The price has started to bounce up nicely from our major support level at 108.04 (Fibonacci extension, horizontal swing low support, channel support). We expect a strong bounce from this level to push the price up to at least 109.38 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 3.4% where we expect a corresponding bounce from. Buy above 108.04. Stop loss is at 107.81. Take profit is at 109.38.
Trading plan for the US session on EUR/USD
EUR/USD To open long positions for EURUSD, you need: In the morning, we achieved our targets for buying. The rates were left unchanged and the euro sank. Most likely, trade will continue in the area of 1.1974 ahead of the speech of the ECB President. In case of a breakout above 1.2015, you can count on a sustained growth of the EUR/USD pair in the area of 1.2054 and on the way out to 1.2123. In the event of a sharp decline in the euro, I recommend a return to buying only from large support levels around 1.1827 and 1.1742. To open short positions for EURUSD, you need: Selling the euro in the second half of the day would be done best after a drop towards the support level of 1.1930 for the purpose of consolidating below 1.1879. This will lead to the break of a number of stop orders and a larger decline of the European currency that is already in the range of monthly support levels 1.1827 and 1.1790, where I recommend locking in profits for today. In case of a sharp increase in the euro, it is best to refuse selling for today.
NZD/USD prepare to sell on major resistance
We prepare to sell on major resistance at 0.7295 (Fibonacci extension, horizontal swing high resistance, Fibonacci retracement) for a strong push down from that level to at least 0.7203 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing strong resistance at 95% and we expect a reaction from that level to push price down similarly. Sell below 0.7295. Stop loss is at 0.7340. Take profit is at 0.7203.
AUD/JPY bouncing nicely above support, remain bullish
The price is bouncing nicely above major support at 86.92 (Fibonacci retracement, horizontal overlap support) and we expect a strong bounce above this level to push the price up to at least 87.61 resistance (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension). RSI (34) is seeing strong ascending support holding our bullish momentum. Buy above 86.92. Stop loss is at 86.52. Take profit is at 87.61.
USD/JPY bouncing nicely above support, remain bullish for a push up
The price has started to bounce up nicely from our major support level at 108.04 (Fibonacci extension, horizontal swing low support, channel support). We expect a strong bounce from this level to push the price up to at least 109.38 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 3.4% where we expect a corresponding bounce from. Buy above 108.04. Stop loss is at 107.81. Take profit is at 109.38.
USD/CHF key support broken, time to start selling
The price has broken a major support level triggering a bearish drop. We prepare to sell below 0.9535 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down all the way to 0.9431 support (Fibonacci extension, horizontal swing low support). RSI (34) has broken a key support-turned-resistance level at 42% triggering a drop from here. Sell below 0.9535. Stop loss is at 0.9586. Take profit is at 0.9431.
AUD/USD sell below major resistance
The price is approaching major resistance at 0.8059 (Multiple Fibonacci extensions, horizontal swing high resistance, Fibonacci retracement) and we expect a major reaction off that level to push price all the way down to 0.7984 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance below 94% where we expect a strong reaction from. Sell below 0.8059. Stop loss is at 0.8083. Take profit is at 0.7984.
The price has started to bounce up nicely from our major support level at 108.04 (Fibonacci extension, horizontal swing low support, channel support). We expect a strong bounce from this level to push the price up to at least 109.38 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (34,3,1) is seeing strong support above 3.4% where we expect a corresponding bounce from. Buy above 108.04. Stop loss is at 107.81. Take profit is at 109.38.
USD/CHF key support broken, time to start selling
The price has broken a major support level triggering a bearish drop. We prepare to sell below 0.9535 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down all the way to 0.9431 support (Fibonacci extension, horizontal swing low support). RSI (34) has broken a key support-turned-resistance level at 42% triggering a drop from here. Sell below 0.9535. Stop loss is at 0.9586. Take profit is at 0.9431.
AUD/USD sell below major resistance
The price is approaching major resistance at 0.8059 (Multiple Fibonacci extensions, horizontal swing high resistance, Fibonacci retracement) and we expect a major reaction off that level to push price all the way down to 0.7984 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,3,1) is seeing major resistance below 94% where we expect a strong reaction from. Sell below 0.8059. Stop loss is at 0.8083. Take profit is at 0.7984.
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