Im shorting GBPJPY with the weakness of the pound. Also Nikkei shows a huge divergence and a double top. If the JPY strength plays out this will be a strong move down.
Time for some downwards correction of the USDCHF pair. DXY also topping.
GBPUSD went into an uptrend after it broke the January/February downtrend range. (Post-SNB funtimes) In 1 hour BOE Gov Carney can bring us some further good news, like the BOE delivered recently allready. Like in my USDCAD chart I mention here that in 6 hours from now Fed chair Yellen speaks as well. If that is no strong news for USD we have a nice long on our...
The last month USDCAD ranged in a triangle from which a possible down outbreak is coming. BOC Gov Poloz, (14 hours ago) had some good news for the CAD, which can be seen in the chart. In 6.5 hours Fed Chair Yellen has to bring up something for the USD or the trend should be clear here. Once technicals and fundamentals align we can take a strong trade :) I will...
Easy to trade channel - if no news interrupts it ofc!
Entry/Stop is just a suggestion Targets line up nicely with fib levels Good luck & have fun :)
Potential short should confirm in the next hours after market opening.
Two good trade opportunities if this scenario plays out. If you have any comments please tell! Doge
My Trade: Put the S/L few pips over this resistance line and let it ride. Insanely good Risk/Reward in my opinion. Probably a 1-2 month hold for these targets. First Target: 116.36 Second Target: 112.23
This pair has come to a very big trend deciding step. The historic resistance/support area at the 0.88 - 0.89 area is a very important and dominant one. The next 1-3 days should show clearly which path it will go depending on where the closes are on this area. If it fails to break the resistance this time (triple top) the target at 0.868 would only be the first...
EURUSD is setting up for a bigger move either way. The FOMC meeting will probably have a big impact on this decision. The price is generally oscillating in a triangle since late 2008. This would imply more bullish months from here, back up to the downtrending line of Highs. The decider for a long or short will be the next 1-2 weeks as you can see the price is...
NZDUSD looks like it is setting up for a big trend reversal with 250-615 pips target. Everything should be clear from the chart, if you have questions/suggestions please do comment! Regards, Doge
USDJPY daily possibility for a 50 pip short in 2 days in an intermediate uptrend in an overall downtrend. Watch the opening range of NY open to confirm.
USDCAD has failed to stay above the previous high from March 20th 2014. Long upper shadows, bearish engulfing pattern and a Doji is confirming that the bears have taken over. The second resistance, from January 30th 2014, is now also an area where we can see the price can't stay above. The initial move back up on Oct. 22nd was weak and a Doji is following this up...