Hi All A few weeks ago I posted about USDCAD and the monthly bearish engulfing candle printed in Jan 2019. After a slow retrace - I think we are now at the point of reversal. After a stop hunt after the CAD rate news yesterday, it has started to cycle lower. I am expecting this to actually end up at around 1.2600 if you're feeling brave enough to hold it for...
Hello traders. During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak. The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position. Here's why.. CHF Pairs:...
Good morning traders, the London session is well under way now and we have an excellent opportunity to go long on the EUR/GPB as we see the pair breakout to the upside. In the background we see all GBP pairs falling and all EUR pairs rising in price - here's a breakdown of each pair since the start of the London session. EUR Pairs:...
Hello traders... The New Zeland Dollar continues to see heavy selling across all currency pairs as we continue through to the New York session. Fresh strength is now coming in on the Swiss Franc giving us a new opportunity to short with the NZD/CHF pair. Here's a breakdown of each pairs price movements since the start of the London open this morning: NZD Pairs:...
Good morning traders. The London session is well underway this morning. Since the start of the session the USD is gaining points on all pairs whilst the opposite is true for the NZD. The combination of strength and weakness between the two currencies makes the Kiwi Dollar an excellent pair to short. USD Pairs:...
Good morning traders. The Kiwi Yen is breaking support to the downside with weakness in the NZD pairs & supporting strength from the Yen. Here's the performance of the two currencies since the start of the London session this morning. NZD Pairs: NZDUSD -0.33% NZDCHF -0.34% NZDCAD -0.17% NZDJPY -0.34% AUDNZD +0.13% GBPNZD +0.19% EURNZD +0.24% JPY Pairs:...
With the London open well underway, the Canadian Dollar is losing points across all pairs. This gives us a low risk opportunity to score some early pips for a quick profits if we play the CAD weakness against one of our stronger currencies. CAD Weakness: USDCAD +0.18% NZDCAD +0.15% GBPCAD +0.10% EURCAD +0.27% AUDCAD +0.06% CADCHF -0.29% CADJPY -0.46% Today's...
Playing GBP weakness against the strength of the Japanese Yen for a quick turn around. 60 pip stop loss with 120 pip take profit. This morning in the London session we have seen the British Pound continue its downtrend across all pairs: GBPUSD -0.11% GBPNZD -0.14% GBPCAD -0.04% GBPAUD -0.02% GBPCHF -0.19% GBPJPY -0.31% EURGBP +0.16% The strength in the...
Hello all I think the related trade I posted previously about AUDUSD may now be taking shape I have reviewed the points where I was applying Fibonacci levels and I think we are just about to create a double bottom reversal Conservatively, you can wait until the last swing high is broken at 0.7070 However I am in at 0.6973 and a second entry at 0.6989 I am...
USDCHF -------------------------------------------------------------------------------------------------------------------- Haven't posted in a long time and it is only fitting that I resume with a major swing trade. Being a CHF pair, these pairs are one of the most respectable pairs as it relates to following the trend. If you are in it for the long haul, you...
Hi All I have entered another posiiton shorting the USD against CHF. I expect this to go lower due to weakening dollar and it is now cycling lower on the 1 hour time frame This is my next entry along side the related idea below. Thanks for looking Duncan DuncanForex.com coming soon
Expecting CXY to continue its long term weak trend. CAD/XXX = \bearish XXX/CAD = /bullish *Generally, XXX matters just as much!
Sorry for the mess of a chart. We are expecting AUD weakness over the next few weeks. AUD/XXX = \ bearish XXX/AUD = / bullish *Generally, (XXX) matters just as much!
WFC reported its 1st quarter earnings today, on Friday. The run down ahead of earnings was a technical pattern that indicated the stock was at risk of a run or gap down. WFC ran down as the market opened due to a weak report.
This is just purely technical analysis. Not an idea or signal. Trade at your own risk. Cheers :D
Hey everyone! This is a quick update video about this weeks trading opportunities on the main currencies euro and dollar. I hope you enjoy this and learn something about it. Let me know how you think about my video in the comment section.
AUDJPY ------------------------------------------------------------------------------------------------------------------- Currently in a 10 week range since Jan 14, 2019. Hopefully we can see some movements this week fitting for a King! I see a fall after testing daily supply and weekly trendline resistance. We find ourselves in similar waters as weeks ago...
What are your thoughts on NZD INDEX? We could see a short term strength back up to the top of the trend followed by nice weakness...?