:: 4H :: Show full picture On the short and medium term , Gold is trending up . Early on the 4H timeframe it broke a downtrend line with 2 tops and was successfully tested Recently it broke and closed above the newly formed resistance level 1532.30 Now working as support Based on the previous analysis , There’s a Long opportunity on the GOLD Best level to buy at was near 1533.20 with target at the upper limit of the channel at 1569.70 SL should be below 1515.40 as its break will allow the price to go lower .    Read More →

:: Daily ::       Show full picture The GBP / JPY currency pair showed an obvious hummer candlestick at testing the support level 125.47 which is a historical low this candlestick indicates upside movemet confirmed further the upside movement was contained at the resistance level 139.75 which stopped the upside swing of the pair leading to correction forming a flag pattern The support level 131.20 which is 50% fibonatcci of the last swing up held the price above preventing further decline The 25 May’s daily candle closed outside the upper... 

:: 4H ::     Show full picture   EUR / USD showed possible change in short/mid term direction on the 4H timeframe which we mentioned before . Pattern 1 2 3 with broken high ( 2 ) gave warning early to  possible change in short term direction which was confirmed with further moving to upside As we mentioned before we need to see breaching of 1.4350 level in order to make sure of the bullish direction Although targets for the original position were hit ,strong breaching of this level recommends keeping small portions of  long positions for... 

AUD/USD has developed wave 1.1011-1.0439 – according to wave count this was corrective wave B of long term uptrend. And now this currency pair stands in the beginning of potential impulse wave C – colored plum in the chart. The targets above the current price level are Fibonacci retracements of 1.1011-1.0439, and Fibonacci expansions off 1.0439-1.0726-1.0674. Resistances: - 1.0792 = .618 retracement - 1.0851 = contracted objective point (COP) If the price reverses down the immediate supports will be Fibonacci retracements of 1.0439-1.0756. Supports: -... 

GBP/JPY is still moving within impulse wave C of long term uptrend – colored light green in the chart. On smaller scale this wave has the following subwaves: impulse subwave C (colored royal blue in the chart) that consists of A-B and C subwaves of still smaller degree (colored magenta). Now the targets of the upmove are Fibonacci retracements of 137.03-130.26, 139.93-130.26, and expansions off 130.26-133.16-130.74, 130.74-132.96-131.25, 131.25-133.78-132.61, 132.61-133.62-132.98. Resistances: - 134.44 = .618 retracement (achieved) - 134.61 = expanded...