david.cummins.581

david.cummins.581

This very large bullish candle has wiped out all gains the yen had made over the last week or so. has broken above a resistance level and i expect it to further climb to its previous highs around the 189 levels. This is where i have set my price targets. My stop is just up the resistance level that we just broke through at just below 185. It was looking as if our...

david.cummins.581

It looks here to me that the EUR rally is taking a few backward steps however my overall long term view for the pair is still a bullish one. Im expected for the price to reach the key levels of support at 1.106, however it is also very likely that the price wont get to these levels before rebounding back above its previous high at 1.138. Our ADX is also showing us...

david.cummins.581

It is starting to look as if the bears are starting to take control in this pair. We have a shooting star 2 days prior followed by a rather large bearish candle. Im reluctant to call this a bearish engulfing pattern there isn't really a well defined prior trend. The most important thing to notice on this trade is that we are coming up to a minor resistance level....

david.cummins.581

It looks to me as if the recent surge in the AUD has taken a breather and is starting to reverse slightly. We failed to top our previous high and have a high wave candle which could nearly be called a shooting star. Our moving averages have also crossed over on the 4hr chart which will more then likely be the case on the daily chart. However i would be careful...

david.cummins.581

We have a very bearish shooting star on the previous candle session which is then followed by a large bearish engulfing candle creating an evening star. We also have a close below our shorter term trend line. Our two moving averages are also about to bearishly cross over. We can predict this will be the case on the daily chart as they have already crossed over on...