NZDUSD is testing its resistance at 0.6620 (38.2% & 23.6% Fibonacci retracement, overlap resistance) where a reversal to its support at 0.6561 (61.8% Fibonacci retracement, horizontal pullback support)could occur. Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop could occur.
Theresa May is expected to give unusual statements in today's session, some suggesting it may be linked to National Security. The immediate reaction was GBP weakness to the news, Manufacturing data countered. Based on the 30min chart GBPUSD has found some support. However, it has attracted some buyers, we suspected stops are being accumulated around the green...
C.T.L broken Rejection from monthly key level 0.6700 Rejection from 78.6% Fib level Target previous swing low
Este par nos dejo al cierre de mercado testeando una resistencia, con una vela hammer bajista y con el rsi exhausto, podemos esperar una buena caida ahi, se puede esperar rompimiento de la linea dinamica de tendencia para entrar si se es mas conservador, sino se puede entrar con un sell stop desde ahi
GBPUSD POSSIBLE DAY TRADE/SWING TRADE LONG BUY LIMIT @ 1.29139 TP @ 1.30940 SL: @ 1.28914
Long AUDJPY @ CMP SL: 79.877 TP: 81.648
Aside the trade tension between the United States and China (reports suggest President Trump may impose new tariffs on China as soon as next week), political tension in Italy contributed to EUR recent weakness. EURUSD hourly signal is fairly straightforward. EURUSD reached its hourly support, failure to post an hourly close may lead to corrective gains in Euro...
Long AUDJPY @ Current Market Price TP @ 81.648 SL @ 80.269
The strong gains that took place in GBP were triggered by remarks from EU Barnier. Barnier stated that the EU is willing to offer the UK a trade deal that has not been offered to any country yet. These comments neutralized Theresa May's comments when asked about brexit, saying that 'it will no be the end of the world' which weakened GBP earlier. In GBPCHF 30min...
EURCHF long limit @ 1.2722 SL @ 1.11860 TP @ 1.15562 SECOND BUY LIMIT @ 1.12475 SL @ 1.11860 TP @ 1.15562
GBPJPY sell short but I believe it's too late already. Enter with caution. I will not enter this one. SL @ 143.936 TP @ 140.402
A bearish Bat completed but price spiked a bit above the reversal zone. I have a pending sell order at 1.7425 with stop loss at 1.7455 (30 Pips) and targeting 1.7335 (60 Pips). I will delete this order if price rallies above 1.7465 before the short trigger.
A bearish butterfly pattern has completed on Eurgbp. This is a 1:3 or more trade opportunity. I have my pending short order at 0.9055, target at 0.9010 (45 Pips) and SL at 0.9070 (15 Pips). Price is likely going to move lower if it goes as expected. I will cancel this order if price gets higher than 0.9070 before trigger.
I did some technical analysis before I was thinking about a short but then I decided to go long because it had decent support there for an extra 30 pips. Now I am looking for 100+ pips on this trade alone.
We see that resistance has not offically broken through yet and I am assuming that EURJPY will be due to a short from forming a double top.
nzdusd is about to go long. It broke the resistance, has retested and will start to rise. i believe price will make it to atleast the previous high before retracing again.
I believe we will be hitting a major resistance point before a massive shortage on the daily. I will be placing a sell short limit right there @ 0.73899 SL: @ 0.74134 TP: @ 0.71921