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AUDUSD | 01042017

Hello my dear fellow community members,
This is a new month and I present to you a setup in AUDSD where you can easily see a setup emerging. There is a confluence of support near .7600 levels. If the pair takes support here then the upside target is the resistance zone in .7730 area.
AUDUSD DAILY CHART A daily candle closing below the rising trendline shown in red colour will open the downside targets near March lows followed by December's lows. Any comments about the setup are welcome.
Happy tr…
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AUDUSD REACHING RESISTANCE | 16032017

Hello my dear fellow community members,
The AUDUSD reacted to the Yellen's speech in a positive way and has reached near the confluence of the resistances. The idea is to wait for the bearish price action and sell the pair with the stop loss above the falling trendline. Here is the chart showing the setup.
AUDUSD DAILY CHART

Happy trading.
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Gonchar 22 Mar

круто

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25 JAN 17 | NZDUSD TRADE SETUP

Hello fellow traders and community members,
There is a high probability for the NZDUSD to find resistance near .7300 area as this is the confluence of the two trendlines.
NZDUSD DAILY CHART

The idea is to wait for the price action on the daily chart and see a bearish engulfing or the bearish pinbar to place the trade.
Happy trading to all.
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18 JAN 2017 | NZDUSD SELL SETUP FORMING

Hello fellow community members,
Today we have pulled NZDUSD chart with the daily time frame. The pair looks like approaching the confluence of the well-established resistance lines. Here we may see sellers jumping in to push the pair back to the lows at .6840 levels.
NZDUSD DAILY CHART
As the stochastics is already overbought and RSI is also almost overbought, So the behavior of the pair near confluence will decide if We will enter the shorts or not.
Any comments about the setup are welcome.
Ha…
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4 DEC 16 | GBPUSD | CONFLUENCE OF RESISTANCE

Hello fellow traders,
GBPUSD after a big fall after BREXIT took support near 1.2797 levels and broke below this support on 02 OCT 16 and took support at 1.1919. From here the price is making higher highs and higher lows and a good rising trend line is made as shown in figure below.
The support at 1.2797 may act as resistance for the price as it confluences with the falling trend line from the high of 1 Nov 2015.
I expect the pair find a huge supply near 1.2800 levels which may push the price low…
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galjasen avatar

I am here new ) and I like your articles!

TInna avatar
TInna 9 Dic

good work!!!

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3 DEC 16 | AUDNZD | A GOOD BUYING OPPORTUNITY

Hello fellow traders,
The rising trend line is giving good support to the pair in question as shown in daily chart. The pair may shoot up from here to the confluence of resistance near 1.07500 levels marked with ellipse. The scenario of rising is possible as the oil prices rising and there may be fresh sells waiting near the confluence of resistance at 1.07500 that may take the pair to new lows as shown by grey line projected downward. One may buy the pair at current price with stop loss below 1…
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TInna avatar
TInna 9 Dic

good!

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Kiwi bounces off of a strong support near 0.70

Kiwi dollar took advantage of yesterday's U.S. dollar weakness and bounced smartly after it broke below a confluence of October low, 2015 - 2016 trendline, 200 DMA and 0.70 level. The currency is a top G10 high-yielder and should stay in favour even as U.S. dollar yields gradually rise.
The current pullback may find some resistance at the late October lows (0.71) and then near 50 and 100 DMA (0.72). Area between 0.70 and 0.6880 (00's, 38.2% retracement, 50 WMA, 100 WMA, H2 2015 highs) will come …
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19 NOV 16 USDJPY SELL SETUP

Hello fellow traders,
Today I have spotted a probable sell setup forming in USDJPY at the confluence of the 61.8% retracement of the fall from the high of 17 Nov 15 and low of 24 Jun 16 and the horizontal support at 114.30 levels which is likely to turn into good resistance level. So here we may see some price action and a sell set up may form. But i will look for a very strong bearish engulfing or the pinbar candle to enter a trade as the ongoing momentum on the upside is huge.
As of now there …
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Kiwi to continue trending up

Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
Kiwi bottomed in August 2015 and has since been contained in a rising wedge. It has held above 50 week SMA and recently also above 100 week SMA whil…
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al_dcdemo avatar

UPDATE 5: The RBNZ cut the official cash rate to a record low of 1.75% from 2.00% yesterday. Governor Wheeler said that it was likely the last rate cut in this cycle but that they stand ready to intervene in the currency market at any time. Kiwi was initially bought but reversed soon thereafter on intervention talk, aligning with the current U.S. dollar trade. The pair broke below 50 and 100 DMA today and is currently recovering from a sub 0.72 dip. Sellers may be waiting closer to 0.7250.

al_dcdemo avatar

UPDATE 6: In the second week after the U.S. election, the U.S. dollar rose against all G10 major currencies bar the Canadian dollar, which tends to perform well on the crosses in the strong U.S. dollar environment. The yen was the weakest of the bunch with the antipodean dollars not very far behind. U.S. dollar index blasted through 100 and closed the week on thirteen-year highs. If current market assumptions (big fiscal stimulus, further tightening by the Fed) prove to be correct, this could well have been the start of the second leg of the multi-year U.S. dollar move.

al_dcdemo avatar

UPDATE 7: New Zealand dollar was the least volatile currency during the U.S. election day. Part of it was likely due to the fact that the RBNZ held a meeting on the next day. Widely expected rate cut didn't exactly matter as the currency joined others in a sell-off. The pair has so far lost about 400 pips and closed lower in eight consecutive days. It closed last week below the 2015 - 2016 trendline and 200 DMA, which may now act as a resistance. Area between 0.6880 and 0.70 (00's, 38.2% retracement, 50 WMA, 100 WMA) should see some demand.

al_dcdemo avatar

UPDATE 8: Kiwi dollar took advantage of yesterday's U.S. dollar weakness and bounced smartly after it broke below a confluence of October low, 2015 - 2016 trendline, 200 DMA and 0.70 level. The currency is a top G10 high-yielder and should stay in favour even as U.S. dollar yields gradually rise. The current pullback may find some resistance at the late October lows (0.71) and then near 50 and 100 DMA (0.72). Area between 0.70 and 0.6880 (00's, 38.2% retracement, 50 WMA, 100 WMA, H2 2015 highs) will come into focus, should the downtrend reassert itself.

al_dcdemo avatar

UPDATE 9: U.S. dollar appreciated against most of the G8 major currencies in the three weeks after the U.S. election. An exception is the pound which has been completely disconnected from the U.S. dollar trade and remained range-bound. Australian and New Zealand dollars, supported by yield advantage and the former also by rising copper prices, started their corrections a bit earlier. Low-yielders, the euro, the franc and the yen, recouped some of the losses on Friday and earlier today, but the U.S. dollar bulls were quick to buy into the dips. Price action suggests a risk-on week ahead.

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USDCHF 17 OCT 16

Hello to all fellow community members.
Today I was able to spot a nice setup with high probability of success in USDCHF. Here we can see in the chart attached that there is a confluence of falling trend line and a previous resistance. I am expecting the price to get rejected near .99500 levels.
The idea is to sell the pair near .99500 with stop loss above .99800 and target of .97000. Thus keeping the risk to 30 pips and reward of 250 pips making risk to reward ratio of 1:8.33 which is quite good…
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