EUR/GBP has been quite volatile recently which was caused by both the Pound and Euro dollar. There's no obvious trend over the long term horizon but based on the shorter time frame, we do have bullish momentum going on in this market as we can see through the up sloping trend line and Tenken-sen continuing to stay above the Kijun-sen. The current support level is...
On the daily the pair started to consolidate towards the end of the week after coming into contact with the 200EMA. Volatility dropped off drastically towards the end of the week but with important prints coming out of both the UK and US early next week and the BOE minutes Tuesday morning volatility will be returning to the pair, sparking the continuation of the...
Enhanced CCI V2 By Request Added 0 Line, + - 200 lines Added a line that hi-lights the outside of the CCI Updated 8/12/2014 by request for christian.david.75457 Added Ability To Plot 2nd CCI - !!! Added ability to turn On/Off the +-200 lines. Added Ability to Turn On/Off Show Area of CCI Added Ability To Turn On/Off Show The Outer CCI Line
USD/JPY has been in a range since the start of the year (2014) which has admittedly been getting tighter in recent months. The target profits coincide with key fib retracements. I am looking to keep this trade open for a good couple of months so People may consider this risky at the moment with the news surrounding Portugals banks which will drive demand for the...
The 100MA has provided a strong support and resistance line since the beginning of the year. coinciding with the 0.764 fib line and move upwards on the CCI, I am favouring a long position with $102 my target which is in line with the .382 retracement
With the $105 resistance line tested again towards the end of the week I feel that everything is pointing to a downwards reversal (confirmed by a downwards break on the CCI). Despite the reassuring economic prints out of america in the past few weeks driving up demand, the US Energy Information announced last week that crude oil inventories had risen by 10.1...