This is the beginning of a new trading month, a new succsessful trading week and our new Constant Range Bars Charts Technical Analysis (35
Pips Bars/Candles) in Analogy with 4 hours Time Based Charts for This Week, for
the Major Pairs (Eur/Usd, Gbp/Usd, Aud/Usd, Usd/Chf, Usd/Jpy, Usd/Cad and
Nzd/Usd). So far, my Analysis has had 85 % Success, because it is based on
Price Action. In this First Analysis in February I will also Post the Monthly
View through the Daily Charts.



You can see examples for my Analysis in My Article Series from December and
January.


I recommend You to read my Timing Solution Article, with the help of the Range Bars Charts, because it can help You to find a better use for this Analysis in your trading Plan.

As You may know from my previous analysis my Technical instruments are:

- Pivot Points (Daily, Weekly, Monthly), supports and resistences,
- Simple Moving Averages (30,50,100 and 200),
- Fibonacci Retracements,
- Trendlines and Channels,
- Candlestick Formations,
- Volumes Analysis.

My analysis contains the 4 Hours Time-Based Charts in Analogy with the 35 Pips Constant Range Bars Charts for the Weekly View. This analysis also contains the Daily Chart for the Monthly View.

I will Update my Analysis through the Comment Section of this Article, throughout the Week, with the Daily View on the 1 Hour Chart/ 15 Pips Range Bars Charts.(on Wednesday and Friday Mornings).

If I will have the Time, I will also try to post the Weekly View for other Pairs that might give You a great R.O.I. (Return of Investment) in the Comment Section of this Article, on Tuesday:



- Eur/Gbp, - Eur/Chf,

- Eur/Jpy, - Usd/Nok,

- Usd/Sgd, - Aud/Jpy,

- Usd/Sek, - Chf/Jpy,

- Eur/Aud, - Gbp/Aud,

- Gbp/Jpy.



I will also make a brief analysis of USD and Euro Indexes.




Let's proceed with our Monthly and Weekly Views for the Major Pairs.


1) >> Eur/Usd - Monthly View - February - Daily Chart,



Euro is moving in a downtrend on the Daily Chart, and has retraced to 61,8% Fibonacci Retracement, close to 100 DMA. Higher probability seems a Bearish Continuation for the current Month.

Bearish Probability should have to break 1,2975 (the Monthly Main Pivot line, possible confluence with 30 and 50 DMA, an important Key-Level for the Downtrend continuation). Next support Level could be 1,2724(Monthly S1 Pivot) and 1,2624(support from Last Month). If this Support Area will be Broken, further Support will be found at 1,2738(Monthly S2 Pivot). watch this Level for a Bullish Retracement.

Bullish Probability on the Daily chart could pass a congestion area for a few Days and then Break the Downtrend Line and reach the resistence at 1,324(61,8% Fibonacci Retracement) and 1.333(Monthly R1 Pivot, confluence with 100DMA, important Key-Level to signal a possible trend reversal). further we can have a Bearish retracement to the Trendline and then an Higher Amplitude Upside Move to 1,358(Key-Level, confluence between 200DMA and Monthly R2 Pivot and 38,2% Fibonacci Retracement). This is the Level that holds the Downtrend for now.


   >> Eur/Usd Weekly View (06-10th of February), 4 Hours chart in analogy with 35 Pips Constant Range Bars Chart.



 

On 4 Hours Chart, we can see an Uptrend (the Bullish Retracement from the Daily chart).

Bearish Probability for the Euro could break 1,302(Weekly S1 Pivot Line future confluence with 100SMA on 4H), after a small retracement, and continue further to 1,293(Weekly S2 Pivot, confluence with 200SMA on 4H, important key-level that holds the Uptrend).On Thursday, during the ECB press conference , Euro could fall further to 1,274(Weekly S3 Pivot) and Break the Uptrend to continue the Downtrend on higher Time Frames.

