chastic

chastic

CAD is weakening with slightly disappointing numbers, released earlier this week. EUR was in general oversold, as I see it, yesterday. So on this pair we are nearing a strong support area. I hope it drops to 61.80%, which could result in a more explosive reverse price action. But worth paying attention to the 50% fib retrace and cluster of EMA's. Chikou looks like...

chastic

The AUD still has strength left. It's currently pulling back to a strong support area in between 50 and 61.80% fib restracement. Chikou span is at the low trend line, similarly you see RSI touching support soon. Strong macro economic figures being released from US tomorrow. It might be the catalyst for a breakout.

chastic

NZD is not the strongest currency in today's world. Combining that with a US in full speed ahead, gives you a strong short idea for this pair. It has already tested 50fib which also nicely aligned with a flat part of the baseline. It could indicate resistance. Chikou diving under the cloud, further indication on a short.

chastic

A reverse in between 61.80 and 50 fib could result in a chikou reverse under clouds and confirm a short position. I'm bearish in general on gbp. The macro economics starts to show weakness after brexit, which I believe WILL happen.

chastic

The 50% retracement support have been tested before. RSI and Stochastic haven't hit bottom yet. If the macro economics is going with the stream, it would hit 50% fairly soon, and we'll see if it reverses.

chastic

NZD posted mixed figures yesterday, which continues the downtrend. It is entering my favorite area of fib retrace, that is inbetween 50.00% and 61.80%. I strongly believe it will consolidate around 61.80% and reverse. If not before. Waiting for confirmation over the next week.

chastic Updated 

AUD is not having a good day on several pairs. I usually do not trade against the general trend, which is down on this pair, but can't ignore the macro economics together with the analysis. I'm in if it passes 78EMA again, with a tight SL.

chastic

I have previously talked about pairs at extraordinary levels, such as EURDKK. Currently the talk on the street is USD/MXN. It is fascinating how much the dollar has fallen the past months. I publish this to remind everyone that keeping an eye on this one, might be wise. It's either going to fall like a brick or, as I assume, rise again majestically.

chastic

The 14. of March it failed making new highs. Didn't get much support yesterday to stay at 10ema. Indications is leaning towards a short, but major moving averages is coming up, and one should be aware that it might mean it'll zig zag in the shorter term charts. Pretty lofty SL I have set for my self. Looking through the macro economics show that Norway isn't as...

chastic

It's a good bullish indication, when you see one very bearish day (2017-03-16) being "hugged" by bullish days. Hoping to see a clear bullish day tomorrow as well by the end of day, to get the well known 'Three Bullish Soldiers'. Much as I like word play, I do not blindly follow that indication, yet, adding macro economics and several others indicators, it shows a...

chastic

EU have had a good run lately, but it seems over, for now at least. EURNOK is a bit special to me. Won a lot, lost a bit, yet, I keep fixating on it because of the large swings and very clear formations it makes. Finally it has come to a point when it is either breaking out short or consolidating. Looking at the past six days, it couldn't make new tops, it's...

chastic

GBP a little weaker after today's BOE Minutes, yet, against SGD, it is going strong. Over several charts such as monthly, 4h, 1h all confirming a bullish direction. It has shown great support just under 1.72000. First test passed over 10ema, next is 22ema.

chastic

Gold is currently in a strong mood. Macro economics wise it is really a short, because of the strong markets. It could be debated that gold isn't just a harbor used when the sea is wild. In any market it's obvious that there is a lot of money out there that needs to be invested. So I dare to go in long on gold these days.

chastic

EU just came out with new economic figures. Expected Consumer Price Index stats were delivered without shaking this short setup, I have been looking at this week. CHF came out with unchanged interest rate, also following consensus. I've a floating SL around the 200ema and expect it to hit around 1.06400, which is a previous tested psychological level.

chastic

BoE is posting crucial economic figures today. Among them is interest rate, asset purchase facility and monetary policy summary and much more, so GBP is going to be a volatile currency to trade on this day. Technically, it looks very short against CAD. It's lower than closing price to the previous two days, so it's almost confirmed, but do not trade before we get...

chastic

I'm back with the EURTRY to do a add-to-position. If you have followed me on the EURTRY, it's an idea to consider an increase of position. Just a moment ago, disappointing quarterly jobless average (dec) figures came out of Turkey. With the EU going somewhat stronger, I trust this one over the next week to continue upwards. Be aware that EU is in a strange place...

chastic

Finding previous tested support. It's either a breakout short or reversing upwards. It seems to be indicating oversold, but I'm hesitant to storm in before it's confirmed. GBP is not strong, macro economic wise. Keep an eye out for GBPCHF.

chastic

Going through the numbers, I still hold my strongest belief in the dollar in the long term, but EUR have been oversold, comparing to the macro economics, which isn't that bad. In the midterm I look for it to get over 1.08000. But first a short pull back to the 55ema, before continuing upwards.