GBPUSD, May 29th 2014

This pair has made a big drop and obviously violated the Key Support (which now become a Short-Term Resistance) around 1.67648. The price is now heading to the next Key Support around 1.6630. This area is a confluent area were we should be aware and pay more attention. This area is a confluent area of Key Support, Fibonacci Retracement 38.2 and Fibonacci Expansion 100.0, also if you take a look at weekly pivot points (which I don't show it on the chart below), it is the place where Weekly S3 placed. So this area is likely a place where the price has high-probability to change it direction.But if the price can break it, it will tend to make another big drop downward. Watch carefully for the price action signal on D1 or H4 timeframe to anticipate the beginning of an upward move on this confluence level/area.

USDJPY, May 22nd 2014

This pair has made a break on it's support but then reverse and closed above the Key Support level, also we can see another Pin Bar developed yesterday that confirms us that the Key Support is remain strong to hold the price for further drop. We are expecting an uptrend move in the coming days if the price remains buoyant above this Key Support level.

AUDUSD, May 22nd 2014

Just like what I posted before on AUDUSD, May 21st 2014 post, price has made a rejection on the Support Area and developed a Pin Bar here. It is a signal for us that the price reject this area and ready to take an upward move in the coming days.

GBPUSD, May 22nd 2014

Just like what I predicted on GBPUSD, May 16th 2014 post. The price has move higher since the pin bar above the support area and the trendline. Pin Bar is a great tool and offer a high profitability signal if we can use it in a proper way.

Gold, May 21st 2014

The gold price has trapped in consolidation phase. As we can see on the chart below, the price is trapped on a tight range and also we can see a triangle pattern which confirm the consolidation phase. It would be wise to stay on the sideline for the time and wait for a break from this consolidation phase or the triangle pattern.

AUDUSD, May 21st 2014

This pair is on pressure and lost at least 130 pips in 2 days, we can see on the chart below that the price is now entering the Support Area. This is an important area for this pair and we are looking for a rejection signal such as a pin bar or false break that would tell us that the price is ready to hike once more time which inline with our bullish bias. But if the price can break this Support Area, we could expect to see further drop heading to the next Key Support around 0.9127.

USDJPY, May 20th 2014

Not much different from GBPJPY analysis, we can also see on this pair how an inside bar has formed before it followed by a false break + pin bar combo right at the Key Support. If the price can maintain the level above this Key Support, we could expect for a large up movement to the Minor Resistance.

EURJPY, May 20th 2014

Price has made a large downtrend on this pair. And now we have a key support that hold the price for the further drop. Also, we see a pin bar formed right at this key support which could tell us that the price has the probability to move higher in the coming days.

GBPJPY, May 20th 2014

This pair has made a downtrend and consolidate above the Key Support, we can see an inside bar pattern on the chart below which mean price consolidates here and then followed by a false break + pin bar combo which tell us that this pair has an opportunity to make a U-turn heading north to the Key Resistance if the price can maintain the level above the Key Support.

EURUSD, May 16th 2014

We can see from the chart below that the price has made an Inside Bar before it made a downward False-Break of the Inside bar and the Key Support which lay on 1.3700 level. This combo is a good signal that would lead the price to hike in the coming days.

GBPUSD, May 16th 2014

As what I wrote on GBPUSD, May 15th 2014, we can see a rejection just above the support area which confluence with the trendline. We could expect for a bullish movement after  this rejection if the price still able to float above this area.

USDCAD, May 16th 2014

This pair has shown us another rejection on it's key support level at 1.08775. We can see on chart below a small pin bar has developed just above the key support level. If price can maintain it's position above this level, we could expect the price to move up in the coming days.

EURJPY, May 15th 2014

Price has made a downtrend move after a false-break from the inside bar at Near-Term Key Resistance level. Price floats now just above the Key Support at 139.200 which will be the next key level to watch. If we see a rejection on this level, we could expect to see the price move higher to the Near-Term Key Resistance. But if the price once again break it's key support, we could expect for another big drop.

Gold, May 15th 2014

Gold has made a nice uptrend from the support and reached the Short-Term Resistance at 1309.80. It was predicted before on Gold, May 10th 2014 and Gold, May 13th 2014 posts. If the bullish momentum is still intact, we could see another uptrend move to break this Short-Term Resistance and heading to the Key Resistance at 1327.63.

