Shuael's Blog

Avatar

USD/CHF range trading

Overview:

USD/CHF is in an overall ranging market between two levels: 1.000 and 0.9835
Starting for June of this year.
My long term expectation is still a dowtrend.
The price was rejected from level 1.000 several times, for this reason in the next few months i expect a downtred to meet 0.944 support level.

Weekly chart:

On the weekly chart you can clearly see the resistennce level around 1.00 aand the ranging market conditions.

Daily chart:
On the daily chart the possible scenario is describe…
Lee el artículo completo
Traducir a inglés Mostrar original
Shuael avatar
Shuael 27 Sep

The price was rejected from the support lvl around  0.9947 , moving strongly up today
Let's see if in three days it can move back again to meet my expectation

Shuael avatar
Shuael 30 Sep

The price moved up all this week, anyway it's very near the price i predited. Let's see what will happen Monday

oDejar comentarios
Avatar

GBP/USD downtrend

Overview:
From April of this year GBP/USD is in a strong downtrend.
A near support level is near ( around 1.200) a round number.
My expectation is for the price to move further down to meet this support.
Weekly chart:
On the weekly chart you can clearly see this medium/short term downtrend developing.
As you can see the price was rejected several times from 1.200 level.
This should be our target.
Daily chart:
On the daily chart the possible scenario is described.
Support/Resistence levels; 1…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

USD/JPY moving down

Overview:
USD/JPY is in an overall uptrend ( in the short period) during this month the pair dropped around 250 points.
The expectation is for the price to move down till a support level.
Weekly chart:
Weekly chart shows a long term tunnel in which the price ranges from 114 to 104.
A breakout to the upside is certainly possible.
Daily chart:
On the daily chart the possible scenario is described.
I think the price will move down to the nearest strong support level.
But i do not excl…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

EUR/USD strong down movement

Overview:
From feb of 2018 Eur/usd is moving down strongly.
Around 1.142 the price was rejected for a brief correction .
Down trend continued after reaching the resistence level at 1.17
The expectetion is for the price to continue to move downside.
Weekly chart:
On the weekly chart you can clearly see the direction of the price.
Even if we are in the proximity of a strong support level ( around 1.41)
I still expect the price to drop.
To atleast 61.8% of the main swing.
Daily cha
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios