EUR/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.43597, 1.44263, 1.44859 Key Support Levels: 1.41673, 1.41355, 1.41002 4-Hour Chart: We saw a breach of the long term diagonal resistance line and fell back under it. I believe that was an initial test of the breakout and we may now begin to accumulate for another attempt. EUR/CAD Medium-Term Trend: Bullish 1-Hour Chart: …
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USD/CHF| Possible Bearish Retracement
USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.92585, 0.92649, 0.92712 Key Support Levels: 0.92084, 0.91911, 0.91709 4-Hour Chart: We have seen a massive bullish cycle play out and are now trading slightly above a long term diagonal resistance line. I think long term we are likely to see stronger dollar as a result of this breakout, however, there needs to …
Read More »AUD/CHF| Possible Bearish Pull-back
AUD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.65718, 0.65750, 0.65802 Key Support Levels: 0.65407, 0.65090, 0.64930 3-Hour Chart: We have seen an 11 day bear market followed by a bullish correction. The correction took us into a resistance area that may kick off another bearish move if we fail to breach it. We got one fail already and are currently …
Read More »AUD/JPY | Possible Bullish Pull-back
AUD/JPY Long-Term Trend: Bearish Key Resistance Levels: 82.150, 82.422, 82.714 Key Support Levels: 81.809, 81.679, 81.320 4-Hour Chart: The long term trend is bearish, but we seem to be playing a zig-zag pattern. If this is maintained, we need to see a push back to the resistance line of the pattern and then possibly come back down again. AUD/JPY Medium-Term Trend: Bullish …
Read More »ATOM/USDT (FUTURES) | Bull Cycle Continuation
ATOM/USD Long-Term Trend: Bullish Key Resistance Levels: 41.354, 43.050, 43.631 Key Support Levels: 38.224, 37.151, 36.048 4-Hour Chart: From an Elliot wave perspective we have what may be an (ABCDE) setup, and the (E)-wave may be our current cycle. We have also established somewhat of a bullish channel and are coming off of the lows of that channel. Long term, I …
Read More »USD/CHF | Possible Bullish Continuation
USD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.92076, 0.92225, 0.92317 Key Support Levels: 0.91335, 0.91243, 0.91161 4-Hour Chart: We have seen a bullish impulse wave and are now seeing a correction. If Elliot wave holds, we should get one support in the 50-61.8% area before seeing possible bull side continuation. USD/CHF Medium-Term Trend:Bullish 1-Hour Chart: We got a well-developed 12345-wave cycle (a) …
Read More »AUD/JPY | Possible Bullish Continuation
AUD/JPY Long-Term Trend: Bullish Key Resistance Levels: 83.244, 83.499, 83.716 Key Support Levels: 82.568, 82.474, 82.152 4-Hour Chart: There may be more upside on this one as we have seen a double bottom and may now be making a play upwards. The diagonal resistance line above may be the next place we see bears come in if we can climb from …
Read More »AUD/CHF| Possible Bearish Continuation
AUD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.65900, 0.65954, 0.66020 Key Support Levels: 0.65621, 0.65401, 0.65277 4-Hour Chart: We made an attempt at consolidating on the diagonal support line, but that failed and we now seem to be making another breakout to the downside. AUD/CHF Medium-Term Trend: Bearish 1-Hour Chart: Elliot wave signals a (12345)-wave count may be under …
Read More »BTC/USD| Possible Bullish Continuation
BTC/USD Long-Term Trend: Bullish Key Resistance Levels: 43981.38, 44315.63, 44836.32 Key Support Levels: 43427.31, 43329.80, 42965.80 2-Hour Chart: We seem to be playing an abcde-wave count and are currently in the middle of the final e-wave. If this proves accurate, we need to see this wave complete in the $44,700-45,500 area. In addition, we seem to be trading inside of …
Read More »EUR/USD| Possible Bearish Pullback
EUR/USD Long-Term Trend: Bearish Key Resistance Levels: 1.14444, 1.14526, 1.14601 Key Support Levels: 1.13898, 1.13545, 1.13502 4-Hour Chart: We have seen a beautiful breakout out of the wedge pattern, but it seems as though we may need to pull back briefly before we can continue upwards. Our current resistance area is very small in range, so this may be a …
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