GBPUSD has attempted to breakout this morning. The next upside level of interest would be at 1.5360. Failure to maintain 1.5315, would negate short term bullish considerations. We are at risk for a turn lower with a break of 1.5310
Παρασκευή 30 Οκτωβρίου 2015
Technical Analysis EUR/AUD
After being in consolidation, the FX pair EURAUD broke down the 4hour chart uptrend and just touched the recent 4hour chart downtrend line. Although the M15 chart shows us a small consolidation, I am marking my entry through the 1 minute chart, as soon as its down movement is confirmed.
Technical Analysis EUR/USD
Short the run into the previous support zone which might act as potential resistance; the entry case is also enhanced by the 618 fib extension of the initial upward move.
Technical ANalysis EUR/USD
The
fx pair is just looks in some kind of base building to get some power before
the bigger up move will start and the market is heading to R1 level. There are
two version. Both TP are R1. In the first version the market will reach it fast
and easy. In the other it will reach the TP in much messy way and it will form
bigger corrections. Even it can come down to S1 level. To take Long positions
this way is difficult. The only good is to not to think in big runs. Also if
the second version is on than maybe Short position can be taken as well.
Opening
a position: in every M5 pullback end to the given directions. Every time it is
important to take care for the contexts.
Technical Analysis GBP/USD
At Pivot, price consolidated and recover. Go Long at this level. SL at 1.5275. TP at R2
Πέμπτη 29 Οκτωβρίου 2015
Technical Analysis USD/CAD
USDCAD has broken through a trend line support. Wait till market to retrace back to the trend line at 1.31918 levels for a short position
Technical Analysis USD/JPY
USDJPY continues trading in range. Price is retesting resistance at 121. In the event that values of resistance hold,
it raises the possibility of prices returning to values of support. Alternatively a breakout above 121 would signal an end to current range market.
it raises the possibility of prices returning to values of support. Alternatively a breakout above 121 would signal an end to current range market.
Technical Analysis AUD/USD
In addition to being in a long-term downtrend, the downside movement on the audusd has recently accelerated. MACD, RSI and SMAs are on the bearish side. In the shorter term, the downtrend is marked by the steep diagonal connecting the last 3 highs on the chart. A pullback to this diagonal may be a good short entry point. In case of an upside breakout of this diagonal, one would place a stop-loss right above it. For those who want to play it safer, you may wait for a pullback on the 50-hour SMA (pink on the chart) to open a short position.
Technical Analysis EUR/USD
The
fx pair is just before its upturn. As how I wrote yesterday after that news the
market will form its last downswing it is happened. This means maximum just a
tiny down move is in the system but after it will head up and it will form new
highs. This is also supported by the bigger timeframes players. To trade it
take SHORT position with the TP of S1. And if the market pass S1 from that
point it is good to change to candle stop. After it when the first sign comes
LONG position can be taken with the TP of R1 and later R2. But do not expect to
reach it R2 for today.
Opening
a position: in every M5 pullback end to the given directions. Every time it is
important to take care for the contexts.
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Τετάρτη 28 Οκτωβρίου 2015
Technical Analysis GBP/JPY
GBP/JPY is completing a double bottom reversal pattern after a downtrend, so buying it is recommended, with a SL below the latest bottom and a 1:3 R:R TP target or more.
Technical Analysis GBP/USD
The pair is in a short term downtrend and made a pullback and small bearish candle was printed and MACD ans RSI converging which gave a clear trigger for entering an short position for the continuation of the trend. Take profit was placed before the first support of 1.52669.
Technical Analysis EUR/AUD
USD may be readying to turn higher against the Yen as prices trace out a wedge formation. Waiting for a break above 120.40 to start looking higher again.
Technical Analysis EUR/USD
The
fx pair is close to the end of the downtrend and the decelerating phase is in
progress. This means after the ongoing correction it is ok to expect short down
moves. The question is still when does the existing correction ends or does it
ended already..? But currently it doesn’t matter that the market already in the
new down move or still in the corrections downswing, it is moving down. This
means SHORT position can be taken with the minimum TP of S1. At that point the
market will decide that it will from a much more corrective structure or keeps
moving down.
Opening
a position: in every M5 pullback end to the given directions. Every time it is
important to take care for the contexts.
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Technical Analysis USD/CAD
The FX pair USDCAD is in a 4hour chart uptrend. Wait for price correction at uptrend line to go long.
The pair is in a short-term downtrend marked by the lower highs, lower lows, and the diagonal in red. Also, the pair is currently trading below its 20-hour SMA. A short position can thus be open close to that diagonal. A potential take-profit target would be the 200-hour SMA (in green). Protect your position with a stop-loss right above the diagonal in case of an upside breakout.
Τρίτη 27 Οκτωβρίου 2015
Technical Analysis EUR/USD
Buying EUR/USD, as USD consumer confidence report is coming out and I expect a low reading. As well today’s fundamental news regarding the US came in missing expectations, nevertheless market sentiment is still EUR/USD dovish after Draghi’s comments last week. In overall EUR/USD is trading range bound today, and despite poor US data, the pair is stuck around a 40/50 pip range.
