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Important week ahead for EURUSD

Important week ahead for EURUSD : In USD ( ISM, NFP and Unemployment ) while in EUR ( CPI and bank rate decision) will be driving forces behind EURUSD move.
I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term move.
Correction might be driven by expectation of FED not rising rated in September but rather December

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Analysing USDJPY on the weekly and daily and 4H timefrimes

Weekly view: What a week the USD/JPY pair has had! This has to be one of the most vicious buying tails (pin-bar candles) we’ve seen in a long time! Although price was actually stretched close to 600 pips during last week’s trade, the market closed a mere thirty or so pips below the prior week’s close (122.01) at 121.68 within a weekly swap (support) barrier at 122.01-121.40.
Daily view: From the pits of the daily scale, we can see that the 600-pip sell-off spike seen on the weekly scale took p
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GBPUSD at an interesting level !

GBPUSD is at an interesting level as we’re currently at the top end of what to me is a major level of support. If you look at the ebbs and flows on the daily chart (above) you’ll see that we’re approaching the previous outside return (retracement) and a violation of this level would cause a rotation in trend. For that reason I expect the bulls to be on the defensive fighting hard not to give up that area.
Technically this is an at market buy right now as we’ve double bottomed at the zone, due t…
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USDCHF is nibbling at the underside of a resistance levels

There really is only one word we have for the USDCHF pair , and that is, ‘overbought’. Check out how price is nibbling at the underside of both a weekly swap (resistance) level at 0.9796, and also a daily supply area at 0.9861-0.9775, which, as you can see, also boasts trendline confluence extended from the high 1.0239. It does not end there! 4hr timeframe action also shows price clinging to the upper limits of a 4hr ascending channel taken from the low 0.9155 and high 0.9414. All of this co
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The Federal Reserve is stuck within a liquidity trap.

Following the FOMC minutes on Wednesday, gold has seen a massive two day move that brought the precious metal to five-week highs. Worries mount as market participants are beginning to realize that the Federal Reserve is stuck within a liquidity trap.
The minutes statement indicated that the Fed saw risks to near-term inflation (as the five-year breakeven rate hit five-year lows) and growth. The once “sure bet” on a September rate hike quickly dwindled, and the possibility of another round of qu
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XAGUSD head and shoulders pattern forming.

My bias is long with silver.
Here we can see a nice opportunity to join the rally.
A textbook inverse head and shoulders pattern forming.
Conservative entries above the neckline.
Details on chart.

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AUDCAD weekly chart remains bearish.

Weekly chart remains BEARISH. Rally to 1.0783 ended wave ((w)) FLAT. A multi-month wave ((x)) pullback is now in progress to correct the rally from (b) low at 0.765 - ((w)) high at 1.0783 towards an ideal target of 0.833 - 0.8716.
Wave ((x)) pullback is unfolding in the form of a double corrective structure (w)-(x)-(y) where wave (w) ended at .9175, wave (x) ended at 1.035, and wave (y) is currently in progress towards 0.9096 - 0.933 to complete red wave w.. Once red wave w is complete, the pai…
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NZDUSD in a precarious place.

The U.S. Dollar index (DXY) is in a precarious place ahead of the highly anticipated non-farms payroll print tomorrow.
Technically, the DXY is budding up against descending trend resistance created when the greenback was able to carve out a multi-year high of 100.39 in March. After a series of lower-lows and lower-highs, traders have been able to create a slight comeback on the ongoing rhetoric of a few Fed presidents.
Supportive comments from Dennis Lockhart (Fed-Atlanta) and James Bullard (F
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