capitalpropertiesfx

capitalpropertiesfx

H&S pattern in this pair and it seems to be in progress. Target is fairly far - around 1.14. I'm interested to see what happens around 1.1140/60 area.

capitalpropertiesfx

Kiwi finally managed to break the trendline and is looking rather bearish. However, a re-test of the trendline is very much possible as it carried quite a lot of weight.

capitalpropertiesfx

Nothing new in that pair except, the inner trendline seems to be holding the price so far and it has been rejected couple of times in the last 24 hours. In itself, this is nothing special but if we should see a break of the "outer" trendline, then things could get real and a correction higher might hold a bigger chance. Time will tell. Watching this one closely.

capitalpropertiesfx

This triangle shouldn't be a suprise to anybody because it is perfectly visible on H1 and H4 and that fact makes things extremely dangerous for both bulls and bears. Buy & Sell Stop orders are placed and everyone are waiting for the structure to break but that creates a high probability for a fake move - meaning that the first break-out of the triangle might not...

capitalpropertiesfx

Pound opened higher after Mark Carney from BOE gave an interview during the weekend. Usually gaps get closed in FX markets but I do suspect that this gap here could stay open until we're done with the upside. As I mentioned yesterday (see related chart), i'll be looking higher and ideal target would be around 1.69

capitalpropertiesfx

USDCAD is a buy. Bigger timeframes are pointing to the upside and a good area for new longs should be around 1.0810 level. Main thing to watch is the weekly trendline.

capitalpropertiesfx

Pound has been on a steady decline for 6 consecutive weeks and that does not happen very often. Another spike lower cannot be ruled out but a small correction is definitely in the cards. I would personally like to see Pound back near the 1.69 level to consider a short position. From current levels I'm only looking for possibilities to buy.

capitalpropertiesfx

Price broke the weekly trendline but found buyers from a fairly decent support area and now is pushing firmly higher. Ideally, I would like to see a re-test of that trendline very close to the absolute highs or a clear failure near the Short-term resistance to look lower. However - the double top there is something that annoys me, since I do not consider double...

capitalpropertiesfx

We've reached an interesting area and the chances are that this one may bounce higher from here to correct that recent sell off. Stop Loss area for this one is a bit tricky as another spike lower cannot be ruled out but the support area is strong and, in ideal world, it should hold.

capitalpropertiesfx

Kiwi has reached an important milestone on its attempt to cover some recent losses. If we should fail here, then the upward trendline will most likely fail and a bigger decline can begin. Hence - here and now, is the key moment.

capitalpropertiesfx

Even though yesterdays rally in this cross had nothing to do with EUR strength, I still favor the upside in short-term. Possible target area is also an are where I'd look for possibilities to short again.

capitalpropertiesfx

Not much to add here. No doubt we are sitting on a very strong support levels but in the same time, EUR is under huge pressure, so the current area may break eventually without anykind of meaningful retracement. In the same time - we should not forget that nothing moves in a straight line, so a violent push to the upside, to scare the shorts a bit , may happen as...

capitalpropertiesfx

I don't like that pattern but I cannot ignore it either. On Daily we might be forming a Head and Shoulders pattern but the Right shoulder is definitely not ready yet, so, most likely price will consolidate there a bit longer. In general, this pattern is extremely tricky to trade and the possibility that it fails in the end is fairly high. Hence, I would use...

capitalpropertiesfx

Not much to add here. Consolidation is the name of the game and price has reached a very dangerous area again. It could go either way from here...

capitalpropertiesfx

Eur is pushing lower and firmly erasing all the gains from Friday. Recent price action looks rather weird to be honest, especially on the hourly chart. The "micro" downward channel, which from the distance doesn't seem to have any significants at all, holds perfectly and shows no signs of weakness what so ever.

capitalpropertiesfx

As you can see - this pair is testing the trendline again and is clearly in a downtrend on weekly&daily bases. However, I wouldn't not like to short that one here as the trendline has been tested quite many times and its value is questionable. But if we should see a break to the upside, I would really be intereted in the area between 1.6100&1.6200.

capitalpropertiesfx

Ideally I would really like it higher to short the pair but currently it looks very heavy, so it is questionable if we'll ever reach that area. Nevertheless, that is the plan I'm trying to implement.

capitalpropertiesfx

This pair has been causing a lot of headache for many traders, simply beacuse the rally stopped suddenly and since then we haven ranging in a fairly small area. However in bigger picture, this pair remains bullish and the uptrend is perfectly intact. Furthermore, when we look at the fundamentals of US and Japan, then more upside seems inevitable.