ChEtg

We saw huge support from the 2900 area and it has flown back up but managed to stay below 4000, it has been rejected off a trend line and could be set for further downside movement, if we get a Break of the Trend Line then we would be expecting Higher highs to be formed Bitcoin has been plagued by the Chinese and Swiss recently with their Bitcoin exchange shut...

AUDNZD has been overbought the last few weeks, taken it up to yearly highs for 2017, We have seen an impulse move to the downside and we are now in a Bear Flag, expecting further downside movement once a Breakout is formed. Expected downside target of 1.0920 NZD expected to get stronger - short term pullback

Yesterday we saw a Bullish engulfing candle on the Daily close, I expected a continuation to take place, due to the AUD news I expected to see some AUD weakness this week. So we used Fib retracement to plan an entry on ETGFX trade planning webinar last night, we looked at the 38.2 Fib as a potential area to get into, The Red line was our entry, I expected the...

Huge Bearish Trend, but market correction expected within the GBP and should see an upwards move towards TP - We have failed to get a good close below the 1.6050 level and we are expecting buyers to come back into the market. With Investors putting Brexit to the back on their mind and seeing the GBP as undervalued at the moment. We entered this, a few hours ago...

USDCAD is currently in a huge Bearish Trend, and has been very sensitive in light of the goings on with North Korea and potential war outbreak. CAD has seen huge strength the last 6-8 weeks on the back of the Hawkish Tone set by the BOC and the fact they have raised interest rates. With many economists looking at 1.22 and 1.20 as potential downside targets, USD...

A Client asked me my opinion on a Trade so I thought i would take the time to provide a full mark up and analysis for him on the pair in order to give him the best possible chance of success. AUDCHF is at a very interesting level, as it is showing potentially multiple technicals in this supporting either a bullish or bearish move, but we must await...

Has EURUSD peaked at the 2 year high and starting market correction? On more recent time frames we have seen a clear break of a key level and the bullish trend line we can see on the 4H and been strongly breached. So what has caused this Euro Decline? The market are starting to anticipate that members of the ECB and getting concerned at the strength of their...

The Charts are showing plenty on technical supporting further downside to the CADJPY pair. It has been held down on the 50% Fib retracement tool a number of days on the daily close. It is currently in a bear flag and using the bottom of it for support. Price Action is also showing signs off stronger rejection from the Strong resistance at 88.00. I will await a...

Awaiting a Break of the neckline for a Bearish movement, Bounce of a significant level at the top on the daily - the 23.6 Fib is also being used for the neckline

H and S strategy on USD JPY has formed, break of neck line - expecting short term bearish movement, Lack of Risk aversion is the only thing stopping me from shorting this FOMC meeting at 7pm later will cause huge volatility within the market, best to be out the position by then

Gold has formed a Head and Shoulders and have seen a Break of the Neckline on the 1H chart, Expecting 70 pip move to the downside before reaching support

As you can see Bearish Looking move on NZD JPY on 30mins with possible H and S developed, it is now retesting the Neckline - expected further downward movement. Expecting NZD to be weak on the back on NZD Central bank being worried about knock on effect of the currency strength on their export demand

GBP and JPY both saw some gains last week, JPY based on the Dollar weakness from inflation data on Friday. It has been consolidating in a range as above since the large move up. Forming a Flag, Now we have seen a break and close below. Myself and clients have been in this before the Break, as we expected a breakthrough, as the GBP was overbought back end of...

CAD is now in a sell zone on some weekly and monthly resistance, we are starting to see evidence of rejection in this. Picking up a range of support and resistance. Sell from the top of the Flag and if their is a breakout then you could look at a Longer term Downside move. If BOC fail to lift interest rates this week then you will see a Large Bearish move back...

NZD long have been at record highs epecially last week so expecting it will have a pullback this week due to being overbought and not being much value for money at the moment for investors when other central banks are looking at potential ate hikes could cause investors to take profits now and move liquidity else We had a Downward move down to strong jobs data in...

Last week EUR USD failed to make a higher high on the back of positive Jobs data produced by the USA - although long term I remain bullish on this pair I would be expecting this to Retrace between 1.1250-1.1300 before continuing in the normal trend. It would be looking at test previous resistance and where trend line is respected to encourage the buyers to come...

So this trade has a conflict when looking at it for a long or short Bias for the week - It has broken out of a Bull flag on the weekly last week but is Strongly approaching a Sig Level on the Monthly Timeframe Both economies have been relatively weak in terms of currency strength due to safe haven and commodity prices failing. On the smaller timeframes this sits...

Flag formation has been formed on EUR AUD over the course of this year and Finally broken out last week.(bottom of Flag Pole started in Feb it hit its top range before consolidating down. you can see clear rejection on the 38.2 of the Fibonacci Level upward move from same date as Flag pole was formed. We saw a break out and a retest of the Flag and has...