DarrenWells

DarrenWells

We've all been reading about the trade war heating up and so investors are naturally moving to the safehaven currencies. I'm feeling confident of a strong move towards 147.00 which is the weekly low, once the key fib level has been broken. FX:GBPJPY

DarrenWells

So the disappointing Core Consumer Price Index (MoM) print earlier has sent the USDCAD hurtling towards the psychological price of $1.40 which hasn’t been broken since August 2003! In addition to this, it’s no secret that the tumbling oil price has been a contributory factor to CAD weakness. Due to the strength of the resistance, I would expect a pull back to...

DarrenWells

The cryptocurrencies have been back in the news recently, in light of Bitcoins astronomic resurgence. Although it would be naive to believe that any one thing can be the driver behind the 150% increase over the past few months, significant parallels however can be drawn with what has been going on in China. Now, I don't want to bore you, but for those who don't...

DarrenWells

The resistence level of circa 17.2400 from August is being tested for the second time having failed to break it in September.

DarrenWells

EURUSD setup for the week ahead.

DarrenWells

Short setup for the week ahead

DarrenWells

With the two day holiday in Hong Kong starting tomorrow the white collar sect of Hong Kong will be joining the demonstrations condemning Xi Jinpings proposal to screen candidates for the 2017 leadership election. I am looking at the index heading back towards the lows of May with the 0.236 fib level likely to act as the next support.

DarrenWells

Is the bearish trend over for AUDUSD? With the lows set in January being tested today the NFP print at the end of the week may well act as a catalyst for a bounce. Darren Wells www.zenpips.co

DarrenWells

I am looking for the cable to continue pulling back towards the 1.500 mark confirmed by the three black crows formation on the monthly chart. W/C 29/09/14 will experience a lot of volatility with the NFP announcement at the end of the week. Unless there are massive deviations from the estimates. I would expect the decline to be steadier than it has been though...

DarrenWells

This isn't a trade set up because I am on the fence with it at the moment, the commodity is at a make or break as it heads towards the $15 support line from 2010; The $15 - $17.50 mark is an important and wildly watched range for the commodity - There may be a bit more of a hit for silver to take over the week or two but using price action I wouldn't be surprised...

DarrenWells

The 50MA has provided an almost unbreakable support for HPQ since the beginning of the year. Although the stock has consolidated the past week or so I see the rally to continue in light of earnings on the 20th towards the $37 price.

DarrenWells

On the daily the pair started to consolidate towards the end of the week after coming into contact with the 200EMA. Volatility dropped off drastically towards the end of the week but with important prints coming out of both the UK and US early next week and the BOE minutes Tuesday morning volatility will be returning to the pair, sparking the continuation of the...

DarrenWells

EURGBP has been trading within a bullish channel since March this year and on Friday closed significantly outside of it, the pair is also trading above the 20MA, which has provided strong resistance while in the channel. Thursday is obviously the date this week everyone is looking to is both the ECB and BOE rate decisions.

DarrenWells

With he stock having increased over 80% over the past 12 months I see the earnings tonight being the catalyst for the price to test the $620 highs of late February and early March.

DarrenWells

I am long SBUX at the moment and expecting it to retest and subsequently exceed the 2013 highs imminently, especially after Starbucks posted earnings of 67 cents per share on $4.15 billion in revenue versus the expected 66 cents on earnings on $4.14 billion. The stock currently has an average rating of “Buy” and an average target price of $87.33 (Via the ticker...

DarrenWells

USD/JPY has been in a range since the start of the year (2014) which has admittedly been getting tighter in recent months. The target profits coincide with key fib retracements. I am looking to keep this trade open for a good couple of months so People may consider this risky at the moment with the news surrounding Portugals banks which will drive demand for the...

DarrenWells

The 100MA has provided a strong support and resistance line since the beginning of the year. coinciding with the 0.764 fib line and move upwards on the CCI, I am favouring a long position with $102 my target which is in line with the .382 retracement

DarrenWells

With the $105 resistance line tested again towards the end of the week I feel that everything is pointing to a downwards reversal (confirmed by a downwards break on the CCI). Despite the reassuring economic prints out of america in the past few weeks driving up demand, the US Energy Information announced last week that crude oil inventories had risen by 10.1...