Technician

Technician Updated 

Hello friends, sorry been busy recently haven't had a chance to post. (I post quick ideas on twitter while being away here, you can follow me there @thefxchannel). This is my trade on the EURAUD, looking for bullish resumption for the latest bullish wave after the recent pause and pullback. I have three targets, first aiming to get a quick trade. Second for more...

Technician

I initiated a short on AUDUSD on friday after the initial upside spike. The price has shown multiple rejection of long term falling trend line. Meanwhile, it is forming a rising wedge reversal pattern. I see big potential to the downside, but as usual, i have a quick short term target and a longer term one. All my ideas are just my personal view. Trade Your own...

Technician Updated 

I have shorted NZDCAD on the retest of 0.9330 broken support-turned-resistance today. Inline with my previous analysis for the pair. All my ideas are just my personal view. Trade Your own view. I have no incentive to post if i don't get enough support from you. Likes and comments Appreciate your support.. You can SKYPE me at : Technician - The Forex...

Technician Updated 

The price hit main daily resistance and was rejected. I am looking for a move lower in the short term. First target at the 38.2 retracement for the bullish wave, which aligns with prior swing low and support.. Second target at the 61.8 retracement. All my ideas are just my personal view. Trade Your own view. I have no incentive to post if i don't get enough...

Technician Updated 

I think NZDUSD is likely to selloff in the coming days. The price hit previous major highs and resistance area but failed to sustain and was rejected noticeably. We hit the upper side of the rising channel, meanwhile, RSI is showing a negative divergence. I placed a sell limit order around 40 pips away, for a better risk reward. The retails sales numbers are...

Technician Updated 

Unlike most of my trades, this trade is mainly based on fundamental analysis. I am looking for a final confirmation to short next week as we approach the RBNZ decision, where i expect an interest rate cut and more dovish signals from the bank. Meantime, I expect crude oil to correct higher in the short coming period, and that may support the canadian dollar. I...

Technician Updated 

Shorted as we hit resistance and shown rejection. 61.8 retracement level around that area. Tight stop above prior high. All my ideas are just my personal view. Trade Your own view. I have no incentive to post if i don't get enough support from you. Likes and comment. Appreciate your support.. You can SKYPE me at : Technician - The Forex Channel My Regards,...

Technician Updated 

Strong rejection within the upside pullback. The pullback is also taking the shape of rising wedge. Shorted aiming for a quick trade hopefully. All my ideas are just my personal view. Trade Your own view. I have no incentive to post if i don't get enough support from you. Likes and comment. You can SKYPE me at : Technician - The Forex Channel My Regards, Technican

Technician Updated 

Short term trend is down. The price is retesting the broken rising trend line shown on chart. In addition to the short term falling trend line for the bearish wave. I have shorted a small amount. Be careful of the high margin requirement and spread for the pair. All my ideas are just my personal view. Trade Your own view. I have no incentive to post if i...

Technician Updated 

The price broke above 1.4790-1.4800 resistance but retreated to settle back below it. We are seeing a retest now of this resistance and a rejection. All my ideas are just my personal view. Trade Your own view. I have no incentive to post if i don't get enough support from you. Likes and comment. You can SKYPE me at : Technician - The Forex Channel My...

Technician Updated 

I shorted GBPNZD earlier as the price showing renewed downside pressure after hitting prior swing low and resistance. Within the context of the downtrend. It is just my view. Trade Your own view. I have no incentive to post if i don't get enough support from you. Likes and comment. You can SKYPE me at : Technician - The Forex Channel My Regards, Technican

Technician Updated 

The price opened higher this week but found downside pressure again. Earlier last week we Hit resistance and rejected. Bearish divergence on Stochastic. It is just my view. Trade Your own view. I have no incentive to post if i don't get enough support from you. Likes and comment. You can SKYPE me at : Technician - The Forex Channel My Regards, Technican

Technician Updated 

I am short AUDUSD as the price hits key resistance level AND being rejected. It is just my view. Trade Your own view. You can SKYPE me at : Technician - The Forex Channel My Regards, Technican

Technician Updated 

Looking to short copper near resistance area of sideways trend and descending resistance shown on chart. It is just my view. Trade Your own view. I have no incentive to post if i don't get enough support from you. Likes and comment. You can SKYPE me at : Technician - The Forex Channel My Regards, Technican

Technician

A simple trade using a harmonic three drive and RSI. Entry for the trade has already gone. But it could be useful to point to the setups and conditions around it, because it provide a great example of combining high probability technicals to initiate a trade. The price provided a great shorting opportunity after completing a three drives pattern around 1.0770...

Technician Updated 

I see some good downside potential for gold in the near term as the price has completed a bearish breakout below key support levels. If we break back above 1350 this scenario will be threatened. It is just my view. Trade Your own view. You can SKYPE me at : Technician - The Forex Channel My Regards, Technican

Technician Updated 

Miss you people. EURGBP has completed a short term downside breakout. Looking for a move lower in the near term. It is just my view. Trade Your own view. My Regards Technician

Technician

forecast outlined on chart. thefxchannel.com