This pair is closing in, and it is getting ready for a breakout. It is expected that the AUD will be getting stronger, but sometimes expectations aren't met. Price and the RSI are paired up right now with the converging pattern. A break up is a long signal and a break down is a short signal.
There may be a small wedge taking place in the CADJPY. The CAD is still gaining strength, and the EMA's crossed up. This pair has a pretty good reputation with EMA's crossing, so I personally will buy this after a 15 pip drop.
The hour glass has come! Something will happen by tomorrow. If it breaks up, long, if it breaks down, short. Simple is that. we should be targeting about 70-100 pips this round
We see a wedge with this pair, but with the more long term support, and the change in the head of the Reserve Bank of Australia, we could see a rise. If the pair breaks above the wedge, it has support, and will continue to run, maybe up to 2.0. If the pair goes below the wedge, then it will also have to go below the long term support, which means we are in for a...
There is a bearish channel currently, so 2 things can occur. Most likely, the pair is going to drop, because of the price rejection on the upper channel line. The second outcome is for the pair to break the line and go up. It shows that the short option is the better option to go with. A safe play would be to short, target 50 pips, and then close. If the pair...
Considering that the EUR is getting weak, and the CAD is getting strong, this pair is ready to go down due to economic strengthening and weakening. There is some strong resistance, and some boxes where the pair highly rejects the price. Wait for a spike in the 1 hour candle, and then a short position should be established. Targets go from the lighter lines to...
These spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle. If the price closes above...
I see a spike, and the EUR is supposed to be getting weaker. Be expecting a drop of 60 pips
Looking at a 1 hour chart, there are great things going our way. We see that the ADX shows very low power, and that the pair will make a big move soon. Since the ADX shows power being built up, we need to look for which way the move will be. The MACD shows downward momentum, and there is also divergence in the MACD. Take a look at the RSI. There is also...
The AUD has been weak, and the NZD has been strong, which has caused this drop. We could be expecting retrace to the 50% line, especially considering that there is divergence with the MACD. Also, we have an upside down head and shoulders, so there are lots of things pointing towards a 2-5 day ride up.
The USD is finally starting to show its strength for this week, and should continue to force this GBPUSD to go down. This pair dropped quite a bit below the emas even though they haven't crossed yet. This is doing what the AUDCAD did about a week ago. This pair should roll back up to catch its breath, and then drop. I expect it to run up to 1.4605, and then drop.
The Euro has been very strong lately. As shown, it is in a zone that has not been highly favored for the past couple of weeks. I believe that 3 things could happen here. 1. The pair quickly drops out of the red zone shown on the Fibonacci. 2. The pair runs up and tests the 1.15 line, then, with divergence on the MACD, the pair will drop over 150 pips. ...
ADX with a low signal, Divergence with the MACD. The ANN Strategy might also show a buy signal. If that happens within the next 24 hours, the USDCAD will fly. I expect to see it run up 100 pips in the next 2 or 3 days, and if the ANN strategy shows a buy signal, and the EMA's cross, with the Dollar outlook being strong, this pair should run a good 200-300 pips....
According to the divergence, this pair should be ready to drop soon. We see so much going our way right now. There is divergence in the MACD and RSi. The ADX shows low power, so it will be making a move soon. Also, the ANN strategy is showing that a short signal is coming up. There is a slight resistance line at .7734. The EMA's are getting close, therefore,...
EMA's are about to cross again, and the ANN strategy showed earlier that it was setting up to go up. The very likely target is at 1.34, and then it may head up to 1.36. From there, anything could happen, so I am sticking with a quick trade, hoping to make those 35 pips in a couple hours. I also have this set up as an OCO bracket. Let's see what happens
I see a long position on the NZD USD from the ANN strategy, and the signal is below the 40 EMA and below the 110 EMA, which leads to high probability of the pair going up. Also, I see a slight divergence in the MACD. High power will occur soon, as shown by the ADX, and the MACD shows upward movement. There are 2 indications going our way. I suggest to buy a...
The ANN strategy is playing the EMA's. It shows a short signal above the 40 EMA and the 40 EMA is above the 110 EMA. 2 Things could happen here. 1. The price retests 86.2 and then heads downwards. 2. The price just heads down to where the 110 EMA is. I say only short 1/3 contract at that level because that is where the price will hit 95% of the time. Save the...