EURUSD
| Pivots | |
|---|---|
| R3 | 1.26651 |
| R2 | 1.25363 |
| R1 | 1.25023 |
| Pivot Point | 1.24735 |
| S1 | 1.24395 |
| S2 | 1.24107 |
| S3 | 1.23767 |
| Key Levels | |
|---|---|
| Resistance | 1.31450 |
| Support | 1.30000 |
| Support | 1.25880 |
| Support | 1.24560 |
| Support | 1.23300 |
| Support | 1.18760 |
Trends
The Swing strategy is short.
The Alligator strategy is short.
Warning
Price action has closed beneath the lows of the 18th June range.
Overview
Swing Strategy: The currency pair had traded back to the middle of its channel .It has now closed beneath the range created by a potential swing high. The initial target for any further down move being the previous low.
Alligator strategy: The Alligator indicator has turned negative from neutral.
Possible range
The daily range based upon the most recent Average True Range readings is 119 pips. This implies that EURUSD could potentially trade between 1.23673 and 1.26053.
Long scenario
- Conservative long above 1.27468 being the last daily fractal high.
- Aggressive long into the deferred MA’s.
Short scenario
- Conservative short beneath 1.24408 being the last daily fractal low.
- Aggressive short pullbacks into the deferred MA.
Notes
N/A
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 | 1.57210 |
| R2 | 1.56814 |
| R1 | 1.56238 |
| Pivot Point | 1.55842 |
| S1 | 1.55266 |
| S2 | 1.54870 |
| S3 | 1.54294 |
| Key Levels | |
|---|---|
| Resistance | 1.6300 |
| Resistance | 1.6165 |
| Resistance | 1.5991 |
| Support | 1.5602 |
| Support | 1.5300 |
| Support | 1.5271 |
| Support | 1.5234 |
Trends
The Swing strategy is Short.
The Alligator strategy is Neutral.
Warning
Potential higher low is forming.
Overview
Swing strategy: GBPUSD has experienced a 3 bar lower low pullback since the high was put in on the 20th June. Yesterday’s price action closed above the range of the 25th June low. This is price action could potentially create a higher swing low formation with an initial price target being the prior high of the 20th June.
Alligator Strategy: The Alligator indicator has turned neutral.
Possible range
The daily range based upon the most recent Average True Range readings is 119 pips. This implies that GBPUSD could potentially trade between 1.54472 and 1.56852.
Long scenario
- Conservative long above 1.56494 being the last daily fractal high.
- Aggressive long neutral.
Short scenario
- Conservative short, beneath 1.53376 being the last daily fractal.
- Aggressive short sell pullbacks into the deferred MA’s.
Notes
There is nothing new to report from previous day’s 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 | 80.442 |
| R2 | 80.151 |
| R1 | 79.930 |
| Pivot Point | 79.639 |
| S1 | 79.418 |
| S2 | 78.127 |
| S3 | 78.906 |
| Key Levels | |
|---|---|
| Resistance | 84.88 |
| Resistance | 84.17 |
| Resistance | 83.38 |
| Resistance | 81.97 |
| Resistance | 80.22 |
| Support | 77.88 |
| Support | 76.42 |
Trends
The Swing strategy is short.
The Alligator strategy is Long.
Warning
Price action has broken a minor swing high.
Overview
Swing strategy: The price action has broken a previous minor swing high and is now trading above its channel. We are watching for a weak pullback before a further up move.
Alligator strategy: The Alligator indicator has turned long.
Possible range
The daily range based upon the most recent Average True Range readings is 0.6239. This implies that USDJPY could potentially trade between 79.0861 and 80.3339.
Long scenario
- Conservative long above 80.613 being the last daily fractal high.
- Aggressive long buy pullbacks into the deferred MA’s.
Short scenario
- Conservative short below 79.748 being the last daily fractal low.
- An aggressive short into the deferred MA’s.
Notes
N/A
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 | 0.97022 |
| R2 | 0.96759 |
| R1 | 0.96537 |
| Pivot Point | 0.96274 |
| S1 | 0.96052 |
| S2 | 0.95789 |
| S3 | 0.95567 |
| Key Levels | |
|---|---|
| Resistance | 0.9916 |
| Resistance | 0.9774 |
| Resistance | 0.9599 |
| Support | 0.9463 |
| Support | 0.9334 |
| Support | 0.8930 |
| Support | 0.8568 |
Trends
The Swing strategy is Long.
The Alligator strategy is Long.
Warning
Price action closed and trading above the high of the potential swing low.
Overview
Swing strategy: The price action has closed and is now trading above the high of a potential swing low range. The initial target for any further potential up move is the previous Highest High and them the top of its channel.
Alligator strategy: The Alligator indicator has turned bullish.
Possible range
The daily range based upon the most recent Average True Range readings is 90 pips. This implies that USDCHF could potentially trade between 0.95416 and 0.97216.
Long scenario
- Conservative long above 0.96516 being the last daily fractal high.
- Aggressive long buy pullbacks back into the deferred MA’s.
Short scenario
-Conservative short below 0.94216
being the last daily fractal low.
- Conservative long above 0.96516 being the last daily fractal high.
- Aggressive short into the deferred MA’s.
Notes
N/A
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.
