capitalpropertiesfx

capitalpropertiesfx

Finally the 0.8800 arrived and after a quick test of that level, Kiwi gave back some gains. As usual if a pair reaches an important level, it tests it and tends to turns around. So, I'd be careful here cause the pullback may be stronger than one might expect.

capitalpropertiesfx

Yesterdays Ivey PMI triggered CAD weakness and we finally got a bounce higher. Next area of interest is slighty above 1.7100. The problem with this move to the upside is that there is little interest for the USD across the board, meaning that if we should get any bad news from the US, this small bounce here could be retraced very fast. So, keeping tight stops is a...

capitalpropertiesfx

I'd say we are inside a range between two strong levels. In bigger picture I remain bullish but in short-term, I wouldn't rule out a test of the 0.92800 area.

capitalpropertiesfx

Suprise, suprise - USDJPY is back near its beloved 102.00 level. It seems that this pair has a very special relationship with that number and once again we are at crossroads. I'd say if the 102.00 stays intact we might push higher towards 102.60/70 but if not then 100.70 would be the number to keep in mind.

capitalpropertiesfx

We are closing in on a former support area from the weekly chart and what happnes when we get there is still a question mark. We could turn around and head back to the 1.7020 area or the price creates a range between 1.7200 &. 1.7350 (approx) and starts to concolidate instead. Whatever the case will be, its seems that 1.7200 has no chance to surivive and probably...

capitalpropertiesfx

Not much to add here. Looking for a possible move higher next week. If 1.3569 support breaks and price re-tests the level, then I'll reassess and consider further downside all the way to 1.3483 area.

capitalpropertiesfx

This pair has fooled me twice in the last couple of weeks, so - shame on me! But nevertheless, I'm still looking for a bounce higher here, around current levels and I remain bullish all the way down to 1.05800. If that one goes, then I might reassess my bullish outlook. I'm not hoping to see any significant move higher today as US markets are closed but next...

capitalpropertiesfx

Kiwi is consolidating above the Median line of the former channel. From here, the pair has to make a decision, either to continue higher to test the upper channel line above 0.8800, or break the Median line and go to the first support area, slightly below 0.8700 level.

capitalpropertiesfx

After yesterdays comments from the RBA, Aussie sold off hard and I suspect that if get a strong NFP then this pair might be the one to travel the most. I'm looking for further downside triggered by the news and I expect it to move fast if the setup proves to be right. It is a fairly risky setup but I like it.

capitalpropertiesfx

Big day for US Dollar and yesterday after ADP-NFP the pair found some bids and has returned to the "Middle range". From here - anything can happen. 102.00 remains a bit more special level than the others. For more detailed view of that pair, please refer to the USDJPY chart I posted yesterday.

capitalpropertiesfx

EURUSD came back to the support level and so far it is holding but it is way too early to draw any conclusions. For bulls, 1.3600 must stay alive, meaning that the price ideally shouldn't even get there. However, don't forget that the ECB is also tomorrow and that may change the whole picture, as they might not be very happy with the current exchange rate. Time will tell.

capitalpropertiesfx

No change in this pair. Still in the range. However, if this beast starts to move at one point, things could get ugly very fast if you find yourself on the wrong side of the market. The current price action (30-50pips ranges per day) is fairly abnormal for this pair as it used to travel quite a lot and the chances are that those days will come back. As far as I'm...

capitalpropertiesfx

We might have a rising wedge there, which means I'm looking for another re-test of the upptrendline. However if the 0.8730 (or even 0.8750) support goes first, then the pair might take a break and correct a bit lower instead.

capitalpropertiesfx

Cable pushed to the Pitchfork median line yesterday and spent the night consolidating below it, slightly above 1.7100 level. What next? If we should see a pullback then I suspect that 1.7040/50 area will act as a support and price may find new bids around that area. If we push forward from here then 1.7220 is the next number that I am looking at.

capitalpropertiesfx

We might have some sort of a triangle in Aussie. Measured move would take the pair above the recent highs @ 0.9460 and close to 0.95000

capitalpropertiesfx

This pair has managed to trick me couple of times lately but, nevertheless, I'm still looking for it to find bids and start pushing to the upside. Current levels have offered support and resistance in the past and I suspect we will see at least some kind of consolidation around here.

capitalpropertiesfx

This pair has enjoyed its downtrend for months and so far I haven't found any good clues to claim that the trend might be changing. However, we have reached an area which I consider to be a strong support. I don't except a turn here in bigger picture (not yet at least) but we might see some kind of consolidation here between 0.8000 & 0.8100.

capitalpropertiesfx

Euro ended the week inside the key resistance area, which in my opinion is a good sign for the bulls. If we should break that area in the beginning of the week we might have a good chance to see values around 1.3730/50 area fairly quickly. The reaction around 1.3720/50 is crucial for the pair. If we should fail there, then a trip back to 1.3650 area is very much...