jakobnのブログ

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Important 7 year trend line for USD/CAD

I think that at the beginning of November the USD/CAD pair will be mostly bullish. In the USD Index weekly chart below, we can see an obvious trend and a few hammer candlesticks, so I expect this pair to go up at first.
I have another chart that I think is important for this month. We don't often use monthly charts, but in this case it can be very useful. We see the trend line that lasted 7 years, at first as a support and now as resistance. Even though that I expect US dollar to be strong, I t…
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jakobn 2014年11月04日

This week the price hit a trend line area. I am expecting a pullback next week and a possible shooting star candle.

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jakobn 2014年11月13日

One shooting star from previous week and one forming this week. I expect the price to go lower than 1.1255, but there's plenty of support so my prediction stays the same.

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jakobn 2014年11月21日

Resistance area holds as expected. The price is likely to go lower, but we can't forget the fact that the US dollar is still a buying currency.

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EUR/USD Technical forecast

I think that the EUR/USD pair is going to fall even more that it has (long term). On weekly charts we can see that the area around 1.2800 offers some kind of support and I am sure that the market will pull back a little bit. Also +DI is very low and Bolinger Bands (50,2) are tight so eventually buyers will push the market up a few pips.
I see the space between Bolinger Bands as potential area of price in the future. And as you can see on monthly chart, lower band is near 6 year resistance. At th…
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jakobn 2014年10月17日

The pullback didn't happen as I expected and the support area on weekly charts was not strong enough. However this week the price rose a bit and I expect eur/usd pair to be around 1.297 as I have chosen earlier.

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