Minor resistance at 50 day moving average. Might see some open short interest pushing prices down back to 1860 or so given that current market conditions are ideal for volatility. If we are lucky, should be able to see an inverse H&S that should push price upwards over the 200 MA in the coming months once the market realize the over-reaction to economic activities...
I'll enter long positions in this pair if we break resistance and reach the price I signal on chart: 0.71645 Once triggered, it'd be probable to rally to one of the 3 targets on chart, and potentially more. For the time being, the cap resides at 0.72148, so after reaching that level it might be wise to monitor price action closely. The odds are pretty good for...
Hi, I'd like to repost a private idea I had (I did post it in related ideas in my last retracement long idea for copper -which actually worked for the 1st entry before a massive turn south-). We have a clear short opportunity as outlined by my friend Tom Killick (he does great coverage of copper and USDCLP, check in related ideas). If we're offered with a...
The Euro has got a huge increase lately of euro longs based on the COT report and that technical break via EURUSD is apparent. Also, the retail crowd is strongly short, which helps piece things together even more. From a technical perspective I really like playing the Euro against the NZD because we are in a huge bull flag pattern that points to the next major...
China is celebrating next week new year. Let's see what's hidden in the fortune-box. Welcome the Year of the MONKEY!
CADJPY has been setting up to become a great selling opportunity on a macro-standpoint for the following reasons: I was looking for a drop well-before today's action: twitter.com twitter.com twitter.com twitter.com Fundamentals in a nutshell: CAD is highly correlated with WTI crudeoil, both on a fundamental and technical level. There still is no tangible...
In the current enviroment, it's nice to add a 'long Canada/short Asia' trade, and this is what this setup is. Currently the trend is up in the weekly but there seems to be a chance for a sharp decline in the daily chart. Risk to reward makes for a great trade if it works, so it's worth it to risk at least 1/2 position on it. Props to @Synapse here for mentioning...
It looks to me that we may have reached a major bottom for AUDNZD based on the historical cycles displayed in the chart to the right. Fundamentally this could make a lot of sense (research that if it's of interest), so I like this trade a lot. The breakout on the daily could be the major move for lift off. I am looking to go long on any retracement of AUDNZD as...
According to the Chinese horoscope - we have a year of the goat. Goat brings gains on stock markets and peace in the world. Hmmm - if you know the goats - you know very well that it are stubborn and mischievous beasts.
The proposed changes to be made by Mike Hearn, that of a block size increase would hurt the operation of Chinese miners and investors as their firewall would slow mining and limit capacity . As Hearn has quit the dev team thats left is more likely to respect the wishes of the China markets and miners. As such it could be expected that this so called breakdown of...
The 7 week uptrend present in the index has failed. Now we expect price to drop back to 3339.463 in the coming 7 weeks or earlier. Minimum target would be 3542.160. If it were to drop below 3339.463, it might reach my 8 week downtrend signal's target below, but for now it's early to say. Price sits right under the 52 week moving average and has clearly found...
I called the 1/7 breakout up to 465, exactly! Unfortunately, it came much quicker than expected and I didn't get a chance to take profits. So I'm still 100% long. We've seen some colidation back down to the 440 level. Overnight and into today, we saw a sustained breach of the bearish trendline from the 465 high. This looks bullish to me and with my expectation for...
The Cable was killed last week as markets rattled on China fears and US Non Farm Payrolls trumped expectations. Pair finished the week below a descending triangle bottom marked by the 2015 lows and looks set to continue lower over the coming weeks. Initial target is the 1.236 extension of April - June 2015 around 1.4240, this extension coincides with the 2011 lows...
As the worlds eyes of fear still focused on China slow down - Gold could have lots of volatile and sharp spikes as it suppose to be safe place for the money as stock markets experience sharp sell offs. But slowing production growth mainly in China reduces demand what can influence further Gold price dip. The market reached price level of 1921.24 in 2011-09-01 and...
I have been watching this pair for the last few weeks. It is closely related to China, with all it's current problems, as many Chinese companies are represented on the Japanese Index (I'm led to believe). It's been uncannily bouncing off fib lines all the way down, both the Fib drawn on a larger scale, the rise from October to December, and also smaller partitions...
It would seem as if the Shanghai Composite Class A index has topped for some time now, as it completed an explosive wave 3 advance, culminating in an ending diagonal triangle. The correction that is unfolding is a very sharp zigzag, and it should reach the area of support below, where both monthly, quarterly and yearly range expansion bar support meet. This area...
After the crash of the chinese stock market (which happened twice!), a BUY oppourtunity up seems like a very strong opportunity that exist. Currently USDCNH is in a pendent formation. My bet is that it will go I've personally never traded this pair before, however it is a rare opportunity and possible capitalization exists.