Price reacting above ascending trendline support.
Price also holding above both short and long term EMA
MACD also entered bullish territory.
Price needs to surpass 16.10 in order to validate a clear bullish rise.
I know there are a lot of levels I look for bullish liquidity there. It is only because the market presented me with a lot of levels to "play" with.
I am technically bullish on the Singapore Dollar (SGD) in spite of the recent easing policy of the currency. There is a positive correlation between the SGD and the STI it seems at the moment hence I am looking to...
In the wider context, I am bearish Sterling. However, I am anticipating a range-bound price action today BUT I will only take "level rejection" to short this pair. I am looking for bull traps at the levels I have marked on the chart.
No risk events for the U.K and Switzerland
The 20-day ADR was missed on Thursday and Friday. Moreover, the 20-week AWR was missed as well (both upside and downside). Price expansion is much expected next week. I am still bearish GBPJPY hence I am looking for bull traps at the levels I have illustrated on the chart
Expect updates in the trading days next week in reference to this post.
Please check the post below as reference for this "review"
To the readers who were LONG biased USDJPY, it is fair to say USDJPY moved almost 100% as we anticipated. We anticipated USDJPY would hit the 20-week AWR upside projection and it did not. This week is a...
This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore.
I do see scalping opportunities (in 15 min or 5 min...
I am intraday bearish bias for EURCAD. I have fundamental rationale to be bearish on the Euros but I don't for Canadian as of now.
The daily range yesterday was 61 pips whilst the 20-day ADR was 63 pips. I consider that as a hit. However, there is still more "space" to fill for this pair hence I am targeting the 20-week AWR downside projection.
I look for a...
I am intraday bearish bias for Sterling today (both technical and fundamental rationale). I have marked levels that, if reached, will wait for a bearish signal. Price could go further down without tapping in these levels, which I would not chase. Let the price comes to me.
The daily range yesterday was small compared to the 120 pips 20-day ADR so I am expecting a...
I am still bullish Brent for both technical and fundamental reasons. Fundamentally (and I am extremely oversimplifying this) am on the side who thinks 10-weeks restoration of the oil pipe/oil production is too ambitious and all a smoke screen.
Technically, the daily chart still tells me we should be bias on the LONG side and P3 Bullish activation happened...
I am bullish CADCHF at the moment. I missed the "anchor" signal yesterday but there are still opportunities to buy the dips. I am looking at 0.74560 - 0.74650 price zones and 0.74300-0.74400 as an "anchor" to long this pair towards the 20-week AWR upside projection or the levels at 0.75100-0.75200 depending from which price levels I long this pair
There are no...
Yesterday's trading range was 70-72 pips whilst the 20-day ADR was 102 pips. In a day when there was a risk event (political) and there was a stop hunt spike during the London session, it is indeed a bizarre day.
After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a...