Starting to see the same ABC correction for Oil back in 2009 happening again on the monthly for 2015. Starting to think we'll rebound around 35-40 as an ultimate bottom. only long term, got no short term ideas on this one. plus all speculative.
seems gold is leveling off and looking for a new support. we are starting to test 1180 and will start to breach 1185 next. with the current momentum and upcoming releases it is possible to see the market drop back down to 1166. FX_IDC:XAUUSD
After a short $10 rise after the holidays. We start to see a support taper off and the price reflecting back to the 1145-1155 range. If we don't see a test around 1171 we should see OANDA:XAUUSD fall near 1145.
After the yen takes a short 0.95% hit we see the market bouncing around its old support nearing 117.0-117.1 - we should see a reversal and a new support formation around 117.75 depending on how the data releases are today with the yen
looking for a new support around 1161-1165. while we are dancing around resistance around 1150 we should see it break through to 1160 or back down towards 1145 while sitting sideways for the rest of the day.
Currency Pair: GBPJPY Entry Order: SELL stop @ 159.55 Stop loss: 160.29 Take profit: 157.18 If order isn't executed by tomorrow open, close.
Always look for your own entries, this is only my own personal play. Not advice. Entry Order: SELL stop @ 0.7718 Stop loss: 0.7755 Take profit: 0.7609 analysis: eurgbp appears to be forming a H/S bear price pattern. Breakthrough below Friday's key reversal bar could lead to a follow through on the downside
If we seen GBPJPY keep falling under 184.21 - I'll short this until close or until we hit 184.01 No data releases so we should have a solid path to 184.01
Lots of movement in USDCAD, up 1% coming to an end on an upward triangle. Depending what the US Consumer Credit Change is we might see a decrease into the 1.34 zone. Currently sitting at 1.351 zone with lots of room to descend
details in chart - will start expanding a bit more in depth soon.
Volumes been depleting since the last jump up to ~405. We've seen a lot of resistance around 305 from the past this year and I'm aiming to see if we'll revisit the same price range.
FX:AUDUSD After checking out some graphs and news I decided to enter around 0.7328 and take a profit around 0.7348
Long at 122.85 until 123.5 (or 123.25)
R1 - 140.05 - 141.05 S1 - 130.65 - 130.85 Target - 135.95 - 136.05
Looking at the 4hr chart and noticing a few key resistance/support levels dating back a few months ago we can see the market trending nicely with our low call support trends and a resistance trend line. looking for a long opportunity for sure
Key point after a short dip in the yen. should see a bounce near 182.2 and maybe support around that zone. speculating after events today
Noticing a lot of key levels, Overbought zones over 118.85, resistance at 118.40 and a solid support around 117.00. Keeping an eye on the fib retrace I'm looking for an entry around 118.15 down to 117.00 into the old support before the recent spike in value from 117.00 to 119.2 (which went from oversold, to overbought)