Keep an eye on this correlation setup over the coming days and weeks. The correlation is falling apart between AUDCAD & NZDCAD as you can see in the box on the right. You will notice the left box, when the spread got to approximately 400 Pips the correlation began to return, handing those in the trade a great return.
The spread is currently approximately 200...
Our Institutional Levels picked out this 0.72230 level well in advance. How did we know this was going to be a good short opportunity? Get more info at goo.gl
A nice correlation trade is setting up tonight between EURJPY & CHFJPY. The past week has created the largest uncorrelation between these two pairs over the past couple of months.
Please be sure to use proper money management when trading correlation.
The level you'd want to take a close look at is the 49.50 mark, short if you see a bearish signal.
If Price goes UP and breaks through the +/- 51.00 mark (key resistance), then the +/- 60 level should be next.
If price goes DOWN and breaks through the +/- 45.40 (key support), then it could go down to the 43's.
Reasons for short:
- RSI overbought.
- Latest high...
I have a solution. Use the moving average 50 period low.
Check the 4h chart on US30.
Insert a 50 period moving average low.
Insert support and resistance lines.
You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong...
GBPUSD Sell Setup
Pair is about to complete a triple cycle up. We can look for short setups near the 1.45 zone with bearish divergence on top.
Great risk:reward ratio here!
Protect last high created.
Target 1: 1.4370
target 2: 1.4280
A nice correlation trade between GBPJPY and USDJPY is forming. The two pairs are currently trading with a spread of 550 Pips, the widest spread since the end of January. Our algorithm is giving a 79% chance of GBPJPY coming in and a 74% chance of USDJPY rising. With that said we will be going Short GBPJPY at market and Long USDJPY at market. NO STOP will be...
This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room...
Saw a spike to 111.04 low ahead of rebound to regain 112.00 level. The long lower wick suggest recent decline is stalling and a correction to retrace the recent sharp selloff from the 114.87 high now in focus. Lift over 112.310 will see stronger recovery to 112.80 then 113.38 to 113.60 area.
Here at Unique Forex we combine our team's 40+ years of trading...
The ratio of long to short positions in the USDJPY stands at 2.22 as 69% of traders are long according to a survey of retail traders at several brokers. Yesterday the ratio was 2.21; 69% of open positions were long. Long positions are 4.3% higher than yesterday and 5.8% above levels seen last week.
We use these statistics as a contrarian indicator to price...
Declining below 1.1000.
• EUR/USD has broken hourly support at 1.1070
(04/02/2016 low) and is now holding below it. The
short-term technical structure still suggests a
further bearish move. Hourly resistance lies at
1.1139 (19/02/2016 high). Expected to decline.
• In the longer term, the technical structure
favors a bearish bias as long as resistance
holds. Key...
Look for a short trade setup in EURCAD over the next two days, preferably on Feb 22nd around 13:00 GMT or Feb 23rd around 17:00 GMT. Price should stall out around the 50% Fibonacci retracement which coincides with the 3rd square root from the most recent low of 1.51402 set on Feb 18th. Should EURCAD run up to these levels it could stall out presenting a nice...
Monitoring support at 1.1070.
• EUR/USD keeps on pushing lower. The short-term
technical structure suggests a further
bearish move. Hourly support at 1.1070
(04/02/2016 low) has been monitored. Hourly
resistance lies at 1.1260 (10/02/2016 high).
• In the longer term, the technical structure
favors a bearish bias as long as resistance
holds. Key resistance is...
Strong volatility.
• USD/CAD has been very volatile over the past
few days. A bearish bias is still favored. Current
price action is following old downtrend. Hourly
support is located at 1.36392 (04/02/2016 low) and
hourly resistance can be found at 1.3911
(16/02/2016 high). Expected to see further
rebound.
• In the longer term, the break of the key
resistance...
We have entered a correlation trade between AUDUSD and NZDUSD this evening. The weaker than expected inflation numbers in New Zealand is causing the Kiwi to selloff while the Aussie hangs strong against the US Dollar.
This news has given us an opportunity to go Long NZDUSD while Shorting AUDUSD. The current spread is approximately 120 Pips on the hourly chart. ...
Ready to monitor resistance at 1.1387.
• EUR/USD keeps on pushing higher. Hourly
resistance lies at 1.1387 (20/11/2015 high). Hourly
support may be found at 1.0711 (05/01/2016
low). Yet, expected to show further increase.
• In the longer term, the technical structure
favors a bearish bias as long as resistance
holds. Key resistance is located region at...
Sell close to the down trend line or alternatively sell with the break of the up trend lines, either the most recent one or the longer term one.
Target 1: 0.7500
Target 2: 0.7450
Stop Loss: Above 0.7720
Spike or false break above the last high together with divergence and we have a sell signal.
For a more conservative entry wait for the trend line break
Target 1: $1100
Target 2: $1090
Stop Loss: Above $1135
