Euro has been skyrocketing higher in the past few weeks against the weakening Canadian buck but will this continue after the big T.L resistance we have ahead of us.This T.L resistance has been tested twice once back in 2008 and before that in 1998 & now Euro is making its way closer to it once more.I don't know about you guys but I am going short here.Look for a...
Currently we are standing at a multi monthly support turned resistance area which opens the door of opportunity for a trade here.Try shorting the pair with stop around the 0.78 area and look for 0.72 as target.
Eur/Usd broke out of the T.L support from 6th of Jan recently.... and is failing to hold above the 0.50% retracement level @ 1.0838 area... Chances are that that we could extend losses for the Euro extend further if we get a close below the 1.0838 area.
To me it doesn't doesn't look all that convincing but I still think this can happen.Currently as it is the pair needs to clear resistances @ 1.5355 - 1.5578 area before it can head higher to form a new top with in this bullish channel.After breaking out of the T.L resistance from August 24th 2015.The pair rose higher considerably.So far retraced only once and...
Looking very bearish right now and with chances of breach of support T.L from December Oil could sink sharply as this support has held the structure together thus far.In short term Look for targets @ 32 - 28 after breakout confirms...In case of failure of breakout wait for T.L resistance from June 2015 to come into play and enter shorts from there.
Neutral for now.Aussie is trading inside a triangle.Wait for a breakout and take your entries.Place your stop @ 0.7284 if you go long. Place your stop @ 0.7144 if you intend on going short. Good luck ;)
The Kiwi has become a bit bullish lately especially if you consider the price breaking out of the previous bearish Channel and with the current bullish channel still intact it shows us the Kiwi is looking strong.Also a couple of things to look at here would be the rising wedge like structure the price is trading in.The T.L support from November 18th remains...
[ Looks promising doesn't it ? So basically the idea here is to go short once the price moves back up a 500 pips or so as a result of retracement and retest of the Support turned Resistance zone around that 178.40 - 180.24 area and then wait and watch , In long term it can fall as low as 162 in my opinion.That's about 1800 pips if we get to sell from the 180...
Looks promising doesn't it ? So basically the idea here is to go short once the price moves back up a 500 pips or so as a result of retracement and retest of the Support turned Resistance zone around that 178.40 - 180.24 area and then wait and watch , In long term it can fall as low as 162 in my opinion.That's about 1800 pips if we get to sell from the 180...
Dollar/Yen has broken it's T.L support from August 24th 2015.Shortly after breakout it retraced back slightly for a period of 3 days and now is resuming the move to the downside,still plenty of room towards the downside so we are likely.The pair might find support near 119.20-118.20 or perhaps in the middle somewhere.Prices are currently trading below the 100 day...
DOLLAR/YEN has broken out of the T.L support from August 24th 2015
Ok so last week we saw the Euro/Dollar broke out of the T.L support from 18th of December , consolidated for a short while and continued to decline.We closed the week @1.07864 so the price now stands at the centre of the bearish channel it's trading in.Also right below we have the 0.382% retracement level.A close below this and the doors for another move to...
The Standard and Poor's index is closing in on resistance.Since the T.L Resistance from 30th Oct 2015 remains intact.It seems like a good idea to try going for a short around the 2080-2084 mark.At 2086 we have the 76.4% retracement level as well and I think we will another reversal from somewhere around there perhaps leading the price down for a retest of the...
Overall Gold looks pretty bearish against Kiwi as well. T.L Resistance from December 8th remains intact.As long as Price remains under it.Look for selling opportunities.Currently we are very close to the 61.8% extension of the move that started from 8th of December. We could see some consolidation here and perhaps retrace higher before breaking lower further ,...
Gold against Aussie looks to be under control of bears for the most part ever since it broke out of the T.L support from September 16th of 2015 and perhaps we will continue to see it decline further once we have a close below the 1434-1430 area .... I see 1420 and 1394 levels as our possible targets.
Gold maybe forming another top inside the structure and this may result in continuation of consolidation.Keep in mind a clear breakout above the T.L resistance from November 16th is required for continuation towards the upside also a close above the 0.236% level retracement would unlock the doors for an extension of retracement till 0.382% level and a close...
SPY opens the day with a 200 point gap lower.Prices are likely to move lower further down before we see a bounce towards the upside within the Bullish Channel on Day time frame.Look to buy around the 197.40 - 197.80 area.If you're looking for a swing trade.This seems like a decent zone for entry with stops just under the 196 mark. Take Profits around 206-208...