It was a tremendous week, last week, first we were LONG with the EURUSD thinking that nothing will stop this BULLs, after the FED delivered the report on Wednesday, it went up, up, up, like it was on fire. It crossed the resistance on 1.1414 and it looked like it was unstoppable, suddenly it had no more energy and it started to come down. At the same time, the DXY...
Again here with another hammer signal with this pair, NZDCAD. Again hitting resistance and resistance at a trend that goes down.
At the end of the day, we had a beautiful hammer signal only to reinforce the SELL sentiment in the market.
We love those Japanese Candle stick signals, and we trade them often.
The NZD is expensive, especially for the Asian market, is...
Today was a great day for Gold Bears, Gold fell from 1345.00 to 1325.00 where it found support on the 200EMA.
Will it continue it trend down?
Yes. Or at least this is what we are reading from this chart.
Advice, trade carefully.
#AUDSUD goes up during the morning session of US trading. We are buying this pair @ 0.7088 and we expect to get at least +/- 75pips of this trade.
Main reason, #USdollar, end of cycle, will continue to head down and #AUD is going up, we are buying the momentum with total confidence.
Buying @ 0.7088
Take profits: > 50 pips.
Stop loss: 0.69
The #usdollar is gaining again today, and even that we believe that the #usdollar trend will change this year, it doesn't mean that it will not bounce and there are some opportunities in this end of wave cycles.
Here, #usdcad bouncing, it is oversold and we can make at least 50 pips.
Buying @ 1.3300
Stop Loss @ 1.30
Limit @ 1.3350
One of the signals we mostly use is the #japanese #candlesticks, it gives you a good perspective of the market's sentiment.
Fundamentalists are saying that the USD will lose some valuation this year, and this is probably the best signal indicating that.
This is a #hammer #candlestick signal, it indicates the end of a trend, reverse.
This signal is too good to...
After a hard #forex crash caused by an Apple economic release during light trading hours, making "people" run into safe heavens currencies, the USD gained terrain on every single pair. It has recovered by now, and it is leaving a huge signal indicating that it is time to BUY, and if we look on any pair the signal is the same. Sell USD. Is this the end of the US...
Long-term trend for this pair, #nzdcad, is still in the down side. Presure keeps building in the 0.90 to 0.91 area, it is clearly overbought and ready to continue with its trend. A study of waves of also shows that these are the last waves in the correction trend and it is ready to go down.
I already have several positions with this pair, and I am "milking" them....
We have been selling this pair since it started showing signals that it will reverse/continue its main trend (down). But this Canadian Dollar has been losing ground due to the USOil going down on price, (Canadian dollars dependence on Oil exports) but for now it seems that the USOil has find a bottom at $52.00.
Anyway, we are selling MORE, NZDCAD.
We sold @ 0.9040...
This is the final signal that we were waiting for, we opened this trade at the beginning of the week, right now we are about -50pips.
Why am I shorting this pair, the long-term trend for this pair is down, the RSI signal indicates that price is too high, and my beloved candlestick in the daily chart is now showing a "direction change" signal.
So, I am still...
I don't trade #usoil but this is an interesting chart that #forex traders should look from time to time in order to do a good technical analysis. In this case, for example, #usoil could be tied to your trades with CAD and MEX currencies.
Interesting and very noticeable are the two reversal signals, RSI clearly oversold and the #candlestick 'reverse hammer'...
I already have an open trade with this pair, and I'm doubling my entry now @0.8900 because there are obvious signals that this "up" short-term trend is running out of fuel. We are expecting 2 fundamentals news (oil inventories) that have already make a dent on this pair, so they shouldn't affect the price and they should actually send the CAD Dollar high, so thats...
Silver is hitting a support around 14.000, great opportunity to buy
Take a look also at those #candlesticks great reversal signal left yesterday and again today. This is my plan:
Buy now @ 14.000
Stop loss @ 13.250
Take half profits @ 15.000
I'll keep updating this accordingly.
#nzdcad is showing oversold signals within several signs and charts, right now is hitting a resistance around 0.8950.
This is a perfect time to short this pair and make at least, AT LEAST 50 pips. this is easy money in the next 24 hours. But it can go as low as 0.8500 in the next month or so, so there is a huge opportunity for making some money here.
The long-term trend for the #audusd is on the downside. But this pair has been going through a correction for the last couple of days.
The downtrend should come back anytime soon and the signals are again showing that there is resistance @ 0.7290 and that there are lots of fundamentals indicating an Aussie fall.
So, we have, RSI signals showing it is time to sell,...
La mayoria de mis trades siguen el patron de tendencia, y me fijo mucho en las #velasjaponesas para decidir mis puntos de entrada. En la grafica diaria del #audusd tenemos una señal de venta, lo cual indicaria también que ya esta agotando la fuerza de subida. Al mismo tiempo, estoy chequeando el #usdollar (#dxy) para tener mas seguridad en esta entrada. Hasta el...