I'm going to be watching usd/jpy like a hawk for the next few weeks. Many fundamentals are going to need to be considered at this time along with our technical analysis. There is a potential to see a strong yen leading into possible regulations on artificial weakening of Asian currencies. This plays in with the key levels we have been watching. We saw a push to...
Price is currently sitting near monthly round number level. I'm expecting push up to the 50% retracement area along with triple top formation for extra confirmation for short entry then continuation to next 250 pip quarter level. This is in conjunction with my prediction that japan might receive tariff exemptions from the U.S. thus strengthening the Yen.
Three areas labeled in the chart could serve as support for the falling EURUSD. 1). Area around the center of the descending channel. 2). 50.0% Fibonacci Extension 3). 61.8% Fibonacci Extension and round 1.22 level. I'm still short 3 lots and up +200 pips across them in total. Will keep a close watch as this is a countertrend trade, although trade sentiment...
Analysis of supports/resistance, along with volume & patterns recognition. Profit taking will be done at round numbers for an increased safety.
20.000 will be great physicological number for bubble to boom .. :p
Beginning of an uptrend and great opportunity to profit! Waiting for the bouncing in a particular spot (number 1) where lot of things happen: resistance turns into support (red line), touch with support line (blue line), round number 0.69, fibonacci level (0.5)!! Enjoy
By default I am bullish the Euro as economic data shows growth/positive in the past weeks and positive development on the German political issues (Merkel and co). I am somewhat Bearish on the USD with bets that investors still thinking off the inflation worries stated in FOMC meeting, the tax reform uncertainty. Though this is at least for Monday as plenty of U.S...
Waiting gold to spike down the lows and reject them. If it will reverse on the support I'll buy untill the 1300 zone. Levels marked on the chart... Best of luck :-)
- Price is currently moving in an triangle - The ascending (triangle) trendline is being supported by a round number and Fib retr. EMA‘s might indicate a bearish movement in the future but the bullish supporting criteria is is strong - EMA‘s could end up losing it‘s force
On the chart i marked 2 circles - red and green , green will be the price zone to buy after a false break down and red will be the sell zone after a false break up. Also red zone will be the 38% retrace zone of the last move down - i didn't marked it because i don't want the chart will be to messy. Anyway, the really important idea here regardless to the buy /...
Broke through 50EMA + pullback Found resistance on round numbe Failed breakout on 23.6 fib
- Price found support on the round number resistance 3x - The fourth touch ended with two dojis(indecision) - A triple formed with the doji’s (round number, trend line from ascending triangle, fib support) - On the other side you have an HS formation with proper backup from the ema crossing - would wait for a signal bar to enter
Price reached a major support zone as you can see, So i'm looking to buy after some accumulation. and reversal pattern Best of luck :-)
This pair is testing it's previous structure at the round number @0.7800. The level has proved to act like support. We expect to see a continuation of the downtrend. Exciting things coming soon, happy trading guys!
Today is going to be a very slow day with little event to trade on. The most important news today is the UK and US' PMI number. Even though they are expected to be bad, my statistic shows it is a better odd for them to beat expectation. On the other hand, I think EUR will be negative although not by much. The sentiment for EUR, GBP and USD are: - EUR: Net...
My statistical studies shows that GBP hard data release today is likely to be dissapointed. CAD will also have somewhat dissapointed data in my opinion, however relatively it will have the smallest "dissapoinment gap" amongst the Majors. In addition, today we will have 2 speeches coming out from MPC Member Broadbent and the BOE Governor Carney, both of whom has...
Its round number and very strong resistance and its also a demand area if you trade S&D, trade light and wisely. Conservative target might be better.