Razvan

Razvan

The Aussie dropped more than 200 pips in a short period of time, so it took a short break. Everyone is expecting for the RBA to lower the interest rate to a record low of 2%, or at least to put pressure on the exchange rate at the next monetary policy meeting. But my TA is also bearish for the moment. I think that there is a high probability for the price to break...

Razvan

FXCM Inc looks like it is down more than 85% in the Pre Market.

Razvan

Hello there :) long time no see! I have noticed this interesting H&S on EURJPY which was confirmed. I don't think that the full target will be hit soon. If the price will break 148.15 I believe it will rally back towards 148.80 or higher in no time. The Japanese yen is falling, I see no reasons for it to gain in this period.

Razvan

Kiwi is also in a down trend. I am not that comfortable with the divergence drawn on the RSI, but the trend seems to be pretty strong. A break on the upside of this little range could get the price back to the channel's main line, while a break bellow would signal another drop for the NZD. So still short on medium term here, also...

Razvan

In my opinion, I don't think so. The Euro Area economy is not doing too good and Germany is limping. After today's monetary policy I believe the EURUSD will continue the descending trend. A break below the local trend line would signal the fall, while only a break above the 200 ema would signal a rally for the euro.

Razvan

On the GBPUSD a Falling Wedge was drawn. In this case it could signal a bullish move. Bears are putting a lot of pressure on the cable because the rate hikes were postponed. From the technical perspective, though, a break above 1.6600 could trigger a rally to retest the trend line. A false breakout above the current resistance would be a negative signal. This is a...

Razvan

The price of EURUSD almost touched one year low. A positive divergence has been drawn on the H4 and Daily time frame so we could expect a bounce from the current levels.

Razvan

My main scenario for the EURUSD is still down. A retest on the last low could be done by the end of this day. The rest will depend on how dovish Janet Yellen will be at Jackson Hall. In the current context my target would be 1.3200 before Tuesday. Only a break above the local high could trigger a rally towards 1.3335 and above.

Razvan

What a nice bullish setup. A Hammer was drawn at the intersection of the big down trend and the smaller up trend lines. This gives a better probability for the Euro to start a rally, targeting, 138.00 or even higher for 138.50. A break below the demand area would signal a fall back towards 136.50/136.00.

Razvan

The ECB monetary policy press conference is almost here. I believe that Draghi will use this opportunity to push the Euro lower. The inflation rate doesn't look good at all. I believe that he will say nothing in the first part of his speech, creating some volatility and drag the euro down in his second part (or so I hope :) ). From the technical perspective the...

Razvan

EURUSD corrected, finally. At this point is moving sideways between the 100 and 200 EMAs. Keeping in mind that the main trend is down, we could expect a fall back to 1.3400. Only under this round level I would think that a new low could occur. Though the trend is down, I am expecting another rally. A break above 1.3450 and a close above the 200 ema would confirm...

Razvan

The price fell under 1.34, and it has just retested it. A break again above it can be a good short term bullish signal.

Razvan

The pound - dollar currency pair got to a cross roads. From September 2013 the 100 EMA has managed to keep the price above. At this point the MA is retested. We can presume that the price will bounce again and continue the up trend. But what will happen if the support will be broken? Interesting, no?

Razvan

The price continued to fall while the RSI (14) has drawn higher lows. Divergence plus 1.3400 (round number level) could trigger a correction. For the moment 1.3450 is my first target. I am still waiting for confirmation for the bounce. By the way, have you seen that the lows are closer to the channel's trend line? :)

Razvan

Nice fall for the EURUSD, I believe now that it is time for a correction. !.3500 target for an up move. For this idea there are some technical arguments. Oversold RSI, Rejection line of the down channel, high volatility.

Razvan

What an interesting situation for the loonie. The primary trend is still up, since the price was rejected from the trend line. An up side move is also sustained by the Falling Wedge, drawn during the past two months. A break above 1.0800/0837 would raise the probability for the US dollar to recover the loss. On a lower time span a break below 1.07100 could mean...

Razvan

Several pips off, but a side move started. After the CPI was published in line with the estimations, i believe that investors lost hope for the Euro to go higher. Waiting for the breaking below the lows to confirm my theory. 1.35 first target

Razvan

Can anyone say that Technical Analysis does not work? This is a very nice example of divergence at confluence area.