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GBPUSD 1H chart daily review 01.01.2018

Reloaded Posted 1 Jan.  in #Trader's blog #Buy #Bullish #Gbpusd #Long #Median Line #Andrew's Pitchfork
GBPUSD has breached the median line of the ascending Andrews pitchfork. Considering the trend is still up and we did not encounter any significant support break, the uptrend should resume. In this scenario, a stop loss should be placed just below the most recent significant support area - the low of the large spread bar represented by the green rectangle and the take profit level should be placed around the upper pitchfork line - the red rectangle area.
If the market starts to consolidate and br…
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USDJPY daily review 21.12.2017

Reloaded Posted 21 Dec.  in #Trader's blog #Bullish #Median Line #Up #Upside #Upmove #Andrew's Pitchfork
USDJPY pair is starting to show signs of weakness as it approaches the previous highs and the median line. For the time being the price action didn't yet exit outside the pitchfork channel lines so the up trend is still in place. A correction towards the lower channel line is expected at this point. The most likely scenario seems to be a temporary breach of the previous high and the previous high, fallowed by a more significant correction on the down side.
Hope my view helps
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CADCHF - Median Line Analysis with Support and Resistance

justatrader Posted 15 May as Analysis on CAD/CHF, Target: 0.7230, Date: 1st of July, 12:00 GMT  in #Technical analysis #CAD/CHF #Median Line #Channel
Chart Scale: Weekly
Indicators: Median Lines, Chart Patterns
Support: 0.72281
Resistance: 0.7713
Market Context
CADCHF closed on Friday, 13th May 2016 at 0.75329
CADCHF has clearly established support at 0.72281 levels, which has been repeatedly been tested. This support level is important especially as we can see that in the aftermath of January's SNB de-pegging CHF to EUR this support level held up quite strongly and everytime prices fell below this level there has been strong buying power eme…
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AUD/USD forecast for 1st April

fx211pips Posted 29 Feb. as Analysis on AUD/USD, Target: 0.7029, Date: 1st of April, 12:00 GMT  in #Technical analysis #AUD/USD #Median Line #Channel Lines
Below are weekly and daily charts of AUD/USD. For last couple of weeks I see aussie trading in a channel in blue. I'm forecasting the price to coil around the median line of this channel and end up at this median line on target date.
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EUR/USD forecast for 1st April

fx211pips Posted 29 Feb. as Analysis on EUR/USD, Target: 1.1244, Date: 1st of April, 12:00 GMT  in #Technical analysis #EUR/USD #Median Line #Pitchfork
Below are the weekly and daily charts of EUR/USD. I'm expecting the price to bounce off the lower boundary of the pitchfork and go for the parallel median line of the lower channel of the pitchfork.
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fx211pips 31 Mar.

looks like euro is in a range trade for a year now, and for the near future it could be coiling around the dotted parallel line i drew, later on it could move towards the median line of the pitchfork on weekly and coil around it too for some time before going for a retest of the 1.05 level

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fx211pips 31 Mar.

i see euro ranging between 1.15 and 1.05 till year end with most of the action at the 1.10 level

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fx211pips 31 Mar.

Yellen went dovish yesterday, so there is no option for Draghi but to go crazy dovish now

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fx211pips 31 Mar.

a strong euro is killing the european economy recovery

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fx211pips 31 Mar.

imho it looks like the world has entered currency wars:)

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USDNOK

Gannforex Posted 25 Jan. as Analysis on USD/NOK, Target: 8.98, Date: 1st of March, 12:00 GMT  in #Technical analysis #Median Line #Ichimoku #Usdnok #USD/NOK #Order Flow
Hourly chart for January 2016 [ current : 8.7420 ]
Combining some Order Flow with Technical Analysis to obtain optimal trading levels and FX flows on USDvsNOK
Demand is seen for USD/NOK around 8.66 ; 8.63 followed by bids at 8.60 (This will be our risk tolerance if long)
Current price at the median is 8.875 [Target 1]
Target 2 is Supply zone up at 8.98 ; The pair will be considered slightly overbought above 9.0 in the short term.
Ichimoku levels suggest more momentum is needed for continuation of up-trend with price currentl[/Target]…
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Gannforex 26 Jan.

Q: Is the MACD useful here? Y or N ?

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