IceColdMoneyMaker

IceColdMoneyMaker

Hi traders, Last week Friday AUDCAD broke through 0.9110 resistance level and has shown a clear A-B-C pattern which indicates a potential downward movement in the near future. It is highly likely that we can witness some bounce back in today and the coming few days but mid-term wise speaking we still expect expect AUDCAD to fall to levels like 0.90 / 0.89. My...

IceColdMoneyMaker

Hi traders, In the past few days, we have witnessed AUDNZD went through mid-term consolidation in both the hourly chart and the daily chart. Yesterday night we have witnessed a clear breakthrough of the 1.05 level and the upward momentum was strong, which leads us to believe it's a start of a mid-term uprise and the downward channel start from June 18th has...

IceColdMoneyMaker

Hi traders, To recap in the past few days we have seen small resistance around the 1.36 area and yesterday night a very strong downward momentum has pushed GBPUSD to break the integer resistance level 1.3600. In the hourly chart small price adjustment can be observed in the bottom area but no strong upward momentum up until the moment I'm writing this...

IceColdMoneyMaker

Hi traders, As we have witnessed in the past few days, EURJPY retested resistance area 127.90-128.00 and encountered strong pushback pulling its price back to the 129.70. The strong upward momentum on the 23th of Sep creates a double bottom pattern for EURJPY and it is highly likely the end of a short term downward trend. My own trading system Clam has given a...

IceColdMoneyMaker

In the past few days we have witnessed two days of strong downward slip of the EURCHF. 1.0940-1.0970 area has proven to be strong resistance/struggle area and the strong downward momentum may indicate a reenter of the long-term downward channel. My own trading system clam has indicated a sell signal thus we have established a trading idea of going short on...

IceColdMoneyMaker

We have seen a relatively strong momentum to go short after multiple time testing area around 0.6560. Following the candlestick pattern we believe the long red bar on the 21st which crossed the 20day EMA may indicate a beginning of a downward movement. My own trading system Clam also indicate to go short so a trading idea has now been established to go short on...

IceColdMoneyMaker Updated 

Hi traders, NZDUSD has been struggling around 0.71450 trying to break the resistance but failed for days. We have witnessed a comparatively strong downward momentum on the 16th of Sep. On the hourly chart we can see a downward breakthrough of the 0.7080 level and a short-term low level consolidation would be expected. But long-term wise speaking we would expect...