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ASIA

AUDUSD LONG ENTRY LEVELS, ASIA SESSION ONLY More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 27/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1W Bearish Pattern 1M Bullish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1D WR4 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 0.75940 Option level R3 0.75660 Option level R2 0.75440 Option level R1 0.75150 Option level S1 0.74920 Option level S2 0.74850 Option level S3 0.74630 Option level S4 0.74260 Session (current session only) levels: r3 0.75825 r2 0.75557 r1 0.75288 p 0.75133 s1 0.74864 s2 0.74709 s3 0.74440 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Long
by Marenno
AUDUSD SHORT ENTRY LEVELS, ASIA SESSION ONLY More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1W Bearish Pattern 1M Bullish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1H WR4 1H WR7 1D NR4 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 0.75480 Option level R3 0.75210 Option level R2 0.75000 Option level R1 0.74740 Option level S1 0.74540 Option level S2 0.74520 Option level S3 0.74360 Option level S4 0.74060 Session (current session only) levels: r3 0.75211 r2 0.75032 r1 0.74854 p 0.74702 s1 0.74524 s2 0.74372 s3 0.74194 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Short
by Marenno
EURGBP LONG ENTRY LEVELS, ASIA SESSION ONLY More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1M Bullish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1D NR4 1D NR7 1W NR4 1W NR7 1M WR4 1M WR7 Session (current session only) levels: r3 0.84091 r2 0.83937 r1 0.83783 p 0.83670 s1 0.83516 s2 0.83403 s3 0.83249 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Long
by Marenno
EURUSD SHORT ENTRY LEVELS, ASIA SESSION ONLY More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Currently there are no clear patterns on a chart (it doesn't mean that there are no level limit entries and places for stop entries) We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1H WR4 1H WR7 4H NR4 4H NR7 1D NR4 1W NR4 1W NR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 1.10330 Option level R3 1.10180 Option level R2 1.10140 Option level R1 1.10140 Option level S1 1.09790 Option level S2 1.09610 Option level S3 1.09370 Option level S4 1.09370 Session (current session only) levels: r3 1.10295 r2 1.10173 r1 1.10050 p 1.09865 s1 1.09742 s2 1.09557 s3 1.09434 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Short
by Marenno
GBPUSD SHORT ENTRY LEVELS, ASIA SESSION ONLY More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1W Bearish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1D NR4 1D NR7 1W NR4 1W NR7 1M WR4 1M WR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 1.32010 Option level R3 1.31780 Option level R2 1.31610 Option level R1 1.31360 Option level S1 1.31020 Option level S2 1.31020 Option level S3 1.30680 Option level S4 1.30520 Session (current session only) levels: r3 1.31933 r2 1.31736 r1 1.31538 p 1.31242 s1 1.31044 s2 1.30748 s3 1.30550 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Short
by Marenno
NZDUSD SHORT ENTRY LEVELS, ASIA SESSION ONLY More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1M Bullish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 4H WR4 1W NR4 1M WR4 1M WR7 Session (current session only) levels: r3 0.70200 r2 0.70108 r1 0.70016 p 0.69880 s1 0.69788 s2 0.69652 s3 0.69560 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Short
by Marenno
USDCAD LONG ENTRY LEVELS, ASIA SESSION ONLY More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Currently there are no clear patterns on a chart (it doesn't mean that there are no level limit entries and places for stop entries) We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1W NR4 1W NR7 1M NR4 1M NR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 1.33330 Option level R3 1.33330 Option level R2 1.33330 Option level R1 1.32445 Option level S1 1.31583 Option level S2 1.31583 Option level S3 1.30721 Option level S4 1.30721 Session (current session only) levels: r3 1.33149 r2 1.32814 r1 1.32480 p 1.32085 s1 1.31751 s2 1.31356 s3 1.31022 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Long
by Marenno
USDCHF LONG ENTRY LEVELS, ASIA SESSION ONLY More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1D Bearish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1H WR4 4H NR4 4H NR7 1D NR4 1W NR4 1W NR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 0.99006 Option level R3 0.99006 Option level R2 0.99006 Option level R1 0.99006 Option level S1 0.98530 Option level S2 0.98045 Option level S3 0.98045 Option level S4 0.98045 Session (current session only) levels: r3 0.98998 r2 0.98860 r1 0.98721 p 0.98640 s1 0.98501 s2 0.98420 s3 0.98281 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Long
by Marenno
USDJPY SHORT ENTRY LEVELS, ASIA SESSION ONLY More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1D Bearish Pattern 1M Bearish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1H WR4 1H WR7 4H WR4 4H WR7 1M WR4 1M WR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 106.866 Option level R3 106.667 Option level R2 106.217 Option level R1 106.217 Option level S1 105.386 Option level S2 105.386 Option level S3 105.386 Option level S4 104.814 Session (current session only) levels: r3 106.705 r2 106.399 r1 106.094 p 105.917 s1 105.612 s2 105.435 s3 105.130 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Short
by Marenno
USDMXN SHORT ENTRY LEVELS, ASIA SESSION ONLY More chances for a bearish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1M Bearish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 4H NR4 4H NR7 1D WR4 1W NR4 1W NR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 19.04762 Option level R3 19.04762 Option level R2 18.86792 Option level R1 18.86792 Option level S1 18.69159 Option level S2 18.51852 Option level S3 18.34862 Option level S4 18.34862 Session (current session only) levels: r3 18.99255 r2 18.91692 r1 18.84128 p 18.71012 s1 18.63448 s2 18.50332 s3 18.42768 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Short
