EURUSD is very important as we open this new month, sitting on top of heavy support. Monthly RSI is extremely low and beginning to cross over. Support is created by a 61.8% retracement of the long trend ran between 2000 and 2008. A price break below the 61.8% support will indicate a short into the depression of the EUR.
USDJPY is approaching a familiar area in history. December 2005 the pair rejected 121.380, again in February, 2007 it rejected 122.180 lastly in June 2007 the pair turned over after topping out at 124.130. From June 2007 the pair was in a short trend until October 2011 where we found the bottom of the market at 75.376 (4,876 Pip crash).
Playing a daily channel along with a bearish cross of the 13 EMA.
So far this trend is trading perfectly! Nailed all three great entries long on each pull back. It has created a consistent trend line. Enter Long - 118.147-118.069 Stop Loss - 117.76 ENJOY! SHARE! & LIKE PLEASE!
Took USDJPY long @ 117.645. Looking for this pair to break target 2. From their we will have a clear vision on it going long.
Order created to short at 1.12945 with stop loss at 1.3045
GBPUSD waiting for longs to be broke. Once they are confirmed I will update mini fib to find best entry short
Yesterday RPRX received and approval from the FDA. This created a lot of buying volume yesterday... I will be playing a short as everyone is taking their profit and running. I think this will consolidate within the channel and will fail to break resistance and will send this crashing down 20%
$ZGNX Brean initiation report (partial) Future Looks Brighter for Zogenix, Initiate with BUY and $2.50 TP Investment Summary We are initiating coverage of Z, Inc. with a BUY rating and a $2.50 TP. Zogenix has commercialized a controversial product, Z ER, and we believe the market under-appreciates the medical value this product brings to patients and pain-treating...
It seems a lot of us are looking for AUDUSD to drop to the .84's.. well we do too. But I do not see this happening this year. Historically AUD has been the chosen currency that traders buy at the end of the year. I would like to see this pair rise to .88750 - .90823. From there we would take a position short with little to no risk of this going long.
USDJPY has been climbing since July after spending a few months consolidating. We have created a channel back dating to lows and highs of 2012. USDJPY has just hit our 161% fib from 2009. The perfect setup would be for this pair to reach 118.732. From their we would confirm heavy ressistence and be looking for a excellent position to go short.
This list will be updated when I have more time to write a full report. For this week we are looking to take EURUSD long if it can't break 1.27549. It is 23.6% mark on the fib along with past historical resistance level. EURUSD is also at the bottom of our channel. Alternatively if EURUSD bounces off 1.21997 we will be looking and the continue of a wedge formation.
We are looking to continue momentum up for the third contact on the top line of the descending channel line. From there we will take that bearish sign short.