FxKool

FxKool

Euro was gaining bullish momentum after it touched the post-brexit 1.091+ support level. However the pair failed to reach and consolidate above 1.12+ and downtrend resumption may be at hand now. The H1 ascending channel has been yet broken and the expected targets lay between 1.104 and 1.101. Our ultimate target is at 1.0915. We are now shorting from 1.10936 and...

FxKool

EURUSD seems to be trading in sidelines. Literally there has been no serious move since May 19th right after a nice 100 pip drop from the 1.128+ level. If the market had wanted we would have broken the 1.1200 support but apparently there’s a nice demand zone over that area and correction is possible. My short-term target lays at 1.1267/8 which seems quite...

FxKool

EURUSD broke the support at 1.1290 but recovered strongly and now being traded within the 1.13-1.13300 trange. My bias on this pair remains bullish but I don’t think the EUR could do that and head up back to 1.14+ in the medium-term. Therefore I set selling order at 1.1350+ with stop loss at 1.139+. When I was writing this post the EURUSD hit the 1.133 resistance...

FxKool

The currency has squeezed the range thereby the breakout is expected soon. No trades atm as I want it to go up first and then down for a retest. The EUR has found strong support at 1.13573 in accordance with my chart. There’s no large moves since May 6th but that usually happens before the currency soars (or slumps). I am also considering the DXY fundamentals and...

FxKool

Yesterday’s buy signal on EURCHF is running good at the moment. The pair is in quite upside trend now. I first gave it a try last week when it broke the bullish flag upper wedge. D1 charts 1.1038-1.1047 is strong support so we’ve bought again at the retest. I am working only with price action here, no other supporting tools. Franc is losing ground against all of...

FxKool

You remember near-perfect correlation with EURUSD? Frank has been descending since 2015 and still in the channel. It has recently touched the lower edge and bounced off which is quite predictable. The daily hammer candle proves that. We’re now halfway done to 9658+ (the blue highlighted area). I don’t a guarantee a clear road to that upper edge. I am waiting for...

FxKool

The pair dropped significantly after the BOJ announcement but recovered strongly soon aftertwards. Strong support is now at 105.560 and the jpy is heading up to 108. This is gonna be a interesting area as large selling volumes were spotted in there in April. USDJPY is being traded within the downard channel and there's no bullish sentiment until the 111.3+ is...

FxKool

The pair has touched its peak at 1.16138. Frankly speaking when it broke the 1.16 area I thought the road up to 1.173+ was pretty clear but likely the EUR had run out of steam and plunged down over 100 pips. As a matter of fact the pair was growing without any correction last week and during the 2 days of this week. I could assume sooner or later it would...

FxKool

Aussie remains quite bullish. .7600 was not yet broken and currently we're approaching the .7668 resistance area. I do expect dovish forward guidance amid RBA interest rate decision . No cut rate at this point. No need to devaluate the currency as commodites prices go up. But at the same time aussie is among the most overbought currencies. I will be closely...

FxKool

EURJP tumbled significantly but recovered strongly. Current bias: bullish. Target 128.000+

FxKool

The pair is still being traded within the channel. Wait for the .9800. It might be a potential zone to reverse the upside move.

FxKool

Keep an eye on both EURGBP and GBPUSD to pull out a nice long entry.

FxKool

Let me refer back to the yesterday’s upside move. GBPUSD broke my minor resistance and tested the psychological level at 1.44000. Hopefully we closed the day below that price at 1.43976 which is the sort of a sign for the cable to go downwards. The H4 chart has been giving me a short signal but not yet confirmed. I am not a big fan of all those bats, abcde or...

FxKool

The pair has tested the uppoer bound of the descending channel and that may be another call to short the cable. My bias is still bearish as long as we do not breach the 1.44437 level. Don't forget about Carney speech today. My long-term target is 1.409. Fingers crossed!

FxKool

First off I want to say this pair is really crazy. Since February 2016 when it soared amid high iron ore prices it did not have a full-fledged correction yet. Most of the traders shorted the pair all the up to 71 then 72, 73. 74, 75, 76 and now its being traded above 77 and on way to hit 78. But it seems that Australian government is unlikely to favour high aussie...

FxKool

Don't go into details here. Just trade the price action. As you may notice from the graph GBPUSD is being traded in a squeezed range. The pair has been in descending channel since March 18th and perfectly bounced off the tops for 3 times. We could see the 4th time now as long as cable closes below 1.42800. My second forecast is that the pound will reach...

FxKool

Sell below 1.12750. As an alternative scenario the EURUSD may touch the 1.13750 supply zone. Shorts down to 1.11005

FxKool

As of now the pair is in tight range. It's still in the descdending channel but bounced off the lower bound and headed to the upside. We may see a bull flag on other time frames but as long as 96846 is still intact no clear signs of the bullish breakout. The range is squeezing and sooner or later a nice break is expected. Will be buying at the retest of 96846