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Currecies

EUR/CHFI just thought I would post this since I don't know if I covered it in the weekly outlook video... Echf is looking like it is giving a buy setup to possibly at least test that 38% fib. That MA is the 200 on the "Daily". This is not a trade signal. Notice the circle to the left to understand how these consolidations can play out... If you need to, learn how to read price action and trade, otherwise disregard my analysis. I am not trading until midweek, but only if I feel in the mood. And this is not the best setup out there by far, but like I said, I think I forgot this one in the video. All these swiss pairs showing swiss weakness, and the swiss index looking corrective for at least a little move down. But please understand we are in smaller corrective structure within larger corrective structure on pretty much everything and these EU CFD rulings are gonna cause some money to move around. For a better understanding on trading these scenarios and reading price action watch my weekly outlook, or if you watch someone else's, please just make sure they understand what really moves the market. But Echf, probably another buy coming, but it may produce a sell setup. LOL. Just read the price action, could be a very nice buy but could be choppy. Similar concept to Gchf. Eur/Gbp should make at least one more push up "if" it is going to drop, but I am not interested in selling that until it changes its structure, I still see buy, but I feel like these pairs are being fairly obvious about what will happen. Watch out for Aud and NZD strength upcoming this summer, with NZD possibly taking the upper hand when you factor in the USD pairs. For a better understanding watch the video.
by thillygoosth
GBPUSD - ONE LAST MOVE UP BEFORE MORE DOWNSIDELooking at the bigger picture (Weekly timeframe) we can see that the pair is still in consolidation mode, specifically in an Expanded Flat Correction. Now looking further ahead I personally don't think that the pair will be going much much lower for the reason being that on the Monthly timeframe it has broken through a Major Downward trendline. Apart from that it has been in a downtrend since the 1st of November 2007 and has completed 3 Cycles down. Therefore the move towards the downside we'll be trying to catch will simply be the retest of the broken Monthly trendline. Of course there are also long positions to be taken but that depends on each individual's trading plan. Trade safe and implement your own due diligence before entering a trade.
by Aqua_Trader
1
USD/JPY – Offered on BOJ disappointmentJPY demand picked up after Bank of Japan held monetary base unchanged along with interest rates and debt purchases and announced only an expansion in the size of its ETF purchases. USD/JPY was offered at 50-DMA level of 105.55 and dipped to a two-week low of 102.70; before a bullish price-RSI divergence on the hourly chart helped the pair recover to 103.66 levels. Outlook Pair’s erratic drop to 102.70 followed by a recovery to 103.66 on the back of bullish hourly price RSI divergence suggests the bears are not in with their full strength and thus acceptance above 103.61 (head and shoulder neckline level on hourly) would open doors for further recovery to 104.19-104.60 levels. On a larger scheme of things, we need a day end closing above 106.64 (38.2% of 2011 low-2015 high) to signal bearish invalidation and trend reversal. On the lower side, daily low of 102.70 risks being breached for 102.00 levels if the hurdle at 103.66 holds and is followed by a red candle on the hourly chart.
by TipTVFinance
EUR/USD – Bulls need to defend 1.1429 this monthEUR/USD – 1.1429 is a strong support this month Resistance – 1.1534, 1.1714, 1.1773 Support – 1.1429, 1.1330, 1.1203 Euro’s failure to take out/sustain above 1.1534 on daily closing basis if followed by a break below 1.1429 (today’s low) could result in a minor sell-off to 5-MA on monthly chart seen currently at 1.1203. The area between 1.1430-1.1534 has acted as strong resistance throughout last one year. Pair also struggled around 1.1450 last month before finally breaching through the same today. Despite this, if the pair drops below 1.1429, bulls are likely to see a short-term loss of control. On the higher side, a daily close above 1.1534 shifts risks in favor of extension of the rally to 1.16. On charts, a major hurdle is seen only at 1.1714.
by TipTVFinance