GBP may be readying to turn higher against the US Dollar as prices carve out a double bottom formation. A break above resistance at 1.5060, exposes the level at 1.51.
Δευτέρα 30 Νοεμβρίου 2015
Technical Analysis EUR/USD
Buying EUR/USD, as the pair has reached today´s low at 1.0562 where support lies around the 1.0560/65 level. German CPI news just came in meeting expectations, and despite the fact that H4 charts remain bearish a correction is imminent in the short term. On M5 and M15 EMA5 has just crossed over EMA10, and MACD confirms the move as well. Targeting the 1.0630 area where some resistance awaits. USD Chicago managers index and Pending Home sales will drive the pair in the upcoming hours.
Technical Analysis EUR/GBP
EUR/GBP is currently in a smaller uptrend. Watch for a possible upside breakout through the first resistance level (R1) to implement long position, with a TP target around R2.
Technical Analysis USD/JPY
Longer term trend still to the upside looking to go long on a pull back to the 50% fib stop just below support and target 3x the risk.
Technical Analysis EUR/USD
Price broke structure to the downside after a double top. Sell the 618 retracement back into previous support which might become resistance.
Technical Analysis AUD/USD
Price has pulled back to a support/residence area 61.8% retrace of previous high price is rejecting S/R @ 0.701940 also 50 EMA
Technical Analysis GBP/USD
- At Pivot, price weakening. Short at this level. SL at 1.5110. TP at S2
- Or, at S2, price stop falling and recover. Buy on reaction at this level. SL at 1.4950. TP at Pivot
- Or, at S2, price stop falling and recover. Buy on reaction at this level. SL at 1.4950. TP at Pivot
Κυριακή 29 Νοεμβρίου 2015
Παρασκευή 27 Νοεμβρίου 2015
Technical Analysis USD/JPY
US Dollar may be readying to turn higher against the Yen as prices trace out a triangle formation. Waiting for a pullback to start looking higher again.
Technical Analysis AUD/USD
A correction is occurring after the recent rise of the pair. This correction could be a good opportunity to get back in the recent uptrend. This correction seems to have found a support at the 50-EMA on the H4 chart. The close lower Bollinger band could also strengthen the possibility that a rebound will occur in this area. We can thus go long near 0.72000 to play this scenario. If you want to minimize the risk to a few pips, place a stop loss right under the intraday low, to protect yourselves from a further correction.
Technical Analysis EUR/USD
The
fx pair on bigger TF shows the decelerations of the bears. The corrections are
also getting bigger and bigger. And one of them will turn to be bull. Also on
H1 the ongoing side move seems to be complex. And if the market gives a
confirmation than LONG position can be taken for the end of the day with the TP
of R1.
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
Selling EUR/USD, as the pair reached a peak this morning at 1.0637. As of the moment the technical indicators reached oversold levels at M5, M15 and M30 and all in overall bias is still to the downside on the longer timeframes. Small resistance lies at 1.0630 and beyond this point only a move beyond 1.0660 can extend its gains to the upside. To the downside we have 1.0600 psychological support and later on 1.0565 November 25th lows.
Technical Analysis USD/JPY
At Pivot, price consolidated and recover. Go Long at this level. SL at 122.25. TP at R2
Πέμπτη 26 Νοεμβρίου 2015
Technical Analysisi USD.CAD
USDCAD continues trading in range. Price is retesting resistance at the 1.3320-30 area. In the event that values of resistance hold, it raises the possibility of prices returning to values of support. Alternatively a breakout above 1.3330 would signal an end to current range market.
Technical Analysis USD/JPY
Red line is the 1 hour Trend Line. Looking to gain as price reaches 122.50 level. As it is Thanks Giving Holiday not a lot of activity is expected during the US Session.
Technical Analysis GBP/USD
GBP/USD is in range. Price is rising from the bottom level of the range, with indicators confirming the upturn. A buy is recommended, with a stop below the range and a target just below the top of the range (R1).
Technical Analysis EUR/USD
In a clear downtrend, the pair is once again approaching its falling diagonal resistance which keeps adding downward pressure.
A short position can thus be opened at current prices @ 1.06190, playing the likely scenario of a continuation of a downtrend garded by this diagonal. Place a stop loss above the diagonal in case of an upside breakout.
A short position can thus be opened at current prices @ 1.06190, playing the likely scenario of a continuation of a downtrend garded by this diagonal. Place a stop loss above the diagonal in case of an upside breakout.
