The pair has a very strong resistance at 0.7150. Following a downtrend together with a steep downtrend that started on the 26th of February and retesting the resistance level the decision would be to go short on this pair.
Δευτέρα 29 Φεβρουαρίου 2016
Technical Analysis AUD/USD
After a strong move down on Friday 26/02/2016 there is strong resistance at 0.7170 where EMA200 and EMA 20 are now.
Technical Analysis EUR/JPY
Even then this fx pair is in a upntrend move since 24 FEB, the price broke our strong support S1 and the uptrend trendline so gives us a good signal to go short on this pair
Technical Analysis AUD/USD
With recent big moves to the downside and fridays lack of movement in either direction the aussie could be set for further falls.
Play a retrace up into resistance at the 50% fib level gives us a good entry and allows us to keep a tight stop just above further resistance keeping R:R 3:1
Play a retrace up into resistance at the 50% fib level gives us a good entry and allows us to keep a tight stop just above further resistance keeping R:R 3:1
Technical Analysis USD/CAD
No change on the trade setup. As stated Thursday “Ultimately we are still bullish medium term on this pair unless 1.34600 breaks on a closing basis”. Looking into the pitchfork angle we are on our medium term axis at the 61.8% retracement of the decline and USoil hit a 127% extension at 33.45 at the same time therefore we are still looking for longs for a full recovery back to the 50%-61.8% move. BUY usd/cad on a pullback to 1.35000 area with a 40 pip stop looking for 1.37000/1.38000. You could also BUY on a break of the H4 inverted Head and Shoulder pattern (1.35600 area) should it play out with tight stops below 1.35000.
Technical Analysis EUR/USD
The fx pair is still in uptrend on Daily TF and longer term one new high is expected in a third wave. And it seems the ongoing pullback will become more complex correction. This can be changed if the smaller TF players will become more strong. On H8 TF the bears are dominated but still without Daily support. On H2 one more downswing is expected. Short can be a good idea but not with a longer run.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
Technical Analysis USD/JPY
At Pivot, price consolidated and recover. Go Long at this level. SL at 112.55. TP at R2
Technical Analysis EUR/USD
EUR USD. After a free fall on Friday price has consolidated through the Asian session, looking for a retracement towards the daily pivot area, although there may not be enough buyers to get it there , will look for a reversal and momentum to the downside for another move lower.
Next major stop 1.0800 then possibly 1.0500 after in the next week or so.
Next major stop 1.0800 then possibly 1.0500 after in the next week or so.
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Παρασκευή 26 Φεβρουαρίου 2016
Technical Analysis AUD/USD
AUDUSD continue to consolidate after finding resistance level at 0.725, the potential for a move above the resistance seems possible. Alternatively a turn below 0.715 would suggest price returning back in the direction of 0.7
Technical Analysis EUR/USD
Sell at 1.1070 where there is strong resistance and the EMA200 is also around 1.1070.Still think overall trend is down so sell rallies at a downtrend.
Technical Analysis GBP/JPY
This fx pair is in a downtrend move since 18 FEB . A strong resistance together with the downtrend trend line and with the Bollinger top, it gives us a signal to go short on this pair.
Technical Analysis USD/CAD
As stated yesterday “Ultimately we are still bullish medium term on this pair unless 1.34600 breaks”. Looking into the pitchfork angle we are on our medium term axis at the 61.8% retracement of the decline and USoil hit a 127% extension at 33.45 at the same time therefore we are still looking for longs for a full recovery back to the 50%-61.8% move. BUY usd/cad on a pullback to 1.35000 area with a 40 pip stop looking for 1.38000. SELL usd/cad at 1.38000 area with 40 pip stop looking for channel bottom. Be aware that we may have ended the decline yesterday.
