chastic

chastic

JPY posted mixed economic figures, while GBP is not posting anything of importance today. A falling wedge has formed and is looking to breakout momentarily. Stochastic crossing close the the 20. mark. RSI and MACD rising. Note the strong support 2017-03-09 (see volume on the day). My best guess it's a bullish breakout, if any. Yet, I'm waiting for the confirmation first.

chastic

We are all waiting for the US figures coming out really soon. I have waited on this day all week, because EURUSD has shown a very strong bullish signal - yet I'm waiting to see what result Nonfarm and Unemployment is showing.

chastic Updated 

AUDCHF has been screaming 'sell' for a while now, I've just waited for the catalyst which I think we just got today. CHF just came out with strong numbers on the consumer price index. Helping this setup to take off. We just passed 25EMA (not shown on this chart) and a cross over on a midterm stochastic (not on this chart). Cash is building up with weak buying...

chastic

This is one of those higher spread pairs, but with a tight SL and a quick to action response, I trust this one to be a fine trade. I have a small position currently on the short side and hopefully can cash in tomorrow or the day after. Buying power seems weak, looking over the indicators, on the Stochastic - which I do not have on this chart - also indicates...

chastic

It's not the most important released data, but it continues to go to JPY favor and by that, strengthening my beliefs that GBPJPY is on its way down. It is for sure going to rest for a bid on the 200MA, but I have just added to my short position I've had for 2 days and will hold it for a while.

chastic

A slight disappointment on the PMI, from the UK, gave the GBP a reason to continue falling. I'm in on a small position, because it's not that JPY came out with super strong numbers either. Hopefully a rapid profit over the next few days. A quick note, 10ema 55ma and 200ma is all pointing downwards. It's not favored long. Even though, it might bounce up when people...

chastic

This is, without doubt a long position for the long term. Diving into macro economy of TRY, it's not looking good, compared to EU. Currently I will wait and see if it's going to take a breather, before I jump in for the long run. Worth keeping an eye on.

chastic

As predicted, it found support on the previous high-trend line. SEK is releasing 'Industrial numbers in within the half hour, also EUR is releasing PMI within the hour. Depending on the released numbers, I strongly believe EURSEK is a long. Buying volume seems much stronger than selling. No cash build to be seen the last week. If it breaks above the 200MA (orange...

chastic

Waiting to see the GBP Construction PMI. If they come out with strong numbers, then this will fall like a brick. EUR is coming out with Core CPI Flash Estimate y/y and CPI Flash Estimate y/y. They do tend to move the market. Keep an eye on this pair after the release. My rule of thumb is, i'm never trading on the wrong side of 10EMA, and never going into a reverse...

chastic

It might rest and profit take around the 200MA, but it can't make new highs the past weeks, so I trust this one to fall over the next month. I have a large SL and will hold this for a long time. Currently it's at a good entry point, for anyone that might believe the short idea. Keep an eye on the event schedule, for any indications people might go out at around 200MA.

chastic

So it finally got to its tipping point. Have waited quite a long time for this. Now the question come; is it going to consolidate, reverse or continue up. It depends if a catalyst drops and distort the technical indicators, over the next week. I truly believe it is going down. I'll wait to see a more aggressive short action. I might add a order to kick in if it...

chastic

I'm pretty strong believer that we are going to see a third touch on the upper trend line. It does feel like it has found support already on the 55MA and 10EMA, but be aware it might go down and touch the bottom support, before going up.

chastic

Depending on the number released later today from the US, it's going to either reverse on the previous low trend line, and become the rebound loft - or continue up. I believe in the former. Let it hit and reverse next week, when it passes the candlestick from the previous day, I'm going short.

chastic Updated 

Despite the strong dollar it still can't break bullish on JPY. RSI and MACD didn't make a new high either. Volume was weak the past two days when it went positive, so I'm still dollaryen bearish. I'll wait to see if it's going to do a small reverse upwards and then bounce off of already tested resistance.

chastic

It's a strong resistance we a knocking at here. Even though CAD came out with disappointing numbers yesterday and GBP were a mixed bag - I still believe CAD is stronger and we'll see GBP continue down. It'll not surprise me if it jumps up today, but when that reverse happens I am in for a short.

chastic

EURDKK is at a magical spot currently. The resistance, its near now, have been tested many times. Currently you see the 5 times it's been tested since '11, but if you look further back, on the weekly, you will see it was also was tested in 2004, and again further back in the 90's. I'm not rushing to get into this pair - but it's definitely on my radar the next...

chastic

A breakout just happened on this pair. I'm only in for a small amount, because EUR has released strong numbers and volume isn't strong. It have been building up cash for over a weak now. But it's a solid breakout, with an exhausted candle yesterday. There is always the chance it might pull back a bit, in US market open, so you could wait. If RSI is diving under...

chastic

CAD reporting a forecast miss on Foreign Securities Purchases. That tend to move the markets and the US seems stronger, yet still. I have a smaller quantity on this pair currently, with a small SL. It's a volatile pair, so be aware it might reverse any day.