Forex_Positive

Forex_Positive

USDCAD has not seen 1.2000 since 2009. That's about 5 years ago. I think the market is keen to test this psychological number of 1.2000 soon. 1.2000 should hold and not be breached on its first attempt. Be aware of this trade though. As it is based on weekly time frame chart, its really a big big time frame. On the other hand, if this trade works out well, then...

Forex_Positive

120.70 is tested 3 times since Dec 2014. It should break above it on the 4th attempt. If 120.70 is breached, expect profit taking near 122.00. 122.00 is the yearly high for 2014. BUY STOP 120.70-80 (on breakout) SL 120.10 TP 122.00 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

SNB set the floor for EURCHF at 1.2000 in Sept 2011. For more than 3 years, EURCHF has remain above 1.2000 ever since, and the market has not tested and challenged SNB resolve to hold the floor. With the Swiss gold referendum coming up on 30th Nov, EURCHF is inching slowly towards 1.2000. Would the market finally decide to test this 1.2000 floor? There are many,...

Forex_Positive

BOJ surprised the market with an expanded QE program to increase the Yen's monetary base. In the long term, the bullish run in USDJPY should continue towards 115.00. However, all vertical rocketry price movements must eventually return to earth. I think there should be strong buying interest around 109.60-110.00. This is the 38.2% FIB retracement level and prior...

Forex_Positive

0.8050-80 is the pivotal support/resistance zone established since March 2012. Look for this zone to be respected again if there is a rally to re-test this level. Short NZDUSD 0.8060-70 SL above 0.8100 TP1 0.7900 TP2 0.7700 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

Alright traders! This is the weekly chart of EURUSD. And i see a massive bullish cypher forming. This bullish cypher is about as big as it could possibly get. Long EURUSD 1.2460-70 SL below 1.2400 TP 1.2700 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

Alright traders! This is the weekly chart of EURUSD. And i see a massive bullish cypher forming. This bullish cypher is about as big as it could possibly get. Long EURUSD 1.2460-70 SL below 1.2400 TP 1.2700 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

How the mighty has fallen!! From the lofty heights at 1.7200 to the current levels of 1.6000. A fall of 1200 pips within 3-4 months. There could be a technical rebound around 1.5720-30. This is the 61.8% FIB retracement level and also a prior support/resistance zone. Long GBPUSD 1.5720-30 SL 1.5660 TP1 1.5850 TP2 1.6050 ===== www.ForexPositive.com Twitter...

Forex_Positive

SCENARIO #2 IF BEARISH NZDJPY As a trader, we have to anticipate and play both sides. We have to consider alternative scenarios. Instead of a bullish scenario, we are thinking of the bearish scenario. What if 85.50-70 fails to hold as support? In this case, we would short when 2 conditions are fulfilled. A) 85.50-70 support is broken downwards decisively B) Wait...

Forex_Positive

Scenario #1 IF BULLISH NZDJPY NZDJPY pivotal support/resistance zone at 85.50-70. This 85.50-70 zone has held as support or resistance since Dec 2013. There are 2 ways to trade this. If you are bullish NZDJPY, then buy in anticipation of another rebound up from this zone. Long NZDJPY 85.50-70 SL below 85.00 TP1 87.00 TP2...

Forex_Positive

GBPJPY breaks up above 175.00 ( the green zone) on 17th Sept. If GBPJPY pulls back to re-test this support/resistance zone 175.00, look to enter a long position. This is also the 50% FIB retracement. Long GBPJPY 175.00-10 SL 174.50 TP1 177.00 TP2 180.00 ===== www.ForexPositive.com Twitter @ForexPositive

Forex_Positive

Gold nearing the 88.6% FIB retracement level. There is strong support at 1180. Long GOLD 1200-05 SL 1170 TP1 1240 TP2 1280 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

2 possible support zones on the daily chart, 105.40-50 & 104.00-10. Long USDJPY 105.40-50 SL below 105.00 TP 107.00 OR Long USDJPY 104.00-10 SL below 103.50 TP 107.00 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

This is the 400pips inverted head and shoulders pattern on the daily chart. The neckline support is around 0.9070-80. Look to enter long at neckline and 50% FIB retracement. Long AUDUSD 0.9070-80 SL 0.9000 TP 0.9200 ===== www.ForexPositive.com Twitter @ForexPositive =====

Forex_Positive

After September ECB meeting, EURUSD drop about -250pips in 1 day. I think this is the last major capitulation selloff. EURUSD is way oversold, and a bounce up is imminent. Looking to enter long for a bounce up from the 88.6% FIB retracement. Profit target levels are the 2 resistance zones 1.3100 and 1.3300. Long EURUSD 1.2890-1.2900 SL 1.2850 TP1 1.3100 TP2...

Forex_Positive

Clearly defined support/resistance zone in EURJPY around 136.00 level. 136.00 has held as either support or resistance since May 2014. There is also another interesting chart pattern developing. And it is the inverted head & shoulders formation. Right now, EURJPY is trying to form the right shoulder. Sometimes, right shoulders take a long time to form. Because...

Forex_Positive

AUDJPY has tested 96.00-50 zone since April 2014, for more than 4 months. It has finally broken above this resistance zone. Any pullback to 96.00-50 should hold as support zone and became a buy zone. I am looking to buy near the lower end of the support zone, which is the 38.2% FIB retracement, of 95.90-96.00 Long AUDJPY 95.90-96.00 SL 95.50 TP...

Forex_Positive

AUDJPY has tested 96.00-50 zone since April 2014, for more than 4 months. It has finally broken above this resistance zone. Any pullback to 96.00-50 should hold as support zone and became a buy zone. I am looking to buy near the lower end of the support zone, which is the 38.2% FIB retracement, of 95.90-96.00 Long AUDJPY 95.90-96.00 SL 95.50 TP...