GBPUSD, May 15th 2014

On this post I want to revise my key level to watch on this pair. I've found a good potential level for this pair that have probability to change the direction of the trend. I believe that the support area which lay on 1.6723 - 1.6663 will have probability to reject the price from it's minor downtrend. I also draw a trendline stretched from the low of November 12th, 2013 to the low of February 5th, 2014 which also validating our perspective on GBPUSD uptrend bias. We will wait and see carefully how price will react on this key level. If the price can maintain it's position above this key level and trendline, we could expect for another uptrend heading to the old key resistance at 1.7000.

GBPUSD, May 14th 2014

The price has declined to the key support here, and it is a key level to watch for a price action signal. If the price can't break the key support at 1.6819 here and shows a rejection, we could expect to see the price to hike again heading to the key resistance at 1.7000. But if the price violated and made a huge break on this key support, we could expect for another big decline to the next support at 1.6663 area.

EURUSD, May 14th 2014

This pair has made a big drop since last week, at least this pair has made a more than 200 pips decline and now the price is bottomed above its key support at 1.3700. This is a key level to watch since there was a lot of reversal or big move starts from this area. If price can't break this key support, we could expect the price to move higher to the key resistance at 1.3792 area, but if the price can't maintain its position above the support and made an obviously massive bearish candle which break the key support, we could expect another big drop to the next key support at 1.3592 area.

Gold, May 13th 2014

Just like what I predicted on Gold, May 10th 2014 post, price has made a false-break on the downside of the inside bar which is a good opportunity to enter long position. We could expect price to move higher, once more time, at least to the Short-Term Resistance at 1309.80.

USDJPY, May 13th 2014

As what I posted on USDJPY, May 8th 2014 and USDJPY, May 10th 2014, I predicted an upside breakout after a Pin Bar + Coiling Inside Bar combo which developed just above the support. Yesterday the price has made a breakout on the upside which could tell us to expect the price to move higher heading to Key Resistance at 102.60 area.

USDCAD, May 10th 2014

I found something interesting on this pair. We could see the price dropped and violated the key support on May 8th but then reversed back on the next day. I will consider this as a False-break which tell us that price has been rejected and it could be a signal that the price wants to hike on the coming days if the price can maintain the level above the key support.

USDJPY, May 10th 2014

As what I posted on USDJPY, May 8th 2014, a pin bar has created above the support. We didn't see price move higher yet, but the price wants to consolidate a bit here while waiting for a good sentiment to jump higher. We could see a combo of a pin bar followed by coiling inside bar which represent a consolidation phase. If the price keep floating above this key support, we could expect a massive breakout up to the next key resistance.

Gold, May 10th 2014

Gold has dropped back down to retest the support area around 1283.62 and formed an inside bar which tell us that the price want to consolidate here. If price remain buoyant above the support, we could see price to move higher once more time. We can wait for a break on the upside of the inside bar or a false-break on the downside of it to enter long position.

EURJPY, May 10th 2014

The buyers has left the building on this pair, the price has broke the key support which now become a near-term key resistance [140.385]. If price can maintain to stay below this level, we can expect to see the price move lower to reach the next key support at 139.188 on the next week.

EURUSD, May 10th 2014

After Mario Draghi's dovish statement, this pair has made a large false break and also a bearish engulfing pattern at key resistance [1.39338] and on the next day the price easily violated the key support which now become the near-term key resistance at 1.37924. If price holds below this near-term resistance, we could see another large drop to the next key support at 1.37. Look for sell signal at near-term key resistance to join recent bearish momentum.

USDJPY, May 8th 2014

Good opportunity to buy from support on USDJPY pair. We see a pin bar nicely created just above the key support level, price has probability to move up to the key resistance level and continue it's range bound.

AUDUSD, May 7th 2014

AUDUSD surged higher yesterday from a pin bar buy signal from support just like what I discussed on AUDUSD, May 5th 2014 post. If price remain buoyant above the support and the bullish momentum is still intact, we could see the price fly high to retest it's key resistance around 0.9420 in the coming days.

FTSE, May 6th 2014

After a long bullish rally, FTSE 100 Index Futures finally reach it's resistance and made a good looking pin bar below the resistance area, this can be early signal of a reversal for a drop down to possible support around 6617.

AUDUSD, May 5th 2014

Buy opportunity from pin bar, we saw strong rejection last week, AUDUSD has probability to hike this week.