Riding the recent strong bullish EUR pairs after the 1st round of French presidential election. But monitoring closely because based on weekly chart, long-term trend is still bearish unless it breaks 1.50. www.hantecfx.com D: W: Confidence: C (we'll see what will happen on the 2nd round of French elections)
Same reasoning as EURAUD, monitoring closely too for sudden reversal if there's any signs of Le Pen winning the 2nd round (in-line with the hacking incident on Macron-- almost similar to what happened to H. Clinton). www.dailyfx.com www.fxstreet.com D: W: Confidence: C (still risky until round 2 of French presidential election is over)
With stronger JPY lately (esp after last Friday's US strike in Syria) together with another risk-haven gold, and no signs of recovery yet for NZD, this pair is more likely to continue being bearish. I've setup a higher stop order in MT4, and a late but more conservative version here in tradingview, few pips below current period's S1 pivot line, with TPs at S2 and...
With the uncertainty in EU while the French election is still ongoing, and JPY stronger lately for being a safe haven, there's more likelihood that this pair will continue being bearish. Setting up a sell limit order (or manually open a market order, depends) a few pips below S1 pivot line, with TP at S3 and SL above S1. www.econotimes.com D: W: ...
This pair has more probability to continue dropping up to 80. Depending on fundamentals/sentiment next week especially regarding oil and strength of USD in relation to JPY, it can either drop further to 75 or bounce up after reaching 80. www.nasdaq.com Oil: D: W: Confidence: C (with weekly oil chart showing slight recovery, this pair might bounce...
Setting a stop order for this pair with TP around 116.3-116.4 and SL just slightly above current pd S1 pivot line. www.fxstreet.com D: W: Confidence: B (though sentiment on EUR continues to be bearish, sentiment on JPY might reverse as soon as USD begins recovering)
Finally the bounce up I've been waiting for several weeks now. Going long with TP near 15.000 after the S&P downgraded South Africa's debt to junk status. www.dailyfx.com D: W: Confidence: A (with USD index chart beginning to show signs of recovery and weaker ZAR after the downgrade, technicals aligned with fundamentals and sentiment)
Since this pair is already overbought, there's more likelihood that it will bounce down soon then would go ranging between 0.746-0.774. Setting up a sell stop order few pips below prior period's R2 pivot line, with TPs at current base and prior period's R1 pivot lines. www.dailyfx.com D: W: Confidence: B (if USD index breaks past the 99-100 support,...
Waiting for the JPY GDP news tomorrow before setting up a sell stop order below S2 pivot line with TP at S4 and SL between S2-S3. Pair had a breakout at 80.5 support and might be heading now to 77.0. www.tradingfloor.com D: W: Confidence: A (assuming still same sentiment with JPY tomorrow after GDP news as today)
Setting up buy stop order above R1 pivot line soon with TP @78 and SL just few pips below R1. With AUD going stronger lately and daily chart showing a new level of S&R (above @76.5), as well as on stronger bullish sentiment on AUD and bearish sentiment on CHF among non-commercial traders in COT, this pair seems to be ready to recover in the long run (weekly chart...
Cautiously bearish before the Article 50 trigger this month. Setting up a sell stop order below S1 with TP at S2 and SL at previous period's S3. D: W: Confidence: A (aside from fundamentals and technical, COT also shows a stronger bearish sentiment among non-commercial traders)
Setting up another sell stop order. Same reasons as the previous idea but better setup to avoid getting whipsawed this time.
Setting up sell stop order with TP at previous period's S4 fib line (green) and SL at upper BB and current base fib line. Higher time frame charts support the drop though there's still probability that this pair will go ranging again, but I think it will drop near 1.20 (this year's low) to test the psychological support before either bouncing up or dropping...
Setting up a sell stop order with TPs at S2 and S3 pivot lines, and SL few pips above S1. Price action in higher time frame charts also support the drop www.sharechat.co.nz www.economiccalendar.com D: W: Confidence: B (the latest Trump's State of the Union is driving the Kiwi down which might only be temporary and it's highly possible that this pair...
Waiting for a breakout in the weekly chart: Once this pair reaches R2 pivot line, setting up buy stop order with TPs at R4 and R5 (or higher, near 1.10000 psychological support) and SL between current R1 and R2 (or previous period R1) pivot lines. Price action in higher time frame charts as well as fundamentals-- better than expected Q4 GDP data for Australia--...
In continuation of last week's trading idea (buy stop order wasn't hit last time, let's see if it does this week). TP is along previous period's R3 pivot line and SL at R1. D: W: Confidence: C (thanks to the upcoming Trump's speech on Tuesday; preferable setup trades after, or if it buy stop order is open and hit before his speech, close it immediately...
Setting up a buy stop order again. Daily chart is showing a bullish price action, and though the ADX indicator is currently below 20, it's heading up so a bullish breakout might be possible soon. D: W: Confidence: C (because of Trump's speech on Tuesday; if buy stop gets hit soon, must close it before his speech)
Fundamentals support rising USoil in the near term (although higher time frame charts show a rather flat/ranging movement lately). Setting up a buy stop order above upper BB, with TP at current R1 fib line and SL at base fib line. oilprice.com www.cnbc.com D: W: Confidence: B (mixed sentiment about oil because current fundamentals might not be...