USDJPY GANN Analysis is Bullish Prognosis

USD/JPY is in a major cycle after having southward rally preparing for northward drive. Bullish crab M shaped harmonic form. Price is still in PRZ-Prize Reversal Zone. Go long when bullish candle form beyond PRZ (112.713).

USD/JPY 1H Chart
USD/JPY 1H Chart
USD/JPY 1H Chart
USD/JPY 1H Chart

Planetary harmonic study reveals that the effect of Pluto Moon aspect has been started to reduce and price getting in consolidation for upward ride.

USD/JPY 1H Chart
USD/JPY 1H Chart

Skewed double bottom formation creates new higher low, a clear sign of USDJPY losing power over time.

USD/JPY 1H Chart
USD/JPY 1H Chart

Daily cycle study revealed that on Wednesday, USD/JPY remained under bearish cycle. On Thursday, this effect seems to reduced and market remained within the range. On Friday, it seems to struggle among buyers and sellers. Buyers try to take control but seller eventually become stronger. Now it seems that the sellers would lose control and buyers would get in power in the upcoming weeks.

USD/JPY 1H Chart
USD/JPY 1H Chart

Channel study reveals that USD/JPY is in a major bullish channel to end correction move and at critical running support, having high chances of bullish reversal.

USD/JPY 1H Chart
USD/JPY 1H Chart

Gann square of 144 study reveals that price has done a good bearish move. At 180 Degree Equilibrium level price it has a great effort and eventually break down towards 45 degree move. Now at 125 degree equilibrium, this level seems to be effective and trying to make price to get in to a bullish zone.  

USD/JPY 1H Chart
USD/JPY 1H Chart

Gann natural level study reveals that price has a very sharp swing rejection at 111.890 level forming a bullish swing. It remains in operation upto a critical level of GANN 270 degree and form a bearish swing till 180 Degree. We see a buy opportunity when price breaks above 112.950 45 Degree Gann level upward.

GANN Pivot.   112.950

Resistance: 113.482, 114.016, 114.550

USD/CAD GANN and Price Action Analysis

USD/CAD has stopped falling but the lack of a significant rebound in the US Dollar so far provides no real confidence that the market has found a base – even though the 50% Fib retracement support is a natural for a base level.

Current Scenario

USD/CAD 1H Chart
USD/CAD 1H Chart

on Thursday, cycle study reveals that market remain in bearish cycle and on Friday, price corrected its cycle against the bearish cycle. Corrective cycle is struggling at 23.8 Fib Level and seem to maintain Thursday bearish cycle momentum.

USD/CAD Daily Chart
USD/CAD Daily Chart

Channel study reveals that the channel is slightly bearish and in the long run is in a sort of big amplitude range cycling. Further, USD/CAD shows lower high and at the moment is struggling at inter channel running support with in the big channel.

USD/CAD 4H Chart
USD/CAD 4H Chart

Within the bullish channel the pair has a bearish retracement and struggling at decision making level to form a flag pattern, it will break the bullish Channel forming bearish channel on breakout of the flag.

USD/CAD 4H Chart
USD/CAD 4H Chart

GANN study of natural levels reveals that price is struggling at GANN natural level of 90 with high probability of downward breakdown to go to GANN level 90 as an acting natural resistance.

USD/CAD 1H Chart
USD/CAD 1H Chart

GANN 144 Square study revelaed that price is in in decision zone of equilibrium level of 180 Degree with probability to break out either in any direction. However, swing study and price action study revelaed that it has high probability to break downward.

USD/CAD 1H Chart
USD/CAD 1H Chart

Prognosis

Short-term price patterns suggest downside risks remain fairly high at this point, with the 1.3350 level capping minor gains through the overnight market. Trend momentum is slack on the short-term study, however, suggesting that the USD may continue to range trade near-term, but price still risks retesting yesterday’s low at 1.3275/80 at least. The Feb/Mar bull run up in the USD has clearly been checked but broader signals are not, yet, signals that a trend reversal is developing. We may remain broadly range bound over the next few weeks.

