EURUSD
| Pivots | |
|---|---|
| R3 | 0.9546 |
| R2 | 0.9514 |
| R1 | 0.9485 |
| Pivot Point | 0.9453 |
| S1 | 0.9424 |
| S2 | 0.9392 |
| S3 | 0.9363 |
| Key Levels | |
|---|---|
| Resistance | 0.9916 |
| Resistance | 0.9593 |
| Resistance | 0.9463 |
| Resistance | 0.9334 |
| Support | 0.8930 |
| Support | 0.8568 |
Trends
The Swing strategy is Long.
The Alligator strategy is Long.
Warning
The price action has broken 15th March prior higher high target. The price action is approaching upper envelope target.
Overview
Swing strategy: The breach of the 15th April high and prior potential higher low of the 1st May has coincided with a triangle break out. The price action is approaching its upper envelope with the 9th January high of 0.9593 being a potential price magnet.
Alligator strategy: Alligator indicator has turned bullish but the price action is extended from its deferred MA.
The daily range based upon the most recent Average True Range readings is 106 pips. This implies that EURUSD could potentially trade between 1.3003 and 1.3215.
Long scenario
- Conservative long above 1.3380 being the last daily fractal high.
- Aggressive long into the deferred MA’s off a lower time frame.
Short scenario
- Conservative short. The 1.3251 short set up as mentioned in a previous post is in play with projected targets being the envelope and Fibonacci extension. Add shorts beneath 1.3032 being the last daily down fractal.
- Aggressive short off a pull back into the deferred MA’s off a lower time frame.
Notes
There is nothing new to report from previous dayos analysis.
Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.
GBPUSD
| Pivots | |
|---|---|
| R3 | 0.9546 |
| R2 | 0.9514 |
| R1 | 0.9485 |
| Pivot Point | 0.9453 |
| S1 | 0.9424 |
| S2 | 0.9392 |
| S3 | 0.9363 |
| Key Levels | |
|---|---|
| Resistance | 0.9916 |
| Resistance | 0.9593 |
| Resistance | 0.9463 |
| Resistance | 0.9334 |
| Support | 0.8930 |
| Support | 0.8568 |
Trends
The Swing strategy is Long.
The Alligator strategy is Long.
Warning
The price action has broken 15th March prior higher high target. The price action is approaching upper envelope target.
Overview
Swing strategy: The breach of the 15th April high and prior potential higher low of the 1st May has coincided with a triangle break out. The price action is approaching its upper envelope with the 9th January high of 0.9593 being a potential price magnet.
Alligator strategy: Alligator indicator has turned bullish but the price action is extended from its deferred MA.
The daily range based upon the most recent Average True Range readings is 102 pips. This implies that GBPUSD could potentially trade between 1.5804 and 1.6008.
Long scenario
- Conservative scenario long above 1.6062 being the last daily fractal high.
- Aggressive long wait for a pull back into the deferred MA’s and identify entry off a lower time frame.
Short scenario
- Conservative short, trade beneath 1.5804 being the last daily fractal.
- Aggressive short neutral.
Notes
There is nothing new to report from previous dayos analysis.
Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.
USDJPY
| Pivots | |
|---|---|
| R3 | 0.9546 |
| R2 | 0.9514 |
| R1 | 0.9485 |
| Pivot Point | 0.9453 |
| S1 | 0.9424 |
| S2 | 0.9392 |
| S3 | 0.9363 |
| Key Levels | |
|---|---|
| Resistance | 0.9916 |
| Resistance | 0.9593 |
| Resistance | 0.9463 |
| Resistance | 0.9334 |
| Support | 0.8930 |
| Support | 0.8568 |
Trends
The Swing strategy is Long.
The Alligator strategy is Long.
Warning
The price action has broken 15th March prior higher high target. The price action is approaching upper envelope target.
Overview
Swing strategy: The breach of the 15th April high and prior potential higher low of the 1st May has coincided with a triangle break out. The price action is approaching its upper envelope with the 9th January high of 0.9593 being a potential price magnet.
Alligator strategy: Alligator indicator has turned bullish but the price action is extended from its deferred MA.
The daily range based upon the most recent Average True Range readings is 106 pips. This implies that EURUSD could potentially trade between 1.3003 and 1.3215.
Long scenario
- Conservative long above 1.3380 being the last daily fractal high.
- Aggressive long into the deferred MA’s off a lower time frame.
Short scenario
- Conservative short. The 1.3251 short set up as mentioned in a previous post is in play with projected targets being the envelope and Fibonacci extension. Add shorts beneath 1.3032 being the last daily down fractal.
- Aggressive short off a pull back into the deferred MA’s off a lower time frame.
Notes
There is nothing new to report from previous dayos analysis.
Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.
USDCHF
| Pivots | |
|---|---|
| R3 | 0.9546 |
| R2 | 0.9514 |
| R1 | 0.9485 |
| Pivot Point | 0.9453 |
| S1 | 0.9424 |
| S2 | 0.9392 |
| S3 | 0.9363 |
| Key Levels | |
|---|---|
| Resistance | 0.9916 |
| Resistance | 0.9593 |
| Resistance | 0.9463 |
| Resistance | 0.9334 |
| Support | 0.8930 |
| Support | 0.8568 |
Trends
The Swing strategy is Long.
The Alligator strategy is Long.
Warning
The price action has broken 15th March prior higher high target. The price action is approaching upper envelope target.
Overview
Swing strategy: The breach of the 15th April high and prior potential higher low of the 1st May has coincided with a triangle break out. The price action is approaching its upper envelope with the 9th January high of 0.9593 being a potential price magnet.
Alligator strategy: Alligator indicator has turned bullish but the price action is extended from its deferred MA.
The daily range based upon the most recent Average True Range readings is 106 pips. This implies that EURUSD could potentially trade between 1.3003 and 1.3215.
Long scenario
- Conservative long above 1.3380 being the last daily fractal high.
- Aggressive long into the deferred MA’s off a lower time frame.
Short scenario
- Conservative short. The 1.3251 short set up as mentioned in a previous post is in play with projected targets being the envelope and Fibonacci extension. Add shorts beneath 1.3032 being the last daily down fractal.
- Aggressive short off a pull back into the deferred MA’s off a lower time frame.
Notes
There is nothing new to report from previous dayos analysis.
Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.
Risk Disclaimer:
Users of ACFX.COM website and BLOG and any affiliated website note the content of the above analysis or any other information within the website do not at any time provide financial advice. The information is based on historical analysis and for educational purposes only. We recommend readers not to make any investment decision of any sort on the basis of the information above unless prior professional consultation is sought. Trading may not be suitable for all users of this website. Trading CFDs and Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Investors should ensure they fully understand the risks associated with leveraged CFD and FX trading before deciding to trade. Investors should carefully evaluate whether their financial situation is appropriate for such transactions.
