Expecting the pair to test the 1.0550 level and possibly the 1.0700-0750 area. Support found at the 1.0400 level. Stops below 1.0325. R:R 1:2 acchieved with entry around 1.04 and target at 1.0550.
The pair is lying around the very round and symbolic number of 100. I see no signs of price breaking and establishing itself below the 100 level. The 98 level is for me the absolute bottom of the pair, as for now. Fundamentally there are possibilities of BOJ intervening against the JPY? Are the market pricing in increased possibility of US rate increase? All...
The pair is primarily in a bullish trend since the beginning of May. Last week it formed a lower high and a lower low, maybe indicating the start of a possible bear trend. Still, I believe the pair will be a decent buy at the 1.2850-2950 area. The target for the trade will be clearer when the trading week starts. For now 1.31ish is a possible target. A bearish...
I am awaiting the current USD weakening to fade out. The USD is at areas where buying it is attractive. Strong USD bullish divergence in all USD pairs monitored. Levels to look out for is 1.1350, 1.1397 and 1.1482. There is a possibility that the latter will be tested before a very LARGE down movement begins. As always, trade with care. Do not try to sell from...
Possible sell opportunity for CADCHF. Important levels from 0.7630 towards 0.7700. Strong bearish divergence. Limited upside for the pair. Expecting limited upside for oil and bearish correction during the coming week.
There is still upside potential towards the 17200-17250 area. If price pushes extremely high up the 17600 level is possible as resistance. Expecting price to drop from these areas, this is supported by a strong bearish divergence. Bearish signals for oil and Nikkei225 are often indicating risk-off sentiment in the market. Will be looking for bullish signals with...
The bigger picture for technical analysis: Oil has been in a bearish trend since the beginning of June. Possible new lower high in the forming. Short term technical analysis: Price is nearing the 48-50 area, where I expect price to fall. This is further supported by a bearish divergence. From this area price might resume the primary downtrend and form a new...
Bearish outlook based on technical analysis.
The market didn`t react to the rate cut from the RBA this week with selling of the AUD . Still the pair is at important levels and are ready for a correction down . Also I believe there is upside potential for oil within the time horizon of this trade (1-2 weeks). Further strengthening CAD. Technical analysis and fundamentals could both be...
Decent numbers from the US yesterday. Still I don`t expect this to immediately be prized into the market. As the market is waiting for more signs that substantiates a rate increase. Already at current levels USD is appreciated . Normally I stick to trading within the current week, that is the time horizon I will refer to with my trades. For the coming...
I am expecting a short correction down to atleast th 2080 - 2060 area. R:R ratio 1:4 or 1:5 obtained if the scenario occurs.
Bearish outlook purely based on technical analysis. All signals are suggesting that price will decline from current levels. Bullish trend for the last 5 weeks could be ending this week.
I am expecting NZD weakness in general. Target 73.00 at R:R 1:2
Target 0.70. This is clearly counter-trend. Expecting atleast a technical correction down.