Filipo1

Filipo1 Updated 

I expect the pair to test 50% Fibonacci retracement before rebound. Fundamentals: good figures from China at the end of the week coupled with questionable perspective for oil should support this view. A narrower gap with Tenkan-sen and Chinkou-span not staying in the Kumo, or better crossing over historic price action would also give some confirmation.

Filipo1

Going short after H4 61.8% Fibo reversal and MACD bearish crossover.

Filipo1

Kumo breach should be short-lived and retracement not exceed 0.382 Finonacci retracement as Tenkan-sen too far away to support price action.

Filipo1

Target price: 67.10 stop-loss 75.10. Happy trading!

Filipo1

That's All Folks!

Filipo1

Bollinger middle band acting as strong resistance on squeeze. Breaking of support provided by SMA50 will give the signal. Happy trading.

Filipo1

Here comes the time to check the monthly chart, the King of the trends! It's a mixed bag, make your choice :)

Filipo1 Updated 

US Durables due later today to have the final word on it. Watch out your S/L and happy trading.

Filipo1 Updated 

Resistance remains unbroken on the daily. Closing below 38.2% retracement today will be the green light to go short. Good luck to all.

Filipo1

CAD invigorated after balanced BoC monetary policy announcement leaving rates unchanged in line with expectations, and OIl resuming its uptrend after EIA's release yesterday. Price action on this pair just crossed the Bollinger middle band at an important point of squeeze which means that following move could be sharp. Happy trading.

Filipo1 Updated 

No comment, all is in the chart I guess.

Filipo1

Please consider the inverted hammer on last candlestick which closed right on 61.8 fibo ytd retracement. Stochastiic below 20 is supporting the reversal probability.

Filipo1

Current weekly candlestick is not over yet so we need to wait for tonight's close to validate what follows: 1) price action crosses over both Tenkan-sen and Kijun-sen in the same week,,, 2) uptrend channel formed since early March. 3) MACD buliish crossover. 4) MACD slight bullish convergence.

Filipo1 Updated 

We have strong bullish signal in formation but we need to wait for weekly closing for formal confirmation. Today's EIA and FOMC minutes release today will give us direction for sure.

Filipo1

Clear expulsion from the rising channel after four failed attempts to break 0.6850, clear rejection from Senkou-span A downward, breaking of 38.2% fibo. retracement, and Chinkou-span breaking historic price action + Kijun. However risk today is FOMC minutes release so stop at 0.6860 a must. Happy trading.

Filipo1

We have weekly SMA50 matching lower Kumo limit providing up to now quite a strong support level. However on the daily, retracement was stopped by doji yesterday and now we just broke lower Senkou-Span B, which means that market might turn bearish if we close below the Kumo today. Here is my weekly perspective in case above mentioned supports are broken. Hope it...