capitalpropertiesfx

capitalpropertiesfx

Tomorrow is big day for US dollar and by looking @ Cable (+ other major pairs as well), I lean towards bearish outcome from the FOMC presser(bearish for USD). So far Pound has been extremely bullish against the greenback and the fact that ahead of such an important event, Cable refuses to give back any gains, makes me more confident to stay bullish. But of course...

capitalpropertiesfx

Today Euro is looking a bit better for bulls than yesterday. We have broken some short-term trendlines to the upside, but this does not mean that the downtrend is over and not by far. The pair is till very much under pressure and I'd say that the break of 1.3665 area would be the first solid sign for bullish outlook. Is the German ZEW (if positive) going to take...

capitalpropertiesfx

I truly don't remember when was the last time I traded this pair but today that might change as we have a beautiful Pennant here. Pennant has a measured move and the good part is that the RR with this pattern is always very good. So, short-term setup: looking for higher values. A conservative target on this case would a 50% of the measured move.

capitalpropertiesfx

GBPUSD took out the 1.70 marker just minutes ago and as a result GBPJPY is also pushing higher. I suspect that the possible triangle might be donein GBPJPY and now we could see a solid move higher towards 176.00 area which would line up with the conservative measured move of the thrust of the triangle.

capitalpropertiesfx

I cannot say that I trade this pair often but as Im bullish AUDUSD and fairly neutral USDJPY I thought, I should take a look @ this pair and the structure looks very interesting to say the least. I suspect we are in the beginning of a strong move to the upside to finish the C wave on a higher degree. The invalidation of this count is very clear - price must not...

capitalpropertiesfx

I've been a bull in this pair for a long time and I still am but the price action has been bearish lately and it has been annoying to say the least. As FOMC press conference is getting closer, bearish price action is not a good sign as market may be already positioning for the event. However, I remain bullish as long as we stay inside the upward red channel and if...

capitalpropertiesfx

Kiwi is bullish. Really bullish! Let's take two steps back and look at this pair from the distance. The two correction seem to be related as they are basically equal and if we project the Move 1 to the end of the 2nd correction we get values above 0.9100. But let's be conservatives and use 61.8% instead. Then we get approx 0.8900 which is very close to the...

capitalpropertiesfx

Bulls are enjoing themselves and bears are feeling the pain. GBPUSD jumped higher yesterday evening after Mr. Carney from BOE mentioned that the rate hike may come sooner than expected. In light of those comments, Im afraid that the bears are doomed and we are going for 1.70 and probably higher.

capitalpropertiesfx

AUDUSD is a real beast. Not a single sign of weakness. Last night during the Australian Employment data we had a beautiful re-test of the former resistance lines. We touched it once and so far the price has not looked back. I suspect we are going to take the highs and possibly even test the 0.95000 figure. Time will tell.

capitalpropertiesfx

EURJPY has been under heavy pressure this week as EURUSD sold off and USDJPY is slowly drfiting lower. As of now we are testing a hugely imortant support area. However as FOMC is next week, I remain slightly bullish on the pair simply because this support is too important to break it before such an event. Though, I wouldn't rule out a false break before going anywhere.

capitalpropertiesfx

Today in the evening will see another RBNZ press conference. Rate hike is expected but that might be already priced in, thus making the presser way more important. From the technical perspective we have a possible H&S pointing to the upside + an Equal Legs target. Both end up in the same place, near the 61.8% retracement level.

capitalpropertiesfx

Pound suddenly seems fairly interesting. On bigger timeframes we are in a very rough area which is full of all sorts of support and resistance areas but on H1, things look a bit better. What I like is that triangle which broke to the downside and finished the measured move. Of course this doesn't mean that we cannot go lower but it gives us a very good resistance...

capitalpropertiesfx

Not much to add here as everything is on the chart. Invalidation level = 1.3488. Though, there is one thing to watch. The triangle can take a lot of time to complete as summer trading conditions are starting to appear. A lot of time = a week or more.

capitalpropertiesfx

EURCAD was probably one fo the biggest movers yesterday and today we have reached an interesting area. Many support levels come togehter here and we might have enough evidence to suspect a bounce higher from current levels. Watching this one very closely to get more clues.

capitalpropertiesfx

I'd say that this pair is at crossroads. A break from the consolidation area could go both ways as we have plenty of good arguments for both bears and bulls. In short-term, I would not be suprised to see further downside but in middle-term I'd say the uptrend is fully intact. Whatever is going ta happen, I am going to stay away from this pair until we move further...

capitalpropertiesfx

Aussie has fooled me quite many times in a row. I was looking for a small new low, before heading higher but of coruse, it didnt happen and now we are challenging the trendline resisrtance. Right now, I'm looking for that resistance to be broken but the time element is important. Ideally we should break the uppertrendline faster than the last move to the downside...

capitalpropertiesfx

Since USDCAD finished the measured move of the triangle we have been drifting lower but there is a chance that this move might be done. We found new buyers near the 1.0800 figure which also lines up with former resistance which now acted as support. As long as we stay above that line, I'd say we have a bullish case, however a real confirmation would be another...

capitalpropertiesfx

Beautiful weekly close for euro bulls. Price rocketed higher from an area which has been a launch platform for major moves in the past and perhaps history will repeat itself. So far it is safe to say that bulls really protected the 1.35 level and left no chance for bears. Next week should show how strong the bulls really are!