AUDUSD is testing the top of its sideways formation showing signs of reversal with candles formations and RSI at overbought levels. We are sellers at current levels with stops above the highs, targeting 0.7485 and 0.7475
AUDUSD is testing its first resistance area for today where it meets previous tops, the upper Bollinger Band and R1, showing reversal signs. Stops above 0.7517.
GBPUSD started the week with a correction at the broken trendline and now it seems that the move is over. We will try Sell positions at current levels, adding more at 1.3800. Stops above 1.3825 targeting 1.3730
EURCHF broke out from a sideways formation having as target the 1.0800 area. We buy the pullback at the 1.0735-40 support for the resumption of the move. Stops below 1.0715 Below you can see the 4H chart where the pattern is clear
GBPUSD is testing triple support area at the hourly chart (PP0, trendline and previous top) at 1.3775-80. We believe that a reaction from that levels is probable, so we set buy orders with stops below 1.3750, targeting 1.3810. Clear break of the trendline with hourly close will show that an important top is in place with yesterday's highs.
USDCAD has tested the trendline that contains the downward trend at 1.2370 area. The reversal candles there show that sellers emerged and the picture shows that the pair needs one last leg down towards the previous lows. We are sellers at the 1.2350-70 area with stops above today's high, targeting 1.2320-30 for once more.
AUDUSD has reached its channel top with RSI divergence in the 1H chart. The 0.7480-00 area can provide resistance as there lies September's high and previous tops, We cautiously open short positions at current levels adding more at 0.7500. We will set our stops above 0.7530, targeting the 0.7440-50 area...
GBPUSD. We are sellers at the 1.3825-35 area and we are going to add more at 1.3855. Stops above 1.3865, for 1.3780-90. The momentum of the move is strong, so we keep our positions smaller and we will be searching for buy setups after the correction...
Crude oil pulled back from the highs, towards the trendline and previous tops that now act as support. The RSI at oversold area during an uptrend gives extra confirmation. We will buy at current levels adding more if a reversal candle occurs. Stops below 81.50 targeting 83.60-70.
AUDUSD Short term BUY with tight stop below 0.7368 for 0.7408 target.
Gold is testing the first important support area at 1755-60, followed by 1747-50. RSI divergence alongside with the price structure indicate that a reaction towards 1775-80 is the moist probable scenario. We buy at current levels and we are going to add at 1750. We set our stops below 1743 and our initial target at 1775.
EURUSD tested the short term trendline that contains the move from last week's highs and a return to the 1.1570 area or lower is our scenario for now... We keep tight stops above 1.1605 targeting 1.1570-72. The 5 min chart that follows shows how we could enter earlier with the help of Heikin Ashi at a 5min chart.
USDJPY tested for once more the critical resistance at 114.35-55 area forming a short term double top. We believe that the sideways formation will be broken down. We are already short at these levels from our previous trading idea () and we will try new SELL positions at current levels with stops above 114.65, targeting 114.00-05 and 113.80.
NZDUSD tested the critical resistance area at 0.7100 during the Asian session where sellers emerged. We believe that a larger correction could be unwind from here. The break of 0.7065 will give cofirmation. Initial short term targets are 0.7045 and 0.7020. But as we see from the daily chart that follows, the correction from this resistance could be deeper. Our...
USDJPY is testing for once more the top of its rising upward channel. Besides of the channel the pair is testing multi highs at the 114.35-65 area where we believe that sellers would emerge aggressively. We have opened SELL positions at 114.35 preparing to add more on any new upside towards the 114.55-65 area. We will set our stops above 115.20 for 113.20 target....
USDJPY is testing the upper side of its channel and a retracement from these levels is possible. the 113.00-10 area should be a probable target.
EURUSD. Reversal candles with long tails at previous lows alongside with short term RSI at oversold area, make a reaction possible. Stop 10 pips below the lows and targets at 1.15660 and 1.1570
AUDUSD is testing critical resistance at the 0.7350-60 area. Besides the hourly readings that we see in the chart, the pair is also testing the basic down trendline that we can see in the Daily attached chart (yellow trendline in the hourly. The move will find us sellers at current levels adding more at 0.7360. We'll set our stops above 0.7385 targeting 0.7315...