GANN LEVELS

Pivot: 1.33522

Support: 1.33789, 1.34150, 1.34452,

Resistance: 1.33207, 132847, 132382

GBP/JPY GANN & Price Action Analysis

GBP/JPY – During the last week both GBP and JPY remained under pressure, show high volatility and lost strength versus other currencies.

The pair, on a daily and weekly Time Frame, is warming up for a long bullish rally. This has confirmed by different analysis to provide strong biase of long trend on GBP/JPY Intraday Trading.

GBP/JPY Daily Chart
GBP/JPY Daily Chart

Channel study reveals bearish channel has been over and a new bullish channel established. Price in the bullish channel is preparing to have its impulse move after retracement within the main channel.

GBP/JPY Weekly Chart
GBP/JPY Weekly Chart

Weekly channel study also supports the daily channel, making strong biased,a  Start of a bullish impulsive movement within the channel.

GBP/JPY Daily Chart
GBP/JPY Daily Chart

Symmetrical triangles have formed a breakout upward. Triangle apex have bullish skewness show a sign of bullish trend in control.

GBP/JPY Weekly Chart
GBP/JPY Weekly Chart

On weekly chart, continuation pattern flag is emerged and about to break, providing strong prognosis for GBP/JPY to create a bullish move over the next few weeks.

GBP/JPY Weekly Chart
GBP/JPY Weekly Chart

It has already developed north ward Skewed double bottom. In other words, new higher low confirmed as a sign that buyers are taking control over the sellers and that sellers are gradually loosing control.

GBP/JPY Daily Chart
GBP/JPY Daily Chart

Harmonic study on small amplitude shows that bullish Graveyard Pattern (5-0) formed a clear sign of a bearish failure. Elliot wave 3 on smaller time frame confirms the start of a bullish ride – PRZ (Point Reversal Zone has been validated).

GBP/JPY Daily Chart
GBP/JPY Daily Chart

Harmonic study on larger amplitude show establishment of AB=CD pattern, PRZ validated. Price starts its journey toward north retesting phase and after that will have smooth northward long drive.

GBP/JPY Daily Chart
GBP/JPY Daily Chart

Volume spread Study clearly shows gradually smart money getting to be validate as accumulation breakout retesting phase which is a clear sign that buyers are going to be in control over the next few weeks.

GANN Study also confirms what price action shows:

GBP/JPY Daily Chart
GBP/JPY Daily Chart

Price remains in zone of GANN 45 degree bullish zone showing bullish power in equilibrium. From Last few days, price consolidated in range but still in a buy zone and does not not enter into sell zone – Making the pair main trend direction bullish.

GBP/JPY Daily Chart
GBP/JPY Daily Chart
GBP/JPY Daily Chart
GBP/JPY Daily Chart

Price as per GANN Square of 144 is in buy zone. From swing price we can see a  clear upward move till 45 Degree of time span. This signals a clear break out and than start correction move which is under GANN 45 Degree zone. Moreover, price is in GANN square of Nine is in Buy zone. It is expected to break up the 45 degree level  that will have smooth ride toward 180 Degree equilibrium point. Time needed to attain this would be one complete cycle of 90 Degrees.

GBP/JPY Daily Chart
GBP/JPY Daily Chart

GANN square of nine Study along GANN natural level study revealed that GBP/JPY established a validated swing to have a clear bullish movement till GANN 180 degree level. Than, the pair wil have 45 degree retracement which is hoped to be mature now. Than it is expected to continue an upward move in th next coming days.

GANN Natural Levels to monitor:

180, 225, 270, 315, 360, 405, 450, 495, 540 (2 x 270)

GBP/JPY Daily Chart
GBP/JPY Daily Chart

Elliot wave study reveals GBP/JPY on daily chart starts bullish impulsive wave. Currently, at stage of wave 2 maturity. Wave 2 was ranging so wave 4 hoped to be sharp and GBPJPY is looking for the next level of 195.683.

This analysis is suitable for intraday traders and GBP/JPY have strong prognosis to maintain bullish impulsive move in the next 6 to 8 weeks and ultimate target it by trying to find 195.683.

