| Pivots | |
|---|---|
| R3 | 1.3083 |
| R2 | 1.3045 |
| R1 | 1.2987 |
| Pivot Point | 1.2949 |
| S1 | 1.2891 |
| S2 | 1.2853 |
| S3 | 1.2795 |
| Key Levels | |
|---|---|
| Resistance | 1.3485 |
| Resistance | 1.3385 |
| Support | 1.3332 |
| Support | 1.3251 |
| Support | 1.3145 |
| Support | 1.3000 |
Trend
The Swing strategy. Short.
The Alligator strategy. Short.
Warning
The price support of 1.2970 has been broken. Stochastic oversold.
Overview
Swing Strategy :The 1st May Lower higher has now been confirmed by Monday’s gap down and breach of the 16th April low. We now have an unfilled gap. Daily support around the 1.2970 area has been broken. We are watching for a bounce off this level before a further selloff.
Alligator Strategy:
The Alligator indicator has turned from a neutral to a short bias. Price extended from the deferred MA’s.
Possible range
The daily range based upon the most recent Average True Range readings is 91 pips. This implies that EURUSD could potentially trade between 1.2838 and 1.3020.
Long scenario
- Conservative long above 1.3283 being the last daily fractal high.
- Aggressive long into the deferred MA’s.
Short scenario
- Conservative short beneath 1.3157 is in play. Further shorts beneath 1.2947 have been triggered. Current status neutral.
- Aggressive short pullbacks 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.
| Pivots | |
|---|---|
| R3 | 1.6265 |
| R2 | 1.6213 |
| R1 | 1.6170 |
| Pivot Point | 1.6118 |
| S1 | 1.6075 |
| S2 | 1.6023 |
| S3 | 1.5980 |
| Key Levels | |
|---|---|
| Resistance | 1.7042 |
| Resistance | 1.6737 |
| Resistance | 1.6165 |
| Support | 1.5991 |
| Support | 1.5602 |
| Support | 1.5300 |
Trends
The Swing strategy. Long
The Alligator strategy. Long.
Warning
Price trading within the deferred MA’s and broken the 161.8% fib target. The stochastic has breached its overbought area and turned into the upper levels of its neutral area. We are watching for a retest of the boundary of the upper envelope.
Overview
Swing Strategy :
The pull back from the 30th April high is under way. This pull back has been orderly. Ideally a re-entry long would be at the fib support coming in at 1.6055. However a close above the 9th May high is a technical long trigger.
Alligator Strategy:
The Alligator indicator is bullish. As the trend is up, the preferred strategy is to purchase any pull backs into the deferred MA’s or buy break outs of the current daily fractal high.
Possible range
The daily range based upon the most recent Average True Range readings is 77 pips. This implies that GBPUSD could potentially trade between 1.6050 and 1.6204.
Long scenario
- Conservative long above 1.6300 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 1.6114 is in play.
- Aggressive short neutral.
Notes
Shorts are counter to the prevailing trend.
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.
| Pivots | |
|---|---|
| R3 | 80.40 |
| R2 | 80.17 |
| R1 | 79.89 |
| Pivot Point | 79.66 |
| S1 | 79.38 |
| S2 | 79.15 |
| S3 | 78.87 |
| Key Levels | |
|---|---|
| Resistance | 84.88 |
| Resistance | 84.17 |
| Resistance | 83.38 |
| Support | 81.97 |
| Support | 80.22 |
| Support | 76.42 |
Trends
The Swing strategy. Short.
The Alligator strategy. Short.
Warning
A potential Lower High has been confirmed by the breach of the 16th April lows. The stochastic is forming a positive divergence.
Overview
Swing Strategy : The current price level is a Potential Lower Low with the price action trading within the range of the 30th April low and 2nd May high. The expected scenario would be for a pullback prior to a break of the last swing low pivot.
Alligator strategy:The Alligator indicator has turned negative. The preferred strategy is to short pull backs into the deferred MA’s off a lower time frame or trade the breakdown of the last daily fractal low.
Possible range
The daily range based upon the most recent Average True Range readings is 0.5907. This implies that USDJPY could potentially trade between 79.0293 and 80.2107.
Long scenario
- Conservative long above 80.04 being the last daily fractal high.
- Aggressive long into the deferred MA’s off a lower time frame.
Short scenario
- Conservative short below 79.63 is in play.
- An aggressive short, short pullback into the deferred MA’s in lower time frames.
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.
| Pivots | |
|---|---|
| R3 | 0.9384 |
| R2 | 0.9342 |
| R1 | 0.9316 |
| Pivot Point | 0.9274 |
| S1 | 0.9248 |
| S2 | 0.9206 |
| S3 | 0.9180 |
| Key Levels | |
|---|---|
| Resistance | 0.9916 |
| Resistance | 0.9593 |
| Resistance | 0.9463 |
| Resistance | 0.9334 |
| Support | 0.8930 |
| Support | 0.8568 |
Trends
The Swing strategy. Long.
The Alligator strategy is Long.
Warning
N/A
Overview
Swing strategy: This morning’s breach of the 16th April high and prior potential higher low of the 1st May has coincided with a triangle break out. As long as the price action can hold above the 1st of May low the swing strategy is long with any pull backs being buying opportunities. A pullback to the downside slopping trend line which is formed by the triangle top is a possible scenario for a long entry.
Alligator strategy: The Alligator indicator has turned bullish but the price action is extended from its deferred MA.
Possible range
The daily range based upon the most recent Average True Range readings is 64 pips. This implies that USDCHF could potentially trade between 0.9225 and 0.9353.
Long scenario
- Conservative long above 0.9133 being the last daily fractal high is in play. New longs above 0.9271 have been triggered.
- Aggressive long buy pull backs into the deferred MA’s.
Short scenario
- Conservative short below 0.9042 being the last daily fractal low.
- Aggressive short 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.
