Traders Dynamic Index DTF TDI neutral H4 TDI Bearish but turning Bullish H1 TDI Bullish 100 sma turning south over the 200 sma Structure BULLISH whilst above 117.61 Current outlook BULLISH Trade idea Below 119.29 is a SELL. BUY above 120.34
Traders Dynamic Index DTF TDI neutral H4 TDI turning Bullish H1 TDI Bullish 100 sma turning south over the 200 sma Structure BEARISH below .8829 Current outlook Mixed Trade idea Lower time frames picture looks Bullish. Buy above .8662 Below .8633 downward resumption continues
Week commencing 27/03/2017 Traders Dynamic Index DTF TDI bearish to Neutral H4 bearish H1 turning mildly bullish Structure BULLISH above 1.0495 Current outlook Bearish Trade idea SELL down to 1.0757 and 1.0718 under that. BUY at 1.0632
Traders Dynamic Index TDI DTF Bullish H4 DTI Bullish H1 bearish. Price trying to close above the 200. Structure BULLISH Current outlook Mildly BEARISH initially. Trade idea Wait for overbought conditions to ease and look to BUY. A close above 1.7760 area would be very significant.
Traders Dynamic Index DTF TDI squeeze spreading north H4 TDI Market neutral but RSI turning south H1 bearish. Structure BULLISH above 1.5883 Current outlook BEARISH down to 1.6274 Trade idea Sell down to 1.6274 area then look to BUY.
Price heading south looking for support which may come in the 1.2404 area. Below 1.2274 causes concerns for GBP BULLS.
Traders Dynamic Index DTF TDI squeeze spreading north (bullish) H4 TDI heading into SELL zone H1 neutral Price up against DTF 200 Structure BULLISH above 1.6273 Current outlook BEARISH for now Trade idea Sell on open down to either 1.6628 area or on failure down to 1.6540 area and look to BUY.
Traders Dynamic Index D1 squeeze tightening. Market line under 50. RSI headed down. H4 mildly bearish H1 turning mildly bullish Structure BULLISH above 136.45 Current outlook Neutral Trade idea SELL under 137.00 for a deeper move south BUY above 139.33 for a move to test resistance in 140.25 - 140.56 area.
Traders Dynamic Index D1 neutral H4 very bearish H1 bearish. Structure BULLISH Current outlook BEARISH Trade idea Sell on open down to 1.24 area then look to BUY.
With TDI and RSI levels even , its unclear where NZD/USD wants to go. A dovish RBNZ continues to discourage NZD BULLS so its likely we may see some sideways movement for now. Trade idea. SELL at .7079 BUY at .6981
AUDNZD may pause for breath here as its impressive climb from the end of January pushes higher and higher into overbought territory and the BULLS exhaust themselves. Any pullbacks should be used as an opportunity to go LONG. Trade idea. I wouldn't SHORT this market as this is a strong BULL run and prices could still head higher. Better to wait to see if we get a...
Bullish look to AUDJPY as price attempts another test of 88.19. With RSI and TDI studies favourable the BULLS look to be in control. Resistance at 87.47 will have to be tackled to make progress. Trade idea. Although this pair is BULLISH, resistance at 87.48, the Fib level at 87.81 and the previous high at 88.19 make this a difficult LONG trade from these...
AUDCAD has pushed through the .784 Fib level and is approaching previous high at 1.0397. TDI studies suggest this is attainable but BEARISH pressure is building. Difficult to recommend taking LONG trades from these levels so BUY on a pullback. Trade idea. Wait for a pull back to lower ground at 1.0240 area. SELL at 1.0334
AUDUSD - Last week I recommended BUYING this market at open (.7572) and we are now at .7725. Price has now pushed well into a solid resistance zone and although further gains cannot be ruled out and the RSI suggests we have scope to go higher, the market may be ready to stall out. The last H4 candle was a shooting star/hammer bearish reversal and we could be...
USD/CHF has lost parity again and looks to be headed for .9900. This pair will need to bounce from this level or we could see a deeper move south develop. The TDI on H1 is BULLISH so every chance we could move higher at the start of the week but its unclear who has the upper hand currently. Trade idea SELL at 1.0161 BUY at .9900
USDCAD is developing a wedge/flag pattern suggesting we could be moving sideways in the days and weeks to come. The 1.3538 to 1.3594 area is still resistance and the rising trend line is holding the BEARS at bay. With the TDI neutral across the board, this pair doesn't look to be going anywhere soon. Trade idea BUY at 1.3278 SELL at 1.3430 area
The lower time frames suggest USDJPY is headed higher initially but this should only serve to present a better selling opportunity. As can be seen on the DTF, price has sunk under the 100 sma and is headed for the 200 at 108. I expect this pair to open higher but to lose momentum in the 113 area. Trade idea. Wait for a move higher to 113 and look to SELL. A move...
Very confusing picture for this pair with several key levels around the current price. The 200 sma on DTF is supporting at 1.5230 and 1.5287 also supports. A break south of these levels would suggest a more sustained move south. Daily and Weekly TF's are BULLISH but H1 and H4 are BEARISH. Monday could set the direction for this pair. A sustained move above current...