fxbymichel

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Last visit Joined 2 years ago canada fxbymichel www.fxbymichel.com
Markets Allocation
69 % forex 31 % other
Top Mentioned Symbols
EURUSD 15% | 2 AUDUSD 15% | 2 USDCAD 15% | 2 XAUUSD 15% | 2
fxbymichel fxbymichel AUDUSD, W, 6 months ago
AUDUSD: potential break to the upside for AUD/USD
40 1 2
AUDUSD, W
potential break to the upside for AUD/USD

On a weekly basis, the pair has been exhibiting sideways action for about a year. The pair is now nudging against the top of the trendline which,more importantly, coincides with the 100 week MA. Look to enter long positions with a weekly close above these levels.

fxbymichel fxbymichel XAUUSD, D, Long , 6 months ago
XAUUSD: Gold to continue surging to higher levels
48 0 1
XAUUSD, D Long
Gold to continue surging to higher levels

Gold (XAU/USD) has been in a general uptrend over the past 2 months. Look for a possible retest of the trendline at 1340 and then another move higher. Long-term RSI also supports higher prices. A break above 1375 should bring the 1400 level into play.

fxbymichel fxbymichel XAUUSD, 240, 7 months ago
XAUUSD: Gold bouncing off support levels in 4h chart
48 0 2
XAUUSD, 240
Gold bouncing off support levels in 4h chart

XAU/USD is bouncing off support at 1310 as well as the moving average. Look to go long on a break above 1330

fxbymichel fxbymichel USDJPY, W, Short , 7 months ago
USDJPY: Pivotal week for USD/JPY long term downtrend
24 0 3
USDJPY, W Short
Pivotal week for USD/JPY long term downtrend

A pretty pivotal week is taking shape in USD/JPY. On the weekly chart, the pair has been in a downtrend since the beginning of 2016. With the pair being at the confluence of the 200 week MA and the downtrend line, we look to initiate new short positions

fxbymichel fxbymichel EURUSD, D, Short , 7 months ago
EURUSD: EUR/USD resumes downtrend
27 0 3
EURUSD, D Short
EUR/USD resumes downtrend

After a month of consolidation, EUR/USD looks to be headed lower after breaking under 1.10. This would be the first close under 1.10 since March 2016

fxbymichel fxbymichel USDCAD, W, 7 months ago
USDCAD: waiting patiently for USD/CAD to break out
17 0 2
USDCAD, W
waiting patiently for USD/CAD to break out

An ascending triangle pattern can be clearly seen in the daily and weekly charts. For the time being we'll sit and patiently wait for the price to make a sustained rally above 1.32

fxbymichel fxbymichel EURJPY, D, Short , 7 months ago
EURJPY: EUR/JPY in a continued downtrend
11 0 1
EURJPY, D Short
EUR/JPY in a continued downtrend

EUR/JPY continues to put in lower highs and a daily time frame. The pair seems to be poised to make another leg lower after having failed to break above the 50 day moving average

fxbymichel fxbymichel AUDUSD, D, Long , a year ago
AUDUSD: Australian breaks out of multi year downtrend
16 0 3
AUDUSD, D Long
Australian breaks out of multi year downtrend

It's been a rough couple of years for commodity currencies the past few years and the aussie dollar is no exception. However, based on this longer term chart we could be witnessing the end of a multiyear downtrend. The pair has broken above the downtrend line and is now resting above the 100 and 50 day MAs. Oscillators have been trending to the upside for the past ...

fxbymichel fxbymichel EURUSD, D, Long , a year ago
EURUSD: Triple bottom forming in EUR/USD
86 0 2
EURUSD, D Long
Triple bottom forming in EUR/USD

Look for a potential bounce in the pair off the 1.05 level. The pair has been heavily sold over the past month and now seems to be poised to make a triple bottom. RSI has been holding steady while the MACD seems to also be turning higher. For a 1-5 risk/reward look for a move back to 1.10 while stopping out below a close of the March lows.

fxbymichel fxbymichel USDCAD, D, Short , a year ago
USDCAD: USD/CAD setting up for move lower
30 0 1
USDCAD, D Short
USD/CAD setting up for move lower

USDCAD following through after yesterday's double top rejection and reversal. target a move back towards 100 day MA. RSI divergence also confirming a move lower. Rally in oil and precious metals on the back of geopolitical tensions should provide some bullish momentum for the Canadian dollar.

fxbymichel fxbymichel BUND, D, Short , 2 years ago
BUND: Euro Bund to resume downtrend
4 0 0
BUND, D Short
Euro Bund to resume downtrend

Look for Bund futures to continue lower after hitting resistance at the 200 day MA and the 23.6% fib retracement

fxbymichel fxbymichel USDMXN, D, Short , 2 years ago
USDMXN: USD/MXN setting up for potential breakdown
48 0 1
USDMXN, D Short
USD/MXN setting up for potential breakdown

Looks like the pair has moved back from a multi year resistance level (weekly & monthly charts) of 15.60. It is now trading below the 100 day and if close below trendline support at 15.00, look for a test of 14.75 and then 14.50 in the upcoming weeks

fxbymichel fxbymichel XAGUSD, D, Long , 2 years ago
XAGUSD: Silver breaking out to the upside
20 0 0
XAGUSD, D Long
Silver breaking out to the upside

Silver up 3.50% on the day so far and slicing through the trend line. Next level to watch out for is a close above the 200 day moving average which hasn't occurred since August 2014. If this occurs, we will expect a test of the 50% fib level at 17.60

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