forextraplaces

forextraplaces

EUR/CHF has found support from the 100 EMA on H1 (at the open last night) and is heading north. The 25 and 50 EMA'son H1 are together and below the price and this will give strength to EUR/CHF BULLS. The 15M Pivot Point Supertrend is BULLISH and the Andean Oscillator has seen the green BUY signal line cross the red SELL earlier this morning and the green BUY and...

forextraplaces Updated 

The shocking CAD CPI news released an hour ago (CPI missed by .3%) has seen a sustained period of CAD SELLING and now this BULLISH EUR/CAD strength is faltering as it is across all CAD pairs and we look to be entering a period of SELLING in order to unwind overbought RSI readings. On the H1 time frame we have a potential double top at WR1 though the second candle...

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Looking at the last 12 candles on H1 we can see a triple top at a line of resistance at .9228/30 and the last 3 candles all have long wicks forming another triple top and if the current candle continues south, this will be a quadruple top. Its clear that there is an almighty struggle for domination of this pair between the BULLS and the BEARS and with the fast MA...

forextraplaces

I've been anticipating GBP/JPY turning BEARISH for a few hours as we've seen the price push through the 200 EMA on H1 and the WP pivot and the signs are that GBP/JPY BEARS are jumping in. BEARISH signals include RSI which was 71 but is now 61 indicating a move south and MACD which is lagging behind (as usual) but signficantly not making any more headway north and...

forextraplaces Updated 

EUR/AUD has hit a band of resistance under the WPP pivot at 1.6567 which coincides with the 200 EMA on H1. With the 200 and WPP above the price, then EUR/AUD BULLS will have their work cut out to push the price musch higher and this gives us a natural STOP for SHORT trades at 1.6574 (29 pips). However. This trade carries risks as we have few confirming...

forextraplaces

EUR/USD is steadily heading south and has been Friday afternoon. Currently the price has pushed through the 25 and 50 EMA on H1 and is now hovering just above the 100 EMA. Its possible that the 100 may support the price so I've set a SELL STOP under the 100 at 1.0910 and if the 100 EMA breaks then this trade will trigger. With the 200 EMA on H1 below the price,...

forextraplaces

This pair appear to have peaked at 1.0746 which is inside a band of historical resistance. We've seen the price push through the 25, 50 and 100 EMA's on H1 and we're also under the WPP mid pivot which has failed to halt the BEARS. Key level now is the 200 EMA 1.0693 200 EMA which will most likely offer stern support for AUD/NZD BULLS and though I can envisage some...

forextraplaces Updated 

The technicals are suggesting that GBP/AUD may be headed north. Yesterday the price the price bounced off WS1 support and we've seen GBP/AUD BEARS push the price back down to this level earlier today where BUYERS have again pushed the price away from this level. Its possible that we may see GBP/AUD BEARS attempt to push the price back to WS1 but other technicals...

forextraplaces Updated 

GBP/AUD has sold off agressively since late Tuesday and now the BEARS are reaching exhaustion. On H1 the RSI is reading 17.19 so we are well into oversold territory. MACD is also weakening as the fast MA is poised to move above the slow MA which would be a sign that GBP/AUD BULLS are entering the market. However. WS1 pivot sits 14 pips under the current price...

forextraplaces Updated 

I've just gone LONG on this pair for the following reasons. We've hit WS1 support pivot level and price is now moving away from it. RSI on H1 was under 30 and now its reading 35.45. MACD is still lagging behind but the BEARS strength has reduced significantly. The Andean Oscillator was at zero and has now move away from zero with a reading of .00008. Price has hit...

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I noticed a double top and a potential M-Top formation at resisTNCE ON gbp/chf this morning. The neckline of the M-Top has just broken and we have other BEARISH signals. The under used and under appreciated Andean Oscillator has seen the red SELL line move awau from zero indicating the possible entry of BEARS into this market. We now need to see now is the green...

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I'm SHORT this pair from .8847. USD/CHF has hit the channel shown. This is a recent area of resistance from 13/2/24. Price has been overbought since yesterday and now it appears the BULLISH momentum of this pair is waning and the signs are that USD/CHF BEARS are jumping on board. Although the Pivot Point SuperTrend remains BULLISH, the Andean Oscillator shows a...

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AUDNZD has hit a band of historical resistance that stretches back some distance and is carving out an M-Top pattern with a double top. If the pattern completes we will have a SHORT trade on the break of the neckline at around 1.0662. Both RSI and MACD are declining and the Andean Oscillator is suggesting that the BEARS are taking control as the BULLS position...

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GBP/USD and GBP/CAD have come under sustained selling presuure in the last hour. WE havbe a confirmed SELL signal on Pivot Point Supertrend and the red SELL line has crossed the signal line of the Andean Oscillator and is rising shrply indicating high momentum SELLING. On the H4 chart we've been overbought on this pair for some time and the RSI is now...

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All the signs are that this pair is headed south. On H1 we are now under all key EMA's (25,50,100,200) and on H4 we are slipping unde the 50 EMA having broken the 25. The Pivot Point SuperTrend is signalling SELL and the Andean Oscillator has the red SELL line heading north (for a sell signal) as it has been for the last 2 days. My STOP for this trade is ultra...

forextraplaces Updated 

AUD/USD has failed to break the 200 EMA on H4 and it looks like the BULLS are in retreat. On H1 we are below all major EMA levels (25,50,100,200) and the 25 and 50 are now under the 100 EMA. 100, 50 and 25 are gouping together and crossing over each other south. On the Nadean Oscillator we can see the green buy line is moving south over the signal line and the red...

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We have an M-Top formation at an area of resistance and over the last few hours this overbought pair has been unwinding. The neckline of the M-Top has been broken and the MACD crossed south some hours ago and although there are headwinds that may hold up EUR/NZD BEARS, the technicals suggest that we should be headed for 1.7534 as a minimun initial target. On H4 we...

forextraplaces Updated 

EUR/JPY has been BULLISH since July of 2023 so its abrave man (or a fool) who calls the top on this particular pair. That said the current wave of BUYING started earlier this month and there are clear signs that EUR/JPY BULLS are taking a breather. The SELL signal line of the Andean Oscillator is rising and the green buy line is crossing south over the signal line...