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On AUDUSD I’m looking towards the median line confluence near .9200. Conditions would turn much more bearish on a break of that confluence towards Fibonacci supports at .9082 and .8982.
On GBPUSD the strong support at 1.6730 , which can produce bounce for 100 pips minimum.
Therefore, GBPAUD long can be favorable trade.
After three consecutive weeks of falls, the pair might be ready to recover. While we cannot expect to see flying colors in the kiwi jobs report, a stabilization after the previous disappointment could set the stage for some improvement, especially as the dust settled over the top tier and excellent US data. Above all, Fundamental is ...
We'r entering short EURTRY with long USDTRY.
With inflation numbers coming out of the euro-zone, we will probably get a stark reminder of why the ECB is in an ultra-easing policy, and that’s here to stay, especially as German business confidence slides and France is still lagging behind. In the US, even a miss on GDP and the NFP are not set to divert ...
EURUSD has broken the major support , whereas USDCAD approaching it's resistance line. In this scenerio we can go for short EURCAD with BEST risk reward. As far as Fundamental concerns, CAD is less weaker than EUR. All these conditions supporting our view.
A near term top was called last week in NZDJPY but something bigger may be underway. The rate has seen its deepest penetration of 2 year trendline support. The line, when extended from the June 2012 top, exerted influence at tops. As such, the action at this trendline is a major development.
Near term, there are characteristics that make the current situation ...
watch 2.0979-2.1046 as strong support.
Entering long on Current Market price i.e 2.120 with stoploss 2.110 and half T.p at 2.140
USDMXN made a thrust bar ON FRIDAY (outside day, range >= 20 day ATR, touches 20 DMA or Bollinger Bands), which provides a reference point to enter the market and establish risk. Friday’s low is just above daily reversal support (6/6 close). We were long in early June and it’s time to return to the position. It’s possible that an inverse h&s is forming from ...
In GBP/USD, sz-ventures notes that it is testing strong resistance in the 1.7140-1.7180 range and this resistance was very pivotal into the October 1998 peak.
"It is worth noting that the high so far on GBPUSD has been 1.7177 in this move higher. The high of the trend into the October 1998 peak after a rally from a 1.48 “handle” in 1996 was 1.7178. This move ...
GBPCAD has turned up from the bottom of a 6 month triangle. Another Spike unfolded today in USDCAD by the way. Support is estimated at 1.8210 in GBPCAD.
Looking this pair with comparison of USDNOK. USD is at resistance against NOK , EUR is at resistance against USD and against NOK as well, So short EURNOK could be highly fruitful with handsome risk reward ratio.
AUDCAD has dropped below but closed above daily reversal support (circled) the last 2 days. I like the idea of playing the range in order to take advantage of not just a possible AUDUSD thrust but also a USDCAD reversal. Above all, risk is well-defined.
NZDUSD has turned over after being extended to the upside , and a near term possibility is laid out below. Tripple top can be seen in the chart with rejected Pin bars.
Waves are sometimes better seen in a candle stick chart. Although AUDUSD has yet to exceed its April high, momentum divergence is present as AUDUSD did make a new closing high. I give more weight to divergence when RSI is below 70 (below 60 is even better), which is the case now.
.9362 is estimated support in AUDUSD. Failure to hold that level would put the near ...
Technically we can see Gold's move is corrective on weekly chart and have trendline resistance at 1330-40 . This corrective move may be due to ongoing Iraq crisis. I'd prefer to go short on market price $ 1316 with stoploss 1335 in short term and 1355 on long term , with short term T.p 1260 and long term T.p $ 1220
At the moment NZDUSD is at .8725/40 which is first resistance followed by 8800 (All time high) psychologically strong resistance level. Whereas , EURUSD might have strong weekly trendline support at 1.3400-50 . We prefer to go long on this pair for short term and long term as well.
Short term waves are clear. A new high could complete the advance from the low. The 1.4550 entry is near where a final thrust higher would equal 161.8% of small wave 4 (1.4555).
SHORT ENTRY 1.4515
T.P HALF 1.4315
usdjpy topped where it should have-ORDER TO SHORT USDJPY AT 102.15 STOP 102.45 TARGET HALF AT 101.40