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Consolidation with bearish tilt

Currency Pair:Cad/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 95.05
Trend: downtrend
Possible trading range:92-98
Signals:A dead cross has just appeared on the daily chart and a double bottom has also been ignored by the bears. On the weekly chart it seems that a massive head and shoulders pattern is heading to its completion.
Forecast:I expect further consolidation in this pair in the month ahead, but i don't rule out also more declines if oil prices continue…
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marius24 avatar
marius24 10 Ago

update: the price is now in slow motion as long as the neutral territory between 94.63 and 96.60 won't be left behind. The outlook is very likely to remain in a consolidation phase

marius24 avatar
marius24 19 Ago

update:The neutral territory is set to stay much longer than i thought as the price volatility has decreased in the last 10 days. From this point i expect further consolidation moves in the same corridor between 96.60 and 94. Current price- 95.18

marius24 avatar
marius24 26 Ago

update Current price  (90)quite far away from my target

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THe bulls have lost the control

Currency Pair:Aud/Chf
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.8465
Trend: consolidation
Possible trading range:0.81-0.86
Signals: a dead cross it's very likely to emerge on the daily chart very soon and this fact will bring more selling pressure on this pair
Forecast: any rises have in their sight a strong downtrend line at around 0.8570 and therefore i expect to see lower levels in the following month.
My target: 0.8312
Daily chart (below)
Weekly chart (below)
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marius24 avatar

update: We have just seen a drop of 236 pips in only few days from 0.8482 to 0.8246, but from now on i expect to see a consolidation with a slight bearish tilt. ANyway this pair has stopped its rally at around 0.8740 and now it is heading towards 0.81 price zone.

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marius24 19 Nov

update: this pair has followed the up and down mode between 0.8470 and 0.8245 in the last 13 days and this consolidation may be broken if the price manage to breakdown 0.8246 which is a neckline belonging to a double top situated on the daily chart. Othewise i expect the same no direction move in this pair in the following period

marius24 avatar
marius24 26 Nov

update: this pair has been characterised by high volatility which moved the price up and down between 0.8445 and 0.8197 very quickly. Now the price is hovering around 0.82 and my target is with 112 pips higher. I expect to see further consolidation with slight bearish tilt in the short term period.

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A consolidation is more likely to be seen

Currency Pair:Aud/Cad
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.9963
Trend: downtrend
Possible trading range: 0.97- 1.01
Signals: the selling pressure is kept alive by a dead cross and a double top broken at around 0.9935 ( daily chart)
Forecast: any upside moves look quite limited due to the presence of a downtrend line at around 1.01
My target: 0.9963
Daily chart (below)
Weekly chart (below)
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marius24 avatar

update: in the last two days two opposite candlesticks: first on 9 Oct. the price managed somehow to jump 154 pips from 0.9832 to 0.9986, but the next day unexpectedly fell 234 pips hitting the bottom at 0.9752.  Right now the price is hovering a little bit higher than 0.9752 and further consolidation is still in the cards regarding this pair

marius24 avatar
marius24 19 Nov

update:as many other pairs Aud/Cad has been traded in the last 13 days in a tight range not wider than 171 pips between 0.9753 and 0.9926. As long the price stays below 0.9925 the bearish tone will wiegh negatively on this pair due to the presence of a massive double top pattern. In the following period i expect the same move.

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