capitalpropertiesfx

capitalpropertiesfx

No doubt - Pound is well bid and higher values are probably coming. One short-term setup is the H&S which points towards the upward trendline, which itself is very close to 1.7100. Only problem is that the H&S is very visible, too pretty if I may say so, and sometimes that is enough for the setup to fail. Hence - a small SL is a must here!

capitalpropertiesfx

Not much to add here. Everything is on the chart. As we are against the highs, don't rule out another small pullback 0.8740 area today. In bigger picture I'd say the current highs don't stand a chance and we will see higher values very soon.

capitalpropertiesfx

This pair looks like a good candidate for a nice RR range trade. I would really like to see this one near parity before considering a position. As this support is from the weekly chart it should provide at least a small bounce higher. Time will tell. Watching this one closely.

capitalpropertiesfx

I'm looking for this pair to keep on heading higher towards 1.3670 without really testing the upward trendline. That would be ideal. However, if price comes back to test it again, all is not lost, as long as it holds of course. As price action is extremely slow, spikes must not be ruled out (in either direction).

capitalpropertiesfx

The last leg to the downside in EURCAD looks rather interesting and in terms of EW, the whole move might be a simple ZigZag. I'm looking for higher values but before making anykind of decisions, I would like to see what happens if (and how) we reach the Area of Interest.

capitalpropertiesfx

I'm really interested to see what happens now. There is a chance that we broke the resistance to upside, however what makes things a bit fishy for the bulls is the fact that we had no follow-through. Price is just consolidating again and that could harm the bullish momentum. As long as those two upward trendlines stay intact and act as supports, I will remain...

capitalpropertiesfx

USDJPY is still trading inside this annoying range. However, for all most a month, we've been trading above the 50% line of that range, which might be a hint that the pair wants to go higher eventually. The key resistance is probably around 103.00 area and key support lies some where close to 100.90.

capitalpropertiesfx

Very interesting setup in this pair and it looks very bullish to me. I suspect the fall of Key resistance is only a matter of time right now and will probably see values above 1.37000 in the end of this week.

capitalpropertiesfx

Not much to say here. Possible triangle in progress. measured move should take us close to 0.8800. Invalidation is clear. Safe play would be to wait until upper trendline is broken to the upside.

capitalpropertiesfx

This pair has been under double pressure from EURUSD and USDCAD but this might end very soon as we are approaching a major support area, which from a technical perspective, should be enought to provide @ least a minor jump higher. However, as this is a Daily chart, price could start consolidating in the support area, which means that it could time some time....

capitalpropertiesfx

It is hard to find the right words to describe the importance of the coming weeks for USDJPY. We have reached an area where major moves have begun in the past and quite likely, it will be the same this time. Right now it is almost impossible to say which direction will be the right one but we should see a solution very-very soon. At current levels it would be...

capitalpropertiesfx

I'd say this pair is @ crossroads and soon will make up its mind, which way it wants to go. Right now, both bears and bulls have equal chances to turn this situation in their favor and Mondays PMI's should help to make that decision. As there is very little US data next week, the PMI's might the key data to shape the price action for the week. Time will tell.

capitalpropertiesfx

USDCAD sold off sharply and reached a very interesting area. I would like to see if we get bounce higher from current levels and if we do, then how far. Watching this one closely.

capitalpropertiesfx

It seems we might have a Head and Shoulders pattern in AUDCAD. Even though, I do not really like to trade this pattern, I suspect that this time it might even work. Price action is bullish on bigger picture, we broke the downward trendline to the upside and re-tested it. And on top of that, the recent low @ 1.0055 area was formed above previous resistance. Looks...

capitalpropertiesfx

Euro found some bids during/after the FOMC press confrence but unfortuantely it didn't take out the 1.3665 area, which I consider to be extremely important for bullish outlook. As price is hesitating we might turn lower instead and revisit those two support lines. Right now it is difficult to say what might happen as market is probably digesting yesterdays news....

capitalpropertiesfx

FOMC is behind us and so far, USD bulls are disappointed because Ms Yellen didn't sound as hawkish as was hoped. Hence, USD is moving lower for now and USDCAD looks ready for a new low. I'm not looking to sell this pair but instead I would like to see how price reacts in the Area of interest (marked on the chart). I suspect we might bounce higher from there but...

capitalpropertiesfx

The pair has been trading in a very narrow range and we have created logical stoploss areas on both sides for short-term positions. When the volatility kicks in and price starts to spike, we could take out both sides easily before going anywhere at all. Price action in the last 9 hours has been bullish and it might be somekind of a sign of positioning for the...

capitalpropertiesfx

The pair broke out of a triangle yesterday and is very close to finish it's measured move. What happens after that becomes very-very important. If we move past the measured move Target, I'd say we might have a bullish case into the FOMC press conference. But if we turn around and come back quickly towards the support, I'd say the market is positioning for lower...