USDCHF going up, is this a good thing ? i have no idea. But the Price Action having retested the trend line and broken supply above makes it very probable. USD Strength, a lot of commentators are saying this is already run to far, so I reckon that means its only just begun.
Until the USD say they wont ever start increasing the interest rates or the upward trend line that support the price currently
GBPUSD down until it ever takes out the down trend line. But its going down until maybe the general election due to the uncertainty.
we're definitely on our way now and it could be quicker than first thought. Monthly close below the Trend Line confirms this to 1.0200 and below to 1.0000
AUDUSD based on the economic news out of China and all of the Trend LInes etc. Short AUD a bit more
thinking that the trend line has been retested now, so going up is next on the cards
but only when its tested 1.11000 or above 1.12* haven't gone short yet as I have been waiting for the trade as describes at the beginning of the month. Patience is a virtue.
@ 1.018 I'll be looking to see whether we bounce or push through to 1.0 , however I expect a bounce here before reaching parity. 1.00 is such a round number if we get to 1.018 as expected the relatively small push down to tap 1.0 is quite likely. Though with a lot of traders thinking 1.0 is the target a lot will be looking to liquidate their positions on the run...
Looking for a breakout and a measured move to 1.9920 , I also feel that this pair has a long way to go after that target is reached but would be happy to take some off the trade up there.
I have been long GA all day, but now it is trying its hardest to break above resistance and I feel it could go to its ADR of 1.69600
I'd like to get short the EURUSD back near 1.11500 We had a good run down but to get short down here feels like asking for 1 too many short trades in a row. If there is any pull back it would be great to get short again if the market shows any possibility of turning down again, thinking Spain Default etc. But for a good risk reward, I'd prefer to short again at...
I see this going a lot higher but for now, I'd be happy with a test of the upper trend channel to 121.800 As long as we break out to the up side of the 4h Inside Bar consolidation + Stay above the March Open
Seeing as the USDJPY has done a 3 candle reversal on the H1 , i am targeting 115-116, assuming we can break the opening level from today. I'll get to break even at the open price.
This is not a pretty sight. US QE has stopped. US$ will get stronger, US companies will suffer because of it. Even Apple will surely feel the pinch at some point but maybe not. Regardless of what I think of the fundamental reasons, the technical chart pattern looks like a bearish reversal and we are due a pull back. If this was on the h1, m15 or m1 i would trade...
If this can bounce a little to 1.50700 area I'd be looking for a short signal
Looking to get long this on any pull backs to support
This could break a key support area at some point in the near future. If this breaks 2000 and the Long Term Moving Average I'll be looking for a big correction.
I see the Price Action as a double bottom on the 1.100 target. Loads of institutions called for 1.100 as a end of year price for the EURUSD but after reaching that target and considering the massive drop over the last months trading I can imagine traders will be taking profits from their shorts and this could retrace back up. I am targeting 1.1500