Currently on the daily time frame UsdCad is heading to the lower range now which has been intact for a while now. A break of this will trigger a long term sell for 300-400 pips. So wait for the break-out and join the sell. If you want to get in early you can sell it at cmp with a stop at 1.3530.
EURAUD looks very promising for a sell on the daily time frame! On a side note i must add then in about 5 hours now we have the aud interest rate decission, so getting in early can be risky! I get in with a decent position and am able to add more in case it drops on the news Stoch Rsi shows a nice bearish cross over and at the adx you can see red line sharp bend...
AudUsd looks very promising for bulls the next period. On a side note i must add then in about 5 hours now we have the aud interest rate decission, so getting in early can be risky! I get in with a decent position and am able to add more in case it drops on the news (since I am bearish on the dollar index). You can see that the Stoch Rsi and Adx indicator made a...
Dollar Index on the daily time frame looks like it's set for a free fall. ADX shows a very strong bearish trend and Stoch Rsi still shows strong selling pressure. When you look at the price levels its just broken through a resistance and it seems to keep trading in the fresh downwards channel. With this in mind, stay sharp on possible sell setups on the dollar...
A beautifull Hybrid Setup on EURAUD. Entry direction will depend on the daily close. If it will close below this level it will trigger a sell for next week, if its breaks on the daily close it triggers a buy. Sell: Sl: 1.5260 TP: 1.5130 > 1.0560 Buy: Sl: 1.5140 TP: Keep it open and trail it with moving up your stop loss
When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower range of the bigger channel. Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level. The previous up wave got rejected...
When look at the 4 hour and daily time frame for USDJPY there is a nice bullish setup. For this idea I have decided to go with the daily since it gives a more long term view. The price is currently pushing at the resistance and if it closes like this the candle will have closed above the resistance. The price is also nearing the 14 EMA and 72 EMA which both are...
Last friday AudUsd closed below the lower range on the daily time frame. We can also see that Stoch Rsi made a bearish crossover and that on ADX the redline is now above 25, indication a strong bearish trend. Also it broke the 14 EMA. This all together gives a strong sell set up on the pair. Entry: around 0.7440-0.7460 Stop: 0,7510 Take profit levels: 0.7370 >...
Gold on the daily time frame shows on very interesting setup that can goes either way. It will all depend on how gold will close today. Buy: Close above upper range, 1272 or higher. Take Profit: 1292 Stop Loss: 1264 Sell: Close below lower range, around 1269 or lower. Take Profit: 1235 Stop loss: 1278, if 1260 breaks move stop loss to entry price, from there...
EurJpy is very likely to move down further and possibly a lot more further. Stoch Rsi is showing selling pressure is increasing and price is breaking the 14 EMA (purple line) When looking at the Elliot Wave we can see a 5 wave structure completed and we are now at the end of wave 1 of a possible new 5 wave structure. Wave 2 the down wave might go to 120.49....
Currenty CadChf is pushing against the upper range and 14 EMA. By the current looks it might break at market close so watch the price carefully and enter a buy if it closes around the price displayed on the chart or higher. Stop loss at 0,7200. Take Profit at 0.7380
On the daily time frame USDCAD seems to have bounced off the lower range and is forming a new wave to attack the upper range. Only an inner channel upper range (red line) needs to be broken to confirm the bullish move. Entry: 1,3460 Take Profit: Long Term 1,3800 Short Term 1.3560 Stop loss: 1.3380
On the daily time frame for EurUsd you can see that it has broken from the lower range a few days ago. After the range was broken it retraced a bit back up again to touch the lower range again from the other side before going back down again today. At the moment todays candly will close below the low of the green candle. This confirms that theres a good chance...
After breaking the upper range earlier today NZDCHF is now also breaking the 14 EMA, besides that the Stoch RSI also shows strong buying pressure and the ADX made a strong bullish crossover. This all together makes it very likely the NZDCHF will head to atleast the 72 EMA and possibly break it. Buy: around 0,6770 TP: 0,6820 > 0.6890 SL: 0.6720
After some days of strong upwards movement the GBPCAD has been slowly going down the past days indicating that the bullish wave has been completed. So we are now looking for sell entries in the pair. You could sell it at market open and use a 80 pip stop loss. Take profit targets are: 1.7480 > 1.7375 > 1.7040
When look at the daily time frame for NZDUSD and drawing the ranges you can see that it has hit a possible bottom and that a bullish reversal is ready to happy. You can also see this on the 1 hour and 4 hour time frame. So its time to buy NZDUSD now that it's close to the lower range and trade it for the next bullish wave! Entry: between 0,6830-0,6860 Take...
On the daily time frame WTI has broken the upper range and is now also breaking the 14 EMA. This along with a Stoch Rsi showing high buying pressure and Adx showing a bullish reversal makes a clear case for buying into oil strenght. Stop loss: 48 Take Profit: If 50 is broken follow the price with a 60 pip stop loss.
On NZDCAD we have an awesome bearish setup. The price is heading towards the 14 and 72 EMA and the lower range while the Stoch RSI shows alot of selling pressure and the Adx shows a strong bearish trend. This leads to the conclusion that NZDCAD is heading for a further drop! Take profit: 0.92800 Stop loss: 0.95200