Τρίτη 5 Ιουλίου 2016

Technical ANalysis EUR/USD

In longer term (Daily TF) the FX pair is bear. H8 is also bear but some kind of correction is or was in development. If the correction keeps growing than it may form a complex one. One thing is clear H8 players did not give yet any signal that they want to turn down. And this can mean also that the correction level is on daily TF. H2 players are more questionable. And it seems the players are moving downward. But there are still no signal to think about a new short. Which means better to wait and get ready for LONG after the move. TP is R1.
Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.

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Δευτέρα 4 Ιουλίου 2016

Technical ANalysis AUD/USD

The US Dollar broke the 0.752 resistance against the Australian dollar. Buyers are now aiming to test resistance at 0.755 with a break above that exposing the 0.7590-98 area. Alternatively, a reversal back below 0.75 opens the door for a challenge of 0.745.
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Technical ANalysis GBP/USD

Cable remains within its intraday trading range between 1.3215/1.3346. Order Buy on a breakout above intraday resistance for gap resistance above at 1.3504. Order sell at 1.3195 on a break below 1.3215 support, stop loss 1.3230, for the next support level at 1.3121.

Technical ANalysis EUR/JPY

Early EURO session was pushing the pair down making lower highs, price moved below 50SMA and turned 114.34 support into resistance. Sold at 114.27 for 12 pips

Technical ANalysis GBP/USD

Downward momentum is confirmed on a daily and weekly timeframe on GBPUSD. An opportunity to profit from an expected breakout to the downside emerges. Go short if market makes new lows at 1.3270, with a stop above the swing high at 1.3303. Target a 1:2 Risk:Reward at 1.3204.
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Technical ANalysis AUD/USD

Aussie has closed the gap down and surged higher. Playing to the trend looking to enter on the pullback at support 0.7502 which is also the 50% fib retracement stop just below support at 0.7485, Target is set at 3 x risk however with resistance at 0.7520 we will keep an eye on price action and adjust risk accordingly.