GBP/JPY GANN Analysis – Next Six Quarter Prognosis is Bullish

European currencies are still dealing with the aftermath of the UK’s Brexit referendum decision last June. The UK government is expected to invoke Article 50, which will formally launch exit proceedings, by the end of March. The UK economy held up remarkably well in H2 2016, prompting the Bank of England to adopt a neutral policy bias. We continue to feel that the pound (GBP) is vulnerable to growth disappointment and uncertainty surrounding the EU exit process, however, and forecast GBP is going to strengthen in next few months.

The Japanese yen (JPY) was the worst-performing G-10 currency in Q4, reflecting rising US interest rates and wider US-Japan rate differentials at the long-end of the curve as well as JPY under-performance in a generally pro-risk environment as US equity markets rose following the election.

We shall look at GBP/JPY in long term basis how it’s behave and how it’s expected to behave in the next 6 quarters. Analysis is presented angles providing Confluence and having true 3D projected move picture.

GBP/JPY Weekly Chart
GBP/JPY Weekly Chart

GBP/JPY on weekly chart establish bearish A Cypher PRZ validated and it works perfectly. Price on PRZ breakout took Southward train momentum remains very stable and high, GANN angle 45 adopted showing perfect bearish equilibrium. Now price seems to loose bearish influence. Effect of Bearish W harmonic vanishing and GBPJPY on weekly warming up to take Northward train.

GBP/JPY Weekly Chart

Price has upward swing at 124.782 and swing failure validated establishing reversal of price. Price zone 138.586 to 136.578 is indecision Zone Price after reversal break. A positive sign for GBPJPY Bullish Rally start.

GBP/JPY Weekly Chart

Price is forming Continuation pattern Flag. On break out it would take Upward Rally.

GBP/JPY Weekly Chart

GANN study of Square 9 Natural Levels shows that after reversing price rejected from 180 Degree Gann angle (148.186) have 90 Degree correction and right now struggling at GANN level 90 Degree (136.263). In next 1 week it seems to bounce upward from 90 Degree level.

GBP/JPY Weekly Chart

Channel studies revealed that the pair is under slightly skewed Bullish Channel and is at critical level to start upward rally.

GBP/JPY Weekly Chart

Also the bearish Channel has been break out and price is now retesting the breakout level, providing strong prognosis for start of the bullish rally.

GBP/JPY Weekly Chart

Price has formed skewed double bottom and retesting strong support zone. Also, it makes new lower high, a sign of losing buyer power and seller taking up.

GBP/JPY Weekly Chart

GANN SQUARE of 144 studies revealed that price from the last two month is in bullish zone and gradually taking power.

Based on all above study GBP/JPY have strong bullish biased for the next 6 Quarters till Jun 2018.

RESISTANCE

154.629   170.325 195.284

USD/CAD GANN ANALYSIS

Canadian Dollar remains flat and net longs continue to rise. USD/CAD is, just about, sustaining the break above trend resistance (Dec/Jan bull wedge consolidation) but the move up in the USD this week has not reflected a whole lot of conviction.

Early weakness in the USD today has reversed partially, leaving funds little changed on the day and little changed on the week. Intraday patterns are constructive, one is the basis of the long, lower shadow which formed around the 6- hour candle earlier in the day as the USD dipped back briefly to the 1.3060 area.

The consequence of the break above trend resistance at 1.3074 should be bullish for the USD but weak trend momentum indicators on the short, medium and long-term charts suggest more range trading between 1.30/1.32 may be in store for the USD for now. Intraday gains above 1.3120 would be positive for the USD and suggest near-term gains towards the upper end of the range.

USD/CAD Daily Chart
USD/CAD Daily Chart
USD/CAD Daily Chart
USD/CAD Daily Chart
USD/CAD Daily Chart
USD/CAD Daily Chart

Further GANN Square of 144 study reveled that price is oscillating around 180 Degree Equilibrium Point and price even on correction failed to break buy zone.

USD/CAD Daily Chart
USD/CAD Daily Chart

Same is confluence by GANN Square of 9 Natural Gann Levels. Price rejected from 270 a strong  reversal level had 90 degree rejection. Than 50% correction i.e. 135 Degrees. Now if break up 180 Degree 1.32297 .

