DarrenWells

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About me Easy to understand trading ideas..
Joined United Kingdom Darrenw3lls
Markets Allocation
54 % forex 12 % stocks 4 % cryptocurrency 31 % other
Top Mentioned Symbols
EURUSD 11% | 3 XAUUSD 11% | 3 GBPUSD 11% | 3 USOIL 7% | 2
DarrenWells DarrenWells USDCAD, M,
USDCAD: USDCAD Testing 12 year high of $1.40
235 2 5
USDCAD, M
USDCAD Testing 12 year high of $1.40

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 DarrenWells BTCUSD, D,
BTCUSD: Yuan fuelling the bitcoin resurgence?
358 2 6
BTCUSD, D
Yuan fuelling the bitcoin resurgence?

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 DarrenWells USDMXN, D, Short ,
USDMXN: USDMXN SHORT
16 0 0
USDMXN, D Short
USDMXN SHORT

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

DarrenWells DarrenWells EURUSD, D, Short ,
EURUSD: EURUSD in downward channel
50 0 0
EURUSD, D Short
EURUSD in downward channel

EURUSD setup for the week ahead.

DarrenWells DarrenWells EURUSD, D, Short ,
EURUSD: EURUSD Short
50 0 0
EURUSD, D Short
EURUSD Short

Short setup for the week ahead

DarrenWells DarrenWells HSI, D, Short ,
HSI: Hong Kong Protests Pushing HSIndex Lower
93 0 0
HSI, D Short
Hong Kong Protests Pushing HSIndex Lower

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 DarrenWells AUDUSD, D,
AUDUSD: AUDUSD Testing 2014 lows
32 0 0
AUDUSD, D
AUDUSD Testing 2014 lows

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 DarrenWells GBPUSD, M, Short ,
GBPUSD: GBPUSD Three Black Crows
38 1 2
GBPUSD, M Short
GBPUSD Three Black Crows

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 DarrenWells XAGUSD, W,
XAGUSD: Misery over for Silver?
88 0 1
XAGUSD, W
Misery over for Silver?

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 DarrenWells HPQ, D, Long ,
HPQ: HEWLETT-PACKARD 2014 RALLY TO CONTINUE - SUPPORTED BY 50MA
87 0 1
HPQ, D Long
HEWLETT-PACKARD 2014 RALLY TO CONTINUE - SUPPORTED BY 50MA

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 DarrenWells GBPUSD, D, Long ,
GBPUSD: GBPUSD 200EMA REVERSAL
70 0 1
GBPUSD, D Long
GBPUSD 200EMA REVERSAL

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 DarrenWells EURGBP, D, Long ,
EURGBP: EURGBP BULLISH CHANNEL BREAKOUT
73 2 1
EURGBP, D Long
EURGBP BULLISH CHANNEL BREAKOUT

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 DarrenWells TSLA, D, Long ,
TSLA: TESLA HEADING HIGHER
31 0 1
TSLA, D Long
TESLA HEADING HIGHER

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 DarrenWells SBUX, W, Long ,
SBUX: SBUX Double Bottom targets $82 and beyond
22 0 1
SBUX, W Long
SBUX Double Bottom targets $82 and beyond

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 DarrenWells USDJPY, D, Long ,
USDJPY: USD/JPY LONG TERM RANGE BOUNCE
29 0 4
USDJPY, D Long
USD/JPY LONG TERM RANGE BOUNCE

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 DarrenWells USOIL, D, Long ,
USOIL: USOIL 100MA BOUNCE ($102 TARGET)
37 0 1
USOIL, D Long
USOIL 100MA BOUNCE ($102 TARGET)

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 DarrenWells USOIL, D, Short ,
USOIL: USOIL $105 Reversal
222 0 1
USOIL, D Short
USOIL $105 Reversal

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 ...

DarrenWells DarrenWells USDJPY, D, Long ,
USDJPY: USD/JPY 101.00 make or break
350 0 3
USDJPY, D Long
USD/JPY 101.00 make or break

For me all of the signs are pointing to a bounce after the battering the USD has taken this week having tested the late November support line. A mixture of the University of Michigan confidence print at 13:55 (gmt) and people closing their short positions before the end of the day could prove to kick off the bounce.

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