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EURCAD Last Window,
[2019-06-18   05:37 GMT]

The consolidation of EURCAD since February is about to end. The squeeze is about to explode heavily and no one should be in the wrong direction.

After the plummet since day 01 of the year, the cross has retraced fully to the 38% fib line and faltered slightly below the 50%.

The geometrical structure points to a fabulous rectangle bordered by 1.5170 and 1.4930 that should yield an equivalent of 240 pips as target. A close above 1.5170 or below 1.4930 is needed before any trade is manufactured.

The bearish post is most probable as the formation of a rectangle after a significant plummet is translated onto a pause before another descent. The squeeze trendlines are coming to an end, pointing to a blow out. The head and shoulder pattern from 21 May gives more power to the bear basket. Once a close below the neckline of the H&S is triggered, below 1.4980, you may start preparing the bearish move. However, as said, only a close below the rectangle base would perform a significant yield of 240 pips.

On the other side, the bull phenomenon is constructed via only a close above the resistance of the rectangle: 1.5170.

The exit of the trade should be labeled solely on a close at the other side of the border of the rectangle.

USDJPY Consolidation Ahead of G20
[2019-06-18   05:04 GMT]

USDJPY has published a bearish flag pole that should target 107.70 once a close below 108.20 is locked. The false break at the downsloping trendline hints for going further south as long as no close above 108.80 is printed.

EURCAD run out of steam,
[2019-06-06   03:01 GMT]

At the beginning of the week, all implied geometrical structures confirmed a rally. Yesterday, it was the final attempt after the market charted “this candle” (see picture) at the 4hr chart.

Out of this chart, a rectangle is formed surrounded by triangle borders: 1.5130 vs. 1.4950. the several attempts to break the resistance have failed and now the euro is under heavy pressure.

Reverse the bull note of the week that was posted hours ago and target instead 1.4950 once a close below 1.5050 is triggered.

Further, the 1hr chart of this week has transformed the bullish structure into Head & Shoulder, neck-lined at 1.5050. Another reason why the bears are going to win the end of this cycle.

A close above 1.5140 negates the entry to the bear farm.

Symbol of Hyperinflation,
[2019-06-05   04:58 GMT]

In 2016, Venezuela received $750M cash loan from German Deutsche Bank and put up 20 tons of Gold as Collateral. The agreement, which was set to expire in 2021, was settled early due to missed interest payments as Venezuela has now effectively run out of foreign reserves, prompting the bank to seize the precious metal which was used as collateral and close out the contract.

EURCAD double structure
[2019-06-03   13:45 GMT]

EURCAD PRPEPARES FOR ANOTHER ATTACK AT 1.5130 & 1.52 AT THE START OF THIS MONTH. WORTH TO NOTE THAT 1.5130 HAS BEEN TESTED SEVEN TIMES ON THE DAILY FRAME SINCE APRIL WITHOUT MAJOR REPRISALS.

THE STRUCTURE ON THE SHORT FRAME IDENTIFIES A BULLISH FLAG THAT HAS SET A TARGET BEYOND 1.5200 WHILE THE LATEST CONSOLIDATION CONFIGURES A LAST MINUTE SQUEEZE WITHIN THE PENNANT CONFIRMING THE ATTACK IS COMING WITHIN THE NEXT HOURS.

GRAB THE TRADE TOWARDS THE SKY AND EXIT IF A CLOSE BELOW 1.500 IS TRIGGERED.

Furious Gold Buyers,
[2019-05-23   08:04 GMT]

The Middle East was boiling as the United States ramped up its fleet to counter Iran. Suddenly, everybody backed off: Iran, Trump, EU, & Israel announced that they do not want war and all parties need to de-escalate.

Trading the de-escalation note, Gold tumble back below the base of the descending triangle. Last week, gold shot up & broke the downsloping TL as Iran tensions had tremendously escalated.

