From now on we can look to build short positions on EURUSD as the odds coming to the bearish side. Signals on Daily chart - MACD bearish cross, Stoch bearish cross, watch px breaking out from the bearish wedge soon! Signals on 4 Hrs time frame - Tenkan/Kijun weak sell signal (bearish cross), Chikou Span drops below price, Price is below Kijun and 100 WMA, Price...
My last recommendation on EURHUF was a short from 313,50 - 314,50 range top levels. After some initial spike above 315 (where I almost lost the position by the way on stop) finally it worked. However yesterday px action seen clearly on the daily chart proved that the range is still intact, means that the short had to be closed either on the profit tgt 309-310 or...
Technically chances of a corrective move to 0,8820-0,8840 levels has increased. Daily Slow Stoch and MACD about to cross bullish, 4 Hrs DMI bullish cross took place + weak Tenkan/Kijun buy signal. The question is what will the price at that critical support level do. Anyway, if we enter long here, it is more than 1:2 risk reward. Keep in mind, that until price...
First of all, for me this pair is really exotic (not in my trading time zone at all). But today one of tradingview members' idea called my attention: This is why I started to look at it also under my system. On the daily chart I see outright longs are still way too early, as it i clearly bearish, but certanly there is some chance for that double bottom and also...
Since we hv FED this week, we must burn into our minds what to watch from now. The inflection point is clear now: 1,3840. There is the future Kumo bottom, current 100 WMA, and there will be the trend line later this week. What else do we see now? ADX is coming lower, which means current trend is loosing a bit of momentum. DMI is also tighter, not so powerfu....
After heavy selling in European equities I think we'll see some correction now. Estoxx50 indx has chance to come up to 3060-3070 (maybe even to 3090). Slow Stoch is turning up both on daily and 4 Hrs time frames. Watch 4 Hrs px action there and check if we see a new sell signal, like Slow Stoch bearish cross. The bias is still bearish, unless px closes and stays...
Bulls try to do their best to protect 1840 key support! The low reading of Stochastic might help them, there is some chance we can see a correction from here towards 1860. If that happens I would defenately use is for exitting all remaining longs and build short positions further. New signals that are confirming the bearish reversal on 4 Hrs: Chikou Span dropped...
USDCHF is still in bearish trend, but some indicators and the change in Ichimoku components on 4 Hrs chart suggest we likely saw the interim bottom at 0,8700, and that a bounce is coming from here. Will it be enough for a trend reversal? It is early to determine. For those who are still short on this pair I recommend to take profit, not much more upside for...
Don't get me wrong, I would not buy it here. Actually I understand the issue of EUR zone C/A, but fundamentally longer term EURUSD should come somehow lower. But this trend is still up! Actually it is a very strong trend on the daily chart. I see as well it is somehow overbought, I see the wedge and that there might be a chance for a possible rounded top soon...
Nice and obvious break yesterday, delivering the long monitored sell setup. What do we have here: Price trades below Kumo (also below 100 WMA), Tenkan below Kijun, Chikou Span below price and in open space, Future Kumo crosses bearish, both trendlines are broken. DMI has been bearish for a while. This is a perfect sell setup. Watch for signals, which would...
If anyone was smarter than me and instead of betting long on weak buy signal kept the short position, should start to think about closing it. Slow Stoch is oversold on both time frames, Price is around bottom of the 4 Hrs bearish trend channel. USDCHF may find some temporary support at 0,8700 area, and may even show some corrective move to 0,8800-0,8820 at best....
According to my prev. recommendation () I bought and got stopped pretty quickly. Anyway, the bullish setup was not really valid, it was rather a bottom fishing. Bottom fishing which as trend follower I should never do, but from time to time I try it. I already know I will try it at 79 again :-). The "reason" is: 79 is a very long time key support, and by the...
Honestly? I don't know if it is possible or not. This mkt is super strong, despite even some smart bulls have now the feeling few fundamental things suggest it is getting more than irrational. But technically still no big reason to sell into it with high confidence. Investors in US just don't care! They laugh together with the stand up comedian. Europe sells off?...
Long term I am still very bullish for EURHUF, but hey, look at this range which still persist! Who is on the top? For me it looks like policy makers do not want to see it a lot higher than 314-315. General election is due on 6th/April, so I would not be surprised if there have been some "silent intervention" behind the curtain. (btw as far as I know NBH ccy...
Next one which behaved very well. Please see post and reco: All the negative divergences stopped the bulls, and caused another wave of correction. Puts and outright shorts (if you sold on that spike or in the small breakdown) worked pretty well, but since these levels ard 3050 are still very supportive for short term, I suggest to close bearish positions for...
I am back from 1 week holiday break. Let's look over major products, starting with WTI, since in this one I had some bearish recommendations (and position) before. Pls see ref: After the consolidation it spiked up to strong resistence at 105 USD, then finallly delivered the decisive break on 4 Hrs I was expecting for. Retested the Cloud once more (also in line...
It is difficult to read, wether it was a test back to prev. downtrend on the 4 Hrs, or it will turn bullish again. There are some negative divergences both on daily and 4 Hrs. Still, I am bearish biased, like to sell it on tops in 3130 - 3160 range, or buying April Puts.
I have a feeling that USD indx might become bullish again, but to have a better risk-reward, I would rather buy it in a dip ard 79,90 - 80,00 levels, since the upside is a big question. 80,45 - 80,50 seem to be a strong resistence, based on daily chart. It can also trick us with further sideaway move, so not really starting a good trend (same as EURUSD). Looking...