Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
I do already have a USDJPY short play currently but that is based on the 1hr chart, this is essentially the same play but enlarged on to the 4hr which offers me more room for profit. The expected target for this 120.50 as opposed to the 1hr chart, the target is about to get hit pretty soon
Pure technical Play that I just entered last hour. Price has breached n tested multiple areas of resistance and finally to come down with the down side sell pressure is now accelerating in which Im basing my play off of. Expected price target is 1.9500
Attached to this is the before image shot + the analysis n the rationale behind it. Price just reached its target now, banking in over 250+ pips in profit! Should price keep falling the CS levels are the ones to watch
This is more of a mid-term/long-term view on platinum and commodities in general. Im very bearish in all commodities and metals until the trendline gets broken. Commodity should be the headline focus in the coming weeks and months in my opinion and Im expecting a price target for Platinum of around 833.00
There is currently alot of selling pressure right now due to Greece situation and the sell off in China. As a result, alot of commodities are selling off right now and Natural Gas is no exception. Even though price has been channeling the last couple of months, I'm using the fundamental climate as a catalyst for it come down to test the lows with a potential...
Another trade that I'm currently in. This trade is based off the risk-aversion fear that is currently exists right now due to everything related to Greece and the Euro which is playing out across most equities indexes in general. As always, as long as the green trendline holds, I'm expecting further selling pressure and the downtrend to continue. My target is at...
Again I'm a little late posting this trade because I was abit busy doing other things but I am already in trade few hours ago. The rationale is very similar to my GBPUSD Short play on the daily but this is broken down on the intraday level. I am aware alot of people were either long or bullish biased but I knew the uptrend momentum has already faded as explained...
Same follow through as the daily chart analysis I posted just on a bigger time-frame as the momentum to the downside is very strong. (also confirmed by the monthly) Using the dark yellow line as the trend-line, as long as its holds, I'm expecting the downward pressure to continue with an expected target of around .6950
I'm in this trade as of couple of weeks ago and it is along the lines of the other GBP pair analysis that I have posted here. This carry through momentum of both GBP strength and relative JPY weakness across the board is definitely flowing through to this pair. Again as long as the Green trend-line holds, I remain bullish with a potential target of around 2.1500
Ever since the start of the year we have seen a bounce back higher for oil ever since the massive drop late last year. That consolidation and the pullback higher can be seen green line being cracked finally in the last couple of days. Because of this and along with all the things going on with the EURO right now, I am anticipating a further push down to a...
The USDCAD is clearly showing an uptrend for both the Monthly and the Weekly. However right now after an initial breakout at the start of the year it has pulled back abit and somewhat consolidating The green line shows the uptrend and as long as that holds expect the bullish momentum to continue and we could see a target of 1.3950 if the UPPER yellow box gets...
The combining factors of BOJ easing, USD rally across the board and the upcoming events in the Euro makes for a weaker yen in general which means to be bullish on the USDJPY. The monthly chart confirms this and the picture is very clear on the weekly. After the initial break out to the upside and then the subsequent consolidation the last 6-8 months, we are...
With interest Rate News buzzing it is time we assess what the markets are going to be doing in this post market update. With June in the rear view mirror and interest rates untouched, it appears we have some time for a little bit of a rally as depicted in the chart above. The Gartley pattern above suggests a move to the 1.618 extension of that BC leg as always....
BUY USDCAD WITH StopLoss 1.2578 Target 1.2640 Comment and share your views Skype tayal.smith1
BUY USD/CAD ABOVE 1.2405 WITH StopLoss OF 1.2385 Target 1.2445 Skype tayal.smith1
SELL GBPJPY WITH STOPLOSS 192.52 TARGET 191.60 Skype tayal.smith1