I have been waiting for a long time for this trade to materialize and it seems my patience will pay large dividends.
As we can observe from the two bubbles, this pair has touched the 200MAV on Daily twice since the uptrend begin on February 24, 2017. YES, MORE THAN ONE YEAR AGO! The first touch was June 6, 2017 and the price bounced and rallied upward. The next...
As we can see from the chart, the uptrend from last July has been broken and we've also completed a triple top pattern. The broken uptrend was retested and failed. Additionally, the Kiwi has been sold off heavily as of late and is bound to rebound. This is a longer term trade but the reward will be well worth the wait.
Good luck and thank you for looking!!
With a double top confirmed on both Daily and H4, this pair has broken the uptrend on the weekly chart as well. With the Euro in free fall and expected to drop further with political concerns in Italy and subpar data from the Eurozone and an oversold Aussie recovering well from multi week lows, this pair will only drop further.
The USDCHF rally has now been exhausted. The uptrend was broken, retested, and failed as demonstrated on the markup. Moreover, the RSI has now begun to roll over from the severely overbought (70+) region and a bearish crossover on the MACD (12,26,9) occurred on May 11, 2018. The Franc was also oversold across the board and I believe the stars have aligned of sorts...
The pair has double topped on H4 and broken the second uptrend from the pull back last week. Moreover, the MACD on H4 has signaled the bearish crossover. With data expected to be negative from the Eurozone, a dovish ECB, and an oversold Kiwi, this pair is primed for a healthy sell off.
Best of luck and thank you for looking.
And as always, please feel free to...
The MACD settings are 6, 13, closed, 9. The Stochastic RSI settings: LengthRSI 9, LengthStoch 9, SmoothK 6, and SmoothD 6.
As we can see, the settings are pinpoint accurate with StochRSI oscillator leading they way and the MACD confirming the trade once the crossover has taken place on the StochRSI. Based on my analysis, it would be a good idea to continue to go...
This pair has finally broken it's uptrend that it began on March 2, 2018. Moreover, we have a bearish divergence crossover on the MACD (settings 12, 26, 9) on the daily chart as well that occurred on April 27, 2018. With bearish pressure mounting, it is only time before we have a 4H close below the 50MAV and an acceleration downwards.
Please comment your views...
The uptrend from late last week has been broken. It was actually broken last Friday before the market closed. Hard rejection from a previous and we've also produced a nice head and shoulders pattern. I'm short on EURTRY and will take profit in the 4.96-4.94 area.
Best of luck trading and as always, please comment your opinions below.
This pair has finally broken its uptrend. It dropped significantly early in the week but bounced from the 200MAV on H1 and bulls were able to recover. But with poor data from the Eurozone and the ECB staying pat on future monetary policy, the Euro has been sold off across the board. We've now had multiple closes below 200MAV on H1 so it is now safe to short this...
As the markup demonstrates, GBPAUD has double topped on H4 and has been in a consolidation for more than 3 weeks. Aussie has held gains even with Gold falling but I believe this is partly due to Crude rallying (as the Aussie is a commodity strong currency) and dissipation of trade war fears. Taking the simple technicals and overall market fundamentals into...
Fundamentally speaking, the Lira has been weakened due to the CBRT staying pat on their rate decision and allowing the double digit inflation to continue. However, daily studies indicate that the RSI has become severely overbought and this pair will correct in the coming days. I will look to close my shorts in profit around the 3.84xx range. Best of luck!
Pretty simple here. This pair has been range trading for some time. The bearish pinbar yesterday has also indicated that this pair is heading down once more. Nice little swing trade to hold for a few day for a some good pips. Please leave your feedback below.
GBPJPY is heavily oversold. The pound has been heavily oversold and is reaching the trend line support on the weekly chart. And as you can see from the markup, bears will have to breach the 50MAV on a heavily oversold weekly chart to continue bearish momentum. With fundamental data coming out which is expected to be Pound favorable, I am long on the Sterling.
USDJPY seems to have found a bottom but must break above the bearish trend to well and truly confirm a bullish move. With Fed minutes coming up and the Dow/Nikkei 225 looking stable, we may indeed see some rational and calculable moves from this pair in the coming days.
Please comment below what you think!
Highlighted below is the strongest support H4 that has held up even through recent dropping of the indexes, massive jump in volatility, and plunging of equities. Once the immediate resistance is overcome, I believe USDJPY will continue upwards.