JD_FX

JD_FX Updated 

It's going to be a quiet day in the UK today as it's a bank holiday and I reckon the markets are going to be subdued in anticipation for NFP on Friday. That said, I have placed a 34 pip short on GBP. - Stochastic is indicating some momentum, but not loads hence why a short trade. - Histogram on MACD is showing reversal - MACD line and the signal line are...

JD_FX Updated 

Some volume coming in as the lead up to 14:00 Stochastic is indicating a potential reversal in the market, however, I think it will be short-lived and just a retracement in the overall downtrend. Price has crossed the moving average on the Bollinger bands

JD_FX Updated 

Following the trend in a support/resistance channel on Eur/Chf K & D band on the Stochastic Oscillator have just crossed on the one hour chart which should indicate a sell signal MACD not showing any signals, but this is a small trade so it might not effect the indicator too much Just 20 pip move in the support/resistance Large bearish type hammer at 6am

JD_FX Updated 

Candles indicating a reversal. Doji followed by a strong bearish hammer MACD line has crossed the signal line GBP has been trading at the top of resistance

JD_FX Updated 

GBP trading at the top of a 3 peak resistance 7am candle signalling uncertainty Stochastic signalling over bought market Brexit talks today likely to be negative as no progress has been made on negotiations

JD_FX

Price is at the highest has been since February Stochastic is showing an overbought market Placing trade before London traders get online MACD is indicating there might be a potential reversal

JD_FX Updated 

USD/JPY has just reached a weekly high, whilst the chart is now showing some uncertainty as the CB Consumer Confidence report annanoce meant is shortly released at 15:00 GMT. Given the current economic climate and most countries have recessed, I think the general expectation is likely to be a a negative report, meaning the $ may suffer. This coupled with the...

JD_FX Updated 

I have closed my long position on GBP/USD as I feel the market has gone as high as it can before the Fed's speech today. Potential reversal of the market indicated by the stochastic oscillator and the MACD. 4hr Chart showing uncertainty with the last 3 candles

JD_FX Updated 

EUR has lowered its way to a 4hr support line and now potential to reverse. Stochastic is indicating an oversold market. 6am candle showing a bullish hammer 7am candle opened higer

JD_FX Updated 

- Potential double bottom formed on the 1hour chart and a W shaped formed - 4hour chart indicating a reversal pattern as there is a bullish hammer showing and the trend is sitting on a support line - volume has driven the 7am candle higher than the previous 2 other 4hour candles showing there is an appetite for bullish market - 2 TPs set inline with previous price...

JD_FX Updated 

- Stochastic is indicating the market is overbought - USD is currently at resistance - MACD indicating the market may reverse - I have set a moderate Take Profit as the usd/cad market moves relatively slow and I want the trade to close out in a day

JD_FX Updated 

Looking for 2 potential TPs from this long... GBP was quiet overnight in the Asian session and has shown little momentum. - The chart looks like a potential buy opportunity for when the European session opens up. - MACD is currently crossing the signal line - Stochastic is near the centre line and showing indecision in the market - trend is currently sitting on a...

JD_FX Updated 

- 4-hour chart showing doji - Stochastic is showing the market is overbought and now entering momentum - MACD line is crossing the signal line signalling a change in direction - No volume has come into the market yet to push momentum - Strong sell signal

JD_FX

USD/CHF has shown little momentum throughout the Asian session and looks like its ready to make a move higher or lower. - Bearish morning star forming on the 1hour chart as we move into the 8am candle - MACD line crossing the signal line - Stochastic is showing indecision in the market - My guess here is this will be a sell as the market has been buying in the...

JD_FX Updated 

- bottom of an oversold market after yesterdays sell-off - stochastic showing overbought - MACD & signal line are crossing - candle just started becoming bullish... maybe a bullish engulfing candle

JD_FX Updated 

After a small climb yesterday, the chart is potentially indicating a reversal. - Stochastic is showing the market is overbought - Macd signal line has crossed the macd line 2TPs set, once TPhas been hit I will set a trailing stop for TP 2

JD_FX Updated 

- Price is now at the top of the resistance line - Candles are indicating a uncertainty and possible direction change - Signal line is moving towards crossing the MACD line - Histogram is weak and potentially going to turn bearish - Stochastic Oscillator is showing an overbought market I have split the trade into 2 with two TPs which can be seen with the yellow...

JD_FX Updated 

Possible continuation of short 6am hammer candle indicating fear of downside GBP at the top of resistance on day chart for 48day channel