AlexKl

AlexKl Updated 

Waiting for a pullback to around the 106 level to add long positions. TP1 108.40 (38Fib) TP2 110.90 (+61Fib) TP3 114.80 (100-127Fib and long term multiple top) Good luck.

AlexKl Updated 

Cad pairs have been very tricky of late although reasonable data out of Canada, this currency is getting hammered across board. No exception with the Aud/Cad pair. I'll be watching PA closely now and be very wary that the top range at around 1.0330 could still be tagged before a down move happens. TP ranges on the chart.

AlexKl Updated 

With oil output cuts extended, improving Cad economic data along with interest rate hikes before lagging ECB, this as a possible long term scenario. Potential zone at 1,43-1,40 will be key factor for reversal when the ECB tapering starts getting priced in. Should oil not play along then expect Cad to get weaker until Governor Poloz steps in. Max weakness will be...

AlexKl Updated 

in addition: Completion of butterfly bullish pattern at point 0.7430 which I will then watch PA for any possible buys. TA seems a lucrative trade with TP to 0.7560 in extension to 0.7720 FA after today's Aud consumer confidence bad data, this pair should show some correction around the pattern end before moving up again. Notes: 1/ watch support of double bottom...

AlexKl Updated 

Possible pattern in the process. Selling the daily break at around 0,8790 for target 0,8710 in extension to 0,8660 Economic factors to note: 1/ 04.12 Euro Zone PPI (good and bad = neutral) 2/ 05.12 GBP Retail sales 3/ 05.12 Markit Services PMIs 4/ 06.12 ECB non-monetary policy 5/ 07.12 Euro GDP !!! 6/ 08.12 GBP Production figures and GDP estimate !!! 7/...

AlexKl Updated 

Bearish cypher in the making with target 0.9960 in extension upto 1.0090 If the trend at 0.9820 is broken on the daily TF, then I will be looking at PA to start building some long positions. Looking at max 2 weeks for this to happen. Events to consider: 18.10 USA Building permits 19.10 USA Jobles claims 20.10 USA Existing home sales 21.10 USA FED Yellen...

AlexKl Updated 

Currently have a bearish cypher pattern in the making and with current global economics situation (i.e. global tensions subdued, Japanese elections done and dusted) there is little evidence this won't be achieved. Looking at ca. 2 weeks for this to happen and not in a straight line so will be looking very closely to PA as the events occur. Good Luck! Events to...

AlexKl Updated 

Possible trade idea: Waiting for the pattern to complete then watch price action along with news on the days for the move up. Bullish as market starts to price in the possible QE tapering by the EU. So I'm not looking at GBP weakness but more on the EURO strength. TPs on chart

AlexKl Updated 

Looking like this year's trend line is being broken. Waiting for second confirmation, then TP 1 in range. Rest on the chart. The specific TP lines only valid if oil holds and at least starts moving up again.

AlexKl Updated 

Retracement now to around 144.30...price action will tell us if further to TP 2 and TP 3 later. Major Factors: - Elections coming up - decrease in UK economic indicators - no hint of rate increase in the near future

AlexKl

Looking again at a trendline break. Notes on chart Price action at lower time frame once break is adament. No real data this week or next week for Aud so if favourable US data, then better confirmation for shorting this pair. last idea did not get published for whatever reason.

AlexKl

Possible long till 10580 (1) and thereafter to 10702. Anything favourable with NFP on Friday and elections next week will complete this no doubt.

AlexKl Updated 

I'm long but with tight SL as it is Friday we can have sure volatile day. Disclamier notice here ....lol

AlexKl

Long based on the daily chart and support at 9730 holding. Furthermore, RSI is indicating oversold and well below 30 i.e. 20 benchmark and now in an upward direction. The buy trend could be expected to last around 2 weeks. Important news events till then that could have an effect on long positions and PA. 13.05 Germany and Eurozone GDP Figures 18.05 Eurozone CPI...

AlexKl Updated 

Double Top. Oil closed on 24-11-15 at 41.91 Oil closed on 26-04-16 at 44.63 if oil does not hold and goes lower, I believe this will be a good sell opportunity.

AlexKl

Long if daily holds on blue support line.

AlexKl

in Short when top of the hourly channel is reached and retraces.