Anakiin

Anakiin

A huge amount of confluences converge to the same area for a really strong technical buy. However tomorrow we have NFP that may mess any technical setup. Trade with care.

Anakiin

After an overextended run we have a nice short setup shaping up. Here are the confluence factors: 1) Rejection of 2 Downsloping trendlines (short term and long term trend lines) 2) Deceleration with high test 3) Rejection of Monthly Resistance line at 79.00 4) Rejection of Fib retracement 0.618 5) Rejection of the 50 EMA on daily 6) Stock RSI overbought...

Anakiin

USDNOK looks overextended with finally signal of deceleration with a reversed red hammer high test at the 0.5 Fib retracement at multiple key levels: 1) resistance at around 8.36 2) 50-60 EMA rejection 3) 200-250 EMA rejection 4) Downsloping trendline from July 27, 2016 5) 0.50 Fib Retracement We have also Stock RSI in overbought status on daily and a clear MACD...

Anakiin

Bounce off Key support level @14855 Bounce of 50-60 EMA Bounce of Up-sloping Trendline Bounce off Fib 0.5 retracement Stock RSI Oversold Fundamentals: BOJ preparing for massive QE (helicopter money?) Will be ready to go long against JPY. USDJPY one of the best possible pairs to trade long.

Anakiin

A good example when fundamentals align with technicals. Short was executed on a 4 hr time frame (on a break of a phase line on 5 min)

Anakiin

Weekly Swing. On Weekly time frame bounce of: - 50-60 EMA - 0.5 Fib - Low test as sign of bullish presence at multiple catalysts - Support @ 15.680 - Up-sloping Trendline (From January 11th) - Stochastic RSI Oversold Fundamentals: USD Bearish next week after very weak NFP Data.

Anakiin

Possible long at 1.96 Confluences at: 0.618 Fib and 50-60 EMA daily 1.96 Daily Support + Support daily long term down sloping trendline. Stochastic RSI = Oversold Wednesday Sympathy play with NZD Interest rate meeting catalyst (Expected CUT). We could see deceleration through Wednesday and then bounce. Wait for deceleration and price action pattern.

Anakiin

High Test formation on 1.065 Keyline. Downtrending on Weekly, Daily, 4hr and 1hr chart below 50-60-200 EMA 4hr chart rejection of 20 EMA and R1 1hr chart: rejection of 50-60 EMA Tweezer Top forming GDT Dairy price up 1.9% as of December 15th, 2015 NZD GDP higher than previous data. NZD strong across many currencies AUD weak fundamentally (commodities : CRBQ very bearish)

Anakiin

1) Bounce off 20 EMA 2) Bounce off Weekly line at 1.08 3) Bounce off Long term up down trendline 4) Bounce off 0.50 Fibonacci Retracement 5) With the trend 6) High Test Candle (Reversed Hammer) 7) Head&Shoulder Pattern on 1H chart (not displayed here) 8) EUR very weak fundamentally

Anakiin

1) Bounce off 200 EMA 2) Bounce off Weekly line at 1.84 3) Bounce off Long term up trendline 4) Bounce off 0.61 Fib Retracement The only concern is that fundamentally tomorrow we have tons of news coming for the Canadian dollar. Technical - Bullish with lots of confluence Fundamental - bearish for Canadian dollar, therefore bullish for GBP.

Anakiin

1) Bounce off 0.5 and 0.61 Fib Retracement 2) Bounce off Weekly line at 0.98649 3) Bounce off top downtrending line 4) Almost Tweezer Top

Anakiin

Here is my technical analysis on AUDUSD

Anakiin

Entry trigger point just below the closed red candle (around 0.73283) stop loss just above key weekly resistance at 0.73782. 1) Double Top forming 2) Bounce of weekly Resistance at 0.737 3) Bounce off Fibonacci Retracement 0.618 4) Bounce off 50 EMA 5) High test candle (almost tweezer top) 6) with the trend 7) EUR weak currency fundamentally