Technician

Technician Updated 

I have shorted USDMXN friday evening. As the price has broken latest swing low , in addition to the short term rising wedge. That happens within the context of the overall bearish trend that started from January High at 22.037. Short at: 17.8527 -- T1 : 17.6731 -- T2: 17.4557 ---- SL: 17.9495 For more details and all Stats goo.gl Disclaimer: This...

Technician Updated 

GBPJPY has reached a key support of multiple technical levels. - The main rising trend line - The 61.8 retracement for the overall bullish wave - The 1.618 extension for the latest shorter term bullish wave BC - Fisher oversold I am Looking for a bullish bounce. Best Technician

Technician

Copper has managed to establish a bullish trend running for almost a year now. I have outlined on chart the key technical milestones that the price completed. Starting from the symmetrical triangle breakout near the lows, followed by the main falling trend line and finally the completion of a giant inverse head and shoulders. However, we cant ignore that the...

Technician

Not ideal BAT pattern, supported by a clear bearish divergence on Fisher indicator and rejection near prior key highs, all point to a reversal in AUDCHF. We could head to retest the 200-days simple moving average as outlined on chart. A break above the high highlighted on chart would invalidate this scenario. Best Technician

Technician

AUDJPY has completed a double top and rising trend line breakout. Downside bias is likely to continue towards the 38.2 retracement and 85.80 horizontal support. Best Technician

Technician Updated 

Only if we break 1254 key support I will be looking for more. These are the key support levels in the short term for gold. Stop for this scenario could be above 1260. Best Technician

Technician

Hello mates, have been away for the past couple of weeks. Let's get back to charts. GBPUSD could be a short term sell. After the price hit the top of the rising wedge, and Fisher hit overbought, the price turned lower with two decisive bearish candles. We have broken below the rising trend line for the ascending wedge pattern as shown on the daily chart above. I...

Technician Updated 

Short at: 145.30-- T1 : 143.28--- T2: 140.50---- SL: 146.62 Double top formation For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important....

Technician

Jobless claims indicator has been a reliable indicator of recessions. By examining a historical chart that goes back to 1960s we see a similar pattern in the behavior of claims and recessions. Every single recession the U.S. encountered in the underlying period was preceded by a rise in jobless claims. The chart above draws the quarterly jobless claims. The...

Technician

EURAUD Failed to hold below the main rising trend as it bounced back above it after completing an ABCD wave pattern at the 61.8 retracement level for the latest bullish wave. Thats is also near the 200- days simple moving average. The price has also failed to hold below 1.4670-1.4625 area, which was broken earlier. Meanwhile. Fisher indicator is showing bullish...

Technician Updated 

Long at : 129.06--- T: 130.75 --- SL: 128.2 Retest of horziontal support Rising Trend line Overall trend is up For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A...

Technician Updated 

Short at : 112.65--- T: 111.00--- SL: 113.70 Completed a four-hour head and shoulders top in the context of my previous bearish analysis, check the related posts below. For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single...

Technician

This is one of the key chart to watch if you are trading the EURUSD pair. The inverse relation between: -U.S. 10 year yield Subtracted by German 10 year yield (Top chart) -EURUSD (Bottom Chart) A very simple chart that illustrates the inverse correlation between the 10yr us yield and german yield differentials and the EURUSD. if you follow the chart starting...

Technician

For the first time in months, the AUDUSD has managed to close a week decisively above the descending resistance for a long term 1+ Year triangle. The breakout could be an early indication of a new bull trend after one year and a half of consolidation. However, the price has landed at a key swing high and horizontal resistance at 0.7835. Which remains in my view...

Technician Updated 

I have published my overall view for btcusd few weeks ago, I was expecting another upside attempt before a new strong plunge. I still maintain that view, the recent parabolic rise is readjusting, and this is a normal phenomena in the financial markets. I am adding some further technical observation though to this post. If we look back to 2013, we can observe...

Technician Updated 

I placed a pending buy limit slightly below market. Pending Long at : 1.0535--- T: 1.0797 --- SL: 1.0468 This trade is based on my forecast i published earlier. Check idea in related links below. For more details about the trade and all Stats since start of journey (May 11) goo.gl Disclaimer: This is my trading experience, it is not an invite or...

Technician

Long at: 1227 -- T1 : 1240 --- T2: 1256 ---- SL: 1218 Inverse head and shoulders breakout Poor U.S. dollar fundamental For more details and all Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A...

Technician Updated 

Placed a pending short limit slightly above market. Pending Short at : 0.7346--- T1: 0.7254---- T2: 0.7120 --- SL: 0.7401 For more details and Stats goo.gl Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Remember -Never risk more than 2% of your balance on a single trade. And If you are a beginner 1%. -A Single...