$EURUSD has been bearish for 5th of May 2014. this bearish is expected to find the strong support area @ 1.3575 area. The possible pattern is Bullish Gartley and Bullish Shark Pattern. if this support area can hold, my 1st bullish target will be around 1.3795 and next will be 1.3950 level.
Scenario #2 if AUDUSD breakout below 0.9200 support AUDUSD short on pullback to 0.9200 pivot zone If it breaks below 0.9200 decisively, 0.9200 should act as resistance zone. Look for pullback to 0.9200 to enter short position Short AUDUSD 0.9200 SL 50pips TP 0.9080
Scenario #1 if AUDUSD bounce up from 0.9200 support AUDUSD short on rally Strong support zone at 0.9200. If 0.9200 support level holds, and AUDUSD rallies upward to 0.9330-40, look to enter short positions here. 0.9330-40 is a resistance zone & 61.8% FIB retracement. Short 0.9330-40 SL 40-50pips TP 0.9200
With ECB most likely doing a rate cut & negative deposit rate in June, it is sell rallies mode until the next ECB meeting in June. Sell EURUSD at red resistance zone 1.3650-70. Target profits at green support zone 1.3500 & 1.3300. Short EURUSD 1.3650-70 SL above 1.3700 TP1 1.3500 TP2 1.3300
Now that the EURUSD has closed previous lows and the rising trend line I am looking for a pull back to resistance to initiate a short position.
A short squeeze will be on the cards the closer we get to the ECB announcement and/or immediately after the announcement. I firmly believe you do not do extreme measures with stocks at all time highs. They will do enough not to be laughed at by the markets and this may include the negative interest rates but they will leave a lot of powder dry and i suspect a ...
Central Banks became market makers and the markets direction is pending on CB's President Statement. Normal market is being made by investors, buyers sellers. Anyway, since the markets is analyzing the statement of European Central Bank officials, all the investors are almost convinced that ECB President will act in line with his statement early this month. On...
The EURUSD is now walking on a thin rope. My technical analysis tells me that it is still a high probability to see a bounce from this area. It is true that fundamentals are signaling bearish. So careful careful careful!! I believe that only a break above the "holy" 1.3730 would trigger a bigger rally, while a drop bellow the 200 EMA would clearly be a bad signal...
Kiwi took a beating along with Aussie during the week. China's PMI might have provided some temporary relief but technical resistance at 0.8613 is likely to push Kiwi down to retest 0.83173 region which was past resistance which gave way, but was not tested for support. This retracement should provide a good opp. to long the pair again. The final target comes in...
I think GBPUSD is entering a range, if not already in a range from a long term perspective. I have given the supporting explanation within the chart. I have also provided a potential short opportunity in the near term, as explained in the chart. This is backed by the Volume analysis done in the linked Futures chart. Do let me know your comments.
I have published a GBPUSD trend analysis daily chart. This futures chart is supporting the analysis published in the other chart.
Well everything is said on the title, but if we do look carefully on the chart, the reversal pattern didn't end yet. MA50 and MA100 are not crossing yet. We caliber MA on a faster period, we are not there yet. USDJPY Pair arrived at a 50% Fibo retracement level. That support level is rather strong. Bellow, it's the 100YEN level which is quite strong as well and...
USDJPY is in a bear channel and downside risk is huge compared to the upside risk. 1st target is 95.68. A close above 104 would be a Buy signal. Keep my short position for now
At this point it is pretty clean and simple. AUDUSD has drawn a Double Top pattern which could signal a steeper drop for the Australian dollar. The price pattern will be confirmed when the price will break the base line. Fundamentals are not that good for Australia. Westpac Consumer sentiment dropped, Iron ore at September 2012 lows, China is not importing that...
This trade idea is a composite of three methodologies. Fibonacci Harmonic price patterns, Institutional Order Flow and Algorithmic trading levels. 1. 4HR Order Block which i learnt from my mentor "ICT". You can expect central banks to place buy orders in this level i have marked in purple. Check out his series on youtube which explains ideas like this (link...
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There is a clear fight between BULL and Bear on the EURUSD Pair. Ichimoku shows that it is 50%-50% with a little favor for the Bear if we do observe initial signals, such as the lagging span inside the cloud and oriented downward. If Bear wins the fight, it is to confirm that ECB is not bluffing, market beleieve in a reaction of Draghi on June 4th. If Bulls...