USD CONTINUES TO EXTEND GAINS. AFTER OPENING WITH A GAP ON THE UPSIDE & FILLING IT TODAY.WE CONTINUE TO HEAD HIGHER.MINOR RESISTANCE AT 99.46 AND 99.94 AREAS , WE ARE GETTING CLOSER AND CLOSER TO THE YEARLY HIGHS WE SAW ON THE GREENBACK IN THE MONTH OF MARCH THIS YEAR. WILL DOLLAR BREAK AND CONTINUE TO ADVANCE FURTHER LEADING TO FRESH YEARLY HIGHS OR ARE WE IN...
APPLE STOCK PRICES BROKE OUT OF THE TREND CHANNEL TODAY AND FOUND SUPPORT @ 111.00. WILL THE SUPPORT HOLD AND WILL THIS BULLISH MOVE CONTINUE OR WILL WE SEE DOWNSIDE CONTINUE AFTER UPSIDE RETRACEMENT IS OVER ?? HERE'S MY TAKE ON IT ..... I THINK PRICES COULD CONTINUE TO RESUME MOVING SOUTH AFTER WE TEST THE SUPPORT TURNED RESISTANCE AREA.PRICE IS CURRENTLY AT...
WE GOT A POSSIBLE HAMMER FORMATION UNDERWAY HERE.HOWEVER THE OVERALL TREND HERE REMAINS BEARISH.ALSO THE PRICE CONTINUE TO TRADE BELOW THE 100 DAY SMA AND 50 DAY EMA. THE IDEA CONSISTS OF TWO SCENARIOS. WHERE WE COULD CONTINUE HIGHER FROM HERE AND SEE A REVERSAL FROM THE 38.2% FIB RETRACEMENT LEVEL. IN THE SECOND SCENARIO WE MAY EXPECT A BREAKOUT FROM THE TREND...
EURO MANAGES TO HOLD ABOVE 1.0686 AREA SUPPORT AGAIN , BROKE OUT OF THE T.L SUPPORT FROM 10TH OF NOVEMBER TWICE TODAY BUT HELD AND GOT A CLOSE BACK ABOVE THE TREND LINE.FOR THOSE LOOKING TO SHORT THE EURO/DOLLAR FURTHER.WAIT FOR A CLEAR BREAK OUTSIDE OF THIS TREND LINE AND SHORT BELOW THE SUPPORT LEVELS @ 1.0686-1.0672 AREA.OVERALL TREND ON H4 TIME FRAME REMAINS...
WE CLOSED OUT FRIDAY ON THE DAILY TIME FRAME WITH A DOJI BUT WE ARE APPROACHING THE T.L RESISTANCE FROM 15TH SEPTEMBER 2014 AS WELL. T.L SUPPORT FROM SEPTEMBER 7TH OF 2015 STILL REMAINS INTACT AND PRICE HAS BOUNCED FOR THE THIRD TIME LAST WEEK FROM IT SO POSSIBLY MORE UPSIDE TO COME ON THIS PAIR IF THIS T.L SUPPORT CONTINUES TO STAY INTACT. WAIT FOR A CLEAR BREAK...
OK SO NZD/USD CLOSED LAST WEEK AT 0.6534.BEFORE THAT PRICES CONTINUED TO TRADE INSIDE A DESCENDING TRIANGLE AND WE MAYBE NEARING A BREAKOUT SOON WHEN WE KICK OFF NEXT WEEK.WAIT FOR A BREAKOUT AND PRICE CLOSE ABOVE/BELOW THE HIGHLIGHTED AREAS.TREND ON H4 TIME FRAME REMAINS BEARISH FOR SHORT TERM.PRICES STILL TRADING BELOW THE 100 DAY SMA AND 50 DAY EMA.LOOK TO GO...
WE FOUND SUPORT AT 49.95 - 50.00 AREA LAST WEEK ON DOW THOUGH IT IS A NICE ENGULFING BAR ON A DAILY TIME FRAME.UPSIDE MAYBE LIMITED IF WE FAIL TO BREAK ABOVE THE RESISTANCE AT 52.50 AREA.A BELOW 49.90 AREA AND WE MAY SEE 48.20 SUPPORT LEVEL COME INTO PLAY AND BELOW THAT WE HAVE SOME SUPPORT AT 46.70 AREA
LOOK TO SHORT BELOW 203 AND PLACE STOPS AROUND 206.30 AREA WITH A TARGET OF 199-198 AREA IF WE CONTINUE TO BREAK LOWER FROM THERE EXTEND YOU TARGET TO 196 - 195.60, KEEP IN MIND WE HAVE ANOTHER SUPPORT AT 195.20 AREA. ABOVE 206.30 YOU MAY TRY AND GO LONG WITH STOPS JUST UNDER THE 206.30 LEVEL WITH A TARGET OF 208-210.40 , RESISTANCE LIES @ 210.70 & 212.80
AFTER A SHARP DECLINE FROM 1182 ALL THE WAY DOWN TO 1074 WE HAD THE SUPPORT @ 1070 FROM 15TH OF JULY IN FOCUS.HOWEVER GOLD HAS SEEMINGLY A FOUND SUPPORT AT 1074 AREA JUST SLIGHTLY ABOVE IT, WE ARE LIKELY TO CONTINUE TO CONSOLIDATE FOR A WHILE IN A 1070-1098 RANGE -BEFORE THE NEXT BIG MOVE LOWER THAT BEING SAID WITH THE RECENT WEAK USD DATA PRINTS THAT CAME OUT...
