The cable has been fairly resilient in the last coupled of days in the face of the big dollar rally. The pair is process of retesting the 50% fib, on the back of bouncing from the 1.5800 supportive zone. With strong bullish divergence to back it, we'd be looking for the pair to break the descending trend-line and the 50 SMA for bullish confirmation....
We're looking at the price action on the hourly chart, with a confluence between a descending trend-line, 100 and 50 SMA, 50-61.8 fib, and an overbought slow stochastic. A good shorting opprotuninty and a chance to join the overall trend.
While the Dollar has been rallying against pretty much anything, the NZD seems to be holding its own in a fairly impressive manner. Looking at current price action on the 4hourly, the pair has been trading in a descending channel, it's currently at support, while momentum has maintained a fairly neutral structure diverging from price. All this suggests that the...
GBP/NZD is in a well defined bull-trend. We're looking to join the direction at the a point of confluence between the ascending trend-line and the 61.8% fib, a break of the descending trend-line will be our confirmation for the trade being valid, if the descending trend-line holds we'd be looking to exit at or around the break-even point.
The equity markets have been rallying, however, the FTSE has been significantly less bullish than other markets, this coupled with the technical confluence of trend line s$r, overbought slow stochastic, 61.8% fib, and 50 SMA to act as ressitance are enough to make us interested sellers at the 6600 levels. This kind of trade may also serve as a hedge for people who...
AUD/CAD looks to be in the process of continuing the down-trend after a 50% corrective bull move, coupled with overbought stochastic cross-back. We're sellers in this market all the way down to the previous 0.9700 lows.
The EUR/GBP has been in a sustained down-trend for a long time now. With a clear directional bias to the downside, we're looking for technical formations such as the current one. We have a clear impulsive move to the downside with big selling candles and almost no buying ones, followed by a more corrective move back to the 50% retracement level. Additionaly, we're...
Gold is continuing to break down on the back of the hawkish Fed announcement. We're not going to short it though after such a significant decline; instead, we'd be looking for it to bounce a little, with an ABCD pattern in completion, an oversold slow stochastic, and an oversold RSI, a small correction on the daily chart is probable. We're interested sellers at...
We're following the AUD/NZD on the 4 hourly with the idea of seeing a right shoulder forming, generating a short for us at a confluence point between the left shoulder resistance line, the 50% retracement from the move down, the 50 SMA which has been acting as support and resistance prior, and finally the 50 RSI line. Notice the significant divergence between RSI...
We're looking to buy this wedge breakout for a short term trade. The momentum seems to be in line with an up move, coupled with the trend-line and 61.8% holding. We're looking at around 3:1 risk reward (r&r).
The AUD/USD has broken down recently, completing the triangle formation in the process. At the moment, we're looking at a bullish correction back to recent levels, we're very interested sellers at the point of technical confluence between the previous supportive trend-line (to act now as resistance), the 50%-61.8% retracement level from the recent down move, the...
Looking at the monthly chart, we have broken through the wedge resistance zone in September backed by a hawkish Fed. The wedge has been since retested in October and has held up to push the dollar higher, backed by an even more hawkish Fed. Therefore, all sings point upwards, but momentum is looking overbought in the short term, therefore, we'd be expecting a...
The NZD/CAD held the 61.8% fib and is now looking to be building up some more bullish momentum. We're interested in buying the pair on a break of the 50 SMA and the RSI descending trend-line/wedge formation. Our initial target will be the previous highs at around 0.9500. Fundamentally, this pair is often a battle that has more to do with the real economies in...
The GBP/AUD has been in consolidation mode for a long while now. We're following this pair at current levels to see if we get a bullish breakout of the flag pattern it has been forming. We'd be looking for a bullish breakout to entail the 200 SMA holding as support, coupled with the 57 RSI level. A break higher could eventually send this pair all the way up to the...
We're following this pair for a possibility of a significant momentum shift to the downside. We're looking at a confluence of significant long term resistance zone, coupled with bearish divergence on the RSI. We're looking for technical confirmation in the form of a breakout, breaking the ascending price trend-line or the 50 area RSI support zone should signal a...
With the Fed in tightening mode, the dollar is bound to rally. So long as the Fed stays the course we're interested buyers, with this in mind, it's good to illustrate for yourself some possible plans of entry in hopes of reaping the rewards of the dollar's rally.
Gold has declined further on the back of the hawkish Fed announcements, technically speaking, it looks like a bounce off these support levels is likely, we wouldn't advocate for a long term trade though.
Gold has spiked down with a massive candle towards the support area. We're following price action at current levels, looking for stochastic cross-back coupled with a break and close of the descending trend-line before going long.