EURCAD has been moving in a wide channel since 2013 and its bottom channel (Turquoise line) has almost been reached now. Definitely a pair to watch for either a Bounce or a Breakout. If the bounce for trend continuation is confirmed, this should give us a niiiice movement potentially up to the upper channel. The pair moves quite slowly so this is probably a...
EURCAD has been moving in a wide channel since 2013 and its bottom channel (Turquoise line) has almost been reached now. Definitely a pair to watch for either a Bounce or a Breakout. If the bounce for trend continuation is confirmed, this should give us a niiiice movement potentially up to the upper channel. The pair moves quite slowly so this is probably a...
USDCHF has been moving around parity but its dancing days might (hopefully) be almost over. In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though). And all around the roundest round number 1.00000. The SMA(100) and the SMA(200) are getting closer...
USDCHF has been moving around parity but its dancing days might (hopefully) be almost over. In the last days the pair bounced between two important moving averages: the 100 SMA and the 200 SMA (in the chart, the Turquoise and Black ones are actually EMAs though). And all around the roundest round number 1.00000. This could mean a breakout due soon. Update your...
Platinum seems to have revered a skewed Head And Shoulder pattern in December and its upward Trend is now converging towards the first notable resistance. We are still well within last year's High and Low so more action can be expected. The key point for me at the moment is waiting to see how the price reacts to the level originally rejected in November.
Platinum seems to have revered a skewed Head And Shoulder pattern in December and its upward Trend is now converging towards the first notable resistance. We are still well within last year's High and Low so more action can be expected. The key point for me at the moment is waiting to see how the price reacts to the level originally rejected in November.
AUDJPY has been consolidating in a Box for 10 weeks now and started to form a Wedge inside that box in the last 5 weeks. The pair will thus probably give a good breakout soon in one of the two directions with different level of Targets. Patience required to plan the setup.
AUDJPY has been consolidating in a Box for 10 weeks now and started to form a Wedge inside that box in the last 5 weeks. The pair will thus probably give a good breakout soon in one of the two directions with different level of Targets. Patience required to plan the setup.
Waited patiently for NZDJPY to reach Resistance ~83.50 I thought it would reach it yesterday so I was LONG~82.8 TP1~82.9 TP2~83.4 Now good Risk-Reward-Ratio (RRR) on the Reversal SHORT. Conservative Stop Losses to be put above the time-high at 83.75 And... see how this plays out!
CADCHF during the night was hammering on a Fibonacci Resistance and bouncing between Fibonacci Clusters and the Indicators were showing Divergence. Decided to go for a Swing trade and Compound ~0.7662 SL just above the resistance Fibonacci levels did their job properly this time :) Let's see if the pair continues its rally short
I was asked a detailed opinion on a forum so I decided to report it here. The question was about going Short on EURCAD @1.4227 after the bearish pin-bar where the pair closed yesterday. Looking at lower timeframes I had marked one at 1.4251 which is currently where the price is being contained after dropping yesterday afternoon (the price started to move in the...
USDCHF seems to be heading short following the trend again. This is the classical trade to be taken early in the trend and compound, adding to the winning position after each retracement (break of the light blue reversal line). Hopefully this is going the same as the others. Cheers
Impossible not to notice the uptrend on CADCHF the last two days; I would say this is a physiological retracement after a whole week trending down. This is still well within the trendline and which is furthermore following a Fibonacci pattern so far. The Fibonacci retracement on the H4 zoom shows the Fibonacci retracement as well. Let's see what the market...
Coffee moving gracefully upwards both on H4 and D1 does not show signs of trend change at the moment. Did this analysis on Thursday and forgot it there without entering the trade... well done!
The price stopped the 4H downwards trend yesterday (sharp Aqua line) and started going up but is compressed between that and the short-term downwards trend (Aqua line on the top) . This downwards trend might however come at a crossroads with the medium-term Weekly uptrend (Red line for the latest one and Orange line taken from a low before). The horizontal blue...
GBPCAD closed the day in a very curious configuration that deserves being observed for potential action. The price touches the trendline and on the Weekly (below) and on the Daily. However, the closer zoom on the H4 timeframe in the main chart shows that the price actually broke out the downwards trendline. Now the peculiar thing is that this level: Sits...
Someone asked an advice in chat about Palladium LONG (with TP@756.00) and thought to provide my personal point of view with a more organic answer... The instrument is uptrend on the long term, but it looks indecisive at the moment; from the chart we can see it is in a range between two Fibonacci levels (and one of them is a resistance as well). If we entered...
The retracement line on M15 and on M30 is squeezing the bars towards the Fibonacci level at 1.04958. The same trendline holds for H1 as well (see ) A bar closing under that trendline would probably lead way to a further continuation downwards, The trend has been short for a bit now as you can see on both H4 and on D1 So, in case the price finally breaks...