Technical Analysis GBP/JPY
An upward trend is still in play in GBPJPY despite the overnight sell-off. Today’s UK GDP figures sent the market lower, but crucially not closing below major support at 184.68, forming a nice bullish candle reversal candle. Entered on a 50% retrace of the candle, 184.663, with a stop below the candle’s low, 184.330, and a nice 1:2 Risk:Reward at expected resistance level 185.32
Technical Analysis GBP/USD
GBPUSD continues trading in range. Price is retesting support at the 1.5230-20 area. In the event that values of support hold, it raises the possibility of prices returning to values of resistance. Alternatively a breakdown below 1.5320 would signal an end to current range market.
Technical ANalysis GBP/USD
Short positions below 1.538 with targets @ 1.5305 & 1.529 in extension (as long as 1.538 is resistance, expect a return to 1.5305).
Technical Analysis EUR/USD
The
fx pair is close to the end of the downtrend and the decelerating phase is in
progress. This means after the ongoing correction it is ok to expect short down
moves. The question is still when does the existing correction ends or does it
ended already..? But currently it doesn’t matter that the market already in the
new down move or still in the corrections downswing, it is moving down. This
means SHORT position can be taken with the minimum TP of S1. At that point the
market will decide that it will from a much more corrective structure or keeps
moving down.
Opening
a position: in every M5 pullback end to the given directions. Every time it is
important to take care for the contexts.
Technical Analysis USD/CAD
USD/CAD is in an uptrend and forming a potential wider double top reversal pattern at the resistance level. If a pattern gets completed and price starts to fall from around this area, I recommend a Sell trade with a stop loss above the latest top and a 1:3 R:R target.
Technical Analysis USD/JPY
The pair broke its upper trend channel to the downside. A pullback to the 100-hour SMA (in orange) may be a good opportunity to go short on the usdjpy. A stop loss will be put a few pips above the 100-hour SMA, in case of a false downside breakout.
Technical Analysis AUD/USD
The price trend is now in the box so its borders ae now serving as support and resistance levels. So price has reached resistance level, we can now open a sell position wit sl 0.72640.
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Δευτέρα 26 Οκτωβρίου 2015
Technical Analysis GBP/USD
The trend line is getting up of the tunnel which has been formed from 23 of october, if a candle is up from the line 1,53372 we can open a buy position. P.S. aligator line also showing a buy position.
Technical ANalysis EUR/USD
The
fx pair is in the end of a downtrend and the decelerating phase is still in
progress. This means after a correction it is ok to expect another downswing.
The only question when does it ok to look for it. Also the correction begin to
grow for a bigger size. This can give good Long positions. But right now the
market in a strong resistance level. And we have to wait and look what it will
form. The two option is drown.
Opening
a position: in every M5 pullback end to the given directions. Every time it is
important to take care for the contexts.
Technical Analysis EUR/USD
EUR/USD is in a downtrend. MACD is at the record new lows and strong, starting to turn down again from above it’s centerline.Price has stalled and retraced a little, but is likely to resume falling and at least re-test it’s latest low, possibly even exceed it. It makes a good short trade with 1 : 1 or more Risk : Reward ratio.
Technical Analysis AUD/USD
AUDUSD in consolidation mode after rising above 0.7231 level. An hourly close above 0.7265 expose resistance at 0.73. Alternatively, a reversal below 0.7250 clears the way for a test of 0.7210
Technical Analysis GBP/USD
Trend continuation with short entry at previous resistance level and SL above the 1.5400 psychological level.
Technical Analysis USD/JPY
USDJPY has had a retracement. Wait the pair to break above 121.27 levels to enter for a buy position for a 1:1.5 risk to return
Technical ANalysis EUR/USD
Selling EUR/USD, as I expect the IFO current assessment readings as lower than expected, as well market sentiment is still dovish after Draghi’s comments last Thursday. On M5 we can see RSI currently at 47 and pointing south territory, and EMA5 has crossed EMA10 to the downside in both M5 and M15 after the pair reached today’s peak for the moment at 1.1055. Targeting 1.10 as strong support is located this point.
Technical Analysis USD/JPY
After breaking below the MA in a sideways downward trend we await a pull back around the 50% fib entering at round number 121.00 SL 15 pips highers and keeping R:R 1:3 Placing TP 120.55.
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Παρασκευή 23 Οκτωβρίου 2015
Technical Analysis EUR/USD
The
fx pair is in the end of a downtrend and the decelerating phase is in progress.
This means Short position can be taken in every pullback end. From longer
distance the TP will be around S3. But careful, the market will reach this
price in many small swings. And it won’t form in every swing new low.
Opening
a position: in every M5 pullback end to the given directions. Every time it is
important to take care for the contexts.
Technical Analysis GBP/USD
GBPUSD chart setup warns of pullback risk. However, the potential for a sustained correction may be limited. Sellers interest would likely be renewed on a test of the resistance at 1.5415.
Technical Analysis EUR/USD
After yesterday’s strong collapse, EUR seems to be pausing and forming at least a temporary range. I recommend a Buy trade, since the price is near a bottom of the range, with a TP target just below the top of the range, for a 1 : 2 R : R trade.
Technical Anlaysis USD/CAD
The FX pair USDCAD is in an uptrend and just touched the trend line. Go long after breakout the previously high (4 hour candle).
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