Update on Twitter @KarenPeloille
P1
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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$.
Karen Péloille
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
P14
Q3/2019
XAUUSD - Monthly
From an Elliott count point of view we could draw this scenario with a top set either at 1614$ 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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
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
Update on Twitter @KarenPéloille
Ichimoku Market Analysis
P18
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.