GBPJPY has formed a reversal candle at strong support at 149.00 area and the technical picture favors the continuation of the move higher. Targets 149.90-00 and 150.50-60 which is our main target. Stops could be set below the 61.8% retracement of the move (below 149.10) or below the lows...
AUDJPY is forming a sideways formation. We will BUY at 80.70 adding more at 80.45. We will set our stops below 79.90 targeting 81.40-50
NZDUSD has tested again its previous lows and once more buyers emerged. The daily studies suggest that a short term bottom is in place. Our initial target for the pair is the 0.6900-20 area. The initial resistance at 0.6830 is broken and now offers support. We BUY at current levels with tight stops below 0.6825 for 0.6900 target. Alternatively we will buy again...
AUDUSD has successfully tested the bottom of its channel and previous lows and the reversal candles at these levels suggest that a short term bottom is in place. We are BUERS at current levels but prepared to add more at 0.7105-15 area. If 0.7105-15 is tested again (White scenario in the chart) our target will be 0.7160-70. In case of a breakout of 0.7170 without...
GBPUSD is set to go higher and test yesterday's highs. We BUY at 1.3315-20 setting the stop below the low of the last candle targeting 1.3365-70
EURJPY is testing strong resistance at 128.60-70 area, as it is testing the trendline from November highs. As we mentioned in our yesterday's idea an inverted H&S formation is in the making and a larger H&S right shoulder might be in process at the daily chart. We are Buyers at current levels although it is testing resistance according to the Scenario 1 at the...
EURUSD confirmed our previous analysis (see the link below) and moved to our target area. We will liquidate our profits and we will try SELL orders at 1.1370 and 1.1385. We'll set our stops above 1.1415 targeting 1.1340
USDJPY is testing previous lows at 112.70-80 area and we believe that a bounce from that levels is a possible scenario, as the move shows signs of exhaustion. We will try BUY orders around 112.80 area buying some more at 112.55 in case of a false break. We will set our stops below 112.35, targeting 112.25-30.
GBPUSD continues to form a sideways formation at the lows. We believe that a breakout of the formation is in the making. We BUY some more at current levels(1.3330). We set our stops at 1.3298 and our targets open
EURJPY is forming a sideways pattern that looks like an inverted H&S reversal pattern. If this assumption is correct the right shoulder is in the making, which means that a move at 128.60 area is possible. We will try this scenario with long positions at current levels setting the stops below 128.75. As you can see at the daily chart that follows, it is possible...
NZDUSD provided a reversal candle at the lows showing that a move back at yesterday's highs is possible. BUY now (0.6805) for 0.6835. Stop at 0.6769
EURCAD made a pullback at previous broken resistance that now acts as support, providing a reversal candle at the 1H chart. We BUY the reversal candle, setting the stops below its lows, targeting 1.4440-50.
NZDUSD has tested August lows and is forming a sideways formation. We are waiting for the breakout of the formation for confirmation. A break on an hourly close above 0.6840 will lead to BUY positions, setting the stops below 0.6820, targeting 0.6875480. No break, no entry...
AUDUSD is forming a sideways pattern after testing twice the area that has marked last August lows. Are we going to see a double bottom to be formed at the daily chart or a break and a continuation lower? We trade the first scenario placing Buy orders at current levels adding more at 0.7115, setting the stops below 0.7095 and targeting 0.7190.
GBPUSD is trying to form a base after last Friday's lows and the technical picture makes the continuation of the move even higher as a probable scenario. We BUY at current levels, adding more at 1.3300. We will set our stops below Friday's lows targeting 1.3375-80.
EURUSD is making a pullback after last Friday's strong upmove. We are buyers at current levels (1.1275) but preparing to add more at 1.1230-35. We will set our stops below 1.1195 targeting 1.1355 and 1.1380-85.
GBPUSD has formed new lows and delivered a reversal candle that shows further strength. We BUY at current levels adding more at 1.3295-00. We will set our stops below 1.3265 targeting 1.3355 and 1.3380
NZDUSD is testing the lows of last August with oversold levels at RSI. We will try BUY orders 0.6805-15 setting the stops below 0.6770, targeting 0.6845 and 0.6860...