adriel.arrasmith

adriel.arrasmith

Over the weekend we gapped into the area of 110.5 where we have trendline resistance, previous structure and the .618 fib level. I got short at 110.4, which I closed out earlier. I am now short again at 109.8 with a stop at 109.99. Expecting further downside. Check out some of my finance articles including one I just wrote about a Forex hedge fund @ anyhows.com

adriel.arrasmith

USOIL is at a major trendline from a year ago and the .618 fib level of the last major leg. Also, two pin bars have formed around this area. Also, the USDOLLAR is weak across the board after the rate hike. Technically, we have a MACD crossover, a cypher pattern on the daily chart, and then a rejection of the 8/21 with a bearish pin bar. Finally, USDSEK, which is...

adriel.arrasmith

USDCHF broke the major area of 0.995 as well as the 200 ema. Also, seeing many break outs across the board of USD selling. The next area of support will be the fib areas of 0.964-0.967. Then onto around 0.95. Selling at 0.993 and a stop loss above 1.002. This trade offers at east 3.5 to 1.

adriel.arrasmith Updated 

The USDOLLAR has broken out after rejecting a major area of resistance and subsequently lowered the value of the NZD across the board. I've been watching this develop for sometime after seeing the wedge pattern and divergence as well. I am long at 1.489. Stop loss is 1.479. Targets the 1.58 area and maybe further. A potential of 10:1 on this trade.

adriel.arrasmith

I'm expecting the USDOLLAR to move up across the board. NZDUSD and COPPER is already setting up to drop and AUDUSD will follow. Also, from a technical perspective were very oversold on the daily, 0.77 is a major area of resistance and we completed a cypher pattern on the daily. Stop is 0.77. Targets 0.716 possibly.

adriel.arrasmith Updated 

Sell at 116.450 Stop loss is 117.460. Targets at least 111.

adriel.arrasmith Updated 

We just broke through the 200 ema and key area of 0.995. Now targeting 0.95 for starters. Entry is 0.989 stop loss is 0.997. Trade offers a 5:1 risk/reward.

adriel.arrasmith

Sell EURUSD. Target open.

adriel.arrasmith

Selling USDCAD at 1.31250. Stop loss is 1.32050. Targets 1.27-1.275 then possibly lower.

adriel.arrasmith

USDJPY rejected a key level today at 116. We sold at 115.5 as we expect 116 to be the last area of resistance in this bullish run. Target is 111.2-110.8 then possibly lower.

adriel.arrasmith Updated 

I've been expecting the dollar to turn and come back down. I think it's finally coming looking at the overall picture metals, oil, and bonds. Also, The NZDUSD has negative divergence on the daily and is holding the big level of 0.70. The USDCAD also closed as a bearish engulfing pattern today, which suggest NZD/AUD strength. I'm expecting a move to 0.748 and then...

adriel.arrasmith

Currently, we're holding the uptrend line from 3/15. Also, expecting dollar weakness to continue after the election rally. Long targeting 1.082 as the first target.

adriel.arrasmith

Recently, the EURAUD held a huge level at 1.41 putting in a pin bar. We are also currently diverging on the daily time frame and holding this recent downtrend channel. We also just completed a C leg of a potential bat pattern that completes around 1.478, where we have a trendline and also the 200 ema. The AUDUSD is clearing out multiple levels of support and we...

adriel.arrasmith

Limit order sell on USDJPY @ 108.780. Stop loss 109.780. 1st Target is 105.5. 2nd target is open. Risk 2% and offers a potential profit of 6%+.

adriel.arrasmith

Targets 105.5. Then down to 100.

adriel.arrasmith

Long again targeting 1.285. Stop loss 1.24420. The USDOLLAR is at resistance right now and the GBPUSD is still within this triangle pattern. Also, recently we just had a 8/21 ema crossover, which points to further bullish momentum.

adriel.arrasmith Updated 

Targeting 15. Should be a good one

adriel.arrasmith

The NZDUSD just broke thru the 2016 trendline/0.71 support. Looking across the board metals have alslo been selling off with more room to go. Based on the fib extension we should see a move to 0.69 then 0.675 as the next target.