Technical Analysis EUR/GBP
Price has pulled back to a major support/residence area 50% retrace of previous high tweezer tops are forming at this level
Technical Analysis GBP/JPY
At Pivot, price consolidated and recover. Go Long at this level. SL at 184.90. TP at R2
Τετάρτη 25 Νοεμβρίου 2015
Technical Analysis EUR/AUD
Pair is in a downtrend. Sell the 618 retracement which lines with previous support which might become resistance
Technical Analysis USD/CAD
USDCAD may be working on an inverted head & shoulders. The next key level for progress is a break above 1.3330. A move above that level would open the door for a test of the resistance at 1.3415.
Technical Analysis GBP/USD
GBP/USD is forming a wider double bottom pattern, with indicators confirming the price rise, therefore, instead of waiting for double bottom neckline to be broken at R2, I recommend a long position with TP target 1 just below the R2 level and a TP target 2 at about 1:3 R:R, below R3 price level.
Technical Analysis AUD/USD
buy audusd as it has tested R1 turned Support (last week’s high), this pair has been in a up trend. Entry based on 5min time frame.
Technical Analysis AUD/USD
Price has pulled back to a major support/residence area 50% retrace of previous high and also corresponds with the up slopping trendline
Technical Analysis AUD/USD
With a day of strong gains hoping to play to the trend looking for a deep pull back to 50% for continuation with a tight stop in case we are wrong as always keeping risk to reward 1:3. TP just below daily highs and stop just below support under the 100 MA
Technical Analysis EUR/USD
At Pivot, price consolidated and recover. Go Long at this level. SL at 1.0620. TP at R2
Τρίτη 24 Νοεμβρίου 2015
Technical Analysis USD/JPY
USDJPY 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 122.65.
Technical Analysis EUR/USD
Selling EUR/USD, as the pair reached a peak this morning at 1.0670 only to drop back to 1.0634. Despite good fundamentals from German IFO figures, the overall trend remains to the downside. MACD has just crossed over and EMA5 has just crossed over EMA10 indicating a possible movement to the downside in the near term.
Technical Analysis AUD/USD
AUD/USD is turning downwards, forming a potential wider double top pattern. This trade gives us a potential 1:3-4 R:R target, or even more if a double top neckline (S1) is broken and price falls lower
Technical Analysis GBP/USD
Sell gbpusd on the breakout of Asian session trend line and high test bar bouncing off last week’s low price.
Technical Analysis AUD/USD
From my analysis, price has just resume and upward movement on the 4 hour chart. Dropping down to this intraday chart of 30 minute you will agree that fractal minor resistance has been broken. So for intraday purposes price may target the high of Friday 21 Nov, 2015 which comes in at .7247. My target is 3 pips short of this high. I wish you all the best with your trading
Technical Analysis EUR/GBP
Price has pulled back to a major support/residence area. 61.8% retrace of previous high and also corresponds with the up slopping trendline
Technical Analysis GBP/USD
With expected dollar strength we wait for this short term strength in cable to get a good entry short. Entry from resistance at 1.5195 at the 61.8% with stop just above next resistance and our first target TP at recent lows gives us a R:R of 1:3 with potential for a bigger move to the downside thus increasing our risk to reward. Money management – after a 50% move in our favor we can move SL to BE and trail down or once in a risk free trade take half off at 1st target and let the rest run.
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Technical Analyis GBP/USD
- At Pivot, price weakening. Short at this level. SL at 1.5230. TP at S2
- Or, at S2, price stop falling and recover. Buy on reaction at this level. SL at 1.5030. TP at Pivot
- Or, at S2, price stop falling and recover. Buy on reaction at this level. SL at 1.5030. TP at Pivot
Δευτέρα 23 Νοεμβρίου 2015
Technical Analysis EUR/USD
Selling EUR/USD, as the pair has been dropping despite better than expected Eurozone PMI given to the strong dollar bulls, as well we can see EMA5 has crossed over EMA10 to the downside on M5 indicating a move to the downside is probable. RSI as well hovers below its mid-lines indicating a potential move to south territory for further EUR/USD shreds.
Technical Analysis GBP/USD
Black lines are high and low swing points for the last 2 weeks for gbpusd. Current candle is making a PIN bar on Support turned Resistance, last week’s low. If price ends below and PIN bar enter 1:1 ratio 15 pips.
Technical Analysis EUR/GBP
EURGBP continues trading in range. Price is retesting resistance at the 0.7020-30 area. In the event that values of resistance hold,
it raises the possibility of prices returning to values of support. Alternatively a breakout above 0.7030 would signal an end to current range market.
it raises the possibility of prices returning to values of support. Alternatively a breakout above 0.7030 would signal an end to current range market.
Technical Analysis USD/CAD
USDCAD just showed a massive bearish engulfing candle off a significant resistance level. Go short at the bottom of the candle at 1.3409 with a stop above the high at 1.3440. Hang on for a 1:2 Risk:Reward level of 1.3347
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