Hi Traders, This is one of the markets that I trade the most. By looking this short term we can see a very good reaction from few minutes ago at 9939 (29/12/14 high). Now I expect him to go to 10080 for a FINAL high (also higher line of pitch-fork). I will short big at that level for a medium term trade. Mixing technical and fundamental (Germany not in a good...
Hi Traders, Looking at the graphs and I found this massive support on EURJPY at 133.80 (horizontal line). Also by adding a trend line it comes very close to this level. Lets see if we can get a reaction for at least the short term. Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
Hi traders, Jus did this slope analysis on GBPAUD and is working perfectly. So I think we can use the White lines (slopes) as resistances and supports. So in another words, sell at resistance and take profit will be the line below. Another thing; we are getting close to the 0.50% fib of the whole move and in the same zone is a reaction zone that we can see from...
Hi Traders, USOil has reached the level that I have been saying for weeks which is 45.00. The reason why I was watching this level is because of a very strong trend line which start in 1998. However, this does not mean I am long or looking to buy, but its an important level to watch very closely! The reason I dont want to be a strong buyer is because of the...
Hi guys, USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets...
bitcoin against the U.S. Dollar have finally reach 257.00 level which has 2 things; O.764 fib which is connected from the record low and record high and also the high which was made on April 2013 (yellow circle). I'm already long as I said on the short term graph and I like this zone because the risk is small and the reward can be massive. My long is open from...
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Dollar index can be forming a head and shoulders formation to a medium-term correction after the greenback upside for weeks without any major correction. Lets see how is reacts in the short-term and especially during and after FOMC news.
Price is currently inside a sideways range, a rectangle. Contained by support and resistance. There are sell stops resting below the support level. Market will most likely take those stops out, gather shorts to take out the shorts with a long at the order block that is resting below. Confluence of levels as there is a daily support @8717 Also fib 79.0 supporting the idea.
Retesa of a broken support turn resistance @1890. Bearish order block clear on H4/H1.
I believe we are up for a sell on cable since price is reaching a current range top. Clear bearish order block around the 1.6160 level. also a clear resistance level form weekly and daily charts. GBPUSD has a bearish outlook since market structure is in line with the 9 & 18 Emas on the daily time frame. Big boys are still short in this pair.
There is a clear bearish order block located around the 107.20 level. Watch closely how agressively price dropped form that particular order acumulation last week. Also, a retest of the 107.00 level was imminent and issued further weakness. USDJPY has turned bearish since the 9 & 18 EMAS crossed over on the daily time frame. Also, a retracement to the 79%...
Gold is trying to get back up, but first it will go around yellow line before it goes up. It's gonna be interesting that we have open mind because it might go down for the first hours till market is opened tomorrow morning.
I'm a TA noob so don't post any mean comments, but I just spotted a rectangle on the USD/JPY 2hour chart, so will we go up or down? ;)
USD/CAD - 15 mins - apporx 30 pips - R/W 1:3