moemia

moemia Updated 

Pair may continue its correctional C wave. CAD seems to be regaining strength.

moemia

Here we have EURJPY hitting a very major Support line . How major? 2010 High 2012 Low And now we have finally come back to test it in 2016 . Of course the EU Referendum is having a Major impact on this pair, hence its continuous decline in the coming months. But I believe that history will have an impact on this pair and it will climb its way back up...

moemia

Im mostly looking to go long on this trade to ride its final 5th Wave up. But as for my aggresive trading nature I am keen on selling the breakout of the recent hourly trend which Im looking to get a 2:1 Return . My TP for the Shorting trade will be 38.2% fib and thereon will be my Long setup for a 3:1 return with a TP at the recent highs or higher. If...

moemia

We have completed our 5 wave cycle for his pair and looking to reach between 1.08000 area for a correctional ABC wave. We have very good support here which lasted all throughout 2016 and started in 2015 . If the support cannot back our correctional wave period then it is likely that there is deep bearish momentum in this pair and a brake below the support...

moemia

After the FED Announcement on Friday it seems that the pair has made its gradual retracement back near the 50% of the 3rd wave after a final rally in favour of the Australian Dollar. We have a good resistance structure holding the pair from heading any higher in order for it to start its final 5th wave down towards the Feb lows. As you can see the 4th is...

moemia

I've been watching the pair recently and have noticed that we are in a zone where it is demonstrating crucial price action. It is ranging around the Summer Lows resistance and Mid Month support. Although it closed above the summer lows resistance it seemed to have opened below the price and have been within that range for the day. A break below the Mid month...

moemia

Major Resistance Looking to take a short position at this price Taking more a short term approach with higher stakes. This trade can also be long term depending on your views.

moemia

Im looking for this wedge pattern to complete in order for me to make my final decision on this pair. Long Setup USDSGD has been on a decent run for a while now. By what looks like a sharp incline, the momentum looks like as if its slowing down or perhaps ready for another push? 1. If the pair brakes the wedge on the upside and makes a strong close above...

moemia

The pair is at a crucial point from what I have studied. 1. On the verge of braking a monthly trend. 2. On the verge of braking weekly support. 3. Completion of 5 waves, perhaps the C Correction wave maybe part of a 3rd wave of a new sequence? 4. Momentum on MACD looking bearish Short @ 1.44467 Target @ 1.39867 (~450 Points) Stop @ 1.45446 (100 Points) Any...

moemia

The pair showing bullish strength with a near bounce from the most recent daily trend line. I'm hoping for a breakout for the pair and planning to ride along towards the 32.2% Fib (0.73852) and a SL just below the trend. Entry: 0.71810 ( Daily Breakout of Trend ) TP: 0.73852 - 177.8 Pips ( Fib 32.2% + Support) SL: 0.70911 - 93.8 Pips ( Below Daily...

moemia

With the next fed policy coming along, it seems as if the Dollar will gain momentum once again particularly with this pair as investors may find the USD attractive after the next meetings announcements. The Histogram shows bulls rebuilding strength is it breaks out of the R/Trend very soon. As for the chart, a HS Pattern upon completion with the daily trend AND...

moemia

MACD Histogram breached upper side as well as the chart candle breaking the trend. However it seemed to have broken in previously but carried on pushing towards the lower side. But with this situation, the previous 3 surges were very strong green bars + closes. It took a lot of Bear bars to overwhelm 1 or 2 Bull bars. Also due to the feds most recent news it seems...

moemia

The NZDUSD is looking like it is loosing steam as shown by the MACD bars not being able to thrust any higher. Potentially it has indicated that the price could not beat the MA Crossover and may be looking to continue its bear trend once is decides to make its final move. I'm looking to go short once the pair has made a firm decision by closing below the...

moemia

The NZDUSD is looking like it is loosing steam as shown by the MACD bars not being able to thrust any higher. Potentially it has indicated that the price could not beat the MA Crossover and may be looking to continue its bear trend once is decides to make its final move. I'm looking to go short once the pair has made a firm decision by closing below the...

moemia Updated 

Well we can see here that the pair is reaching the end of its correctional phase technically from its previous spike. So from here we can expect a reversal in the short term bearish trend. As such the Canadian Dollar is highly correlated with Crude prices as it is Canada's #1 export commodity, this means that the further fall of Crude may indicate the weakening...

moemia

Watch out for the price to hit around 124.317 before the next shorting opportunity. Ill keep you updated. Strong US Economic data may drive down USD through inflation.

moemia Updated 

For now we can look forward to a short term correctional profit before we gear up for our next big position for the AUDUSD. Further updates coming soon as we hold on to the short term profit till the 0.72110 level.

moemia

As we can see on the graph, the Stoch RSI is gradually weakening as we reach the high point of 2015 for the corporate bond. Although a very slow trade, we can look forward to seeing a gradual profit with very low risk to return.