ChadBilon

ChadBilon

A short term bullish trade has presented itself. Event Risk Thursday, May 12, 2016 07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0% 07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2% 07:30 USD Initial Jobless Claims 270K 274K 10:00 USD FOMC Member Mester Speaks 10:45 USD FOMC Member Rosengren Speaks 12:30 ...

ChadBilon

This looks great! Do you agree. There is nothing mush to say then it might just be the ticket to a profitable day. Risk event: Thursday, May 12, 2016 07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0% 07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2% 07:30 USD Initial Jobless Claims 270K 274K 10:00 USD FOMC Member Mester Speaks ...

ChadBilon

This setup looks attractive nevertheless we must consider recent events such as the rate cut not too long ago, the fall in employment rate, the low inflation and other economic risk. What might give th AUD the power to drive upward in the sort term is the USD perceived weakness and this lovely technical set up. Keep and eye out for the US Retail Sales it could...

ChadBilon

Will the EUR strength continue? I'm not sure if it does, it might be need some positive catalyst to push it above 1.1600 handle. Event Risk Thursday, May 12, 2016 04:00 EUR Industrial Production (MoM) (Mar) 0.1% -0.8% 07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0% 07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2% 07:30 USD Initial...

ChadBilon

And there it goes again. I'm liking the soft dollar however recent events in Canada could also spark weakness in the CAD. I will continue to monitor this pair as it seek to move close to the Fib of the current move to the downside. Event Risk Thursday, May 12, 2016 07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0% 07:30 USD Import Price Index (MoM)...

ChadBilon

The idea that USD has been performing weakly for the past couple of month has tests and completed the head and shoulders pattern and is now retested the neck line. I see potential move to the upside however there are upcoming events that might be of great importance. Thursday, May 12 06:00 GBP BoE Inflation Report 06:00 GBP BoE MPC vote cut (May) ...

ChadBilon

There are some reasons why this set up might look attractive however conformation is necessary. No notable event risk for this pair!

ChadBilon Updated 

When the stars align all one can do is act and let the invisible hand take the wheel. Looking at the Daily time-frame its almost a perfect setup. Validation: 1. Retest former support zone 2. Retrace off MA-50 & Fib zones 3. Stochastic Bearish Cross 4. If RSI Push back below 50-line that would give this set up more validation. Event Risk: 07:30 USD Core...

ChadBilon

This look promising Just hope these upcoming reports don't conflict with the set up. Thursday 28 20:30 AUD PPI (QoQ) (Q1) 0.2% 0.3% 20:30 AUD PPI (YoY) (Q1) 1.9% 20:30 AUD Private Sector Credit (MoM) (Mar) 0.6% 0.6% 22:45 AUD RBA Assist Gov Debelle Speaks The H4 might also be influential but we will see.

ChadBilon Updated 

The EURJPY has made new highs last week. After seen a break of former resistance we are currently in a pivot zone. RSI show the development of continuing upward moves however a pullback is necessary before considering another bullish entry. N.B _ RSI Divergence 1. Pullback Swing in price 2. RSI hold up trend above 50. 3. Stochastic makes bullish cross Daily Analysis

ChadBilon

CAUTION!!! There is so mush going on with the Cable. Neutral to bullish .

ChadBilon Updated 

The EURUSD has reversed out of the key "weekly resistance zone" (blue area). RSI "divergence" developed while in the weekly zone signaling the potential move lower. Currently the price action as broken the previous support (lower low). Price has also broken the trend-line low now looking to retest. Conformation Validity: 1. RSI is below the 50-line (retest) 2. A...

ChadBilon

It is some what of a no-brainier but let me make my case. The USDJPY made a strong move to the upside a Friday off the LiveSquawk Blast (Change To BoJ Lending Facility Could Accompany Any Key Rate Cut). It broke above former 4HRS_(Figure 1. Support-turn-Resistance-now-Support again!!). This spark bullish bias although it might be short lived. Conformation...

ChadBilon Updated 

1. I notice a RSI- divergence 2.head and shoulder develops 3. RSI broke above 50-line 4. Price action retest Resistance turn Support 5. Stochastic made Bullish Cross

ChadBilon

What to expect from NZDUSD? The tone is neutral on the day patiently waiting on a move to either side. My technical bias is to the up side if the certain conditions are met. 1. Price consolidate around the resistance turn support 2. RSI holds above the 50-line 3. Stochastic makes a bullish cross Risk events: Tuesday- 17:45 NZD Trade Balance (YoY) (Mar) ...

ChadBilon

There is so many different analysis one can apply tp the GBPUSD. It just a matter of which one to stick with. Even though they have most things in common (like a potential breakout to the upside) it is key to note the effect they might have on your judgment. I have decided to stick with my good old RSI divergence. Today is not the time to look at trading the...

ChadBilon

The USDCAD has established a strong down trend into a descending channel pattern. Im not a fan of counter tend trades but looking at this setup warrants some interest. A break above 1.2751 creates a slight opportunity for a short term "bullish reversal trade." Conformation: -RSI move above 50-line -Stochastic makes a bullish cross

ChadBilon

1. RSI retest 50-line 2. If stochastic cross that should "signal" a short entry. 3. A break of the trends line indicate a change in bias.