Really liking this AUDUSD chart. First the nice red channel downtrend, followed by the blue upwards chart : our first sign that price was possibly rolling over to the upside. We had a couple resistance rejections (red line) but no follow through to the downside... There's a new channel developing : the green one. Notice that the RSI dipped into deeper oversold...
USDJPY is floating in a large band between 103,5 and 101 since JAnuary 2014. It was an easy trading. Around 103 you short and at around 101 you go long. After BoJ announcement of the tightening of the monetary policy, and the tappering, the balance and the swing would have been almost the same with a rising trend in favor of USD. But there is a new situation...
For a few weeks I was writting about the Trend of EUR and making some daily updates sinceApril on twitter and since I am a member of tradingview. Therefore to recall, since Early April , The first part of my trading plan was to enter a long on EURUSD from 1.37until 1.40. We didn't arrive exactly to 1.40 but 1.3990XXX And then, the move down with a...
Risk Reward ratio on this setup is 4.54. I think it's worth a try to enter long for now.
GBPUSD is in the midst of an uptrend, but has pulled back to a major trendline where it is forming a doji candlestick pattern. We also find a previously established horizontal support level and the 50 SMA in the close vicinity. As such, I think now is a good time to enter, as this might be a level bulls will step in to defend. I've set my entry to 6685 with my...
As I said in my last analysis, there are some bullish signals here. For the moment I am glad I waited and didn't short at breakout bellow 1.3600. I thought it would be a false breakout, and for the moment I avoided a loss. I really hope it will move higher....Did you go short?
As you can see in this elliott wave count, since 2009 an structure that presumably could be an zigzag due the small retracement after the first five was completed, had been developing. The complex part is the C)) wave which is forming as a diagonal. There are several possibilities for the count of this last piece, but any of them lead a down side movement. If...
With the clear statement of ECB President Dragji stipulating that ECB was carring about negative inflation and was seeking to reach its objective of 2% of inflation, June 4th may the date were ECB could announce a 0% rate policy or even a -0.25% which would mean decreasing by 0.50 base point the interest rate. Market have understood and bought the idea....
EURUSD dropped down for a while, so there is a pullback in near term.
The pair has ground lower over the past few sessions but at present doesn't look likely to break further. With RSI already oversold the expected push lower may have to wait until we get a fundamental driver to cause a break lower. A break and close of 1.3590 should open the path back down to 1.3480 initially.
I know that we all shout that the Euro is doomed to fall because of the new monetary policy that the ECB might adopt on 5th of June. But I will keep my eyes open for a break above the upper line of a Falling Wedge, and above the 200 ema on a 60 min chart. There is enough time for a corrective move before falling again. EURUSD has a very good support at 1.3600/10,...
AUD/USD 4HR SupplyZone Trading - Short This is trade I am watching for the AU. I know the chart is a 4HR but the Supply Zone was picked from the 1HR Chart. Looking to short at the TriggerLine @ .9330 with a 1:1 RR for 50pips This SupplyZone is between the 50% & 61.8% Fib levels and I did some research on the web and found out there are possible institutional...
Some possible support between 1.3400 & 1.3750 ? back towards 1.3800 and then sell it short again. Perhaps maybe. How do I get my "Reputation Score" up? Please give me a thumbs up when this chart works, and if you can tell that my past charts have worked. They're working for me. Thanks.
Price is at the 200 EMA and the 50 SMA, a level that also happens to be a support level established previously -- most recently in early April. At this confluence level, we are seeing rangebound price action developing. I'm viewing this as a sign that accumulation could now be occurring once again on AUDUSD. As such, I've put an order to go long at 9215, with my...
The Euro has reached 1.3670 and spiked up last hour. A break bellow 1.3640 could trigger a fall back to the previous lows.
The round has been won by those who thought that ECB will intervene, and mechanically EUR loose ground against USD. ECB either intervene next June 4th by lowering interest rate or announcing a QE and EUR will continue to loose ground against USD and the phenomena would face an impetus when FED raised its interest rate, or if it keep its schedule with regard...
Sentiment in NZD/USD is mixed with sellers keeping preassure from one side and buyers interest from another. Recently it dropped its 50 EMA first time since February and series of lower highs gives me feeling that it could resolve to downside. But I will be watching for biunce off of support at 0.85000-230. If sellers want to keep control they should not give up...
Where will the balance of power weight??? EUR or USD? Well, on this weekly chart, on can clearly see that we are at an oversold level, therefore, there might be a little technical correction to come. however, ECB has created a clear expectation in the market and everyone is expecting a clear announcement from the ECB President next 4th June. This could be a 0...