diamkat

diamkat

GBPAUD is in a downtrend. Brexit and better than expected fundamentals in both china and australia suggest that the downtrend will continue. Short in a pullback to the second daily resistance maybe an appropriate low risk entry.

diamkat Updated 

The Euro could strenghten as from the one hand the Federal Reserve took a dovish stance towards 2016 rate hikes and from the other the enhancement of the ECB's TLTRO program could potentially provide a lasting impact for the Euro currency.

diamkat Updated 

DAX after having failed to close above its resistance of 12-1-2016 (10051) broke its 2 week consolidation to the downside. Thus, we will enter short on its rebound to the second daily resistance.

diamkat

Is a head and shoulders pattern going to be formed? Will the Brexit referendum impact that much?

diamkat

NZDCNH is in a long term downtrend and at the moment is in a countertrend wedge formation.

diamkat

GBP continues being weak. This bearish momentum could be exploited by shorting the GBP whenever there is a rebound for a low risk entry.

diamkat

CHFJPY is in a downtrend and failed to broke its channel resistance. It also broke the trendline of its countertrend. We expect a pullback to the first daily resistance for our short entry.

diamkat

IBB formed an inverse head and shoulders pattern and broke 50 MA as well. The RSI confirms the price action. We wait for a pullback.

diamkat

GBPCNH is in a downtrend and has formed a head and shoulders pattern. We need a pullback for our short entry.

diamkat

The EURGBP broke out with strong price action. The trend is clearly bullish so we are looking for a pullback opportunity to buy.

diamkat

The GBPCHF is clearly in a downtrend. A slight rebound to daily and weekly resistance could offer an attractive short entry minimizing our losses in case of failure. Besides trading is just an art of probability.

diamkat

The trend is bullish so we are long on EurUsd on the pullack to the weekly support and trendline.

diamkat Updated 

XAUUSD0.49% is in a short term downtrend channel and the fact that the majority of retail traders are positioned long gives a contrarian signal that XAUUSD0.49% may continue lower. Thus, we think that any short term rebound as the one we are using here to the weekly and monthly resistance may be a good short entry point. Please feel free to make any suggestions.

diamkat

Dovish Fed points to further losses to the US dollar. Thus a rebound to the 200 MA may offer a nice entry point to the downside.

diamkat

Improved conditions in the chinese equity market will help slow down capital flowing out of China and this may ease pressure on Yuan shorts