Technical Analysis EUR/USD
The fx pair is still in uptrend on Daily TF and longer term minimum one new high is expected in a third wave. And it seems the ongoing pullback will become more complex correction. From one side H8 longer MA could turn the movement back to bear but after the divergence over 34 it opened the way for the bulls. And the second version has got more percentage. H2 at the moment bull. And if most H8 players stand to their sides (longer MA falls) than LONG positions will be really good to take with the minimum TP of R2. Also it is good to mention that there is an alternative option in H2 chart. It is good to keep in mind. Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
Technical Analysis EUR/USD
At Pivot, price consolidated and recover. Go Long at this level. SL at 1.1015. TP at R2
Technical Analysis EUR/USD
EUR USD. Price has broken out of consolidation and through the key Figure of 1.10500 next stop will be testing the 200ema where price will most likely pull back to some degree, then head higher, this will be the entry point in the area of 1.10600. Daily chart has beautiful
Πέμπτη 25 Φεβρουαρίου 2016
Technical Analysis EUR/USD
We have a valid downtrend with STRONG resistance at 1.1040 and a double top. So we go SHORT at 1.1030 with TP 1.1000 and SL 1.1050
Technical Analysis EUR/USD
Since we have a considerably strong level of resistance at R1 I advise to place a pending SELL order at 1.1048 and aim for profit at price level 1.1005 which is around the same level of our 4-hour uptrend line.
Technical Analysis GBP/USD
GBPUSD showing no sign of wanting to fill the gap from the weekend and continues to be negatively impacted by UK "Brexit" concerns. This is likely to be the continuing dominating them and the pair may best be traded to the downside until this overriding market concern changes.
Technical Analysis USD/CAD
Back to Range trading until proven otherwise. BUY usd/cad on a pullback to 1.36850 area with a 40 pip stop looking for 1.38450. SELL usd/cad at 1.38450 with 40 pip stop looking for range bottom. If you are selling be cautious of the break of the down sloping line as shown. Ultimately we are still bullish medium term on this pair unless 1.34600 breaks. On the daily 1.35500 is the 61.8% of the down move and also today’s support 2 pivot point should we get there.
Technical Analysis EUR/USD
EURUSD has broken a previous H4 downtrend and is in an H4 uptrend. We are approaching the downside of this channel which is also a conjunction of an old horizontal broken resistance and the top of the previous channel broken (S1)
We are expecting a bullish reaction at S1.
We are expecting a bullish reaction at S1.
Technical Analysis EUR/USD
The fx pair is still in uptrend on Daily TF and longer term minimum one new high is expected in a third wave. And i seems the ongoing pullback will become more complex correction. H8 from one side still strongly bear but after the yesterday formed divergence it opens the way for the bulls. H2 does not help in the decision but rather makes it more complicate. Shown several options for final with a “green square area” where the market can form also more options. To trade better to wait for the next and better to get ready for LONG if R1 falls.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
Technical Analysis USD/JPY
At Pivot, price consolidated and recover. Go Long at this level. SL at 111.65. TP at R2
Technical Analysis EUR/USD
EUR USD. Treading carefully today, price may form a small Triple top around the 1.0500 area and then fall to make a new low. However, should the daily pivot hold strong we may see price head higher and start making new highs, will look for a short option around Euro open with momen
Τετάρτη 24 Φεβρουαρίου 2016
Technical ANalysis EUR/USD
The Euro turned higher against US Dollar after finding support at 1.096. As long as price is contained by 1.10 support, upside remains possible. But a convincing closing 1H bar below 1.0950 is needed to trigger another leg lower in the pair.
Technical ANalysis EUR/GBP
The pair broke trendline at 0.7870, we have falling momentum, MACD is starting pointing down, overbought level at 1HR and 4hr timeframe. On daily chart we have resistance at 0.7896.
Technical Analysis AUD/USD
This fx pair is in a uptrend move since 19 FEB. A strong support (S1) together with the uptrend trend line also with the Bollinger bottom it gives us a signal to go long on this pair.
