VIP_Trading_Technologies

VIP_Trading_Technologies

See the purple path drawn. I'm expecting price to move similar to that before the next big move of the USD. Reasons behind my idea are that USD is now retracing against most pairs and then with new FED policy and stimulus could have a major impact in favor of the greenback. Chockdee fellow traders :)

VIP_Trading_Technologies

Yesterday was a clear engulfing bearish candle and we went down as expected. Today we have a candle with rejection from both ends showing uncertainty. I would wait a bit before opening any position to make sure that I am on the right side.

VIP_Trading_Technologies

After bouncing several times from 1.07 area and failing to break out, it looks like bulls will drive the price to 1.08400 to 1.08600 area as forecasted few weeks ago. Let's see what happens from here.

VIP_Trading_Technologies

Look at the big bold blue line. Last candle shows an important rejection from the top so it all points to continue this way and put BEARS in control. I remain BEARISH on this pair with a target of 1.116.

VIP_Trading_Technologies

I think we need to hit the target at 1831 area before deciding the next move. We hit 1823 only...

VIP_Trading_Technologies

I am bullish on the long run but last candle shows a rejection from the top, so bears seemed to control the session and that may continue on the next session.

VIP_Trading_Technologies

We closed today's session with an engulfing bearish candle and therefore we should expect further drop from here, always with caution due to current global geopolitics. Today's API data has shown another drop on stockpiles but a pretty significant increase in Gasoline. Let's wait for a more reliable data from EIA to confirm market moves. We could be developing...

VIP_Trading_Technologies

I was expecting to hit 1.2489 before bouncing up again but instead price is moving sideways on a very tight range, a clear sign of uncertainty. On the long run I'm bull on USD.

VIP_Trading_Technologies

It went straight to the target at 32.200. Still some chances of further fall to 31.800. Possible bounce at this level before resuming the downtrend. Cheers.

VIP_Trading_Technologies

As predicted in my earlier chart we just hit the resistance and immediately pulled back from 69.60 to low 69. That strong pulled back and the current volatility took me somehow by surprise. I was expecting a bull run and a gap up but that was far beyond my imagination. Price run is due to Ida Storm mainly and the USD losing ground against most pairs. Bulls will...

VIP_Trading_Technologies

The long call was really good but today's FED comments made people to seek safe haven such as CHF and Gold. Let's see if it holds the support at 1.07. SL at cost already, peace of mind :) I would love to see a new bounce from current levels, let's see what the big fellas want to do. Cheers

VIP_Trading_Technologies

After FED comments and USD losing ground against most pairs, it all points to a continuation of this recovery to 1.19 area. On the long run I'm still BEARISH on this pair, but if you trade by steps it will most likely keep going up to 1.19. Bears need to retest 1.1704 again but it looks unlikely with current market mood. Possible bullish inverted HS pattern...

VIP_Trading_Technologies

After trading off the resistance trendline it all points to a continuation to 1830 area. As long as the greenback (USD) keeps losing some ground against other pairs, it looks like people will go long on gold. Be careful though as if you analyse FED words in depth we could be on the verge of a reversal in the coming weeks. Bulls will look to clear out 1830 and...

VIP_Trading_Technologies

1.3845 seems to be the target for bulls and bears will look for a possible triple bottom. I'm more inclined for a GBP recovery and to retest once again the resistance trendline of the descending channel. Long term is a clear buy in my opinion, so buying on every dip seems appropriate.

VIP_Trading_Technologies

I think we need to hit previous support at 69,60 to 69,90 before any possible correction. Bulls are in control with a stunning recovery after hitting 61 at the beginning of the week! Heating situation in Middle East, mainly in Afghanistan and its neighbours such as Iran and Pakistan are causing anxiety and uncertainty over oil market in the region. On the bear...

VIP_Trading_Technologies

Around 8 time at least it hit the support trendline of the ascending channel. Target was achieved earlier than anticipated and now it all points to correction off bounds to 1.2489 due to demerit of USD mostly after FED comments in Jackson Hole Summit.

VIP_Trading_Technologies

As I always say, I like to share my ideas whether I was right or wrong. This time it looks like the idea was off by quite some pips and it all points that will continue falling towards the support trendlines detected. I still believe on the upcoming big movement of the USD against most pairs due to the stunning recovery of the US economy compared to other major...

VIP_Trading_Technologies

So far the call has been quite accurate. Let's see if we can hit the 50% fibonacci correction around 31.200 to 31.800.