td6211

td6211

USDJPY likely fall to 108.1 - possibly lower to 106.5 The monthly trend (white line) has been aimed gradually down since the huge climb in late 2016. The daily trends (red line on top showing resistance, green line on bottom showing support) suggest that UJ has hit a strong level of resistance at 111.3, and is now heading to the bottom of the channel. 4h lines...

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USDCAD has been here for the past 4 hours trying to break the resistance area indicated by the purple line. Over the past couple of months when UC has this much trouble breaking through the resistance it is promptly followed by a long fall down. Stochastic and RSI are indicating overbought conditions, and the AO looks to be near the zenith of the rise to this...

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On the AUDUSD 4h chart (top left) we see that the ema5 (green line) is starting to cross below the 10ema (red line), RSI is under 50 and heading down but not yet in oversold territory (purple line), and stochastic is heading down but not yet oversold (green&red, bottom), both of these indicating that we potentially have more downward movement. The DXY 4h chart...

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Notice in the 4h GU chart how the last two candles and the one currently forming are making a morning star three-candle pattern. This usually signifies a trend reversal from bear to bull . Look to the 15m chart for entry, when MACD histogram is moving from neg to positive, RSI is not overbought but still greater than 50 and heading up, and Stochastic is not...

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NZDCHF has been respecting the top and bottom of the channel since July of 2016. Although my entry on this was near the most recent confirmation candle close (yellow arrow), I'm considering holding for several months. NZDCHF has a good swap rate, and looks to have a good short-term exit in the .73100 area. my entry was at .71485, and I placed SL at .70531, just...

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Overall, GBPUSD is in a downtrend for the last six months. On the 4H chart we can see a nice evening star pattern forming right at the top of the short term channel. should this be confirmed on the next candle we could see a drop from 1.2225 to around 1.2052 over the next couple of days. I would be looking to enter around 1.2200 and TP in the 1.2050 area, with SL...

td6211

As you can see on the daily, GBPUSD has been in a good downtrend for the last six months, clearly respecting the upper line and finding support on the bottom. GBPUSD is currently under the monthly pivot of 1.24429, and has been for the past week and a half. S1 is at 1.2090. For the long term trade (now to march) I'm looking to see it test and bounce off of the...