FX_Trader_Analyst

FX_Trader_Analyst

I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. Closed last week below Monthly central pivot point and is heading sought encouraged by Dragi's dovish press conference. This might be considered as entry to rejoin longer term bearish view or...

FX_Trader_Analyst

I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. It appears that GBPAUD reacted on the Weekly S and triggered some buy orders sitting near by 2.02 levels. This was also a previous level of support from the start of this year. Generally I would...

FX_Trader_Analyst

Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. With rising Oil prices CAD has a potential to gain some strength. Price was moving south over last few days and according to the COT report this might have been caused by profit...

FX_Trader_Analyst

GBPUSD has dropped below old support zone towards1.514 levels where produced Lower Low, touched WS1 levels and rebounded towards WR1 and WR2 where produced hammer candles on 4H chart. This area also represents 618 Fib retracement from the pull back and suggest continuing bearish short term trend on the pair. With projected 2:1 R:R ratio this is potential...

FX_Trader_Analyst

Important week ahead for EURUSD. In US ( ISM, NFP and Unemployment ) while in EUR ( CPI and bank rate decision) will be driving forces behind EURUSD move. I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term...

FX_Trader_Analyst

Your comment and feedback is HIGHLY APPRECIATED. Thank you! USDCAD is heading to quite volatile week ahead with important data from US ( NFP, ISM, Unemployment) and CAD (GDP and Unemployment) with bearish stated after closing the week with Pin Bar below 55EMA. Not to mention that Pin Bar on Weekly chart is also suggesting that bears might take the control over...

FX_Trader_Analyst

Wait for test and sell heavily Weekly - Monthly Pivot around 1.1 as current pin bar at Daily Pivot (1.0913) will drive this bullish move up until bears join long term bearish trend and defence 1.1 resistance level. Stop can be very conservative around 1.4 levels 1.1 will be also 50% Fib retracement level from previous move 1.11288 - 1.08472

FX_Trader_Analyst

Please leave me your comment whether you agree or disagree so we can open an discussion or if you like the chart just simply like it. Thank you for your feedback. Rising EURUSD and Bunds yields are not helping DAX to pick up momentum and gather some bullishness. As price recently broke through the support at 11200 next target could easily be 10800 (618 Fib)...

FX_Trader_Analyst

Please leave me your comment whether you agree or disagree so we can open an discussion or if you like the chart just simply like it. Thank you for your feedback. As WTI rejected $59 mark this might help USDCAD to gain some momentum and move from oversold levels up towards 1.255 that played resistance for last few days. I expect price to move within a range and...

FX_Trader_Analyst

Few hours ago you could have joined short move on EURUSD. Levels between 618 and 5 Fib retracement are great for aggressive entry with stop placed just above 5 Fib. Any move higher I see unlikely due to fundamentals as ECB and Mr Dragi would probably do what they can to talk down EUR as they did few times already. RSI at overbought levels supports this exhaustion...

FX_Trader_Analyst

Please feel free to leave me any comment or recommendation of constructive criticism so I can improve or make commentary more clear for you to read;or if you agree or like this idea support by thumbs up. Thank you.Sam USDCAD is offering relative aggressive trade with entry at current levels based on consecutive shooting stars at resistance levels. Accompanied...

FX_Trader_Analyst

Quick look on EURUSD that recently retraced from previous lows of 1.08 and currently testing resistance levels at 1.095 while is at overbought levels on 4h Stoch and at 236 Fib levels but also around psych levels 1.1. Should this significant confluence fail we can see price heading towards next resistance at 1.11 levels which is also Fib 618...

FX_Trader_Analyst

Buy signal from 18.5 paid off quite well. Currenty trading at 1.24 leves - previous support zone now became resistance. Bearish pin bar at resistance levels supported by overbought Stoch on 4H chart suggest short term correction towads Fib 618 potentially Fib 50 levels around 1.224 - 1.228 levels. This would be great chance to rejoin bullish trend from previouse...

FX_Trader_Analyst

As suggested on 15.5 EURUSD hit the resistance zone which was also a psych level 1.15. Downtrend followed as expected and went through .864 Fib zone towards .618 Fib retracement zone. Upcoming FED meeting can suggest following EURUSD direction and I would expect EUUSD bounce back from .618 to 1.13 levels where I see next selling zone with stop loss place around 1.15

FX_Trader_Analyst

Quick view on USDCAD where price is moving along support zone lines. Aggressive trade for going long now,while I would patiently wait for confirmation and after higher low reset of support followed by higher high-higher low

FX_Trader_Analyst

Hard times for EURUSD to move higher above confluence of .5 Fib retracement from (1,26-1.044) and major resistance and psych level at 1.15. Test of 1.15 with double top formation as this is significant level followed by retracement towards 1.138 and forming Head and Shoulders pattern at resistance is anticipated. Should 1.15 fail to provide resistance (as a result...

FX_Trader_Analyst

Interesting period ahead for DAX and EURSUD. Last week we could see mixed readings in EU and US. Week started with slightly positive German CPI followed by slightly negative European GDP. Industrial production was also negative in EU as well as negative US retails sales. Positive numbers for Initial jobless claims in US but Reuters/Michigan consumer sentiment...