Shall we secure a weekly close below the base and gold should fall like a stone targeting 1200. Only re-escalation of tensions & close above 1304 will let us abandon the bearish scenario.

USDCAD Consolidation,
[2019-05-17   08:19 GMT]

The correlation between USDCAD & Oil (crude oil WTI) since US-Iran prompted escalatory environment is depicted within a consolidation for almost a fortnight. This fraught situation will last at least till Trump and Putin attend the G20 meeting in Osaka on June 28-29. In terms of Bid-ask, keep the bid floating for a better revenue.

In parallel, as we wrap up an uptrend in oil along with the positive USDCAD correlation, the latest consolidation outside the yearly triangle should comfort a test towards 1.3670 once a 2-day close above 1.3520 is triggered. This scenario holds as long as the price doesn’t sudden drop towards the base of the triangle, an unlikely scenario during muscle manifest that will end in exploding some nuclear in the Middle East. A close below the base negates the pip’s revenue.

Sterling Taking Revenge,
[2019-05-14   09:23 GMT]

There is a beautiful chart that is sounding the alarm towards squeezing latest buyers near 1.3150. the pressure continues to manifest in different forms. The first structure shows a squeezing triangle that still has a room to maneuver a “sell rally” towards 1.3100 or lower a bit. The second structure is visualized as descending triangle with the base shown in red at 12960 and 12980. Today, the price is working aggressively and under full pressure: below the base and on the upsloping trend line. The final appearance tend to cover the wave AAA to equal wave BBB targeting 1.2600 as long as no close above 1.3200 is triggered.

EURCAD TRIANGLE
[2019-05-07   04:27 GMT]

EURCAD DESCENDING TRIANGLE IS INTERESTING FOR TRIGGERING 1.4960.
THE PRICE HAS TESTED 1.5100 ALMOST 10 TIMES ON 4HR CHART HINTING FOR CHARTING A LOWER LOW,
IN A WAVE THAT IS CORRELATED TO RECTANGLE BRODERING 1.5100 AND 1.5000, PLUS THE LOWER HIGHS THAT
HINT FOR A LOWER LOWS.

a CLOSE ABOVE 1.5100 NEGATE THE SOUTH VISION

GBPNZD In Between
[2019-04-11   07:04 GMT]

GBPNZD has been consolidating lately, forming an amazing pattern.

Pattern I: Bullish Flag (in blue)

Pattern II: Rectangle (in red)

Both formations need a close to determine the next technical wave. Yesterday, the market closed above the downsloping blue trendline suggesting a rally is ahead targeting 1.9520+. Close below 1.9240 negates. As for the red pattern, a close is yet to be determined.

Sterling Crashing the Ups & the Downs,
[2019-04-05   07:29 GMT]

The Ideal of Conflicting Brexit Reports have transformed sterling charts into a geometrical shape namely rectangle. In order to emphasize the next step, some algebra formulas should be taken to assess the length of the consolidation and to target the other side of the rectangle or treat today’s close outside rectangle border as a continuation pattern.

Keep Brexiting as Consolidation needs no algos neither its immature reflections where banks, finally admitted, that they are exiting sterling trades a cause d’algos misinformation and maltreatment of Brexit & its House of Commons stream of commentary.

Eying stops below 1.2800

Quarter 01, 2019
[2019-04-01   09:27 GMT]

As of Indecision about Brexit, quarter first of the year has been one of the most intricate & obscure seasons. Until the road map of the Brexit is clarified, the tensed consolidation in the market will persist forming an out of sight squeeze for the market to eccentrically smother.

Usually, in the chart pattern, when a candle is graphed as Indecision, the market completes an important wave afterwards. Fundamentally, we are falling in the same pattern: as Brexit Indecision has been formulated, you should be ready for the next rout in the market.

As nothing has happened yet to the EURUSD graph, printed below, where no close below 1.1100 or above 1.1700 is triggered, then all those reports that are launched are nothing more than a nuisance. Complete relaxation till the chart triggers either.

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