Likerty's Blog
EURo pointing 200 pips lower
EUro loosing ground.. It had it's chance for bull continuation at/around 1.3410 but it indicated 1.3190's as its next destination point. More about my technical analysis methodology: HERE
Riding the Price Action: THE SEQUENCE
CHeck out my latest article about my very own technical analysis method to predetermine future swings.
Link to the article: HERE
Link to the article: HERE
EUR/USD continuing up-trend
Despite all the drama in 1.2660-1.3710 range - technicaly it is just a giant consolidation inside monthly bull trend. At some point - retracement to 1.3240's is highly possible, but there is nothing to see in the lower part of the range until then. For 1st of November, 1.3900's could be duable, but strong bearish correction may start at this level too, so profit taking is for longs is advised.
AUD/USD bull bounce continuation
AUD/USD continuing its bullish correction and it has quite a long way to go. Ideally - middle at 1.0370's of multi-month consolidation should be tested but on the way up - there are several resting places. Judging by the angle of the movement, for 1 st November pair should reach roundabouts of 0.9900.
GBP/USD retracement is comming
GBP/USD surely is bullsh and probably will take out 1.6380's highs. But before this breakout or right after - retracement will come. There are two possible targets for this upcomming retracement: 1.5600 and 1.5280's . It may not make in time for 1st of November, so I'm choosing the higher one as a primary target - 1.5600.
NZD/USD bullish breakout
NZD/USD just made its bullish breakout above last lower high in the previous daily downswing at 0.8135, thus confirming its attempt to bounce further till next most notable level – the middle of the broken daily range at 0.8420’s. On weekly time frame it still maintains perfect bull trend with all the higher highs and higher lows holding despite recent bearish developments.
USD/JPY continues monthly swing correction
USD/JPY continues correction of the monthly swing. A lower low that was made in June 2013 below 95.80 act as a confirmation of ongoing correction. One of the most probable bear targets is the middle of monthly bull swing at 89.60’s.
EUR/USD continuing its bull trend
Dollar weakness across all majors starting to get firmer for another weekly/monthly swing. EUR/USD pointing to 1.3750’s as its bull target with possible overshoot for 1.3900. Judging by an angle of current weekly swing movement, highs above 1.3710 by the end of September or In the beginning of October. 1.3330/80 is one major quarterly supply area. Once breached – not much of a resistance above up until 1.4000 So far all the correction movements bounce perfectly from retracement points of the fut…
EUR/USD continuing its bounce
After B. Bernanke’s remarks on possible QE tapering, looks like major retracement of North American equity markets is around the corner. General risk-of sentiment will drive down everything against the dollar. AUD, NZD, GBP already broke daily resistances and now well underway to test monthly and weekly – the very last ones before the major shift in to the bear side of moon. Despite dollar strengthening across the board. EUR/USD did not managed to break last weekly lower low and stays within the…