We are the minor crossroad right now. Currently, 0.782x seems to be a very nice support and there may be some of retracement or bounce up. But I am chill about it. I see it as a better chance to add another round of shorts positions from higher level. Aint that cool? It can (or) it may swing near 0.795x level. Sooner or later, we say see the price reach 0.7660...
Although the US Dollar recently rebounded against the Singapore Dollar, the currency pair is still set to decline in the long term. The reason for that is the fact that the pair is still trading simultaneously in two descending channel patterns. The most junior pattern shown on the chart was discovered only recently, and it is now providing the opportunity to...
We will be having Aunt Yellen Speech tonight. USD/CAD shall generally go higher but there are some dangers lurking. We have yet to see a retracement on the recent runup. Pls do not put any SL higher than 1.2250, as it can go to that level before It goes higher again. So, do not add long position aggressively. Trade Safe, s0nic Disclaimer : This analysis...
Now the election is over. Euro is in "Buy on rumor, Sell on news" mode. You can see the same scenario is happening on the APPLE price too. A lot of unsuspecting traders will think the euro will go UP as Merkel won, it often to the opposite. It is the same in Apple. Our analysis is doing fine as the market goes in our favor. Now it is at a little bit of...
As far as you can see, the recent swing back up to 4,000 level was the dead cat bounce. The dead cat bounce is failing at this moment. It may rang bound for a time being but is a matter of time to hit back old the support level to 3000 area. I am standing with BEAR. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and...
FED has no clue what they are doing. They are the price setter. They are to tell the market what to do, rather than letting what the market want them to do. I do not see, it will be having BIG crash soon "for now", but the retracement is very likely. It is decent to see we shall have some sort of retracement to 22150 or even slighly lower until the BULL come in...
AUD/SGD 1H Chart: Channel Down The Australian Dollar is trading against the Singapore Dollar in a short-term descending channel, which consists of four reaction highs and three reaction lows and, thus, might be broken already by the end of the week. Historically, the currency rate made multiple attempts to break to the top. However, each time these...
xxx/jpy pairs are on the rise right now with solid Bullish prica ation in weekly. It is likley to go do higher for now, but I am see 113.30 region will be one tough nut to crack. Let see how the price react at that level. Until them I am slightly bullish. I will not going short yet. Trade Safe, s0nic Disclaimer : This analysis not include personal...
XXX/USD: Mixed (GBP is very bullish while Euro is bear) Gold & Silver: Bearish (PMs are pulling back) XXX/JPY: Very Bullish USD/XXX: Slightly Bullish (USD is making a comeback) Indexes: Bullish (US index is a leader) Trade Safe, s0nic
Did you follow my Sell analysis from $4390 to $3652? Well Congrat. Nice TP hit on the BitCoin Short.. There may be some sort of rebound, this lil dream scam is going downhill further and further. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a...
Market has already run its course. There may be retrace or sort along the way, but it is a matter of time it will reach 1.345 resistant region. The whole structure of the market is still in BULLISH side. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies...
We will be having rate decision on CAD in few hours time. I am seeing massive Sell side of CAD is brewing. e.g. xxx/CAD shall rise further. There isn't much of Price Action to support but it can unfold to the bullish side of xxx/cad pair quickly. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on...
XXX/USD: Bullish (Euro is weaker than GBP) Gold & Silver: Very Bullish XXX/JPY: Bearish USD/XXX: Very Bearish Indexes: Slightly Bearish Week 36 (4 Sept 2017) Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable...
Currently, Gold seems to have lot of later followers and it would like to shake them out. The momentum of it seems pretty weak for now. So, I am expecting it can go lil lower first. Nonetheless, the mid term bull is still intact. I am still standing with overall bullishness as long as 1270 region holds. s0nic Disclaimer : This analysis not include...
The market has a wicked way to tease the traders, to test their strength and patience. Remember, we cannot force the trade. We can merely just participate. It has been a nail biting rangy period of Euro. One of the reason, Draghi is to speak over the week, so the traders are holding back their new trades. I am seeing the possible weakness of this pairs still...
This counter reminds me of Rowsley. I will want to wait for Bullish momentum. It has Upside "explosive" potential. My view holds still as long as 0.37 holds. Trade Safe, s0nic
This pair is tryin hard to break up but it is failing obviuosly. It will have a hard time break past 111.9 level. As long as the level is not broken up, I am standing with BEAR. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and...
Bulls are back in control after restest on the support level of 0.961 It might go back to restest resistant of 0.976 level. I am cautiously Bullish now. Trade Safe, S0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable...