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From the four hour chart below, it seems Euro is running south to touch the 1.0820 support area and will bounce back from that zone to taste the resistance at 1.1030. This trade is worth taking!
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AUD/JPY Trade Setup
The Aussie Yen price has been bounced back from Weekly Central Pivot (WPP), with the Stochastic in overbought zone. So we would like to wait for the pull back, specifically we need to see Lower High before entering the Long Trade.
I took a Fibonacci of the current up move. My BUY ZONE is somewhere between Fib38.2% – Fib61.8%. Notice there is Daily Central Pivot (DPP) at 90.22. As usual, we need to confirm the reversal price action before entering the trade. My target will be Fib138.2% – DM4 (91.…
I took a Fibonacci of the current up move. My BUY ZONE is somewhere between Fib38.2% – Fib61.8%. Notice there is Daily Central Pivot (DPP) at 90.22. As usual, we need to confirm the reversal price action before entering the trade. My target will be Fib138.2% – DM4 (91.…
AUD/JPY Trade Analysis
I've just opened a trade on AUD/JPY long. This is a medium term trade setup, where the risk to reward looks promising. I am unable to post charts due to some error by blog.
Looking at the daily chart of AUDJPY, we have confirmed 89.50 level is a rigid support, after observing Double Bottom. I would like to consider Long entry for this pair.
< Imagine here's a 4 hour chart of AUD/JPY >
Aggressive entry will be right after Higher Low. You could wait for Higher-High, followed by Higher-Low, as an e…
Looking at the daily chart of AUDJPY, we have confirmed 89.50 level is a rigid support, after observing Double Bottom. I would like to consider Long entry for this pair.
< Imagine here's a 4 hour chart of AUD/JPY >
Aggressive entry will be right after Higher Low. You could wait for Higher-High, followed by Higher-Low, as an e…
Upside to Kiwi finally looking on charts
NZD/USD is expected to consolidate with bullish bias. It is trading with lower liquidity as the market is waiting for Non-Farm payroll data. It is undermined by positive dollar sentiment, weak commodity prices (CRB spot index closed down 0.42% at 214.25 Monday), and 6.3% drop in New Zealand building consents. But NZD/USD losses are tempered by the kiwi demand on the soft AUD/NZD cross and positive investor risk appetite.
The pair is trading above its pivot point. It is likely to trade in a highe…
The pair is trading above its pivot point. It is likely to trade in a highe…
Long term USD/DKK
The USD/DKK traded at 6.80 DKK on Friday July 24. Now, according to interbank foreign exchange market quotes this exotic pair of Dukascopy JForex platform averaged 6.58 from 1972 until 2015, reaching an all time high of 12.37 in February of 1985 and a record low of 4.66 in April of 2008. I can only see an upside to this, in longer term.
Some setups on major currency pairs for this week
Hello traders, There we can see few setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD :
EUR/USD: Can become bearish against resistance in the 1.1215 area and look for a move below initial downside targets near 1.0915 to open the 1.0815 range lows. Our greater targets are towards the 1.0460 year-to-date lows. USD/JPY: The move above nearby resistance in the 123.75 area encourages our bullish view towards initial targets near 124.40 and then higher towards the 125.85 highs. GBP/USD: Tuesda…
EUR/USD: Can become bearish against resistance in the 1.1215 area and look for a move below initial downside targets near 1.0915 to open the 1.0815 range lows. Our greater targets are towards the 1.0460 year-to-date lows. USD/JPY: The move above nearby resistance in the 123.75 area encourages our bullish view towards initial targets near 124.40 and then higher towards the 125.85 highs. GBP/USD: Tuesda…
Canadian Dollar Momentum Trade
The rate cut was expected by 15 out of 29 fundamental analysts. As the expectation realizes, CAD and NZD makes fresh lows of the season. To trade this news (Momentum Trade), I recommend traders to stay cautious and look for divergence (on Momemtum indicator, 28)
That will enable you to confirm your trades, based on your existing trading setup. I will be trading some exotic pairs in coming time, so keep reading this blog to see the trades and the outcomes.
BTW, Momentum trades are for less than f…
That will enable you to confirm your trades, based on your existing trading setup. I will be trading some exotic pairs in coming time, so keep reading this blog to see the trades and the outcomes.
BTW, Momentum trades are for less than f…
Cable all in momentum
GBP/USD dropped to 1.5329 but recovered strongly since then. Fall from 1.5929 might be finished already. Initial bias is mildly on the upside for retesting 1.5929 high first. The development argues that rebound from 1.4565 might still be in progress. Break of 1.5929 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. On the downside, below 1.5329 will turn focus back to 1.5169 support instead. In the bigger picture, medium term fall from 1.7190 should have completed 1.4565. Focus in on …
Cable Runs
The cable finally runs towards north. Signaling relief in market, this sentiment is expected to continue or not? Still a mystery. My broker knows absolutely with a better probability. Knowledge is power.