and today we should expect to see more bearish pressure on the GBP.
USD/JPY
The USD JPY broke the 117.75 resistance level. USD JPY is in a downtrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands have tightened. Again today, we should expect to see a bearish configuration. 1H, 4H Elliott pattern implies that the USD JPY will continue to gather momentum. The target is expected at 117.00 level.
USD/CHF
The USD CHF is in a bearish configuration. The volatility has decreased. USD/CHF is moving without a trend and is swinging around the exponential moving averages (EMA 50 and 100). Bollinger bands have tightened. 1H, 4H Elliott pattern implies a continuation of the bearish pressure. The target is expected at 1.1940
EUR/USD
On the 4 H chart, we notice that the bearish trend is running ahead. It appears that the pair is targeting to the 1.3600 level. The volatility has decreased and the EUR/USD is in a consolidation period after breaking the 1.3650 support level. The price should continue to move downwards in a range of 1.3730 to 1.3600. As it seems, the bearish pressure will continue to gather momentum also today.
GBP/USD
On the 4 H chart, a falling wedge (bearish) is forming which may imply a continuation of the bearish carry trade. The pair is now forming a downwards channel with strong resistance at the 2.0100 level. It's recommended to time the entrance to the market with short term charts, 2.0200 seems like a strong entry point. At the moment GPB USD is being traded around 2.0260 to 2.0100 range. The volatility is low and today we should expect to see more bearish pressure on the GBP.
USD/JPY
The USD JPY broke the 117.75 resistance level. USD JPY is in a downtrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands have tightened. Again today, we should expect to see a bearish configuration. 1H, 4H Elliott pattern implies that the USD JPY will continue to gather momentum. The target is expected at 117.00 level.
USD/CHF
The USD CHF is in a bearish configuration. The volatility has decreased. USD/CHF is moving without a trend and is swinging around the exponential moving averages (EMA 50 and 100). Bollinger bands have tightened. 1H, 4H Elliott pattern implies a continuation of the bearish pressure. The target is expected at 1.1940
