| Pivots | |
|---|---|
| R3 | 1.27437 |
| R2 | 1.27038 |
| R1 | 1.26711 |
| Pivot Point | 1.26312 |
| S1 | 1.25985 |
| S2 | 1.25586 |
| S3 | 1.25259 |
| Key Levels | |
|---|---|
| Resistance | 1.31450 |
| Resistance | 1.30000 |
| Resistance | 1.25880 |
| Support | 1.24560 |
| Support | 1.23300 |
| Support | 1.18760 |
Trend
The Swing strategy is short.
The Alligator strategy neutral.
Warning
Morning opening gap. Negative stochastic divergence.
Overview
Swing Strategy: Although the swing strategy is still technically short, the market as mentioned in a previous post has taken out the 11th June highs. We are watching for a possible gap fill.
Alligator Strategy:
The Alligator indicator has turned neutral from negative. The deferred MA’s are intertwined with the price action trading above the Jaw.
Possible range
The daily range based upon the most recent Average True Range readings is 123 pips. This implies that EURUSD could potentially trade between 1.25154 and 1.27614.
Long scenario
- Conservative long above 1.26673 being the last daily fractal high is in play.
- Aggressive long neutral.
Short scenario
- Conservative short beneath 1.24348 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.
| Pivots | |
|---|---|
| R3 | 1.60542 |
| R2 | 1.58907 |
| R1 | 1.58020 |
| Pivot Point | 1.56385 |
| S1 | 1.55498 |
| S2 | 1.53863 |
| S3 | 1.52976 |
| Key Levels | |
|---|---|
| Resistance | 1.6300 |
| Resistance | 1.6165 |
| Resistance | 1.5991 |
| Resistance | 1.5602 |
| Support | 1.5300 |
| Support | 1.5271 |
| Support | 1.5234 |
Trends
The Swing strategy is short.
The Alligator strategy is neutral.
Warning
Deep Fibonacci retracement.
Overview
Swing Strategy :
The price action has rebounded strongly off the triangle bottom and slashed through resistance at 1.56020. We are now trading off the 78.6% Fibonacci level. A pull back from this high would not be unexpected after such a large move in one direction.
Alligator Strategy:
The Alligator indicator has turned neutral from bearish with the price action hugging the Jaws and the deferred MA’s being intertwined.
Possible range
The daily range based upon the most recent Average True Range readings is 136 pips. This implies that GBPUSD could potentially trade between 1.55772 and 1.58492.
Long scenario
- Conservative long above 1.55971 being the last daily fractal high is in play.
- Aggressive long neutral.
Short scenario
- Conservative short, beneath 1.5268 being the last daily fractal./li>
- Aggressive long 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.
| Pivots | |
|---|---|
| R3 | 80.163 |
| R2 | 79.833 |
| R1 | 79.265 |
| Pivot Point | 78.935 |
| S1 | 78.367 |
| S2 | 78.037 |
| S3 | 77.469 |
| Key Levels | |
|---|---|
| Resistance | 84.88 |
| Resistance | 84.17 |
| Resistance | 83.38 |
| Resistance | 81.97 |
| Resistance | 80.22 |
| Support | 77.88 |
| Support | 74.62 |
Trends
The Swing strategy is short.
The Alligator strategy is short.
Warning
Price action trading above its trend channel. Negative stochastic divergence.
Overview
Swing Strategy : Price action has broken its trend channel. We are expecting a possible pull back from these levels. That the channel has been broken is a warning sign that the trend may be reversing to the upside.
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 0.621. This implies that USDJPY could potentially trade between 78.077 and 79.319.
- Conservative long above 79.737 being the last daily fractal high.
- Aggressive long neutral.
Short scenario
- Conservative short below 77.65 being the last daily fractal low.
- 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 | 0.95982 |
| R2 | 0.95631 |
| R1 | 0.95328 |
| Pivot Point | 0.95067 |
| S1 | 0.94764 |
| S2 | 0.94503 |
| S3 | 0.94200 |
| Key Levels | |
|---|---|
| Resistance | 0.9916 |
| Resistance | 0.9774 |
| Support | 0.9599 |
| Support | 0.9463 |
| Support | 0.9334 |
| Support | 0.8930 |
| Support | 0.8568 |
Trends
The Swing strategy is long.
The Alligator strategy neutral.
Warning
USDCHF morning gap down.
Overview
Swing strategy:Price has gapped down from its consolidation area. Price is at the 78.6% Fibonacci level. We are watching for a gap fill.
Alligator strategy: The Alligator indicator is neutral with the deferred MA’s intertwined and the price action trading beneath the Jaw.
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 0.94116 and 0.95996.
Long scenario
- Conservative long above 0.94471 being the last daily fractal high.
- Aggressive long neutral.
Short scenario
- Conservative short below 0.94771 being the last daily fractal low is in play.
- 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.
