BinaryPairing

BinaryPairing

April and July are key months in price action for lean hogs. This past year it seems people got smart and tried to pre-trade the historical trend, as evidenced from the earlier upswing to the earlier downswing.

BinaryPairing

BERY started off the year well, but took a very bad hit following missed revenues and continued US-China trade war actions. BERY operates in the materials sectors, in particular, plastics, and the sector has been very vulnerable to the trade war. After the recent gap-down, BERY is now finding support at its 61.8% Fibonacci retracement level. I would continue to...

BinaryPairing

Year to date, the pair has developed a support line trending positively. Also serving as further support is the 9-day EMA. I would wait for the pair to trace down back towards the support and then enter a long GBP position. I expect the first level of resistance will come at 1.3000, and following a break of that, around the 200-day EMA, currently at 1.3030. ...

BinaryPairing

EUR/CAD has developed a support line since the end of October 2018. It is now testing that support level again, while clearly below its 9-day Exponential Moving Average. Just going back over the last few months, the pair tends to trade closely to its 9-EMA, and with it now at its trend support, I think a bounce upwards is in store. You can see back on November...

BinaryPairing

USD/CAD has had a very negative start to the year. For a while, CAD was actually the best performing currency in the world, year to date. But has the pair finished its down trend? Since Wednesday, there has been significant consolidation and a stop in the decline. It dropped as low as 1.31804 before climbing back up slightly. I think given the significant level...

BinaryPairing Updated 

Hi everyone, this chart is by no means original, but still a fascinating development to me, and I'm sure some of you have seen already. The SPX weekly closed yesterday above its 200-day moving average, considered a major support between a possible counter-trend or a complete collapse in the price. This is positive news for bulls out there, as this could be the...

BinaryPairing Updated 

After starting the year with a wild plunge, thanks to the Yen flash crash, CHF/JPY has steadily been climbing upwards. It has hit a major resistance level after retracing from its most recent low to 78.6%, a significant Fibonacci level. In the midst of this retracement upwards, the pair has begun forming an ascending triangle (green lines). An ascending triangle...

BinaryPairing Updated 

The pair has had quite the week. Since January 2, the Canadian Dollar has been the best performing currency in the world. This comes even with the report of soft economic data on Friday. What surprised me the most was the fact that US non-farm payrolls crushed all expectations, yet the USD still weakened against the CAD. My only explanation is that there was a...

BinaryPairing

After starting the year with a wild plunge, thanks to the Yen flash crash, CHF/JPY has steadily been climbing upwards. It has hit a major resistance level after retracing from its most recent low to 78.6%, a significant Fibonacci level. In the midst of this retracement upwards, the pair has begun forming an ascending triangle (green lines). An ascending triangle...

BinaryPairing

USD/THB is in a down-down trend, as evidenced by the 3-6-20 MACD signal line and 12-26-9 MACD signal line. It is also trading within a relatively wide channel (two parallel green lines). I have included the 7-day Moving Average as well, because since the middle of December, the MA has served as a reliable resistance level that the pair has yet to meaningfully...

BinaryPairing

Hi everyone! The pair continues to move higher above the initial channel which was formed in October (yellow lines). As mentioned previously, that channel is broken now, with the pair ripping significantly higher. This has actually formed a new channel (green upwards sloping lines), that began at the start of December and has continued since. There was a bit of...

BinaryPairing

Sorry for the delay in updating the USD/CAD trend analysis! As you can see, the channel trend is clearly broken though now and the question is what is next for the pair, does it find new support and go higher, or is a counter-trend forming? On Wednesday, oil prices shot upwards, which led to a selloff in USD/CAD. For most of that day, the 1.3600 level was the...

BinaryPairing

The Dollar has retraced towards it Fibonaci level of 61.8% since its high in the beginning of January 2017. It has now found resistance at that level of $97.82, testing it since November 2018. Simultaneously, there has been an ascending triangle forming. You can see the base taking shape in March 2018. Usually this would imply a bullish breakout waiting to...

BinaryPairing

Yesterday I wrote how USD/CAD broke above its nearly 3-month resistance channel line on Friday and the possibility of a new trend taking place. This morning USD/CAD actually traded in a narrow horizontal channel, stuck below the 1.3600 psychological resistance line and around 1.3566. That changed this afternoon, when a breakout above that 1.3600 resistance line...

BinaryPairing

EEM is trending in a down-up counter trend. It has failed over the last 8 months to close above its Moving-Average on a weekly basis. I am using the 16-day Moving Average (representing 3 weeks +1 of trading days), but you can play with the period and you will see similar results. EEM is currently testing close to its 16-day Moving Average and near the top of its...

BinaryPairing

USD/CAD has broken out of its months-long channel trend. It is clearly in an up-trend that since early October 2018, has been trading within its channel lines. The one time it really broke from its channel trend, was to the downside, on December 3rd, 2018. This could have signaled the end of the trend right there, but the following session saw a bullish engulfing...