Dear Friends I thought it would be a good idea to share with you my plan for the coming week. New Zealand dollar NZDUSD This pair is very bearish both on Monthly TF. It made several attempts to go lower and each time failed BUT it is still below both trend lines and both EMAs therefore it is still bearish. On the Weekly TF also last week it came back below...
Dear Friends I have been developing an indicator which identify key supports and resistance using "Swing indicator" as the main sub-indicator. Here is what I think for AUDNZD: On hourly TimeFrame, this pair has made a wedge formation which is more likely to be broken to the downside. Watch that false breakout and if you look at Daily it is below EMA 14 and 21 and...
Dear Friends I have been developing an indicator which identify key supports and resistance using "Swing indicator" as the main sub-indicator. Here is what I think for AUDNZD: On hourly TimeFrame, this pair has made a wedge formation which is more likely to be broken to the downside. Watch that false breakout and if you look at Daily it is below EMA 14 and 21 and...
Here is another call on YEN strength ...
Suprise build on OIL inventories both on API and today's news plus stronger YEN leads us to this call.
OIL Long
I would open a small position here. Be mindful of the major Fibo. You may want to wait for it to break and then see the bounce into the Fibo...