The pair is getting closer to that beautiful round 0.80 level. It almost hit that last week, but still there wasn't enough power in it. It may seem that there is a good chance to hit it this week. If it's the downside that we are looking, then the re-test of last week's lows could indicate that this pair is tired and needs a bit of fresh selling-off. As always,...
Looking for a re-test of 1.31 this week. The general trend is up. If we reach 1.31, then it might just push it to 1.32 . Certainly, there is still some potential to the downside, if we start seeing a move towards last week's lows. If we break those lows, then watch for this pair to sell-off. Keep an eye on the price action.
It is hard to admit, but I have been wrong on this one in a few of my previous posts. We are very close to May 2016 highs (nr. 3), so it might be possible that it will try to re-test it (nr. 2). That level is roughly around 1.16200. Now, if this pair will decide to screw up everybody later on this week (especially with the ECBs rate decision on Thursday) and move...
This trade is only for today. Observe the 4h candle. Observe the close of it. This could potentially work out. If it will close above the upper trend line, then look for some upwards movement continuation. But I am leaning more for a quick SHORT to about 21475 level, if the 4h candle will stay below the upper trend line. At the moment, it's balancing at around...
It's getting squeezed. Looking for a pop. You can set up BUY and SELL orders at 0.79355 and 0.79100 respectively. It is important to watch it carefully and you've made profit, quickly close it, as it will probably retrace. So this idea is mainly for capturing a quick scalp. Keep an eye on the price action.
This pair is heading towards the test of the downward trend. What is also interesting, that I believe that the downward pressure is diminishing on this pair and we are positioning for a nice move upwards. Now, I have been wrong a few times on this pair, especially, when I thought that it will form a Head and Shoulders (23.06.2017 post). By looking at the key...
It is a bit of a difficult trade, but could work out. If sentiment will stay negative, then looking for a SHORT to about 1.29800. At that level, we'll have to re-evaluate the situation, as this is very unstable. Ideally, looking towards the SELL side to re-test the lower trend line. Keep an eye on the price action!
So this pair is one of my favorites to watch and trade sometimes. I believe that the Rubble will get stronger in the short-run. At the moment, it seems like it's stuck in this upward channel. Will it break it at the bottom or will it continue rising? We will just have to wait and see. In the mean time, I think we will test the bottom trend. This could be a good...
So this is my view on a potential short-term trade on DAX. Ideally, a retracement to around 12585 and then blast off to the upside. Previous important resistance level of 12850 isn't far. This could be a tricky trade, so keep your stops ready. For today or tomorrow only. As always, keep an eye on the price action.
It came up to it's steep resistance, which is the downward trend. So will it hold and head down, or will it break it and finally move higher? Let's wait an see. Keep an eye on the price action!
Veeeeery interesting... It seems that it's forming a pennant. You know what happens after the pennant breaks? It normally is a continuation pattern. Even though I am the biggest skeptic ever and I really would like to see this pair to the downside, sometimes it's difficult to ignore these types of strong formations. I really want a SELL on this, but I will wait...
I used to trade DJIA a lot in the past, but I have moved away from it, as it can be very tricky and quickly take you out. I like the idea of it LONG in long-run, but in the short-term, I would like to see a bit more selling, in order for it to become even more attractive for the bulls. We are forming this wedge-type formation, which I think should be broken soon...
So how about a LONG position on this pair, huh? I think it could be worthwhile your time. If DXY will start to recover this week, then this trade will be just right. I would say you could hold till 1.31500 at least. But then again, I can't predict the future. In general, this is a very interesting level. Keep an eye on the price action!
If we'll form a doji today, I am looking for a SHORT. Infact, I have already placed a SELL at 130.006 . Let's see what happens. This is a very lousy analysis on this pair, but I apologize, as I haven't got much time today at all. Keep an eye on the price action!
As I said, this is a very stupid pair to trade. It always has a mind of it's own. But maybe it's that clever, that actually I am the one who's stupid. Nevertheless, I like to analyse it. So as with my previous post with the EURUSD, I believe that there is an element of surprise here. But enough about conspiracy theories... Look what it's forming here. On the...
So we're getting closer to tomorrow's NFPs, which could blow up this pair, if it stays neutral today. Certainly, a lot of analysts are aiming higher, as there a few good resistance levels that could be hit. But, because I believe in the element of surprise, I am making this call towards the downside. Certainly, I don't have a crystal ball. No one has... But, the...
Watch the breakouts. Personally me, I'm leaning more to the downside. Keep an eye on the price action!
The time has come... Time to get in. If you haven't done that yesterday, then you can do it today. Next level - 0.98000. Keep an eye on the price action.