Resistance (Gann Levels)

225 (1.34121)    270 (1.35959)  315 (1.37809)  360 (1.39671)

EUR/JPY GANN Analysis

This week’s swings in sentiment were limited to positive adjustments for JPY with a build in bullish positioning and narrowing in bearish positions. JPY sentiment has now improved for 7 consecutive weeks with an impressive turn from December, delivering a cumulative $3.7bn narrowing in the net short to $5.6bn. Gross shorts have nearly halved. Positions in EUR and GBP were little changed w/w. Bearish GBP sentiment has been broadly stable around $5bn for much of 2017. The EUR short has narrowed modestly, however it remains the largest at $6.2bn.

EUR/JPY Weekly Chart
EUR/JPY Weekly Chart

Weekly and daily chart show bearish trend and after north pole correction price is moving to its normal trend—Bearish.

EUR/JPY Daily Chart
EUR/JPY Daily Chart

Also Elliot study show that price action is going to start Elliot wave 5 with bearish impulsive move. Giving strong biased for currency to have bearish rally over coming next few days.

EUR/JPY Daily - Elliot Wave
EUR/JPY Daily – Elliot Wave

Price action study also revealed that triangle breakout validated forming upward correction trend which is already rejected showing price entering in bearish zone.

GANN square of 90 study revealed that price have correction up to 270 degree and rejected and price have now entered in bearish Zone making EUR/JPY prognosis as bearish.

Long term Gann Square of nine study shown price remain in strong bearish zone rejected GANN 810 (270 x 3) Degree natural level and had correction of 270 degree. 270 Degree rejection is very strong point of reversal in Gann levels. After that it start again its bearish impulsive direction. So far have 90 Degree bearish move and hope to carry on.

Medium scale Gann study reveal that price have 270 Degree correction and rejected to adopt its bearish impulsive Move.

Fine Level Gann Study revealed that after swing , which is validated through swing failure , price so far break out 135 Degree level. And hope to keep its momentum downward during Next few days.

Support  : Gann Degree (Level) 180, 225, 270, 315,360

USD/CAD Starting Super Bearish GANN Cycle

USD remains strong during last weeks. Further, it was understood that the US Dollar remains in strength during the last years as being the only white shirt among dirty shirt economies. This fallacy seems to diminish on super cycle. It seems bullish impulsive wave at it maturity and bearish ride going to start which prevail for next few months and can extend. Fed pro-business and pro-growth regime effects along tight control seem to loose effect. Its natural law that effects over time start fading.

Second historical studies shown that on super cycles, fundamental have less role and markets adopt their own rhythm and dynamics which must be honored to determine the super long term cycles.

Third R.N Elliot have mentioned the start of Corrective Wave A during 2000’s on grand Cycle which seem to be the time when start of it would be initiated.

This study is focus on USD/CAD monthly chart analysis from different prospective to get 3 D visualization of Currency behavior in the next few month and the increasing probability of analysis by having confluence by different studies.

USD/CAD Monthly Chart
USD/CAD Monthly Chart

Price action study shows that the price have established Swing failure confirming  a strong prognosis of price to be bearish for upcoming months. Price down move momentum was very fast and that it starts creating now a bearish flag pattern form which is a strong evident of upcoming bearish moves in the next few months on break down.

If we look at the past performance of USD/CAD, it had an impulsive bearish channel which breakout and have upward correction. This is seem to mature now with price is going to adopt its bearish impulsive direction.

Fibonacci study reveals that price is struggling at 38.2 and forming a bearish flag creating a continuation pattern on breakdown. A break down below Fib 38.2 level will probably continue moving toward Fib level 50.

As its not corrective wave, it will ultimately break out Fib 50 Level and shall try to find ultimate support on any further level.

Price movement among channels revealed that price is in bearish channel and at key reversal level to adopt bearish ride for the upcoming months.

Cycle study revealed that USD/CAD price is in cyclic movement among strong support and resistance LEVELS and again this time price was rejected from strong resistance level, making strong biased for USD/CAD to be under bearish influence. Second cycle now get in extended range showing increased volatility in coming days.

