13.46895 is a key resistance level that will be respected, and with the 2 added trendlines ( purple arrows are where price has previously touched and respected these lines ) we can see no other direction other than down with this pairing, so we are in a sell position at the moment but we have a tight SL just above our resistance level just incase resistance is...
1.14106 area has been used as resistance ( purple arrows ) and more recently as support ( blue arrows ) which price is currently at, mix this with the trendline ( blue line ) that price has been respecting, we can see a descending triangle forming, This is price been squeezed and when this happens we normally see an explosive move to the upside.
So either today...
0.99058 is a key level of support, you can se where price hit this support level ( marked by purple arrows ) now I'm sure not all of you are stupid enough to need an explanation.... but there are still a few tap water drinkers about :p
Price broke this level in august and made a big rally to the downside but this pairing couldn't keep price down and like someone...
Bears are strong with this pairing, we can see further downside movement as far as 1.13075 support level, price bounced off key resistance at 1.14039 and is ready to sink.
We could see some support at 1.13470 that has been used as support and resistance before, but this should only be a slight pullback which will provide good opportunities to add sell...
With WTI declining nearly %30 in a short time span and global growth slowing. Investors are long US TBONDS as they are willing to tolerate lower yields from bonds in anticipation of lower inflation and slowing growth.
Bonds rising will have a wide ranging market influence. From yields falling, to equities under performing to Japanese investors seeking domestic...
Very bullish on UJ for next week. Looking for dollar to take control which will help. I have annotated my levels which I will be looking for buys. Purely looking for fake outs to the downside. Buy zones are ares, not exact price points.
There is no one clear index when it comes to following the property market. But looking at several property indices I'm able to see a distinct pattern and it appears to be a flat correction. Some countries like Dubai and UK appear to be further ahead in this correction. Obviously I'm not here to give anyone any personal advice, but I do recommend caution at these...
I just draw on charts and make pips don't know anything else.
Enter on shorter time frames such as Daily/4HR for precise entry points and let the trades run.
Risk no more than 2% of account.
COUNT PIPS COUNT PIPS COUNT PIPS NOT MONEY.
This week I believe that the US Dollar will go up to seek liquidity before coming down.
This will put pressure on other currencies. GBPUSD and EURUSD will go down beginning of this week and will end the week on the upside.
Reasons to look at potentially going short;
- Third touch of descending trendline
- 61.8 fib retracement
- Back testing Short term support now possible resistance
- Heading towards dynamic resistance (200MA)
Things to consider before;
- A lot of buying pressure over the last few days (2 of 3 Strong Bullish Candle closures)
- DXY looking bullish, Could see some...
NzdUsd - H4 I prefer shorts on current levels due to technicals and market sentiment which favours a stronger dollar at current levels. Major trend is still down for dollar so this would be considered a counter-trend trade