ChEtg

ChEtg

With the AUD central break being bullish and neutral on a potential Rate hike we have seen investors removing positions on JPY as they are finding more attractive areas to put money now that their are a few central banks hinting at potential rate rises with investors getting in early to price these in CHF JPY has been consolidating in a Triangle pattern and broke...

ChEtg

As you can see Bearish Looking move on NZD JPY on 30mins with possible H and S developed, it is now retesting the Neckline - expected further downward movement. Expecting NZD to be weak on the back on NZD Central bank being worried about knock on effect of the currency strength on their export demand

ChEtg

GBP and JPY both saw some gains last week, JPY based on the Dollar weakness from inflation data on Friday. It has been consolidating in a range as above since the large move up. Forming a Flag, Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of...

ChEtg

EURO NZD has been consolidating since its downward move yesterday and with Euro being Strong at the moment an upward correction was likely, now confirmation has been given out a Breakout of a triangle, missed the entry at the bottom of the Triangle so sat on my hands and awaited further confirmation. NZD has been overbought for a while and the RBNZ s getting...

ChEtg

Inverse H and s has formed on the daily chart on AUD NZD - We have seen a break of the neckline - along with a Re-test no expecting more Bullish movement within the pair. Could go as far as 1.0750 before a pullback then a continuation on to form a HH and touch the 23.6 Level on the Fib. Longer term aspirations could see it through to 1.0920 These two central bank...

ChEtg

CAD is now in a sell zone on some weekly and monthly resistance, we are starting to see evidence of rejection in this. Picking up a range of support and resistance. Sell from the top of the Flag and if their is a breakout then you could look at a Longer term Downside move. If BOC fail to lift interest rates this week then you will see a Large Bearish move back...

ChEtg

NZD long have been at record highs epecially last week so expecting it will have a pullback this week due to being overbought and not being much value for money at the moment for investors when other central banks are looking at potential ate hikes could cause investors to take profits now and move liquidity else We had a Downward move down to strong jobs data in...

ChEtg

Last week EUR USD failed to make a higher high on the back of positive Jobs data produced by the USA - although long term I remain bullish on this pair I would be expecting this to Retrace between 1.1250-1.1300 before continuing in the normal trend. It would be looking at test previous resistance and where trend line is respected to encourage the buyers to come...

ChEtg

So this trade has a conflict when looking at it for a long or short Bias for the week - It has broken out of a Bull flag on the weekly last week but is Strongly approaching a Sig Level on the Monthly Timeframe Both economies have been relatively weak in terms of currency strength due to safe haven and commodity prices failing. On the smaller timeframes this sits...

ChEtg

Flag formation has been formed on EUR AUD over the course of this year and Finally broken out last week.(bottom of Flag Pole started in Feb it hit its top range before consolidating down. you can see clear rejection on the 38.2 of the Fibonacci Level upward move from same date as Flag pole was formed. We saw a break out and a retest of the Flag and has...

ChEtg

With Safe havens Dropping in Value across the globe this includes oil A big reduction on crude inventories failed to convince the Bears to turn into Bulls in the Market. With Russia unlikely to agree to further OPEC cuts along with a number of other countries the world supply isn't going down at a fast enough rate. also people are finding more attractive...

ChEtg

As explained in previous post I am expecting to see a bullish pound and a Break of the Key Level which formed a double top earlier in the year. Looking at a Target towards the 38.2 Fib retracement from downward move in AUG 2015 on Weekly Timeframe - Target would be 151.50 Just before the Fib level at 151.70 Safe havens are weakening an expecting further decline...

ChEtg

Thas both fundamental and technical supporting a Long Term Bullish move which I will break down for you Fundamentals - EURO Advanced against all major currencies over the course of the last month but failed to make gains on CAD due to people pricing in a CAD interest rate hike at next weeks meeting. (which I feel CAD are still a couple of months away from one,...

ChEtg

I am expecting to see a huge bullish move on the GBP NZD to the 1.85 level. Broken through the 23.6 Fib Retracement from daily move from 5-12 Top of daily chart. Recent bullish daily candles has seen A break and retest of the 200 SMA moving average which will act as huge support on the swing trade. Crossover of 20 & 200 MA below current price indicates an upward...