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USDJPY Possible Short Trade Hello Traders, today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices. This may be first clues that a lower extend to the downside is possible. Looking at our Intermarket indications, which always gives us a clue about potential market capital flows, it seems that further outflow may follow as all of our indications look south with a tendency of staying for a little bit below the midlevel. However, the market may oscillate a little further around trendline break before potentially falling further to the downside due to massive outflow in the previous hours! We will wait for today’s close and see if potential trading opportunities occur. Let’s see. We will keep you updated!
Short
by secrets2trade
3
Correlation Trade To WatchKeep an eye on this correlation setup over the coming days and weeks. The correlation is falling apart between AUDCAD & NZDCAD as you can see in the box on the right. You will notice the left box, when the spread got to approximately 400 Pips the correlation began to return, handing those in the trade a great return. The spread is currently approximately 200 pips, we could see it widen over the coming days and weeks. One should be ready to take positions if we see the spread get to approximately 400 Pips.
Long
by unique4x
POSSIBLE SHORT for oilThe level you'd want to take a close look at is the 49.50 mark, short if you see a bearish signal. If Price goes UP and breaks through the +/- 51.00 mark (key resistance), then the +/- 60 level should be next. If price goes DOWN and breaks through the +/- 45.40 (key support), then it could go down to the 43's. Reasons for short: - RSI overbought. - Latest high was step 5 in Elliott wave - 0.618 fib level - Demand for oil isn't really meeting supply as oil producers are trying to benefit from a rise in prices.
FX_IDC:USDWTIShort
by Beerus
1
Looking for signal to short this bloody equity rally?I have a solution. Use the moving average 50 period low. Check the 4h chart on US30. Insert a 50 period moving average low. Insert support and resistance lines. You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong using this signal. In the current rally, the MA50 has acted as a support EVERY TIME (along with upward trend). A close below this line will be a good time to sell based in historical patterns. A close below the upward trending black support as well will confirm selling signal. We are approaching historical resistance and I'm expecting the price to fall below the MA50 soon - probably this week. The rally has taken many scalps. Don't be cannon fodder. Trade wisely. There are many fundamental reasons why this rally should end, I feel that this rally is purely technical.
FX:US30Short
by maccabean
2
Nice Correlation Trade Between GBPJPY & USDJPY Is Setting UpA nice correlation trade between GBPJPY and USDJPY is forming. The two pairs are currently trading with a spread of 550 Pips, the widest spread since the end of January. Our algorithm is giving a 79% chance of GBPJPY coming in and a 74% chance of USDJPY rising. With that said we will be going Short GBPJPY at market and Long USDJPY at market. NO STOP will be set, with correlation trades you need to set a mental stop based on your risk profile to your overall equity. These two pairs are +90% correlated BUT the volatility levels vary with GBPJPY being approximately twice as volatile as USDJPY. With that said you GBPJPY position size should be smaller than your USDJPY position size. Some traders may believe that Shorting GBPUSD is the same as taking the correlation position which we are recommending. Nothing can be further from the truth! Several reasons: 1) The correlation trade includes JPY and it's economy. How the U.S. economy reacts to the Japanese economy at times will differ from how the U.K. economy reacts to the Japanese economy. 2) The correlation trade greatly reduces directional risk. Either of our positions could work out for us to make money. We could be dead wrong on one pair while the other gives us a profit of more than the pair we are wrong with. 3) The GBPUSD position is all about directional risk, just like any time you place a trade in one single pair. Barring any strategy, indicator, algorithm, etc....a trader has 50/50 odds with a directional trade. NOT in a correlation trade! Here at Unique Forex we pride ourselves in being the World’s first “Virtual Forex Trading Floor” where we will turn ANYONE that trades with us into a profitable trader fir FREE! That’s right…for FREE! All you need to do is to fund your own trading account. Unique Forex has a team with 40+ years combined trading experience and with our proprietary algorithm we significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our Virtual Trading Desk check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope @unique4x
by unique4x
Look For Further Downside In EURGBPThis pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room to breakdown before going short, look for the pair to take out 0.76800 before taking action. Here at Unique Forex we pride ourselves in being the World’s first “Virtual Forex Trading Floor” where we will turn ANYONE that trades with us into a profitable trader fir FREE! That’s right…for FREE! All you need to do is to fund your own trading account. Unique Forex has a team with 40+ years combined trading experience and with our proprietary algorithm we significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our Virtual Trading Desk check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope @unique4x
Short
by unique4x
USDJPY Holds, Focus Turns To Long SideSaw a spike to 111.04 low ahead of rebound to regain 112.00 level. The long lower wick suggest recent decline is stalling and a correction to retrace the recent sharp selloff from the 114.87 high now in focus. Lift over 112.310 will see stronger recovery to 112.80 then 113.38 to 113.60 area. Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Long
by unique4x
