Based on my naked analysis, I started on the monthly and noticed that my blue EMA was still above my red MA. To me that indicates that the trend for this market is still bullish. Last week this pair ended off in a bearish trend on my lower time frame chart (1hr) which you can see on the chart after 4 levels of drop. The pair now looks like it is forming an...
This is a long term trade, and I'm expecting it to look a little something like this. Take a buy at the very bottom of the channel possibly hitting tomorrow during news event, I expect it will test that area one more time, and I will ride the wave of pips all the way to the top of the Channel. Long term trade possibly multiple days and multiple weeks. Please...
My analysis is on the chart. I publish my charts to see how well I am doing, I am no guru. Trading what I see So Sell limit at 1.29515 where I will hold until price reaches a price I have not determined yet :) possibly 1.23905 which I have marked as a wkly key level After the break below I will sell at the top of the pullbacks. Remember the object is to grow...
see chart for details, i'm just looking at this. not a signal. do your own research :) let me know if you think this is reasonable though from a fundamental point of view to support this technical view point. Maybe the upcoming FOMC meeting will help?
Looking at the 4h chart there is a potential setup forming to go long on UC. There is a chance it may meet resistance at the first green arrow so i will watch price action here but could travel to the second at 1.3400. Will take this trade depending on the bullish formation of the next 4h candle. If its bearish i will eat an easter egg instead to console myself.
Watch the notes. We'll get another big short falldown. Best of trading and if there are any questions I'd like to answer them!
UC GOING DOWN Forex market is obviously lacking direction while it waits for the U.S data points. Investors / traders are pinning some of their hopes on FOMC’s minutes from the Federal Open Market Committee (FOMC) . With enormous tension diminishing in the wake of China’s decision last week to devalue its currency, the market is shifting her focus to U.S...
This setup base on the related idea as link in the related section. This number come from Minor support/resistance. as show in the chart (yellow line). As well as, the monthly trend still very strong and it expecting to be break in and keeping up in this following week. This number come from the range created by the NFP last week. as point by RED box...
This setup come from the following indicators. 1. "Purple descending line" resistance form last decade. could create some resistance when this pairs move up. 2. Support and Resistance lines for a very long expectation of down trend as seen by many arrow along the chart. Setup configuration :: (Please check related idea for more over views.) (As point by Purple...
Since, the USD continues it strength it bring the rest of others currency along with it. as well as CAD. By the combination of weakness from many pairs at once the movement force of UCAD to ward upside is strong. The potential target and identifiable resistance is indicated by arrow along its way.