cyberFX2019

cyberFX2019

After a very strong bullish candle on 1st August the bulls have been riding the uptrend. We can see clear all the beauty of Price action(HH, HL) and finding dynamic support on the EMA(20). Now(at 17:53 AEST) it seems the price is struggling to break the 1.3594 Resistance level. On 27th July this resistance level blocked the bulls upward move so based on that we...

cyberFX2019

Price broke the bearish channel yesterday(13/08) with a strong bearish candle and re-tested it with a "pseudo" Pin bar. The opening today at 7:00 am (AEST) shows a possible downward continuation. This idea is in agreement with linofx1 post. I will wait for the 11:00 am candle to confirm the downward move and for some PA signs to jump short. Also I will keep one...

cyberFX2019

My technical view on EURUSD Daily: Trend Direction: Bullish Stochastic Direction: Stochastic Crossed UP Daily Resistance: 1.18298 Daily Support: .13871 note: My resistance and Support are based on the last 30 bars, so it may be different form others. PA Type: Rejection at Support or Resistance Fundamental News: On Tuesday, 5th, the USD PMI; On Wed, the EUR...

cyberFX2019

The last Friday NY bearish closed sited at Fibo(38.2) and still showing a strong bullish move since last March we may see a bit more downward move to test the Fibo(50) at 1.16388 before start another bullish leg up again. While the price stays above the 1.5956 level I will look for any price action towards 1.18298 but with all chaos caused by this tariff war we...

cyberFX2019

GBPUSD Daily: A possible re-bounce at the confluence of the 1.28969 previous resistance with the Trendline and with the SMMA(8) may push the price to re-test the 1.34343, high from Sept 24.

cyberFX2019

CADCHF Daily: with the oil price not showing a strong recovery among other issues with the Trump's tariffs on Canadian products I am expecting a rejection on Fibo(61) at 0.61850 level confluence with 0.61907 previous Support level.

cyberFX2019

AUDJPY Daily: The downtrend seems to be continue. Price closed yesterday NY below the 94.169 support following the previous closes. At the time I am writing this it seems the bulls may not have enough momentum to break it so I believe the bears will keep moving down, maybe to re-test the 90.050 last relevant weekly Support. I will be waiting for tomorrow open for...

cyberFX2019

The EURUSD is going on a 3 months consolidation and looking at the technical side only we saw a DB @ 1.02258 and now we may see a DT @ 1.05280. Probably next week we see a better move but my guts are telling me another re-test at 1.02258.

cyberFX2019

This pair is in a strong consolidation since Aug last year with very little attempt to break any of the levels(0.6343 Resistance and 0.61933 Support). Late today(in AU) we have the BoC CPI Core(YoY) and the CPI(YoY)so if those brings a good reading there is a possibility to get a strong CAD move breaking the Resistance otherwise price should be heading to re-test...

cyberFX2019

The loonie has been kicking down the kiwi since Oct last year but they are putting a fight trying to recover some losses. We saw a false breakout on the TL strongly rejected by the loonie. Now (21:03 AEST) there is a "triple" confluence between the TL, the SMA(50) and the daily PP. This pair will be a bit trick to trade. Although the technical side follows some...

cyberFX2019

The AUD has experienced a hard fall from July last year dropping almost 2000 pips(1931). It managed to recover some losses but could not keep the momentum and went back to a downward move, this time a more smooth one confirming a downtrend continuation. We noticed a false break u on the TL in confluence with the SMA(50) that has been acting as a dynamic...

cyberFX2019

Price has been moving down since July recovering the losses. This downward move is confirmed not only by the LH as well as per the price trading below the SMA(50) and by the TL. Last week NY closed with a bearish candle closing below the 166.782 level and some strong bearish candle (in the previous days) confirming the bearish momentum. A confirmation of the break...

cyberFX2019

Since March 2020 the loonie has been in uptrend with ups and downs(as normal in this market) but from July 2024 it got a strong push back about 1442 pips in less than a month. I may be wrong but it was around that time Trump started to mention about the possible tariffs for Canada and seems the market reacted fast. Ok, after that the loonie managed to recover some...

cyberFX2019

AUDNZD Daily: The ascending TL has being a good support since September last year and lately the price broke the TL. At the moment we can see a bullish candle but still below the TL indicating a potential downward move that if persists we may see the price re-testing the 1.09362, Support level from December. If the price manage to break up the TL there will be a...

cyberFX2019

NZDUSD H4: The position of the price in relation to the EMAs and to the TL confirms a bearish trend. While the price stays below the TL and the EMAs any short position is in the table. The Support at 0.55814 has been tested and the price had been above that since October 2022 what could give 2 options: another rejection level that may will have a short life(due...

cyberFX2019

After 6 months in consolidation mode the price managed to break the 1.39531 Resistance and re-test the 1.41780 previous resistance from 2020 but didn't have enough bullish gas to close above that level. Now inside a small consolidation between 1.41780 and 1.39531 the bulls are trying to get back on the wheel after a strong bearish reaction on 26th pushing the...

cyberFX2019

The main trend is still downtrend as shown by the lowers lows and lowers highs but we can see a bounce from Support at 0.57966. The EMA(21) is acting as a dynamic resistance but if price managed to close above it should be a sign for a possible trend reversal, otherwise we may see a downward move continuation. The 0.57966 is a critical Support level and keeping an...

cyberFX2019

ICMARKETS:GBPUSD The UK has been feeling he inflation pressure for some time but lately it is showing some better results giving the BoE some time to decide a better approach in terms of the Interest Rate move. The UK growth is still low showing a possible recession risk. The US seems to be in a better position with the FED maintaining a tight policy with a...