EURJPY I would like to be long EURJPY on a break of the down trend line. My target will be the Yearly Pivot at 143 area. This is a long term perspective. Price may still push lower from current levels but I will be searching for long opportunities at this time
EURNZD DAILY TF I am expecting EURNZD to rise to 1.4230 which is a previous support level which may act as resistance. Down trend line may act as resistance as well. A break above 1.4230 level and the down trend line, will open the door to 1.4500 level
EURGBP DAILY - APRIL 20th 2015 I am expecting EURGBP to rise to 0.73800 during this week based on: 1. Tweezer bottoms at the backside of a broken trendline 2. MACD bullish divergence 3. 100EMA above price Crossing the 0.73800 zone with a bullish candle stick opens the door to 0.7800 zone
EURCAD 2D TF has put on a Bullish Piercing Line Candlestick formation. I am expecting EURCAD to move to 1.3400 zone in the week starting April 20th 2015 If price crosses the 1.3400 with a bullish candlestick, then the next zone is the 1.3800 If price faced resistance at that level, then price may drop back again to 1.3000 For this week, I remain bullish EURCAD...
GBPAUD DAILY - SYMMETRY TRADE AB = CD TARGET 1.9086 ... SELL ON BOUNCES
We might see a bounce up in EURUSD within the following months to 1.17-1.19 before heading further down to 0.98 OR Price may want to get to the Yearly Pivot before heading down (at 1.27) ? It will be interesting to watch !!
FINALLY, I CAN SEE DIVERGENCE IN OIL WEEKLY. WEEKLY CANDLE IS BULLISH OIL WILL PROBABLY ATTEMPT TO HIT 71 (YEARLY PIVOT). I WILL GO LONG OIL ON A BREAK ABOVE THE DASHED BLACK TRENDLINE !!
I can see USDCAD trading sub 1.14 by June 2015
Symmetry Trade in Silver Daily. Price was making lower highs and lower lows, THEN, market structure changed and price made a higher high with a higher low to start what maybe a bullish trend. I believe we may see silver at 19.76 with a period of 30-45 days This matches somehow with Gold analysis of being long to 1230
I am liking what I see on Gold. Price broke a down trend line from the Daily Time frame and it seems price is on its way to the Monthly Pivot at 1228-1232 Dropping to H4 & H1 Time frames: - If price is able to retrace to 1172- 1176 area and gives a bullish sign (bullish engulfing candle, Pin Bar with long shadow, tweezer bottoms, Morning Star, etc ..). Any...
NZDUSD A MOVE TO 0.8100 (YEARLY PIVOT) ON A BREAKOUT OF TRENDLINE, PULL BACK AND CONTINUATION. ** Check out Dollar Index analysis and commentary
GBPUSD DAILY GBPUSD might be setting up for a move to it's yearly pivot at 1.61 area. One idea might be a H&S setup. Another idea might be a breakout, pull back then a long trade to the yearly pivot ..
AUDUSD IS SETTING UP FOR A MOVE UP TO ITS YEARLY PIVOT @ 0.8600
DOLLAR INDEX DAILY WATCH OUT FOR 11700 & 11500 & 11100 LEVELS !!
DOLLAR INDEX H4 TIME FRAME SYMMETRY TRADE USD Index will probably fall to 11860 shortly which means I will only be thinking about Long trades in GBPUSD EURUSD AUDUSD NZDUS and Shorts in USDCAD & USDJPY
1. EITHER ENTER LONG ON A BREAKOUT OR 2. WAIT AND ENTER ON A RETRACEMENT ** NO BREAKOUT = NO TRADE !! ** WATCH FOR PREVIOUS HIGH @ 0.7910 **
March 21st 2015 After a busy week that was filled with Economic News & of course FOMC Policy Statement Plus Janet Yellen's conference, this is my take: 1. People came to a conclusion that removing "Patience" from the FOMC statement does NOT mean raising interest rates in two meetings (i.e. June 2015) 2. FOMC stated clearly stated that raising interest rate...
I would like to take a long position on AUDUSD based on a symmetrical move to 0.7780