unique4x

unique4x

Watch for EURJPY to close below 121.000 on a daily basis. If this pair can push below that level it could quickly drive down to the 119.000 area which is some strong support going back to Feb of 2010. If the 119.000 level is taken out this pair can make a parabolic move lower. Our algorithm is indicating a 91% chance of EURJPY breaking below 121.000 by the...

unique4x Updated 

Current spread is 550 Pips, the widest since mid June 2015. We will be going Long USDCAD & Short EURCAD These pairs have been 70% to 96% correlated during the past year. Since they have been recently become uncorrelated we expect the correlation to return shortly. EURCAD is approximately 25% more volatile than USDCAD therefore your position size for EURCAD...

unique4x

USDJPY breached the 110.000 level but no follow through as of yet and the bounce from 109.950 is seen consolidating the fall from 113.800 high last week. A bounce to the 112.000 to 112.500 level can not be ruled out and if seen should be taken as an opportunity to short this pair. Support can be found around 109.700 but if breached before we see a rebound to...

unique4x

EURCAD is forming a wedge/triangle on this daily chart. Of course price can breakout in either direction but I won't be surprised to see it break to the downside. Relative Strength Divergence is indicating this pair wants to run lower. Keep an eye over the next few days and into next week. We will wait for a daily close below or above one of the trendlines...

unique4x

EURNZD has been consolidating for the past 10 months, getting closer to the apex of this triangle. A breakout could occur in either direction, we will be waiting for a close above or below the trendlines created by the consolidation. The closer the breakout occurs to the apex the stronger the potential move can be when it happens.

unique4x Updated 

GBPUSD could go either way, although the long-term trend is to the downside but one should not rule out a move higher. As traders our role is not to GUESS what the market will do, rather it's to recognize what the "smart money" is doing and simply ride their backs. With that said we will be ready to take a swing trade in either direction. We want to see a close...

unique4x

EURJPY is getting ready to break one way or the other, although the long-term trend is to the downside we can't rule out a move higher. Our algorithm will be watching this pair and giving us an update on a daily basis. We will be waiting for a close above the green downtrend line or a close below the red uptrend line. Ideally we would like to get a reading from...

unique4x Updated 

AUDJPY has finally broken out of a two week triangle, lifting above 85.880 and is signaling further gains to initial target of 86.420 & 86.700 & finally 87.840. Intraday dips should attract buyers, only a move below the lower triangle trendline will the breakout be considered a failure. Our algorithm is putting the odds of hitting price targets at 62% over the...

unique4x Updated 

A nice correlation trade between GBPJPY and USDJPY is forming. The two pairs are currently trading with a spread of 550 Pips, the widest spread since the end of January. Our algorithm is giving a 79% chance of GBPJPY coming in and a 74% chance of USDJPY rising. With that said we will be going Short GBPJPY at market and Long USDJPY at market. NO STOP will be...

unique4x Updated 

Upside to stay in focus following recovery from the 1.08260 low last week though strong resistance at the 1.10460 and 1.10680 area keeping gains in check for now. Clearance needed of the latter to trigger stronger recovery to retrace recent steep drop from the 1.13760 high. Support now at 1.09400 then the 1.09000 level. Here at Unique Forex we pride ourselves...

unique4x Updated 

This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room...

unique4x

Saw a spike to 111.04 low ahead of rebound to regain 112.00 level. The long lower wick suggest recent decline is stalling and a correction to retrace the recent sharp selloff from the 114.87 high now in focus. Lift over 112.310 will see stronger recovery to 112.80 then 113.38 to 113.60 area. Here at Unique Forex we combine our team's 40+ years of trading...

unique4x

The ratio of long to short positions in the USDJPY stands at 2.22 as 69% of traders are long according to a survey of retail traders at several brokers. Yesterday the ratio was 2.21; 69% of open positions were long. Long positions are 4.3% higher than yesterday and 5.8% above levels seen last week. We use these statistics as a contrarian indicator to price...

unique4x

Declining below 1.1000. • EUR/USD has broken hourly support at 1.1070 (04/02/2016 low) and is now holding below it. The short-term technical structure still suggests a further bearish move. Hourly resistance lies at 1.1139 (19/02/2016 high). Expected to decline. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key...

unique4x

Look for a short trade setup in EURCAD over the next two days, preferably on Feb 22nd around 13:00 GMT or Feb 23rd around 17:00 GMT. Price should stall out around the 50% Fibonacci retracement which coincides with the 3rd square root from the most recent low of 1.51402 set on Feb 18th. Should EURCAD run up to these levels it could stall out presenting a nice...

unique4x

Monitoring support at 1.1070. • EUR/USD keeps on pushing lower. The short-term technical structure suggests a further bearish move. Hourly support at 1.1070 (04/02/2016 low) has been monitored. Hourly resistance lies at 1.1260 (10/02/2016 high). • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is...

unique4x

Strong volatility. • USD/CAD has been very volatile over the past few days. A bearish bias is still favored. Current price action is following old downtrend. Hourly support is located at 1.36392 (04/02/2016 low) and hourly resistance can be found at 1.3911 (16/02/2016 high). Expected to see further rebound. • In the longer term, the break of the key resistance...

unique4x Updated 

We have entered a correlation trade between AUDUSD and NZDUSD this evening. The weaker than expected inflation numbers in New Zealand is causing the Kiwi to selloff while the Aussie hangs strong against the US Dollar. This news has given us an opportunity to go Long NZDUSD while Shorting AUDUSD. The current spread is approximately 120 Pips on the hourly chart. ...