Retail Sentiment Is Hinting At Further Weakness In USDJPYThe ratio of long to short positions in the USDJPY stands at 2.22 as 69% of traders are long according to a survey of retail traders at several brokers. Yesterday the ratio was 2.21; 69% of open positions were long. Long positions are 4.3% higher than yesterday and 5.8% above levels seen last week. We use these statistics as a contrarian indicator to price action, and the fact that the majority of traders are long gives a signal that the USDJPY may continue lower. The trading crowd has grown further net-long from yesterday and last week. The combination of current sentiment and recent changes gives a further bearish trading bias. We will look to Short USDJPY with a break of the 20 Day Low of 110.960, we suggest looking for a break of this low by at least 5 Pips. Look for targets of 109.700 & 108.000. Stops should be set using 1x or 2x ATR of 125 Pips. Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Short
by unique4x
EURUSD Declining Below 1.1000Declining below 1.1000. • EUR/USD has broken hourly support at 1.1070 (04/02/2016 low) and is now holding below it. The short-term technical structure still suggests a further bearish move. Hourly resistance lies at 1.1139 (19/02/2016 high). Expected to decline. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640 (11/11/2005 low) is likely to cap any price appreciation. The current technical deterioration favors a gradual decline towards the support at 1.0504 (21/03/2003 low). Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Short
by unique4x
Look For A Solid EURCAD Short SetupLook for a short trade setup in EURCAD over the next two days, preferably on Feb 22nd around 13:00 GMT or Feb 23rd around 17:00 GMT. Price should stall out around the 50% Fibonacci retracement which coincides with the 3rd square root from the most recent low of 1.51402 set on Feb 18th. Should EURCAD run up to these levels it could stall out presenting a nice short opportunity around 1.55274. A stop of 231.0 Pips, the average true range, could be used as your stop, more aggressive traders may want to use a stop of 1.5x to 2x the average true range. After getting short look for a move back down to 1.53230 - 1.52600 area yielding a solid return. Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Short
by unique4x
9
Let's See If 1.10700 Can Hold For EURUSDMonitoring support at 1.1070. • EUR/USD keeps on pushing lower. The short-term technical structure suggests a further bearish move. Hourly support at 1.1070 (04/02/2016 low) has been monitored. Hourly resistance lies at 1.1260 (10/02/2016 high). • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640 (11/11/2005 low) is likely to cap any price appreciation. The current technical deterioration favors a gradual decline towards the support at 1.0504 (21/03/2003 low). Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Long
by unique4x
Expect Volatility In USDCAD As Oil Is The Big QuestionStrong volatility. • USD/CAD has been very volatile over the past few days. A bearish bias is still favored. Current price action is following old downtrend. Hourly support is located at 1.36392 (04/02/2016 low) and hourly resistance can be found at 1.3911 (16/02/2016 high). Expected to see further rebound. • In the longer term, the break of the key resistance at 1.3065 (13/03/2009 high) has indicated increasing buying pressures, which favours further medium-term strengthening. Strong resistance is given at 1.4948 (21/03/2003 high). Support can be found at 1.2832 (15/10/2015 low) then 1.1731 (06/01/2015 low). Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com If you want to join our trading team check out www.unique4xpro.com Also follow us on all of our social media: Twitter @unique4x Snapchat @uniqueforex Instagram @uniqueforex Tune in to our daily live market insight @ 4:30 p.m. EST on Periscope and Meerkat both @unique4x
Short
by unique4x
A Solid Correlation Setup Between NZDUSD & AUDUSDWe have entered a correlation trade between AUDUSD and NZDUSD this evening. The weaker than expected inflation numbers in New Zealand is causing the Kiwi to selloff while the Aussie hangs strong against the US Dollar. This news has given us an opportunity to go Long NZDUSD while Shorting AUDUSD. The current spread is approximately 120 Pips on the hourly chart. In the past week any time we've seen a spread widen to 100 or more pips it eventually narrows back to 0 pips as the pairs come back into correlation with each other. The pairs have been 70% - 90% correlated during the past year, depending on the timeframe you analyze. Our algorithm is currently an 82% chance AUDUSD pulls in while giving us an 65% chance that NZDUSD rebounds in price. Please keep in mind this is not the same as entering into a Short AUDNZD position as one must account for the third economy introduced in this correlation position, the US Dollar. The US economy (therefore the US Dollar) may react to the New Zealand inflation numbers differently than the Australian economy. Also keep in mind, a correlation trade greatly reduces our DIRECTIONAL RISK. To us it really doesn't matter if we are right or wrong, which way the pairs move, because ounce the correlation narrows and gets back on track close to 70% - 90% we will have a nice profit on our hands. Here at Unique Forex we combine our team's 40+ years of trading experience with our proprietary algorithm to significantly enhance the trading experience. Utilizing the two, we are able to offer some of the most powerful research on an array of currency pairs. Here you will get all of our research on some of the more popular majors like the EURUSD, but if you would like to get access to the rest of our research head over to www.unique4xpro.com
Long
by unique4x
Ready To Monitor EURUSD Resistance at 1.1387Ready to monitor resistance at 1.1387. • EUR/USD keeps on pushing higher. Hourly resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further increase. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640 (11/11/2005 low) is likely to cap any price appreciation. The current technical deterioration favors a gradual decline towards the support at 1.0504 (21/03/2003 Low).
Long
by unique4x