AUSSIE CONTINUES TO TRADE ABOVE 0.71 AFTER YESTERDAYS POSITIVE EMPLOYMENT DATA.CURRENTLY LOOMING AROUND 0.7126 . SHORT TERM T.L RESISTANCE FROM OCTOBER 15TH REMAINS INTACT BUT SO DOES THE SUPPORT FROM SEPTEMBER 4TH.IF WE SEE ANOTHER REJECTION AND PULL BACK BELOW 0.7148-52 AREA SUPPORT LEVELS AT 0.7082-64 MAY COME INTO PLAY.HOWEVER IF WE BREAK BELOW THE T.L SUPPORT...
CRUDE OIL'S DECLINE FROM 48.30 HAS EXTENDED LOWER ALL THE WAY DOWN TO 41.40 AREA MINOR SUPPORT. FACTORS TO WATCH HERE ARE : 1) STILL TRADING BELOW THE T.L RESISTANCE FROM NOVEMBER 4TH. 2) STILL BELOW THE 100 DAY SMA AND 50 DAY EMA . 3) SHORT TERM TREND CHANNEL SUPPORT COMES INTO PLAY BUT LACKING BOTTOM FORMATION.A BREAKOUT FROM T.L RESISTANCE FROM 4TH NOVEMBER...
USOIL PERHAPS GETTING READY TO BREAK LOWER .CURRENTLY TRADING AT 43.68.IF WE BREAK BELOW THE SUPPORT @ 43.54 WE MAY SEE ANOTHER 100 PIP MOVE TO THE DOWNSIDE.
EURUSD JUMPED PAST THE RESISTANCE AT 1.0788 AREA YESTERDAY AND EXTENDED ITS GAINS SLIGHTLY FOR THE DAY WHEN THE FEDERAL BUDGET BALANCE CAME IN AT LATER , CURRENTLY STILL TRADING ABOVE THE 1.08 AREA AND AT 1.0808.PRICES STILL BELOW THE 100 DAY SMA AND 50 DAY EMA .WE BROKE ABOVE THE T.L RESISTANCE FROM 2ND OF NOVEMBER 2015 YESTERDAY AND POSTED A HIGH AROUND...
AFTER A SHARP MOVE LOWER ON H4 TIME FRAME LEAVING BEHIND A STRONG BEARISH CANDLESTICK I'M LOOKING TO ENTER A SHORT HERE WITH A STOP AROUND 1.3296 AREA.THIS IS JUST A SHORT TERM TRADE IDEA. IF WE GET A CLEAR BREAK AND FOLLOW THROUGH BELOW 1.3240 WE COULD MOVE FURTHER DOWN TO 1.3224-1.3216 AREA.A CLOSE BELOW THAT LEVEL AND THE MOVE COULD EXTEND ALL THE WAY TO 1.3184...
AFTER A FAILURE TO CLOSE ABOVE THE 1.0788 AREA RESISTANCE YESTERDAY EURO FELL AND THE SELL OFF CONTINUED TILL WE REACHED THE 1.0670 AREA WHERE WE HAVE A MINOR SUPPORT.EURO REACTED TO IT BY POSTING A DECENT BULLISH CANDLESTICK AND NOW SHOWING A BIT OF FOLLOW THROUGH AS WELL.CURRENTLY TRADING AT 1.0714 AREA.BEARISH TREND CHANNEL REMAINS INTACT AS WELL THOUGH THE...
AUSSIE LOOKING TO TEST THE RESISTANCE AT 0.7074 AREA.A CLOSE ABOVE THE AREA SETS THE PAIR UP FOR A TEST OF 0.7118 AREA.PRICES CURRENTLY TRADING AROUND 0.7058 AREA AND WE ARE STILL QUITE BELOW THE MOVING AVERAGES.NEAR TERM SUPPORT IS AT 0.7022 AREA.IF WE BREAK BELOW THIS SUPPORT AREA AND OUT OF THE TREND LINE SUPPORT COMING IN FROM 4TH OF SEPTEMBER 2015.CHANCES ARE...
USD/CAD STALLED AROUND 1.3316 AREA AND PERHAPS HAS FORMED A NEAR TERM TOP AROUND THE AREA.CURRENTLY TRADING @ 1.3270 WE HAVE SOME MINOR SUPPORT BELOW @ 1.3252 AREA.IF WE BREAK BELOW THAT AREA WE MAY HEAD FURTHER DOWN FOR A TEST OF 1.3192 AREA SUPPORT.PRICES ARE STILL WELL ABOVE THE 100 DAY M.A AND 50 DAY EMA.SO THE TREND HERE IS STILL BULLISH ALSO OUR SHORT TERM...
AFTER LAST WEEKS HUGE DECLINES WE ALREADY KNOW THAT THE BEARISH TREND IS SET AND ONLY GOING TO RESUME ONCE RETRACEMENT HAS RUN ITS COURSE BUT WHAT ARE THE BEST AREAS TO ENTER THIS SHORT POSITION ? WELL IN MY OPINION SINCE WE ARE CURRENTLY STILL HANGING ON TO THE SUPPORT AT 1.5026 AREA WE WOULD ONLY NEED TO BREAK ABOVE 1.5106-08 AREA TO SEE A RETEST OF SUPPORT...