| Pivots | |
|---|---|
| R3 | 1.2986 |
| R2 | 1.2890 |
| R1 | 1.2834 |
| Pivot Point | 1.2738 |
| S1 | 1.2586 |
| S2 | 1.2622 |
| S3 | 1.2530 |
| 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 action has rebounded off its lower envelope support. A potential positive stochastic divergence is forming.
Overview
Swing Strategy: The 16th January prior low at 1.2624 is now a price magnet for continued short bias. That the price action has now rebounded off the lower band of the envelope after 12 lower lows since the 1st May high may give bull’s encouragement to participate in a corrective rally with targets to the upper boundary of the regression channel and then to resistance at 1.2970.
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 97 pips. This implies that EURUSD could potentially trade between 1.2682 and 1.2876.
Long scenario
- Conservative long above 1.3283 being the last daily fractal high.
- Aggressive long into the deferred MA’s.
Short scenario
- Conservative short 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 | 1.5962 |
| R2 | 1.5900 |
| R1 | 1.5857 |
| Pivot Point | 1.5795 |
| S1 | 1.5752 |
| S2 | 1.5690 |
| S3 | 1.5647 |
| Key Levels | |
|---|---|
| Resistance | 1.7042 |
| Resistance | 1.6737 |
| Resistance | 1.6165 |
| Support | 1.5991 |
| Support | 1.5602 |
| Support | 1.5300 |
Trends
The Swing strategy. Short.
The Alligator strategy. Short.
Warning
Price slashed through Fibonacci support levels and has breached the 5th April Higher Low at 1.5804. Alligator has turned to sell mode.
Overview
Swing Strategy :
The breach of the 5th April higher low as reversed the swing count from positive to negative bias. We are watching for a potential lower high to form at the 50/61.80% being 1.6012/1.6081. This will effectively form a Head and Shoulders pattern.
Alligator Strategy:
The Alligator indicator has turned bearish from neutral. Price extended from the MA’s. The possible strategy is to short the market in the deferred MA’s.
Possible range
The daily range based upon the most recent Average True Range readings is 89 pips. This implies that GBPUSD could potentially trade between 1.5726 and 1.5904.
Long scenario
- Conservative long above 1.6300 being the last daily fractal high.
- Aggressive long into the deferred MA’s.
Short scenario
- Conservative short, neutral.
- Aggressive short sell pull backs 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 | 79.77 |
| R2 | 79.61 |
| R1 | 79.31 |
| Pivot Point | 79.15 |
| S1 | 78.85 |
| S2 | 78.69 |
| S3 | 78.39 |
| 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 is forming.
Overview
Swing Strategy : We are awaiting a confirmation of the 16th May Potential Lower High. The price action has breached the potential lower low of the 9th May at 79.42.
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 0.5200. This implies that USDJPY could potentially trade between 78.49 and 79.53.
Long scenario
- Conservative long above 80.54 being the last daily fractal high.
- Aggressive long into the deferred MA’s.
Short scenario
- Conservative short below 79.42 being the last daily fractal low is in play.
- An aggressive short, short pullback 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 | 0.9583 |
| R2 | 0.9541 |
| R1 | 0.9470 |
| Pivot Point | 0.9428 |
| S1 | 0.9357 |
| S2 | 0.9315 |
| S3 | 0.9244 |
| 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 has rebounded off the 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 has rebounded off its upper envelope with the 9th January high of 0.9593 being a potential price magnet.
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 69 pips. This implies that USDCHF could potentially trade between 0.9329 and 0.9467.
Long scenario
- Conservative long neutral.
- 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
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.
