EurNzd bearish move forecast

This pair has been moving downward with style from January with up swings in between.

It looks, presently,like price could be rejected at 1.62s after a strong resistance was formed there.

The expected bearish move form this level could drive the market to 1.56s

Get my feel from the chart below

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Gbpchf Analysis for the last week of April

Wow!...What more can I say on this pair?. Consistently for more than two months, I have been able to follow this pair and predict its movement almost perfectly

I predicted a level for bearish run last week and Gchf moved down significantly from that level and presently, I am on 90pips plus. I will hold my sell till am convinced not to do so after taking profits at two different levels of the recent bearish correction move.

I see this move as a correction move which could still extend to 1.4725-1.4745 before the bullish move continues. Should this pair reach this level and bounce off....we should be ready for a big bullish move to 1.4900 and beyond.

With the analytical chart below, someone might have a clearer picture.

Please let me know if this blog has been helping someone by your comments  and you can also contact me if you need a trading partner,mentor or fund manager
e-mail-sanmiadeagbo@yahoo.com
Facebook- sanmi Adeagbo
twitter- Forexelyte
Phone no: (234)08134820569

Is UJ set for the bearish continuation move?

UsdJpy could be set for a new bearish adventure...Check the analytical chart below

GbdAud weekly analysis 21st-25th April

A head and shoulder which started on November last year was broken last month.

Presently,for almost 1 week, price has been trying to retest the neckline of this head and shoulder.

I'm also expecing wave 4 to be formed at this neckline before a new bearish takes off to hit 1.7490 where the bullish trend should continue.

I will watch price bearish signal at the neckline and ride to 1.7490 if the market gives me its back before I look forward to fly up again.

Many parameters are converging at 1.7490 which makes it a magnetic zone for price.

A picture speaks louder than a thousand words....what about 2 Pictures?

To learn about how I trade/ If you need a forex mentor/partner or a fund manager, call me (234)08134820569 or mail me @ sanmiadeagbo@yahoo.com

Gbpchf analysis 21st-25th April 2014

If you have been following me, you would have discovered how I have almost perfectly followed this pair. 

On 13th April, I predicted a bullish run high up and provided a possible reversal zone signalling end of wave 5 and successful formation of a gartley pattern....

Now this level is approaching and am just right there in advance looking for price action around 1.4860-1.4885 before paddling my boat to start a fresh bearish journey. 

You could also watch this level

A picture speaks louder than a thousand words, check the analytical chart below. 

To learn about how I trade/ If you need a forex mentor/partner or a fund manager, call me (234)08134820569 or mail me @ sanmiadeagbo@yahoo.com

Eur/Usd Analysis for 21st to 25th April 2014

This pair started the bearish mid-term run on 11th April and retraced upward 3days after to prepare for more bearish run.

The trend outlook is still bullish and if the bearish mid-term run should continue, I expect it to end at 1.3735 which is a nice reversal zone from elliot wave and harmonic pattern point of view at a strong support level..

I will wait to buy at the indicated zone/level if I see a bullish signal.

A picture speaks more than a thousand words, check my analytical chart below.

To learn about how I trade/ If you need a forex mentor/partner or a fund manager, call me (234)08134820569 or mail me @ sanmiadeagbo@yahoo.com

GbpUsd ABC bearish correction?

I expect an ABC bearish correction on this pair...This pair has given me 220 pips since last week.

I see a deep cab pattern has formed already, so I expect market reaction to be bearish. 

A picture speaks louder than a thousand words. Check the chart below

The wave 5 could be completed because of the following parameters:

1. 1.618 fibo extension of wave 1 from wave 2

2. 1.13 deep retracement of the prior downward move thereby forming a deep crab pattern

3. A resistance trendline

4. A pin bar forming on the daily chart

I expect this bearish move (if it happens) to be an ABC correction which could go deep to 50% ret (at 1.6700), 61.8%ret (at 1.6650) or 1.6600 ofthe upward move from 1.6460.

Why i will consider buying Gbpchf this week

Picture , they say, speaks louder than a thousand words...check the chart below for how I analysed Gbpchf

What do you think of UsdCad? A bullish retracement?

I see UsdCad retracing to 1.1010 befor a possible bearish continuation if the bear doesnt take over

GbpUsd might decline to resume another bullish BOOM

This pair is clearly trending up. According to my analysis, we might have a dip at any of these levels for a significant bearish retracement

1. 1.6820

2. 1.6885

3. 1.702-3

Presently, the cable is forming the possible retracement at 1.6820 to further push up to 1.702 and I would trade it if the momentum is well trending.

1.667-8 could be a realistic target if this is a real corrective reversal to push up to 1.702 as I earlier mentioned.

 The analytical chart below showed my parameters @ 1.6820

UsdJpy could form a dip!

This market is still in a very strong Uptrend and it's still maintaining it.
Presently we see a falling triangle formed on daily time frame which if broken could send this pair up significantly.

Price is presently at the top of the afformentioned triangle and with the harmonic pattern formed at a falling trendline in H4, we could have a dip to 101.5 before the bullish trend resumes

If i see a bearish engulfing bar on H4, i will sell this pair and expect to ride to 101.60 before thinking where this market would go.