Harmonic study reveals that Bearish Gaterly formed PRZ pattern, making a strong biased for USD/CAD to have a master bearish direction for next few month on monthly charts. At the same time 45% quality Bearish head and shoulder pattern is emerging.

And same is being validated by GANN

Price adopted the bearish GANN Channel and rejected from 180 GANN Level. Shall have correction upto 45 GANN level and failed to maintain 45 GANN level and reverse.

Support:

GANN ANGEL (Degree)                  Price

90                                                           1.24172

135                                                         1.07178

180                                                         0.91434

AUD/JPY GANN Long Term Analysis

Let’s have a quick Look on the past performance of AUDJPY during Last the few months. Different studies would help us to attain confluence increasing probability of bearish prognosis AUDJPY for the upcoming 2 to 3 months on a weekly chart.

AUD/JPY Weekly Chart
AUD/JPY Weekly Chart

Bearish shark (Bearish W shape Harmonic) formed along skewed double Top pattern. PRZ validated a bearish ride triggered and executed in well manner. The price get into corrective wave and it seems to be an exhaust candle as it at running BAMM support level of Last W harmonic pattern formed. (Bearish A Shark). At the same time the price is in converging state at bigger scale indicating sign of Seller empowering over buyer in long run. Secondly harmonic BAMM level is acting as running support and price after down rally have correction to running support level. Now Correction seems to be mature as we can see in this chart.

AUD/JPY Weekly Chart
AUD/JPY Weekly Chart

If we look into these levels of 90.139 to 88.227, it seems to be a very strong resistance level. If price rejected from this zone and reverse to form a valid swing point and validating swing rejection it would touch 76.277 in the next two and half months.

Price is struggling at strong resistance zone of 90.139 and 88.227 formed bearish W shaped pattern that indicating it’s going to establish bearish trend soon.

If we have look at the price Action of AUDJPY we can see a falling wedge with valid breakout and at fast momentum attain required break out level. Second seem to be at maturity of second Bearish Elliot wave. Now warming up to start of third Elliot wave.

GANN study also prove prognosis of upcoming bearish wave.

AUD/JPY price having down ride reversed for correction from GANN 270 Degree natural level. This is a very strong area for any expected reversal. Price had taken almost 90 degree correction and now struggling at GANN angle 180 Degree. It now in retesting phase of 180 Degree level having correction of 90 Degrees.

If we look at GANN Square of 90, it’s also shows that price failed to cross its balance point of 180 Degrees. Showing that the master direction is still bearish. Go short on break down of 85.887 and support level needed to monitor are

Price                      GANN Natural level (Degree)

81.316                   215

76.869                   270

72.548                   315

Long Term Outlook    (BEARISH)

Gold Road Map for The Upcoming Weeks

Gold remains an important metal and one of the favorite commodity for traders and investors, particularly in days of uncertainty. The unstable Regime of Donald Trump provide financial markets with volatility and a sense of  unpredictable future. But on the other side of the coin, markets tend to have their own dynamics. And markets keep following their universal vibrational movements.

Current Scenario

Gold daily chart established swing point at GANN level 0 and behave well to establish Bullish biase.

GANN level 180 Degree (1328.82) – a trend reverse level. Currently the price is struggling at GANN Level 90 Degree and this level (1216.04) acts as a valid Resistance Point. GANN study shows that gold will create a small down rally in the next few days.

Gold Daily Chart
Gold Daily Chart 

Gold hourly chart Clearly shows that prices might move up as Gold starts its correction and fail to maintain GANN Level 540 Degrees (270 x 2). The pattern shows high probable reversal zone which confluence D1 Bearish correction.

GANN and vibrational analysis provide three alternative scenarios for gold that can be adopted in the next upcoming days/weeks.

Important zones that need to be considered in next few days:

  • 1271.78 and 1252.87
  • 1187.34 and 1172.22
  • 1096.87 and 1071.40

These areas are make or break and will determine gold movements on breakout or rejection.

Alternative 1. High Probability

Alternative 2. Medium Probability

Alternative 1. Low  Probability