| Pivots | |
|---|---|
| R3 | 1.2604 |
| R2 | 1.2555 |
| R1 | 1.2460 |
| Pivot Point | 1.2411 |
| S1 | 1.2316 |
| S2 | 1.2267 |
| S3 | 1.2172 |
| 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
Yesterday we had an extended down move with support of 1.2330 in sight.
Overview
Swing Strategy: The price action has continued to trade beneath its lower boundary with no sign yet that a corrective pull back will take place. This move has as previously mentioned has had the effect of expanding the linear channel thus giving the pair large price targets either side of this channel. The Fibonacci extension level of 161.80% is in line with the channel bottom at 1.2040. In the mean time we are watching for various corrective pullback levels with the nearest target area being 1.2586/1.2720 which is the 50/78.6 Fibonacci.
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 113 pips. This implies that EURUSD could potentially trade between 1.2253 and 1.2479.
Long scenario
- Conservative long above 1.2624 being the last daily fractal high.
- Aggressive long into the deferred MA’s.
Short scenario
- Conservative short beneath 1.2496 being the last daily fractal low is in play.
- 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 | 1.5770 |
| R2 | 1.5707 |
| R1 | 1.5592 |
| Pivot Point | 1.5529 |
| S1 | 1.5414 |
| S2 | 1.5351 |
| S3 | 1.5236 |
| 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
The price action has broken the 25th May low and slashed through support at 1.5602. A large potential positive stochastic divergence is still forming. Price extended from its deferred MA’s
Overview
Swing Strategy :
The aggressive move down over the past few trading sessions has reversed the swing count to bearish. This move down has been so aggressive that the price action is now approaching its envelope and triangle trend line bottom. In the meantime we are watching for areas where a correct pullback could possible trade to with the nearest being the 50/61.8 Fibonacci at 1.5655/1.5697.
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 101 pips. This implies that GBPUSD could potentially trade between 1.5375 and 1.5577.
Long scenario
- Conservative long above 1.5847 being the last daily fractal high.
- Aggressive long into the deferred MA’s.
Short scenario
- Conservative short, beneath 1.5630 being the last daily fractal.
- 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 | 80.16 |
| R2 | 79.86 |
| R1 | 79.46 |
| Pivot Point | 79.16 |
| S1 | 78.76 |
| S2 | 78.46 |
| S3 | 78.06 |
| 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
The pair is at the 61.8 Fibonacci level. We are watching for price support to hold in this area. Continued potential stochastic positive divergence.
Overview
Swing Strategy : We are looking for a corrective pullback to the top of the trend channel which is line with the minor swing Fibonacci level.
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 0.5364. This implies that USDJPY could potentially trade between 78.5236 and 79.5964.
Long scenario
- Conservative long above 80.14 being the last daily fractal high.
- Aggressive long into the deferred MA’s.
Short scenario
- Conservative short below 79.33 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 | 0.9859 |
| R2 | 0.9786 |
| R1 | 0.9748 |
| Pivot Point | 0.9675 |
| S1 | 0.9637 |
| S2 | 0.9564 |
| S3 | 0.9526 |
| 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 above the 25th May high. A minor potential negative stochastic divergence is forming.
Overview
Swing strategy:The 9th January high of 0.9593 has been breached. We are watching for an orderly pull back as a potential buying opportunity with the target being the minor Fibonacci level.
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 80 pips. This implies that USDCHF could potentially trade between 0.9630 and 0.9790.
Long scenario
- Conservative long above 0.9610 being the last daily fractal high is in play.
- Aggressive long buy pull backs into the deferred MA’s.
Short scenario
- Conservative short below 0.9528 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.
