chanalastair

chanalastair

EURUSD has been on a sideways movement since last week. With major news this week, we begin to see some strength in USD as the markets grapple with economic and earnings news, likely to be not so good for the markets in general. Expecting the retracement from Monday's push downwards to the 680s and 690s range and if it holds in this area, the downward trend will...

chanalastair Updated 

EUR will take ride up as US Dollar takes a short beating.

chanalastair

The potential upside for USD against CHF. Technicals suggest that the resistance turn support zone may be some sort of accumulation or consolidation of some sort. Strong long term trend so far, squeezing near the S/R zone.

chanalastair Updated 

Important long-term support at 0.8400 range, possible long position available. Divergence on RSI as well.

chanalastair Updated 

Looks like it's at a support on a channel. I am looking to short the pair if it breaks the critical area it is right now. Will update after Wednesday's news.

chanalastair Updated 

Both positions seem possible. It really has to depend on price action here. Will remain flexible till something major changes.

chanalastair

JPY weakness across the board, however, CHF is not any much stronger. I see a critical struggle here at 112.00.

chanalastair

Strength continuation in GBP Weakness in USD through the year. Sticking to the same setup.

chanalastair Updated 

CADCHF tops at resistance of 0.78600 Looking at TP of 0.76000 support.

chanalastair Updated 

W Formation in play at support USD recent strength

chanalastair Updated 

EURUSD still bullish. Bought in at 1.17920 on Friday (11 August 2017) with the intention to hold for awhile. It broke a major holding point few weeks earlier and now the 20 EMA seems to provide a good support. Analysis points: 1. Support from 20 EMA 2. 2 candlestick signalling buyers at 1.17100 3. The weakening of USD continues in 2017. 4. Continuation of trend...

chanalastair

GBP USD moving north. With Brexit still going on, there is still a lot of room upwards for the Pound as US Dollar continues to weaken. EP: 1.35000 SL: 1.28000 TP: 1.49000 R/R: 1:2 This will play out till early 2018 (I reckon about February 2018).

chanalastair

Analysis on USDJPY Looking for a short opportunity below 108.300 1. double top at 114.400 2. 'M' formation gives an indicator for more possible shorting of USD against YEN. 3. Further weakening of USD as per the trend for 2017 This has a 60% chance to play out, it may remain in the channel like it has through 2017 between 118.635 and 108.300. I do see a chance...

chanalastair Updated 

USD to strengthen through the rest of the year. I am assuming here that the pair continue to respect the channel and in the short term continue its path up.

chanalastair Updated 

Even with USD strengthening, I do see commodities doing well with the uncertainty on political instability. That also means AUD$ will do well over the short term. With the R/S holding its position, I am looking for AUD to do well against USD.