Technical Analysis USD/CAD
(3 point confluences are normally target areas). BUY usdcad on a pullback to 1.37700 area with a 40 pip stop looking for a 127% extension up to 1.38930 which confluences with R2 pivot point and previous highs. Stay nimble and nibble on longs using tight stops. Should 1.38190 break and run up, wait for a pullback and reversal signal to enter on the M5/M15 chart. USoil has a gap to fill at 30.50 so watch this closely.
Technical Analysis EUR/USD
EURUSD has broken a previous H4 downtrend and is in an H4 uptrend. We are approaching the downside of this channel wich is also a conjunction of an old horizontal broken resistance and the top of the previous channel broken (S1)
We are expecting a bullish reaction at S1.
We are expecting a bullish reaction at S1.
Technical Analysis EUR/USD
The fx pair is still in uptrend on Daily TF and longer term minimum one new high is expected in a third wave. It seems the ongoing pullback will become more complex correction. H8 still strongly bear therefore it is good to expect one more downswing. For its TP still do not expect too much because Daily TF still bullish. H2 is sustainably bear. And for today it can give good SHORT positions with the max TP of S2 before the market will head up again.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.
Technical Analysis EUR/USD
EUR USD. Similar setup to yesterday, price is retracing to 50% around the daily pivot, coinciding with a downward sloping trend line and S/R areas looking for price to make a new low after a quick spike at Euro open, going short with the momentum to the next level.
Τρίτη 23 Φεβρουαρίου 2016
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Technical Analysis USD/CAD
We have a valid downtrend and a very strong resistance. If the price will close under 1.3740 we go short at 1.3735 with TP 1.3690
Technical Analysis USD/CAD
Pair is still in downtrend as EMA200 on daily and 1hr is pointing down. There is good resistance and 1.3735 and currently indicators are at overbought level, stochastic mainly. I think it is a retracement from low 1.3660 and using fibs it is at 0.618 retracement from swing high at 1.3776 and swing low at 1.3660.
Technical Analysis USD/CAD
This fx pair is in a downtrend move since 11 FEB and also since 19 FEB . A strong resistance together with the uptrend trend line (which is retested once ) and with the downtrend trend line from 19 FEB also with the Bollinger top it giv
es us a signal to go short on this pair.
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Technical Analysis USD/CAD
Range Trading. BUY usdcad on a pullback to 1.36700 area with a 40 pip stop looking for 1.37750. Sell on a rally to 1.37700 with 40 pip stop looking for 1.36400 or new lows.
Technical Analysis USD/CAD
AUDUSD is approaching a conjunction of an H4 Downtrend resistance line and horizontal H1 level (R1).
We expect a bearish reaction here to S1.
We expect a bearish reaction here to S1.
Technical Analysis EUR/USD
The fx pair is still in sustainable uptrend on Daily TF and longer term minimum one new high is expected in a third wave. But after the yesterday’s move there is a change and it seems the expected pullback will become correction. H8 still strongly bear therefore it is good to expect one more downswing. For its TP still do not expect too much because Daily TF still bullish. H2 strongly bear. And for today it can give good SHORT positions with the max TP of S2.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts
Δευτέρα 22 Φεβρουαρίου 2016
Technical Analysis EUR/USD
EUR USD. Key daily support at the 1.10700 figure was broken to the downside last session, looking for price to retest this level from below, in the same area price will coincide with 50ema, 50% retracement of the last move down and also a downward sloping trend line. Looking to sell around this confluence area after market open and ride the momentum downward. Price may fall down to the 1.0800 level over the coming days.
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Technical Analysis USD/CAD
Range Trading. As long as 1.37200 holds (61.8% retrace) BUY usdcad on a pullback to 1.37300 area with a 20 pip stop looking for 1.38050. Sell on a rally to 1.38000 with 20 pip stop looking for 1.37300 or new lows.
Technical Analysis AUD/USD
Overall daily and weekly trend is down indicated by EMA 200.Although on 1HR the price is above EMA20 and EMA50 it is in daily R1 pivot levels,overbought at stochastics.We have a trendline break also.
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