Trader_97

Trader_97

EURUSD JUMPED PAST THE RESISTANCE AT 1.0788 AREA YESTERDAY AND EXTENDED ITS GAINS SLIGHTLY FOR THE DAY WHEN THE FEDERAL BUDGET BALANCE CAME IN AT LATER , CURRENTLY STILL TRADING ABOVE THE 1.08 AREA AND AT 1.0808.PRICES STILL BELOW THE 100 DAY SMA AND 50 DAY EMA .WE BROKE ABOVE THE T.L RESISTANCE FROM 2ND OF NOVEMBER 2015 YESTERDAY AND POSTED A HIGH AROUND...

Trader_97

AFTER A SHARP MOVE LOWER ON H4 TIME FRAME LEAVING BEHIND A STRONG BEARISH CANDLESTICK I'M LOOKING TO ENTER A SHORT HERE WITH A STOP AROUND 1.3296 AREA.THIS IS JUST A SHORT TERM TRADE IDEA. IF WE GET A CLEAR BREAK AND FOLLOW THROUGH BELOW 1.3240 WE COULD MOVE FURTHER DOWN TO 1.3224-1.3216 AREA.A CLOSE BELOW THAT LEVEL AND THE MOVE COULD EXTEND ALL THE WAY TO 1.3184...

Trader_97

AFTER A FAILURE TO CLOSE ABOVE THE 1.0788 AREA RESISTANCE YESTERDAY EURO FELL AND THE SELL OFF CONTINUED TILL WE REACHED THE 1.0670 AREA WHERE WE HAVE A MINOR SUPPORT.EURO REACTED TO IT BY POSTING A DECENT BULLISH CANDLESTICK AND NOW SHOWING A BIT OF FOLLOW THROUGH AS WELL.CURRENTLY TRADING AT 1.0714 AREA.BEARISH TREND CHANNEL REMAINS INTACT AS WELL THOUGH THE...

Trader_97

AUSSIE LOOKING TO TEST THE RESISTANCE AT 0.7074 AREA.A CLOSE ABOVE THE AREA SETS THE PAIR UP FOR A TEST OF 0.7118 AREA.PRICES CURRENTLY TRADING AROUND 0.7058 AREA AND WE ARE STILL QUITE BELOW THE MOVING AVERAGES.NEAR TERM SUPPORT IS AT 0.7022 AREA.IF WE BREAK BELOW THIS SUPPORT AREA AND OUT OF THE TREND LINE SUPPORT COMING IN FROM 4TH OF SEPTEMBER 2015.CHANCES ARE...

Trader_97

USD/CAD STALLED AROUND 1.3316 AREA AND PERHAPS HAS FORMED A NEAR TERM TOP AROUND THE AREA.CURRENTLY TRADING @ 1.3270 WE HAVE SOME MINOR SUPPORT BELOW @ 1.3252 AREA.IF WE BREAK BELOW THAT AREA WE MAY HEAD FURTHER DOWN FOR A TEST OF 1.3192 AREA SUPPORT.PRICES ARE STILL WELL ABOVE THE 100 DAY M.A AND 50 DAY EMA.SO THE TREND HERE IS STILL BULLISH ALSO OUR SHORT TERM...

Trader_97

AFTER LAST WEEKS HUGE DECLINES WE ALREADY KNOW THAT THE BEARISH TREND IS SET AND ONLY GOING TO RESUME ONCE RETRACEMENT HAS RUN ITS COURSE BUT WHAT ARE THE BEST AREAS TO ENTER THIS SHORT POSITION ? WELL IN MY OPINION SINCE WE ARE CURRENTLY STILL HANGING ON TO THE SUPPORT AT 1.5026 AREA WE WOULD ONLY NEED TO BREAK ABOVE 1.5106-08 AREA TO SEE A RETEST OF SUPPORT...

Trader_97

I CANT SEEM TO FIND A LOT OF HISTORICAL DATA IN THE CHARTS BUT THIS IS HOW I SEE IT ALL SIGNIFICANT TIME FRAMES ARE BULLISH & WITH LAST WEEKS CLOSE AT 14.15 AREA.THE PAIR ONLY LOOKS LIKE IT NEEDS A CLEAR BREAK ABOVE THE 0.5% EXPANSION LEVEL TO CONTINUE TO RALLY HIGHER.WE MAY SEE IT SLOW DOWN AROUND THE 0.618% LEVEL IF THIS SCENARIO COMES INTO PLAY HOW EVER A CLOSE...

Trader_97

CLOSED LAST WEEK @ 4708 SO IT'S STILL ABOVE THE MINOR SUPPORT AREA @ 4692 .... LOOKS LIKE A GOOD OPPORTUNITY TO GO LONG FOR A SHORT TERM TRADE TILL THIS BROADENING WEDGE REMAINS INTACT.STOP CAN BE PLACED @ OR UNDER 4660 AREA WITH TARGET OF 4738 - 4782 AREA'S COMMENT AND LET ME KNOW WHAT DO U GUYS THINK OF IT ? ^_^

Trader_97

AFTER RUNNING INTO RESISTANCE AT 48.30 AREA AND FAILING TO BREAK HIGHER WE ENDED UP FORMING A TOP AND FELL ALL THE WAY DOWN TO 44.08 AREA.CRUDE MANAGED TO FIND SOME SUPPORT THERE TO HANG ONTO AS WE CLOSED WITH A DECENT UPRIGHT HAMMER FORMATION.WHICH IS PERHAPS A SIGN OF AN EARLY BOTTOM AS THE PRICE HASN'T COME INTO CONTACT WITH THE SUPPORT T.L FROM AUGUST 24TH...

Trader_97

After consecutive blows Euro has finally reached a point where we have broken out of the support area's and we will now be seeing them act as resistances If we are to retest those area's.After closing @1.0736 last week Euro/$ has broken out of the medium term trend channel which started from March 2015 has finally reached conclusion with a strong breakout last...

Trader_97

Last week we closed around the 382 mark.We may continue to trade in 350-398 range if we don't have a clear breakout .Minor Support levels are (1) 353 (2) 334.50 and minor Resistance levels are (1) 396 (2) 404. We got pretty close to the 0.764% Retracement level last week but found support above it slightly.Prices still trading above the 100 DAY SMA & 50 DAY...

Trader_97

We broke out of the trend line support coming in from Oct 1st on 28th of Oct.After a bottom formation there we headed higher and retested the 1.5494-1.5508 area.For Short term trend seems to be sideways and is still intact , support lies @ 1.5368.Currently trading above the 10 day EMA and slightly below 15 day SMA.Breakout of the trend line resistance from August...

Trader_97

Prices still trading well below 10 day EMA and 15 day SMA.Major bearish trend still intact .Current H4 candle close above support trend line area shows a possible retracement move higher within this triangle.Break above 1.0966 area and 1.0974-1.0988 area could come into play. SMA resistance currently @ 1.0994 . A close below 1.0920 area puts support @...