This looks good for Eur, and is a bullish sign to me Retracement from recent highs has seemed to have been halted around this level No deep retracement in the pair is a bullish sign and I will be looking to go long Eur next week good weekend all!
My Eurnzd and EurAud longs are starting to go up I have been long Eur since the beginning of the contest I started off with EurUsd and EurChf longs and switched to EurAud and Eurnzd longs My long positions are doing good now and I am ready to add EurUsd and EurChf longs again My strategy is based on EurUsd being at monthly support
Australian dollar and Nzd dollar looking strong today I have been looking at the chartsof nzd and Aud The currencies seem to be stronger, and bullish My NzdChf position is moving up now, too - I am up to 40K again Experience learns that especially Nzd will not stop if it is really on the move I therefore expect more, and stronger moves up
NzdCad has been stuck below resistance for a while now On the weekly chart we see the highs in the pair that define the resistance line: The rising trendline below is pushing the pair up towards the highs again This is a rising wedge pattern- and is designed for a upward breakout to follow It is therefore only a question of time before the highs are negociated On the daily chart we see more evidence of bullish movement: The rising daily trendline is much steeper and shows strong bullish moves A …
UsdJpy has reached the lows for now and will turn up On the weekly chart we can see that UsdJpy is holding above 61.8% fibonacci retracement of last move up this should be a strong level and I think it will hold It is clear now on the daily chart that the previous lows have been rejected We see large volume on the initial lows and less volume on another push down towards these lows This indicates that the market is exhausted bearish , a…
Aud/Usd has rejected the lows of 0.70 a couple of times now Data releases out of Australia point to a recovering economy, so the pair should go up (what can't go down must go up) We see a break of a downward trendline on the weekly chart: https://www.tradingview.com/x/7bJ1eFfa/ The trendline has now acted as support after the upward break, and should the pair bullish again On the daily chart we can see some kind of closing wedge pattern forming above weekly trendline …
I have found a nice trade that I have executed today on Cad/Chf I found a good trade to take when I was looking through the charts Cad/Chf has a excellent buy setup, and looks like a trade to take I am in 4.2 mil. long, and I will tell you why: on the daily chart a wedge pattern has been broken to the upside while daily trendline acts as a support below it - SL is below that trendline, which is only about 30 pips Also we see a bullish divergence in the Stochastic indicator, which is a indicator …
Eur/Usd is turning bullish on the charts After the last sharp move up on the weekly chart, the pair looks to have turned from bearish to bullish now Usually, before a major reversal like this is confirmed we will see a deep retracement before the next leg up Let me first explain my next target for Eur/Usd with my weekly chart: From the weekly move down at 1.40 the pair has yet to retrace to 38.2% fibonacci level Stoch indicator shows a strongly moving bullish upturn that will grow First 23.6% f…
The Canadian consumer price index - or CPI - figures are coming up I decided to trade the last major piece of economic data coming out this week I noticed in the market that traders are already buying Eur/Cad and Gbp/Cad before the release as if they know what is going to happen?? I decided to go short both these pairs as they are higher now and near resistance levels The Canadian spending figures should be good, as Eur and US figures where good too, and there are no indications of a downfall th…
This is one of the easiest technical analysis' that I have had in a long while Just look at the charts below and you will see what I mean With the Fed almost certain to Taper next week and the BOJ almost certain to need more easing next year, the path up is still solid for this pair as a stronger Usd/Jpy will push the crosses up too Technically, there is almost solely the obvious to see, let us start with the daily chart: Look at that: A bullish channel right out of the tekstbook, supported by …