Technician

Technician

Trade 26: Long USDCAD @ 1.3185 Trade Status: Active S.L 1.3115 T1: 13282 T2: 1.3367 Balance = $29,264 Position size = 1.2 lot ~ 2.5% risk of capital =========================================================================== Reasoning Obviously the trend is up Resistance Breakout and retest Oil under pressure Don't forget to click the Thumbs Up...

Technician

(1) Market Valuation: 4 main measures of market valuation is signalling markets are overvalued Shiller PE ratio for the S&P 500. A well-known measure of market valuation. It is based on average inflation-adjusted earnings from the previous 10 years, known as the Cyclically Adjusted PE Ratio. The Ratio currently stands around 25, more than 50% above its...

Technician

Trade 26: Short GBPCHF @ 1.5175 Trade Status: Pending S.L 1.5260 T1: 1.5060 T2: 1.4950 Balance = $27 914 Position size = 0.8 lot ~ 2.5% risk of capital =========================================================================== Reasoning Head and shoulders top Rising trend line breakout Weekly Horizontal resistance area Don't forget to click the...

Technician

Trade 25: Short USOIL @ 42.85 Trade Status: Active S.L 43.50 T1: 41.85 T2: 40.15 Balance= $27 414 Position size = 1 lot ~ 2.5% risk of capital =========================================================================== Reasoning Main trend is down Retesting latest swing highs and main trend line Copper is breaking lower Don't forget to...

Technician

Hello Friends, excuse me for the recent absence, i was in a break doing some personal stuff.. And happy to be back :)... Looking at the U.S. markets , the DOWI is testing a interesting levels. Latest test of this trend line was in October of last year, here is another retest and some sort of rejection. If we break back above the 52 week average we might retest...

Technician

Trade 24: Long USDCAD @1.3103 Trade Status: Active S.L 1.3080 T1: 1.3130 T2: 1.3148 Balance= $28 394 Position size = 3.0 lot ~ 2.5% risk of capital =========================================================================== Reasoning Quick Scalp long on support level as we are approaching the NFP. If trade doesn't hit target or stop before the news...

Technician

Looking for further upside correctional bias as the price completed a double bottom on the four-hour chart below 94.60-94.50 support area. Followed by a successful retest to the neckline and a rejection bar. Looking for 95.30 to act as next resistance followed by 96.00 mark. Invalidation with a four-hour closing below 94.50. My best regards Technician...

Technician

Australia Employment data is coming in few hours. Interestingly the data comes after the recent bullish breakout we have seen in the AUDUSD, above 0.7340-0.7350 resistance area, and the short term falling channel. The price is currently retesting 0.7350. So the main question is, will the employment data confirm this bullish breakout and complete the technical...

Technician

Trade 23: Short EURJPY @135.52 Trade Status: Pending S.L 136.30 T1: 134.38 T2: 133.40 Balance= $29 104 Position size = 0.7 lot ~ 2.5% risk of capital =========================================================================== Reasoning Within the context of my previous analysis Triangle breakout Horizontal support breakout Don't forget to click...

Technician

Fundamental changes came to confirm a potential bullish reversal, and therefore, I am looking for the bullish trend to resume. RBA was less dovish- more hawkish in its monetary policy statment yesterday Two Main changes in the statment yesterday, compared to last month: 1) A sentence was added about employment: "growth of employment and a steady rate of...

Technician

The Bearish Scenario The cluster of moving averages holds well, and price heads lower breaking the minor rising trend line for the recent consolidation. That would create the right shoulder for this POTENTIAL head and shoulders, and retest the neckline for the pattern. Its too early for further forecast. The Bullish Scenario A breakout above the main...

Technician

Late last week rejection from the 50-days SMA, and minor descending Resistance for the latest bearish wave suggests a potential resumption to the downside. I am looking to short the pair of any upside with the start of the week, target the latest support area around 1.0818 as a first target. Followed by 1.0520 as a longer term target. I will exit only on a break...

Technician

I have been bearish on main industrial commodities like copper and crude for a while.. Here is my view on Copper that i published 18-months and 8 months ago Oil: So what's likely next? The FED is one step close to a rate hike and China's economic outlook remains uncertain. Technically, both commodities are correlated.. Copper remains in a strong...

Technician

As clear on chart, the price has been in a down trend for the past few months. forming consistent lower highs and lower lows.. First Scenario: At the moment, the price is retesting the descending resistance for a falling wedge pattern , so far its holding and no bullish breakout. The price also faces 0.7080 horizontal resistance. I see a potential for another...

Technician

Just outlined some potential key support and resistance levels as I see them. They may or may not be accurate. Check them out they might be handy.. My best regards Technician Subscribe to my trading portal thefxchannel.com

Technician

Trade 22: Long USDCAD @1.2915 Trade Status: Pending S.L 1.2815 T1: 1.3055 T2: 1.3300 Balance= $28 000 Position size = 0.65 lot ~ 2.5% risk of capital =========================================================================== Reasoning Breakout above previous major swing high within the context of a long term trend Retracement towards the broken...

Technician

NZDUSD has formed a shooting star candle (a rejection candle) at the main descending resistance(trend line) and the horizontal resistance at 0.6695. These combination of technical factors suggest a short trade according to my approach. Looking for a target near the previous lows at 0.6500. My best regards Technician Subscribe to my trading portal thefxchannel.com

Technician

Update 2: Target reached. Profit= 2x$8x69= $1104 Balance= $29104 Update: Moved stop to breakeven. =========================================================================== Trade 21: Long AUDNZD @1.0918 Trade Status: Active S.L 1.0880 Tgt 1.0987 Exceptionally, this trade will have one target. Balance= $28 000 Position size = 2 lot ~ 2.5% risk of capital...