Activity

  
Avatar

AUDCAD rejected from trend line

This pair got rejected at big multi year trend line. The monthly chart below shows us creation of bearish shooting star candle.
On the weekly chart below, we can expect the retrace to 61.8% around 0.9630. The pair is currently re-testing broken trend line.
I can see pullback in September as a result of the bearish monthly candle and close between 0.9700 and 0.9750.
Read full story
Translate to English Show original
Avatar

AUDCHF rejected at big resistance level

The pair failed for the third time at 0.7554 level. You can see on a monthly chart how big of a resistance this area is. Below, the price is being supported with raising trend line.
On a weekly chart, the price has fell below 100 WMA and it is currently testing in the form of resistance. The trend line is supporting the price, however there is a fair chance of the breakdown below the trend line support.
I expect this pair to trade lower in the coming weeks due to the another failure to break abo…
Read full story
Translate to English Show original
Avatar

AUDNZD keeps grinding lower

This pair keeps creating lower monthly candles as it can be seen on the chart below. The key for the bears is if the price closes below 1.0490. That would signal major bearish sign and we could expect more downside in September/
The weekly chart below offers similar picture. The pair currently wedging but the bigger pressure lies to the downside.
Watch for the break below supporting trend line and re-test of the 1.0020.
Read full story
Translate to English Show original
Avatar

AUDSGD still trading sideways

AUDSGD has managed to stay above the 78.6% support of the multi year Fibonacci retracement. The monthly chart below shows that the pair is still consolidating around 78.6%.
The weekly chart offers us clear horizontal battle lines, which can be used for trading against them. The lines are well respected and we can expect a reverse soon as the pair is approaching 1.0350, which also presents 100 WMA.
I expect a rejection around 1.0350 and return near the lows in this pair. The alternative scenario…
Read full story
Translate to English Show original
Avatar

CADCHF still in the box

CADCHF is still trapped in the box between 0.6900 and 0.7800. On the monthly chart below, the pair has pushed higher in August and will look to add to that in September.
If you look below on a shorter time frame (daily), the pair is in a descending wedge and looks like it wants to break higher.
Again, all CAD pairs are dependent on the oil prices. I can see rebound of the crude oil prices to 50$, hence this pair may follow up higher.
Read full story
Translate to English Show original
Avatar

CHFJPY fighing key Fibbo level

If you look on the monthly chart below, this pair is trading near the 61.8% Fibonacci level, and if breaks in sustainable fashion then we can expect more downside to follow. In addition, it is trading in between 100 and 55 monthly MAs.
The weekly chart gives us better look in how bearish this pair looks. Its in a continuous downtrend since 2015 and it doesnt look like it is going to stop. Furthermore, its below all three weekly MAs and with no sign of reversal.
We may see a little bounce in this…
Read full story
Translate to English Show original
Avatar

CHFSGD breaks trend line

On a monthly chart below, CHFSGD is still sitting on a trend line and 100 MMA. Additional support is provided by 55 MMA.
A weekly chart offers us another view, more short term. The pair has broken multi-year bearish trend line and right now is re-testing in the form of support. Additional support is in the 200 WMA after getting rejected from both 55 and 100 WMA.
This pair may trade more in a range around trend line but I like the upside in this pair. Weekly chart says we may keep trading between…
Read full story
Translate to English Show original
Avatar

NZDCAD poised to break multi year trend line

The amount of stops accumulated above multi year trend line must be very attractive for investors in NZDCAD, as per below monthly chart. The price has rallied sharply for the fourth consecutive month and look to break 0.9570 finally.
The weekly chart below shows supporting trend line which pushes the prices up. If we get a break of 0.9570, then look for the 0.9660 soon. After that, we are at all time highs in this pair.
Almost certainly we will get push above 0.9570 in the coming weeks. This mov…
Read full story
Translate to English Show original
Avatar

NZDCHF faces key resistance

This pair is facing major resistance between 0.71 and 0.72. On a monthly chart, its a big confluence of 61.8% Fibbo, horizontal resistance (former support) and both 100 and 55 MMA.
At a weekly chart, the pair is facing additional resistance in the form of 200 WMA and diagonal trend line that kept the price below a coupe of weeks ago.
The price may range a bit between 100WMA and 200 WMA around 61.8%. Don't expect big break of this key resistance area.
Read full story
Translate to English Show original
Avatar

SGDJPY still above the water

SGDJPY still keeps its head above the water. The pair is at important 50% Fibonacci support on a monthly chart and currently its above that level. If broken, watch the 100 MMA as next support.
Weekly chart shows that the price is still below long term falling trend line which rejected the price four times. We may see another test soon and maybe a break. If that happens, we may get a test of 79.00 horizontal resistance.
As with all JPY pairs, a lot depends on the risk appetite and BoJ. If it appr…
Read full story
Translate to English Show original