by Marenno
XAUUSD LONG ENTRY LEVELS, ASIA SESSION ONLY More chances for a bullish continuation, what is confirmed by a recent multi time frame price action research, and important level zones NEXT WEBINAR (LONDON TIME): 26/07/16 06:00 www.youtube.com How to use levels - 1. Wait till the level is reached, 2. Reversal pattern, 3. Confirmation , 4. Entry, 5. Target (intraday) is a last level on the direction mentioned with arrows. Reviewing the most recent PA 1&2 period patterns we have: 1M Bullish Pattern Knowing the patterns of a higher time frame is very important. Sometimes they can conflict one to another, but it gives us the information of the possible correctional moves, or a start of a new direction, so basically, every time when conflict exists, you must examine a chart whether it is a correctional pattern appearence or a new direction, shall you close the existing trade or open the new one, does it give you a new oportunity or shall you wait, and also rememver, that when the monthly pattern appeared, it means that it is valid till the current month is closed, as by the price action rules, the pattern is clear only at the close of the candle or a bar. We also have to review the range of the closed period comparing to the previous set of periods, hours, weeks, months, etc... Here, I'm showing you a range compared to 6 and 3 previous periods, NR means Narrow range, WR means wide range, the number displays a total periods reviewed, if the NR is displayed, high possibility of the range expansion, in WR case it can be opposite. at the moment here's the situation: 1H WR4 1H WR7 1D NR4 1W NR4 1W NR7 1M WR4 1M WR7 Also I have decided to share a Levels, that take time to count, and you can use them as a bounce levels in a direction you trade: Option level R4 1335.40 Option level R3 1327.00 Option level R2 1320.90 Option level R1 1319.50 Option level S1 1315.50 Option level S2 1308.60 Option level S3 1304.30 Option level S4 1299.60 Session (current session only) levels: r3 1331.88 r2 1326.26 r1 1320.64 p 1316.51 s1 1310.89 s2 1306.76 s3 1301.14 I really hope that sharing of my routine with you, will help you in your trading. Also I really hope that in respect to my hard work, you will take time to use the data I share, you will put the levels on a chart, and will apply it to your trading. Sincerely Arturs Jermolickis arthur@marenno.com skype: marenno.business A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
FX:XAUUSDLong
by Marenno
AUD/NZD's Multi-Year Cycle in Full Swing [Time For the Bulls]Another super awesome 'trade of the ages' on this SVP {Super Valuable Pair}! Another Super Valuable Pair similar to this one with identical price behavior is the FX:AUDCAD . Remember the NZD/CAD trades opposite to this one due to the negative correlation. I've been waiting forever for this Inverse Head & Shoulders to complete and lift-off and the party has now truly begun. Target's #1 and #2 have already been hit and the neckline hasn't even broke yet. My 3rd Target is the neckline itself then we really look forward to pyramiding those Buy positions aggressively. This sexy beast is just getting started just like almost all the other pairs with huge Daily and Weekly Head & Shoulder's formations like the Yen pairs just to name a few because they are literally popping up everywhere. I think Year 2016-2017 will be remembered as the year of the Head & Shoulders :) The AUD/NZD and GBP/NZD have a high level of positive correlation with each other so I really expect both pairs to push tremendously higher. The only upcoming event that may potentially hurt any British Pound momentum is the "Brexit" decision which is on June 23rd, 2016 so we'll see but until then I'm bullish FX:AUDCAD , FX:AUDNZD and FX:GBPNZD . However, I'm bearish FX:NZDCAD , FX:EURNZD and FX:NZDJPY which I will talk more about at a later time. Good luck traders, and may all your trades be profitable!
Long
by FractalEyeZ
New Zealand Dollar Sets Up for Bullish MoveThe kiwi had a solid move against the dollar on Friday, gaining 1.14 percent. The move came as commodities rebounded, thus pushing up their respected commodity FX. This was a response to the weaker dollar, but commodities saw their sixth week of capital inflows as traders deem a more risk-on approach in the medium-term. The move into commodities has been the longest in eight months. The daily chart has formed a “cup and handle” pattern. Typically more consistent on the weekly chart, but price action has been able to form a rounded bottom which coincides with weekly price support. The handle is formed as price begins to fade upward momentum and can resemble a bull flag or pennant. If NZDUSD can close above .6770, the pair will likely break out of the downward consolidation (shaded box). Traders’ risk sentiment will fuel either the run up to the 200-day EMA near .7000, or cause the kiwi to trend lower to price support of .6638 – at this point the subjective pattern could show signs of breaking down. If the pair does close below the 50-day EMA, price support would be sought out as downward targets. Please follow me on Twitter @Lemieux_26 Check my posts out at: bullion.directory www.investing.com www.teachingcurrencytrading.com oilpro.com
by CommoditiesTrader
10
Supreme Confluence - CAD/JPY CAD/JPY has been in a dominant bearish trend since December 2014 as the breakdown in the Canadian Dollar, largely influenced by the crash of oil prices, has crippled the currency. January 2015 resulted in an absolutely massive bearish engulfing bar on CAD/JPY, February offered us a nice bullish pullback, and now we have the continuation pattern in play. We have supreme confluence on the weekly chart to short this pair starting next Monday -3/9/2015. USD Non-Farm Payrolls came out better than expected and CAD Trade Balance & Building Permits both printed terrible data. This was the catalyst for USD/CAD to break out of it's 1 month descending triangle and now we will witness the next round of punishment to the Canadian economy.
Short
by LoneWolfCapital
3