Go long the NMBL if it trades at 8.23 or higher. If triggered, place your stop at 6.61 and exit the position for a profit at 9.12 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.youtube.com
GBP under tension because of the Brexit (that's it) Cyclically strong. Historical GBPUSD average at 1.6000 www.rbnz.govt.nz
A potential buy position from the emerging cypher completion at D (0.5123) area with two profit targets. Potential 92 PIPS in the apple!
Saw a spike to 111.04 low ahead of rebound to regain 112.00 level. The long lower wick suggest recent decline is stalling and a correction to retrace the recent sharp selloff from the 114.87 high now in focus. Lift over 112.310 will see stronger recovery to 112.80 then 113.38 to 113.60 area. Here at Unique Forex we combine our team's 40+ years of trading...
The ratio of long to short positions in the USDJPY stands at 2.22 as 69% of traders are long according to a survey of retail traders at several brokers. Yesterday the ratio was 2.21; 69% of open positions were long. Long positions are 4.3% higher than yesterday and 5.8% above levels seen last week. We use these statistics as a contrarian indicator to price...
Declining below 1.1000. • EUR/USD has broken hourly support at 1.1070 (04/02/2016 low) and is now holding below it. The short-term technical structure still suggests a further bearish move. Hourly resistance lies at 1.1139 (19/02/2016 high). Expected to decline. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key...
Not only did it head towards the downside 5 times but now it has higher low. Don't wait till the 8$ to get in it will spike big time.
Look for a short trade setup in EURCAD over the next two days, preferably on Feb 22nd around 13:00 GMT or Feb 23rd around 17:00 GMT. Price should stall out around the 50% Fibonacci retracement which coincides with the 3rd square root from the most recent low of 1.51402 set on Feb 18th. Should EURCAD run up to these levels it could stall out presenting a nice...
Monitoring support at 1.1070. • EUR/USD keeps on pushing lower. The short-term technical structure suggests a further bearish move. Hourly support at 1.1070 (04/02/2016 low) has been monitored. Hourly resistance lies at 1.1260 (10/02/2016 high). • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is...
Strong volatility. • USD/CAD has been very volatile over the past few days. A bearish bias is still favored. Current price action is following old downtrend. Hourly support is located at 1.36392 (04/02/2016 low) and hourly resistance can be found at 1.3911 (16/02/2016 high). Expected to see further rebound. • In the longer term, the break of the key resistance...
We have entered a correlation trade between AUDUSD and NZDUSD this evening. The weaker than expected inflation numbers in New Zealand is causing the Kiwi to selloff while the Aussie hangs strong against the US Dollar. This news has given us an opportunity to go Long NZDUSD while Shorting AUDUSD. The current spread is approximately 120 Pips on the hourly chart. ...
Watch for a BoJ intervention: EURJPY is setting up very interesting. Although the overall trend is to the downside & we prefer to trade with that trend, considering the news flow from Japan we need to be open to a different view. On Jan 29th Japanese 10 yr bonds went negative, ever since the Yen has been on a tear higher. There has been a lot of chatter the BoJ...
Ready to monitor resistance at 1.1387. • EUR/USD keeps on pushing higher. Hourly resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further increase. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at...
Good bat pattern on the daily USDEUR chart to trade over the next several weeks. My fundamentals are pretty neutral on this pair so will be nice just to see how the pattern plays out. Buy at 0.8790. Stop loss based on a very solid piece of previous structure support. Profit target based on Fibonacci levels.
Pushing higher. • EUR/USD keeps on pushing higher. Daily resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further increase. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range high) and 1.1640...
Technicals We have a Gartely pattern set up here. I am looking to go long at 0.03697, which falls between the 0.786 retracement and 1.272 extension along with 1:1 ratio between the AB and CD legs. There is also a divergence on the Relative Strength Index from a heavily oversold condition, supporting a spike from around the current price. Fundamentals...
Targeting resistance at 1.1387. • EUR/USD keeps on pushing higher. Daily resistance lies at 1.1387 (20/11/2015 high). Hourly support may be found at 1.0711 (05/01/2016 low). Yet, expected to show further increase. • In the longer term, the technical structure favors a bearish bias as long as resistance holds. Key resistance is located region at 1.1453 (range...