This is a swing trade of a few weeks to months. With our fundamental view we are looking for entry opportunities preferably pullbacks for better risk reward opportunities. 1st entry: 87.530 Stop loss: 88.700 1st target: 82.300 area (1:4.5 risk:reward) 2nd target: 75.000-75.500 area (1:10.5 risk:reward) If stop loss is taken out, then we will look for top of...
Price is coming up to the 200 moving average and a 17+ trend line dating back to July 2014. Fundamentally, US raising rates and the Kiwi might be looking at cutting rates and at best staying neutral.
The Fed hinted to raising rates 4 times in 2016 while the Kiwi might be looking for some cut in the next 2016. Fundamentally and Technically, we are taking the odds on. Remember, no one knows what the market will do. If you can swing the odds slightly in your favor with sound money management and thirst for knowledge, you can beat 95% of traders out there, ...
As our analysis for possible Kiwi cutting rates in the coming year and BOJ standing on the sidelines for now. We are anticipating JPY strength in 2016 thus will accumulate position on rallies. Daily close above 83.800 will invalidate our outlook.
With possibility of further easing from the ECB and the BOJ staying put, we might see more EURJPY weakness in 2016. The current target is our first target with more possible weakness if it breaks the 130.00 area support.
Major trend line break and close below the 200 moving average.
If you believe these low prices are not sustainable. It is great for the consumer but for the big firms, it is not great and lets face it, It is the shareholders and profits who come first and not the consumer. And at these prices, the big boys are hurting. So if that is your few, This 6th touch of the trendline could be your other opportunity to be long or add...
Rally in WTI as anticipated in our previous posts attributing to USDCAD weakness.
Aussie carving out what I call "three steps" one lower than the other. After the rate announcement, price ticked up to recent "three steps" zone and that would be a good place to take the odds on if you had a bearish view of the Aussie. I waited for price to come back inside the trend line drawn from the top of the last "three steps" with stop loss just above...
Just like WTI, Gold is also sitting at long term support going back to 2013. If it rallies from here, it is a nice risk:reward play (almost 1:6) With sound money management and waiting for prices to get to levels where your possible risk:reward is greatly enhanced is the name of the game. We can also have price break below and extend further losses. Its not...
Retracement back into Long Wick candle. Entry at pullback into recent range breakout @1.3710-1.3705 www.tradingview.com Stop: 1.37600 Target 1: 1.36300 Target 2: 1.34300
If you are thinking of going long and accumulating long positions, this might be a good area to start. Price has touched Support 5 times dating back to beginning of the year. This might not be a full blown rally back to $60 range as fundamentally the news is not very bullish with the mild winter season and record OPEC production. But this will set you up to...
15min Timeframe entry on our bigger premise of the 4H timeframe.
Adding to previous position @ 0.66400 on the pullback to resistance level for continued rally to October High range of 0.68400-0.68800 area which also coincides with Trendline going back to July 2014. Keeping stop loss very tight on this one. Range Highs and 200 DAY Average is also at the target levels.
Fundamental and Technical lining up for NZD strenght.
4th time touching a descending trend line making a 4th lower high.
sell opportunity. close above 1.33 invalidates ABC correction pattern. Looking to sell into strength. 1.31200-1.31400 range. A possible 1:5 risk/reward trade.