Morning traders, Looking at a great short setup on Euro versus New Zealand Dollar on the recent move higher coming up against resistance dating back to early January at the same time as volumes are dying out- suggesting this rally up to the resistance level is running out of power to break any further higher. This coupled with multiple indicators showing...
Good afternoon traders, Looking to position ahead of tonights Australian inflation data which we expect to come in below expectations of 1.5% (yoy) in a similar manner to the recent New Zealand data. Given the data driven nature of this trade we are trading with a tight stop loss just above the previous candle wick high on 17th April. Backing the entry of this...
Good afternoon traders, Looking at an interesting setup in US dollar versus Canadian dollar with a triple top forming around 1.34 with a third attempt to trade above that level failing and pointing to a pull back lower for the pair. More recently we just had slightly weaker than expected Manufacturing data from Canada which failed to give any real boost to US...
Good morning traders, Today we are starting with a look at Aussie dollar and US dollar. After positive Chinese growth data came out overnight- GDP and industrial production both beating estimates- Aussie dollar spiked up to the 0.72 area where it has previously found strong resistance both from the psychological aspect of a round number and this area coinciding...
Good afternoon traders, Looking at a severely oversold New Zealand dollar versus US dollar on multiple time frames. Most appealing to us is the daily timeframe but almost all time frames confirm the oversold nature of this pair after the recent inflation print disappointed. 0.1% versus 0.3% expectation. This led for the New Zealand dollar breaching key levels...
Good Morning traders, Taking a look at US dollar and the Swiss franc and looking on a year to date basis we can see a head and shoulders pattern starting to form, which if confirmed opens up significant downside for this pair. Not only do we have a naked trading pattern forming but we have technicals backing up the trade with multiple indicators pointing to a...
Good morning traders, Looking to change up our recent technical analysis examples this time with a clean trade on Euro versus Japanese Yen. The beat on Chinese gdp and Industrial production gave a risk on tone overnight leading to Yen weakening but also, for this pair, an Evening Star candle forming on the daily over the 15th and 16th. Evening star are early...
Good morning traders, And welcome to a new week- our recent tradingview charts were unfortunately removed due to us breaking house rules of including our website in the title. So we are reposting this US dollar Japanese Yen setup from Friday which is still live. Friday was an extremely technical day with option expiry's driving Yen pricing into the end of the...
Good morning traders, And welcome to a new week- our recent tradingview charts were unfortunately removed due to us breaking house rules of including our website in the title. So we are reposting this Euro Canadian Dollar setup from Friday which is still live. Looking at short setup on Euro versus Canadian dollar as multiple technical indicators line up to show...
Good morning traders Last week we went long gold at 1295 targeting the formation of a head and shoulder pattern around 1301. Four days later and we see that right hand shoulder pattern forming and therefore look to short gold at market level. If you look at our chart work on the uk trading view website you can see four failed attempts on 4 hourly charts to...
Off the beaten track with an "EM exotic" trade.. and the first idea on this pair on tradingview PLNHUF breaking and having repeated closes below 2018 low opening up a move down to 72 area and potential retest of 2017s low 70 area
Gold having a massive move lower today down -15.00 at time of idea. Crazy 3 days going from 1295 up to 1310 and back down all in one trading session. Getting long as it finds support at levels dating back to January and at the same time moves heavily into oversold status. Looking for this level to support a short term bounce back into 1295-1308 trading zone...
Quick short trade- buy USDCAD after finding support at Fibonacci resistance line (see chart); oversold status on RSI and a bullish Harami candle pattern forming on 4 hourly charts
Have been waiting to get short this pair- short NZDCAD post the New Zealands central bank meeting which took NZD in to todays top performing G10 currency- looking for descending red trendlines to hold and for the pair to trend back down to low 0.89 area and potentially break to the downside. Pair currently in overbought territory following the overnight spike.
USDCAD approaching 0.382 fibonacci support from 2019 high whilst looking marginally over sold- looking for bounce into March after month end flows clear up
High expectation of further easing from ECB likely via the announcement of TLTRO for the banking sector- news flow lining up with technicals on the chart above with the mutiple wave formation
Looking to short USDJPY with stop loss at fibonacci support around 112.3 area; targeting 109 area over next month with trade driven by interest rate differentials (carry trade) on US treasuries vs JGB after last weeks break out higher on US 10yrs
Buy gold after finding support at Jan levels- chart fairly self explanatory. Oversold territory and looking for move back to 1305-1308 area Keep it simple.