SamKent

SamKent

The USD/CAD has been trading lower over the last several sessions, and is now getting to an interesting technical point for us. Breaking down the different time-frames (1D, 4H, 1H) we can see that on the daily the pair has been in a clear bull-trend which at this point in time remains intact. We're currently in a corrective sideways movement, which suggests that...

SamKent

We're looking at a possible breakdown of the descending triangle on the 1H chart, this coincides with the overall trend on the pair. Current projection is a fall to around the 0.73600 handle.

SamKent

The NZD/USD has broken the kumo to the upside on the 4H chart. We're looking to enter long on the break of the current fractal, with around a 50 pip stop at the bottom of the current consolidation zone. Our minimal target will be a 2:1 risk-to-reward, but a significant impulse is liable to push the pair a lot higher.

SamKent

The USD/JPY has broken the long lasting range with a big impulse to the upside on the back of the positive NFP report. We're looking at a high probability for the pair to re-attack the current highs at around the 122 handle. Given that our bias is to the upside, we'd be looking for potential long entries on a pullback to some of the significant levels. We have...

SamKent

The EUR/JPY is looking to be in a bearish momentum at the moment, and we're waiting on the sidelines, we'd be willing buyers on a retrace of around 50% of the overall move, which coincides nicely with a demand area.

SamKent

The EUR/GBP 4H chart is nearing our selling area for the pair. We're looking to enter at a level of prior support, a 50% fib retrace and a descending trend-line resistance. Our initial profit target on the pair will be back at the ascending trend-line support.

SamKent

We have just gotten a classic bullish pin-bar on the EUR/NZD monthly. This pin-bar looks especially potent given it is also a false break of the wedge pattern, for longer-term traders or anyone trading EUR/NZD this month this bullish bias from the monthly chart is worth keeping in mind.

SamKent

The USD/CAD is in rally mode with a recent uptick in the level of volatility. Therefore, we are looking to buy pullback corrections on the pair; we currently have two sets of buy orders, each with their respective stop loss. Entry #1 is more aggressive and would be a shallower pullback in terms of the bull trend. Entry #2 is more conservative and coincides with a...

SamKent

The AUD and NZD 4H charts are looking to possibly form a with-trend entry signal for us. The AUD is failing at a point of previous support around 0.8300, which coincides with the 50% retrace of the latest bearish impulse. Meanwhile, the NZD is failing at the 20 EMA, coupled with the 38.2% retrace of the downwards move. On a close of this nature we're interested sellers.

SamKent

The Dollar is in fresh rally mode, as investors adjust their holdings and positions to the newly announced ECB monetary easing policy. We are currently looking at the USD/JPY as a potential mid to long-term long. If we take a look at the 4H chart, we can spot some of the current key levels for the pair. We have our current resistance at around the 118.800 handle,...

SamKent

For anyone looking to short the pair, it is quickly approaching our shorting area. This is a good time to trade the AUD/NZD far away from all this EUR commotion :)

SamKent

The Yen is looking strong across the board on the 4H charts. We've outlined a couple of lines indicating our preferable areas of buying the yen. We're looking at the CAD/JPY and NZD/JPY for a breakout retest short.

SamKent

The EUR/AUD 4H chart is trading at a sell zone, with a support&resistance area coupled with 61.8% of the latest down wave. Additionally, we're looking at a stochastic cross in overbought territory, if we happen to get a bearish candle pattern around this level we'll be shorting the pair, aiming for the lows at around the 1.40150 handle, with a stop at around the...

SamKent

ANALYSIS IN THE CHART

SamKent

We're following the AUD/NZD ralliying on the 1H chart, looking for it to reach our desirable selling area to serve as a role reversal level. Our general trade outline: short @ 1.07615 stop @ 1.0805 (40 pips) limit @ 1.06315 (130 pips)

SamKent

The GBP/AUD is currently at a point of interest for us as a potential buy-zone. We're looking at: 1. 61.8% retracement of the original move 2. previous Demand area 3. Stochastic looking to cross back from oversold reading 4. trading at the 100 SMA 5. Potential Bullish Engulfing Pattern

SamKent

the EUR/JPY Weekly chart has broken and closed below the kumo on the back of a highly impulsive bearish trading week. This may be a highly significant kumo breakout, given the large amount of time in which the pair has been trading above the kumo, dating all the way back to the beginning of 2013. Additionally, we’re looking at a likely tenkan-kijun cross as...

SamKent

Pair in Downtrend + Impulsive move followed by a correction stopping at 50% + series of small candles and dojis followed by big bearish englufing = short