piptank

piptank

British Pound is still in a decreasing trend channel. The pair fails to reach main support at 1.52 level. That's why i'm still bearish on that pair. On the fundamentals side the UK GDP growth rate shrinks in Q4 2014 to 0.5 percent from 0.7 in the previous period. Germany other big player in Europe officially enters deflation. Good entry point is at 1.507-1.504...

piptank

I short the S&P500 due to bad fundamental data today. The S&P lost already over 1 percent and i think it will continue. 1. Durable Goods Orders shrank by 3.4 percent in December 2014. Core Durable Goods Orders down to -0.8 percent after a -1.3 percent in the previous month. 2. US manufacturing PMI is at 53.7 in January, down from 53.9. 3. OK, New Home Sales...

piptank

Simple long position based on technical support line. Fundamentals view: ECB announced their QE program today. Buying 60 billion euros worth of assets per month, 1.2 Trillions in Total. Start March 2015 presumably end in Sept. 2016. ECB says they will keep buying until Inflation rises. Normally it means long USDJPY and short EURUSD. Entry 118.26 TP1 119 TP2...

piptank

This pair is in a clear downward trend channel. I assume that the trend continue. That means I enter a long position at current price. I buy the bottom of the trend. It's a technical position. ECB is likely to launch a QE program later this week watch out. TP 0.783 SL 0.758

piptank

Aussie is in a bearish mood. In the Last days we saw a small consolidation phase. A possible short setup appear on AUDUSD. Price action couldn't break the bearish trend (orange line). I enter a short position at a current level. Watch out for Australian Employment data on Thursday. Entry: 0.8144 TP: 0.786 SL: 0.837

piptank

I placed a quick short position on AUDJPY. Reason why? Price couldn't break the resistance (red line). I see more downside at the moment.

piptank

GBPCAD is in a recovery mode after hitting support (orange line). I consider a buy position at 1.793. After a small pullback. A weekly Chart of that pair show us a consolidation period in the last year. In 2013 the pair was in a strong upward trend. So now it may continue to go upward. From fundamentals view The Bank of England holds Interest Rates and the size...

piptank

quick short setup. short position see chart for more details

piptank

trend following short trade of EURJPY wait for small pullback and then short.

piptank

New Zealand Dollar is in a downtrend since topping at 0.88 in mid 2014. In the last months the downtrend slowed down after breaking major support line. I aspect a continuation in the downtrend to 0.760 (likely) to 0.750 (not sure but possible). At this level a plan to buy this pair. The next major support is at 0.74-0.73 (orange line). Best Entry at 0.76...

piptank

Long EUR/GBP at support. Wait for a small pullback to 0.78.

piptank

EURAUD corrected from a steady uptrend since Sep/Nov 2014. I enter a long position at technical support line. Their is some risk involved in that trade. Pls consider seasonal trade volume and enter a position next Year. Otherwise if we break to 1.475-1.47 area we might see lower price around 1.45 Happy new Year. Entry Long at 1.482 TP1 1.50 TP2 1.526 SL 1.466

piptank

EurCad provide a good opportunity for shorts. A small pullback to 1.426 is quite possible. Euro area inflation slowed once again. The Eurozone GDP growth was confirmed at 0.2 percent in Q3 2014. Canada's Inflation Rate slows to 2 percent from 2.4 in November 2014. Prices for Gasoline reaching lowest levels. My entry is at 1.42. SL 1.44 TP 1.389

piptank

Despite a long upward tend in USDCAD, it needs a correction. From fundamental point of view Canadian jobless rate increased slightly by 0.1 percent and Bank of Canada leaves Rates unchanged at 1 percent. A good entry area for shorts is at 1.16. Target1 1.14 Target2 1.13 SL 1.175

piptank

Swiss Franc is a clear uptrend. After a pullback last week. A possible long trade on USDCHF is emerging. To make it true the support/resistance line at 0.96- 0.957 has to hold. A clear breach under 0.95 make this scenario atm impossible. My suggestion is to long that pair between 0.96-0.957 (good entry) TP1 0.97 TP2 0.99 SL 0.95

piptank

I'm still bearish on Euro. Why? US new claims for unemployment benefits decreased. US Retail sales increased 0.7 percent in November. On the Euro side: Eurozone annual inflation rate is decreasing. The European Central Bank says, it is ready to buy government bonds. For more downside we need to break main support area at 1.23-1.227. Entry 1.238 SL: 1.26 T1: 1.22 T2: 1.21

piptank

Euro lost over 12 percent since March 2014. Time to recover some loses. That's why i'm long at the moment. It is a technical long on support line. Next year we see Eur under 1.20. TP 1.245 SL 1.215

piptank

I'm thinking of short Swiss franc. On a Year-on-year basis consumer prices fall to -0.1 percent. On a monthly basis consumer prices are at 0%. Retail Sales drop to 0.3 from 0.5. Entry @ 0.98 SL: 0.989 TP: 0.957