EURUSD
| Pivots | |
|---|---|
| R3 | 1.27607 |
| R2 | 1.27203 |
| R1 | 1.26484 |
| Pivot Point | 1.26080 |
| S1 | 1.25361 |
| S2 | 1.24957 |
| S3 | 1.24238 |
| Key Levels | |
|---|---|
| Resistance | 1.31450 |
| Resistance | 1.30000 |
| Support | 1.25880 |
| Support | 1.24560 |
| Support | 1.23300 |
| Support | 1.18760 |
Trends
The Swing strategy is short.
The Alligator strategy is neutral.
Warning
Potential higher low.
Overview
Swing Strategy: This morning’s price action has put in a potential higher low. A break of the 18th June highs will potentially signify a change of trend to the long side.
Alligator strategy:The Alligator indicator has turned neutral.
Possible range
The daily range based upon the most recent Average True Range readings is 124 pips. This implies that EURUSD could potentially trade between 1.24526 and 1.27006.
Long scenario
- Conservative long above 1.26919 being the last daily fractal high.
- Aggressive long neutral.
Short scenario
- Conservative short beneath 1.24066 being the last daily fractal low.
- Aggressive short neutral.
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 | 1.58069 |
| R2 | 1.57636 |
| R1 | 1.57269 |
| Pivot Point | 1.56836 |
| S1 | 1.56469 |
| S2 | 1.56036 |
| S3 | 1.55669 |
| 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 on Friday closed above the range of the swing low of the 28th June. A breach of the 20th June high will confirm a new uptrend.
Alligator Strategy: The Alligator indicator has turned neutral.
Possible range
The daily range based upon the most recent Average True Range readings is 122 pips. This implies that GBPUSD could potentially trade between 1.55682 and 1.5122.
Long scenario
- Conservative long above 1.56494 being the last daily fractal high is in play.
- Aggressive long neutral.
Short scenario
- Conservative short, beneath 1.54853 being the last daily fractal low.
- Aggressive short neutral.
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.
USDJPY
| Pivots | |
|---|---|
| R3 | 80541 |
| R2 | 80.253 |
| R1 | 79.879 |
| Pivot Point | 79.591 |
| S1 | 79.217 |
| S2 | 78.929 |
| S3 | 78.555 |
| 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 Long.
The Alligator strategy is Long.
Warning
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.
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 0.6601. This implies that USDJPY could potentially trade between 78.8439 and 80.1641.
Long scenario
- Conservative long above 79.982 being the last daily fractal high.
- Aggressive long buy pullbacks into the deferred MA’s.
Short scenario
- Conservative short below 79.136 being the last daily fractal low.
- An aggressive short neutral.
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 | 0.96646 |
| R2 | 0.96115 |
| R1 | 0.95799 |
| Pivot Point | 0.95268 |
| S1 | 0.94952 |
| S2 | 0.94421 |
| S3 | 0.94105 |
| 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 Neutral.
Warning
Potential lower high forming.
Overview
Swing strategy: Friday’s sell off is forming a potential lower high. A close beneath yesterdays range will signal a potential short signal and a breach of the 18th June lows a change of trend.
Alligator strategy: The Alligator indicator has turned neutral.
Possible range
The daily range based upon the most recent Average True Range readings is 94 pips. This implies that USDCHF could potentially trade between 0.94544 and 0.96424.
Long scenario
- Conservative long above 0.96779 being the last daily fractal high.
- Aggressive long buy neutral.
Short scenario
- Conservative short below 0.94626 being the last daily fractal low.
- Aggressive short neutral.
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.
