Monitoring support at 1.1070.
• EUR/USD keeps on pushing lower. The short-term
technical structure suggests a further
bearish move. Hourly support at 1.1070
(04/02/2016 low) has been monitored. Hourly
resistance lies at 1.1260 (10/02/2016 high).
• In the longer term, the technical structure
favors a bearish bias as long as resistance
holds. Key resistance is...
Strong volatility.
• USD/CAD has been very volatile over the past
few days. A bearish bias is still favored. Current
price action is following old downtrend. Hourly
support is located at 1.36392 (04/02/2016 low) and
hourly resistance can be found at 1.3911
(16/02/2016 high). Expected to see further
rebound.
• In the longer term, the break of the key
resistance...
We have entered a correlation trade between AUDUSD and NZDUSD this evening. The weaker than expected inflation numbers in New Zealand is causing the Kiwi to selloff while the Aussie hangs strong against the US Dollar.
This news has given us an opportunity to go Long NZDUSD while Shorting AUDUSD. The current spread is approximately 120 Pips on the hourly chart. ...
Ready to monitor resistance at 1.1387.
• EUR/USD keeps on pushing higher. Hourly
resistance lies at 1.1387 (20/11/2015 high). Hourly
support may be found at 1.0711 (05/01/2016
low). Yet, expected to show further increase.
• In the longer term, the technical structure
favors a bearish bias as long as resistance
holds. Key resistance is located region at...
Sell close to the down trend line or alternatively sell with the break of the up trend lines, either the most recent one or the longer term one.
Target 1: 0.7500
Target 2: 0.7450
Stop Loss: Above 0.7720
Spike or false break above the last high together with divergence and we have a sell signal.
For a more conservative entry wait for the trend line break
Target 1: $1100
Target 2: $1090
Stop Loss: Above $1135
Daily cycle has completed (double wave up) and we
can expect to see some bearish moves now.
To stay on the safe side wait for the trend line break
and confirmation (re-test and hold) before going short.
Entry - short once the TL is broken and the break is confirmed
Target 1: 121.50
Target 2: 120.20
Stop Loss: Break and close above 123.80 would invalidate our...
In the long term we can expect the pair to rally further but on
the shorterm term we can look to sell. Ideally we want to see
the price close to the bearish trend line and the price to form
bearish divergence. If the move up came in double wave
that would be an extra confirmation.
Target 1: 1.0850
Target 2: 1.0800
Stop Loss: Break and above the trend line and...
