Karen Péloille experte Ichimoku Kinko Hyo - MARKET DECRYPT: Forex · 2019. 10. 2. · Ichimoku...

Update on Twitter @KarenPeloille

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Ichimoku Market Analysis Karen Péloille

P1

Q3/2019

MARKET DECRYPT: Forex

Q3 Analysis

Comments:

USD trend is still bullish but a strong resistance is not far away.

GBP : depends mainly of the Brexit issue due for the end of October.

AUD : remains bearish and could be testing the last bottoms for a 3rd time.

EUR : broke down a key level. More downside is expected as long as this level is not violated.

JPY : completely neutral on this currency as it seems to move mainly with the stock markets action.

Karen Péloille

Update on Twitter @KarenPéloille

Ichimoku Market Analysis

P2

Q3/2019

DXY - Quarterly

The Dollar index finally broke out the cloud SSB level which also happens to be the Yearly Kijun. The double resistance trendline + SSB level (above the Lagging Span) is not far away. Will it test this level and even break it or pull back towards the SSB below?

Karen Péloille



P3

Q3/2019

DXY - Monthly

The Index closed September on the intermediate median line and could pull back towards the Cloud SSA in line with the Kijun below the Lagging Span. Invalidation on breakout of the intermediate median line.

Karen Péloille



P4

Q3/2019

EURUSD - Yearly

The pair is still on a downtrend and could possibly reach the double support SSB + Trendline at 1.049.

Karen Péloille



P5

Q3/2019

EURUSD - Quarterly

Prices could test the support trendline level at 1.06823. The Lagging Span broke down the Cloud SSB and thus validated the bear trend. Invalidation above 1.09465.

Karen Péloille



P6

Q3/2019

EURUSD - Monthly

The Lagging Span broke both its Kijun and Tenkan > bearish validation. The price target at 1.06823 is still a

possibility on this TF but as we already have 3 red candlesticks we could also consider a pullback towards 1.12.

Karen Péloille



P7

Q3/2019

AUDUSD - Quarterly

The Lagging Span entered its cloud and as a 3rd red candle is expected, a test of 0.65 level is to be considered.

Karen Péloille



P8

Q3/2019

AUDUSD - Monthly

The bearish trend will remain in place as long as prices stay below the Tenkan at 0.968. Next downside targets are

set at 0.65 / 0.64.

Karen Péloille



P9

Q3/2019

GBPUSD - Quarterly

Could we consider that a double bottom has been marked ? Or could we have a new test of this support trendline with a 3rd red candle ? A bullish signal would be given only on breakout of the Tenkan at 1.31675.

Karen Péloille



P10

Q3/2019

GBPUSD - Monthly

The pair could pull back towards the trendline + Tenkan at 1.26701. Should the Lagging Span break down the red trendline a new test of the last bottom would be considered. This pair is neutral between the 2 trendlines.

Karen Péloille



P11

Q3/2019

USDJPY - Quarterly

This pair posted a doji on Q3 close following a new test of the SSB. A bullish signal would be given only on breakout of the double resistance Tenkan + Kijun.

Karen Péloille



P12

Q3/2019

USDJPY - Monthly

Prices are testing the Tenkan and could reach the triple resistance Kijun + red trendline + Cloud SSB on breakout . Note that a twist appears further right but could be difficult to get through as prices would have first hand to break through the Kijun + the bearish trendline.

Karen Péloille



P13

Q3/2019

XAUUSD - Quarterly

Prices closed Q3 below the Kijun level. They could pull back towards 1421$ in order to test the SSA breakout. Invalidation above 1484$.

Karen Péloille



P14

Q3/2019

XAUUSD - Monthly

From an Elliott count point of view we could draw this scenario with a top set either at 1614$ or 1721$ at the highest. But I first consider for the months to come a possible test of the Tenkan almost on the same level as the cloud SSB at 1421$. However the Kijun breakdown at 1361$ would definitively validate this top.

Karen Péloille



P15

Q3/2019

XAUUSD - Weekly / Monthly

Here is a more detail view of a possible Elliott count with the different paths that this asset could follow.

Karen Péloille



P16

Q3/2019

XAGUSD - Quarterly

Q3 closed just above the Tenkan. Could we expect a new test of the Kijun level at 19.3$ ?

Karen Péloille



P17

Q3/2019

XAGUSD - Monthly

Prices broke the trendline in August and tested this breakout in September closing on the Kijun + Tenkan. We should consider a move up but the Lagging Span doesn't validate such an hypothesis as it remains below its own Kijun. And in case it finally break out its Kijun note that there's a cloud as resistance. I would stand aside .

Karen Péloille



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Q3/2019

Disclaimer

The main purpose of the analysis presented in this document is to lay out markets situations by finding out key levels to be watch closely for the week ahead. Fundamentals information is not taken into account. The information provided herein represents my personal opinion about markets possible future movements, mainly based upon the Ichimoku market reading system. Trading strategies are suggested with invalidation levels but they are not investment advices. The markets' key points put forward are only set out to help each trader build his own trading plan regarding his personal objectives and money management. I shouldn't be held responsible for the misuse of this report.

© Karen Péloille All rights of reproduction, translation and adaptation reserved for all countries.

Karen Péloille experte Ichimoku Kinko Hyo - MARKET DECRYPT: Forex · 2019. 10. 2. · Ichimoku...

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