piptank

piptank

My technical long position on FSTE. Despite disappointing growth rate (only 2.4% YoY) we saw a upward move in FTSE. In detail there is a fall in mining, construction and a slowdown in services and manufacturing. It is possible that we see more upwards movement. Because of huge support area at 6900.

piptank

This is a technical short on that pair due to possible resistance area at 1.52. I open a small short position at 1.516. Watch out for retail sales data on Tuesday.

piptank

technical support between 12000 and 11800. Possible long opportunity.

piptank

Last Friday we saw a sell off in the market. The News telling us that's it because new trading regulations in China and a possible Grexit (Greece could leave the euro zone). Today China's reaction to the sell off is to cut the reserve requirement ratio (RRR) for all banks by 100 bp (1 percent). It is the second reduction in two months. China has taken this step to...

piptank

Possible short opportunity evolves on Aussie. The descending trend line can play as resistance and push the price down. Fundamentals like dropping iron ore price and slowing down in china's export import numbers support my view. Never the less watch out for major new this week: Tuesday April 21 2015: RBA Meeting's Minutes Wednesday April 22 2015: Inflation Reports

piptank

Last Friday we saw a sell off in the market. The News telling us that's it because new trading regulations in China and a possible Grexit (Greece could leave the euro zone). What ever it might be. I think, based of the bad data, the sell off will continue the next days . That's why a place my short position on Nasdaq100 at 4385. The bad fundamentals are: US...

piptank

After yesterday's ecb event i entered a short position on euro. Why? To make it short there is no policy change in sight. The plan is to devalue the euro as much as possible. Therefore central banks all over the world cut their interest rates as much as possible and create QE programs. QE programs produce cheap money which creates market bubbles and of course...

piptank

After reaching the top at 1.95 GBPCAD is now in selling mood. The red area plays as a support/resistance. Either we see a pullback from that point or a sell off. I think we should see a test of the descending long tern trend line. That's why i short it.

piptank

This trade based on price action. It is also based on my previous trade idea I am still of the opinion that GBPNZD is at major support area now (two upward trend lines). One another trend line (red) is supports my point of view. From this area that pair can go higher.

piptank

Since end of Jan 2015 USDCAD is in side way range between 1.28 and 1.235. We left the 1.23 area and I think it's time to long that pair. A possible flag formation is visible. my Entry 1.245 TP 1.283 SL 1.2339

piptank

Considering the good data today i long FTSE. The mainly reasons for my long position are: Services PMI March 58.9, more than expected UK GDP expands, 2.8% in 2014 upward momentum on stock market, today's spike

piptank

Economies worldwide slowing down and don't meet their forecast or miss them. Why? There are different explanations. Today I do a quick analysis of AUDCAD, AUDUSD & USDCAD and how I trade them. As you may or may not know Australia (atlas.media.mit.edu) and Brazil (atlas.media.mit.edu) together dominate the world's iron ore exports. Iron ore is the basic source...

piptank

Trend is your friend. I follow the price action and open a short position on that pair. Entry at 0.7385 TP. 0.7132 SL. 0.7517

piptank

Price action breach my trend line at 6900. It is possible that we see a further drop in price. It is a technical short position at 6880. In few hours US publish GDP numbers. Watch out for that figure. A disappointment could produce a significant sell off in UK and US market.

piptank

I see a potential resistance area @ 1.4365. So I short this pair at this level.

piptank

This chart show us a pretty steady upward trend. At the moment we are in a kind of consolidation/pullback situation. I think we will test the 20000 mark next days. But a pullback to 19000 is also possible. But then I'm thinking of a possible double top scenario. Three more fundamentals which support my projections are: Japan's trade deficit declined, exports...

piptank

US Durable Goods fell to -1.4 pct in February 2015. It's a pretty low number after a FOMC meeting which should to reassure the investors that the US economy is in good shape. But this is not the case. This decrease, is a big story after a 2.0 percent increase in January 2015 which seems doctored. That means only a short position is favorable. Entry at 2083 after...

piptank

This trade based on price action. I am of the opinion that GBPNZD is hitting major support area (two upward trend lines). From this area that pair can go higher.