Bullish Probability could rise to 1,312(Weekly Main Pivot, confluence with 30 and 50 SMA on 4H) and then break the Downtrend Line from the Daily Chart to move up to 1,324(61,8% Fibonacci from the Daily Chart, confluence with Weekly R1 Pivot). Next a retracement could find support on the Trendline and then Resume the Upside Move to reach 1,331(Weekly R2 Pivot) and 1,338(Weekly R3 Pivot).


2) >> Gbp/Usd - Monthly View - February - Daily Chart,




Cable is Trending downside on the Daily Chart. It has retraced to 1,585(200DMA, confluence with 38,2% Fibonacci Retracement). Higher Probability seems the Bearish of the Downtrend for This Month.

Bearish Probability could break 1,5699(confluence between 50% Fibonacci and 100DMA) and move further to 1,5596(the Monthly Main Pivot, confluence with 1,8% Fibonacci Retracement and Downtrend Line Support, important Key-Level for the Downtrend Continuation). The next support will be 1,5396(Weekly S1 Pivot) and 1,523(important support from last months). If this level will be broken price could reach 1,503(weekly S2 Pivot), before a Bullish Retracement.


>> Gbp/Usd - Weekly View (06-10th of February), 4 Hours chart in analogy with 35 Pips Constant Range Bars Chart. This Charts will be explained in the Comments section of this Article because I have a limit of 1500 words for the Post.

 


 



3) Usd/Chf - Monthly View - February - Daily Chart,



The Swiss Franc is moving in an Uptrend on the Daily Chart. It is currently retracing Bearish and has reached the 100DMA, confluence with 61,8% Fibonacci Retracement, and found support. Higher Probability seems Bullish for the Month of February, for an Uptrend Resume.

Bullish Probability on the Daily chart could break 0,93(Monthly Main Pivot Line) and move Further to 0.949(Monthly R1 Pivot). From here price could retrace back to the Weekly Pivot and the Resume the Upside Move in the second part of this week to reach 0,9585(Strong resistence from last Month) and even further to 0,978(Monthly R2 Pivot) .

Bearish Probability on the Daily Chart could break 0,9196(confluence between 100DMA and 61,8% Fibonacci Retracement) and Move Further to 0,9015(Monthly S1 Pivot) and 0,88(important key-level to hold the uptrend on the Daily chart, confluence between 200DMA and Monthly S2 Pivot Line).


>> Usd/Chf - Weekly View (06-10th of February), 4 Hours chart in analogy with 35 Pips
Constant Range Bars Chart. This Charts will be explained in the
Comments section of this Article because I have a limit of 1500 words
for the Post.

 


 


The next Charts will be explained in the
Comments section of this Article because I have a limit of 1500 words
for the Post.

 
4) Aud/Usd - Monthly View - February - Daily Chart,




>> Aud/Usd - Weekly View (06-10th of February), 4 Hours chart in analogy with 35 Pips
Constant Range Bars Chart.




 


5) >> Nzd/Usd - Monthly View - February - Daily Chart,

 



>> Nzd/Usd - Weekly View (06-10th of February), 4 Hours chart in analogy with 35 Pips
Constant Range Bars Chart.




 



6) >> Usd/Jpy - Monthly View - February - Daily Chart,

 



>> Usd/Jpy - Weekly View (06-10th of February), 4 Hours chart in analogy with 15 Pips
Constant Range Bars Chart.




 


7) >> Usd/Cad - Monthly View - February - Daily Chart,




>> Usd/Cad - Weekly View (06-10th of February), 4 Hours chart in analogy with 15 Pips
Constant Range Bars Chart.

 

 


I will post the Written analysis for the chartsafter the Article will be Published on the Dukascopy site, in the article comments section. I will also update the analysis on Wednesday and Friday with the Daily view on 1 Hour charts.

Please Remember to read my other Article: The Timing Solution - Range Bars Charts exposed

Disclaimer: Please take responsability for you own trading decisions.

To your success,
Tiberiu - Doctortyby
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