HouTianTan

HouTianTan

Hi everyone! It has been a long time since this page updated. With this, I shall provide a signal on GBPUSD, which has been on a long decline, but it went for a correction recently. I believe that the Cable will continue with its decline, and thus decided to continue to short this pair. The Cable was closed for the week at 1.6070, very close to the psychological...

HouTianTan

Hello readers! Today, I will be presenting a series of updates on the 3 FX pairs that I have been trading. AUDUSD Upon completing the entire corrective pattern, the pair is riding the first wave of the 5-wave pattern. That being said, we are EXTREMELY BULLISH on the aussie and you should definitely long it whenever possible. Our target profit level? Dont be...

HouTianTan

GBPUSD Similarly, we believe that this pair has just finished its entire 3-wave corrective pattern, and its in a “partial consolidation” state as the 1.6692 and the 1.6778 levels are pretty crowded. That being said, this is a good pair to long, as long as you do so at a strong support level. READ MORE AT HTTP://BIT.LY/IMBAFC

HouTianTan

This pair is entering the 3rd corrective wave of the daily pattern. We have an estimated take profit level at 0.9152. Based on current entry price, this should return you a 200 pip profit, taking about 2-3 weeks to complete this pattern.

HouTianTan

Hi everyone! If you have yet to see the introduction video which ChuanSiang and I made, please go to our "About" page and view it! The video covers on what this website is all about, how we trade, and etc. I'm not sure if any one of you have been whipsawed last week, but Friday was definitely one heck of a trading day. That was a result of the release of...

HouTianTan

Hi everyone! If you have yet to see the introduction video which ChuanSiang and I made, please go to our "About" page and view it! The video covers on what this website is all about, how we trade, and etc. I'm not sure if any one of you have been whipsawed last week, but Friday was definitely one heck of a trading day. That was a result of the release of...

HouTianTan

Hi everyone! If you have yet to see the introduction video which ChuanSiang and I made, please go to our "About" page and view it! The video covers on what this website is all about, how we trade, and etc. I'm not sure if any one of you have been whipsawed last week, but Friday was definitely one heck of a trading day. That was a result of the release of...

HouTianTan

As you can see, the Yen has completed the 3rd corrective wave, and is now progressing on the trend line as drawn. We recommend you to enter the market while it grinds along this trendline. We do see a potential upside to 105.28. However, for now, we would focus on trading the first wave. Follow us on wordpress @ imbahfc.wordpress.com

HouTianTan

Hi everyone! Today I'll be doing an analysis on the cable, aka GBPUSD. The spot market has been going nowhere in the past week and this is especially so for the pound. It has been hovering around the 38.2 retracement level, and has finally made some progress up north... Read more at imbahfc.wordpress.com

HouTianTan

Hello everyone! Today I will be doing an analysis on the Yen. The currency pair has been moving in a range, and I believe that a triangle is forming in the 4-hour chart. A 5-wave triangle I would say... Read more at bit.ly

HouTianTan

The pair rallied on Friday, just hours before it came crashing down, creating a bearish dark cloud cover signal on the 4-hour chart. On the 1-hour chart, the market has closed just slightly below 18 December’s high ($1.6480), as well as below the Fibonacci Extension level of 0.618. With the bearish candlestick signal on the 4-hour chart, rally of the DXY, along...

HouTianTan

The US dollar index has bounced strongly from the low on 10 December just before the markets closed for the weekend, indicating strength in the USD. The bullish USD can be exploited by shorting GBPUSD and AUDUSD for the upcoming week. Kindly refer to their respective charts for a more in-depth analysis.

HouTianTan

I believe that this pair has been on the 4th wave of the Elliot Wave, and is resuming its rally on the fifth leg of the wave. I believe that this pair will continue its rally to 105.72 before correcting itself.

HouTianTan

This pair has been rallying for the past week or so, forming a bullish trend line. While the pair has corrected itself on 23 Dec, it is supported by the 38.2 Fibonacci retracement level along, and is now cruising along the trendline. With the 20SMA just about to cross the 50SMA on the H4 charts, I would give say that it is a good time to long this currency pair...

HouTianTan

This pair has been rallying for the past few weeks and it seems like it is not stopping! On Tuesday (10/12/2013). the pair reached 3 December's high and retraced back to the 0.618 level before hitting a daily high of 103.908. The Yen then ended the week back around the 0.236 Fibonacci level of 103.221. Being a strong believer of Fibonacci retracement and...

HouTianTan

With the Moving Averages showing that this currency pair is on fire in the H4 charts, there is a slight retracement close to 1.6350 during last week's closing. With that, I would recommend a long for this pair until it hits the next Fibonacci level, which is the golden ratio of 1.618.

HouTianTan

With the cable ending higher last week, it failed to clear the 1.6110 level. It is also an important Fibonacci level of 1.618. While the 3 moving averages may deem this pair to be bullish at the moment on the 4-hour time frame, this pair is apparently bearish on the daily time frame. With the week ending on the 1.618 Fibonacci Level, this provides a very good...

HouTianTan

As this pair has hit the support at 1.5920, it would probably enter a consolidation phase, ranging from 1.5920 to 1.6000. I would recommend longing this pair at the moment, and closing it at the higher range. However, I would like to point out that this pair has an overall bearish bias, and would recommend a hard sell at 1.6000.