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About me Trade analysis by the TradeWiseFx group.
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Markets Allocation
67 % forex 33 % other
Top Mentioned Symbols
COPPER 33% | 1 GBPUSD 33% | 1 USDJPY 33% | 1
TradeWiseFx.com TradeWiseFx.com GBPUSD, D, Long ,
GBPUSD: "Cable" is on a verge of breaking higher
198 0 3
GBPUSD, D Long
"Cable" is on a verge of breaking higher

The British pound has been stuck in a medium term range for 6 months since May and has not moved to any direction. While this could mean that the range could just keep on going and fakeouts are more likely there is a possibility of a short term surge higher if we brake the 1.55 level. This is supported by a bullish divergence in the RSI which is pointing to higher ...

TradeWiseFx.com TradeWiseFx.com COPPER, D,
COPPER: Copper breaking the bear
152 1 5
COPPER, D
Copper breaking the bear

Strong divergence in copper shows that the bearish trend is possibly ending. No long position before a break over 2.5 though.

TradeWiseFx.com TradeWiseFx.com USDJPY, D, Short ,
USDJPY: USDJPY going bearish
93 1 2
USDJPY, D Short
USDJPY going bearish

A topping USDJPY has broken down from a triangle. We believe the pair has more downside, targeting support at 110 where 2014 september high and fibonacci retracement line collide.

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SPY
SPDR S&P 500 ETF
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USDJPY
U.S. Dollar/Japanese Yen
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SPX500
S&P 500 index of US listed shares
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