Community Blog

Filtrar por etiquetas:  50 Retracement
Avatar

Singapore Dollar Near Long-Term Average

The Singapore Dollar is trading near its long-term moving average. On the chart below we can see two things, a Fibonacci retracement tool spanning the most recent swing high and low on the daily chart and a 365 period moving average.
The Fibonacci tool shows us that we're currently trading in between the 50 and 61% retracement, very close to the middle ground of the move during the past 12 months. Two, the 365 MA (in blue) is right now at 1.3858, only 26 pips away from the current price for USD/…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

EUR/PLN Still Inside Five-Year Range

The EUR/PLN continues to trade inside a five-year range. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.2964, only 3.37% away. This is a negligible amount for four years and 9 months of trading.
On the lower time-frames things aren't looking great for momentum traders either. Notice how directionless ranges prevail here as well. Another reason why am I betting on the pair staying near the current price is t…
Lee el artículo completo
Traducir a inglés Mostrar original
fxsurprise8 avatar

The EUR/PLN is now trading at 4.3095 (bid), a distance of only 0.31% from my target price at 4.2963.

The total monthly range in this pair has been 861 pips,with a high at 4.3020 and a low at 4.2585. While in pips this seems high, in percentage terms this is only 2 percent.

Price movements have range-bound as well. After we opened the month at 4.3020 first we fell a low of 4.2585, then rallied to a high of 4.3446, before falling back close to the opening price (now at 4.3095).

In short the month has been slow, with prices trading in a range that's inside the bigger range noted above.

fxsurprise8 avatar

Let's do another update and this time we'll add some charts as well. On the picture above we can see an updated version of our chart.

Notice how the monthly range during October fits neatly inside the larger congestion area this year. And that range is inside the 5-year congestion that started back in 2012.

With prices now quoted at 4.3123, only 0.37% away from my target , betting on prices staying range-bound is showing to be a good bet. There's still some time left in the contest and with the momentum during the past 24h tilting toward the downside, a more accurate forecast seems likely.

fxsurprise8 avatar

Time for a final update! According to the charts at 12:00 the pair was trading at 4.3143. This is 0.41% away from my 4.2963 forecast. Likely not good enough for 1st but depending on the accuracy of others, it could lend me a spot near the top.

See the chart above that demonstrates why my forecast worked so well. October is shown by a rectangle. Notice how the 2% range we had this month is within the bounds of the red lines.

The two red lines mark this year's range for EUR/PLN. And this year's range in within the congestion area that started back in 2012. This area is marked with black lines.

oDejar comentarios
Avatar

EUR/AUD

CLOSE TO RESISTANCE AND TREND LINE, POSSIBLE LONG 1.4700-1.4660 (50% FIB). FIRST TP DOUBLE TOP AND SECOND NEAR 1.5150
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

EURCAD Monthly

I am expecting an increase in risk appetite, so safe haven currencies like the USD and JPY should experience some depreciation. In the same vein, I see oil prices picking up and the CAD gaining favorably.
The monthly chart clearly shows a down trend, but we can see three months in the green.
This has been due to the slump in oil prices, and the general depreciation of the CAD. I am expecting a resumption of the trend after the resistance level of 1.4500 was tested.
I am looking at a possible 50%…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

Cable offered

Cable topped out at 1.5930 last week and has been on the way south since the beginning of this week, falling in all three sessions so far. Previous three swings on a daily chart were 600 to 700 pips wide, so if one was to project that into the future, the current swing should extend to ~1.53.
But there's potentially very strong support zone sitting in between: historically proven 1.5450 - 1.5550 band with 50 and 200 DMA (the former is about to cross over the latter - a.k.a. Golden Cross), 50.0% …
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

USD-CHF 0.887 on possible 50% Retracement

1st of july Possible 50% Retracement on the weekly chart patern for the usd-chf pair
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios