hussein.ahmed

hussein.ahmed

Great fundamentals, lots of potential and elliot wave

hussein.ahmed

Last Post My last post about this pair was to stay neutral as there is no trend in action. Prices of this pair are currently in consolidation and for medium to long term traders this is a point of no profit. In my last post I suggested that for a conservative trader, we should wait for prices to either break above the 1.170 resistance or the 1.045 support. ...

hussein.ahmed

* Fundamentally: Canada is a major producer of oil and other metal commodities mainly gold. With the turmoil in commodity markets, Canada has been widely affected; to hedge against such an uncertain exposure, they were forced to cut interest rates and by that devalue its currency. The US is Canada's biggest exporter and economic performance in the U.S. has a...

hussein.ahmed

Fundamentally , both sides of this pair are facing selling pressures on other confronting currencies because they are begged to commodity prices. Aussie is very correlated with gold and all mining commodities, while Canada is also correlated with gold and oil. For that reason we can see the choppy charts showing indecision between buyers and sellers on the fate of...

hussein.ahmed

Fundamentals This pair is fundamentally long, that is because turmoil in international markets along with pressure from the SGD's neighbor in China, might cause a selling pressure on the emerging market to face off the negative global trade effects, which is another play for currency wars, especially that Singapore mainly depends on global trade which is poised...

hussein.ahmed

Let me start off by looking at the weekly chart. The weekly chart suggests that this pair is still under selling pressure as prices are still trading below the 200 weekly moving average, this suggests a bearish bias for the pair in case if we stretched our sight to the long term. Also looking at the MACD indicator (Weekly), it is heading south, suggesting a...

hussein.ahmed

This steep market decline in the S&P500 requires a lot of attention! until there is clarity speculation about the depth of the correction will prevail. The Good La st week the U.S. economy showed good signs of job creation, CPI index at 0.1%, housing starts were strong. The bad The conference broad still expect moderate economic growth, building permits...

hussein.ahmed

Weekly Chart: On higher time frames this pair is trading under a heaving downtrend. With major support levels represented by the BOLD DOTTED BLUE LINES. 4H Chart * On the 4h and the daily chart, prices are trading below the 200 and 50 DMA suggesting further weakening. * Prices broke the key 0.7696 support level to form a new strong support at 0.7369. *...

hussein.ahmed

Fundamentally The US is about to raise interest rates and is closer to a tightening monetary policy. The RBNZ is cutting deposit rates as economy is much affected by Chinese economic stagnation. This monetary policy divergence, causes investors to prefer holding US dollar based assets. Trend? We like to spot pairs that are trending to ride the market on the...

hussein.ahmed

This pair is one of the few trending pairs at the current time. I usually avoid trading in consolidation phases, some traders benefit from opportunities of repeated patterns in consolidation areas which I personally avoid. Moving Averages: The pair is trading above the 200 and the 100 daily moving average, suggesting further bullish momentum to the upside. ...

hussein.ahmed

Important pairs like EURUSD, USDGBP and others are not very attractive for us at the moment, as they are all in consolidation and does not give us an opportunity to find a complete trend that we can ride either to the upside and the downside. In addition Euro is fundamentally supposed to stay weak with the QE going, geo-political problems and Greece financial...

hussein.ahmed

This pair has been riding a strong uptrend all the way from 2014 towards this year. Showing how the USD has been surging in value, which added strong profits to our positions that we closed in March of this year. Because we like to trade simply and avoid all the hassle found in day trading, we choose to locate breakouts and get into positions that will take us to...

hussein.ahmed

Last week the RBNZ cut interest rates by 0.25% which set a downward pressure on the Kiwi. So fundamentally we are bullish on this pair. On the technical side, this pair has been on our watch list since 2 weeks ago after it broke a major resistance level of 1.09108. A break above this side sent prices higher to test the round number of 1.13000 which was the...

hussein.ahmed

LAST WEEK This pair was on my watch list since the beginning of May. The pair has been in a long downtrend since October 2014. On May the pair showed a strong up move that sent prices to close above the DAILY 200 moving average and to close above the January 2015 resistance (ex-Wave 2) which changed our bias on this pair to bullish. Jumping into the market at...

hussein.ahmed

Last week I posted a long trade idea on this pair at the price of 12.15. The price beautifully pushed up to break above the wave 3 resistance level to confirm further continuation of the uptrend. and Now i'm up +300 pips. Prices have been rejected three times at the 11.69 resistance which confirms why we are biased towards the bullish side. Prices are also trading...

hussein.ahmed

Prices completed a long down trend wave cycle to see a potential reversal after breaking above the 1.07835 level. Prices are currently trading above the 200 daily moving average which shifts our bias to bullish on this currency pair. We must now wait for a close above the 1.09108 (2nd green line) before we could trigger a long trade. That would ensure that this is...

hussein.ahmed

Will write it later.

hussein.ahmed

Overvalued Swiss franc? On march 19th, 2015 SNB left benchmark interest rates @ -1.25% and -0.5% and -0.75% on deposits, to discourage holding investments in Swiss Franc. The bank believes that the Franc is overvalued and should continue to weaken overtime. The SNB revised down growth in the Swiss economy to 1% from 2%. They believe that a stronger Franc keeps...