Are you seeing what I'm seeing? It's H-a-S! Sell! Sell! Sell! Of course, nothing is that easy and simple. Yes, it has formed a Head-and-Shoulders, but if this is going to be the same as EURUSD a few weeks ago, where everybody was shouting about the H-a-S formation that it was developing. In the end, it didn't quite complete it and wiped out all the SELLers. My...
This is a quick view on what potentially could work out. It seems that it wants to form a H-a-S. Now, I understand that there is still some potential to the downside, if we look at the Daily. But looking short-term, we can see that there is a possibility for that formation to happen. At the moment, Volume is confirming the idea. But because the right shoulder is...
This is something for all you technical analysts to debate on. Would you class this as a fat version of a Tri-star formation? Why I am saying "fat" is because the bodies are a bit too big and the formation has appeared slightly after a different sequence. Nonetheless, I am keeping this in my head. What I was trying to say is, that this looks like a Bullish...
Honestly, this is my favourite commodity, but at the moment it's being on its bad behavior and needs to put in the corner. And by corner I mean leave it for now. First of all, this one needs to decide what the hell does it want to do. Up or Down? So it's coming down towards the bottom trend line (the closest green box on the chart) and we just might see a touch...
This is building up for a potentially good move. This is the Daily, but if you look at the 4h, then you can see that this is getting ready to move. Now then, will it be the EUR or the AUD that will drive it? I suggest to set up some price alerts, so that you wouldn't miss it. This is and idea, but you could set up alerts at: 1.56700 and 1.56250. But don't get...
As I have mentioned before, I don't look into the whole crypto world too much. Maybe it's good, because I am focusing on the real currencies. Or maybe it's bad, because as some say "It's the new thing". I don't know. I like the whole idea behind the cryptocurrencies and I think that something could work out from it in the future. But at the moment, it's just...
So this pair isn't looked into very often. If you could compare FX market to football, then this pair would probably be in League 1, right after Premier League and Championship. But anyway... Both of these currencies are looking quite strong, at the moment. It seem that they are trying to prove something to the USD, by trying to push it down as much as they can....
I think the Turks are tired of devaluating its currency. It's US time. Maybe... So the chart is drawing us a nice steep trend line. Which is just asking to be broken. Looking for a good SELL if we close below that line on the Daily. Entry for a SELL approximately at around 3.88500 with a potential move to 3.80. Looking for a BUY only if we close above 3.95500...
It almost seems that is doesn't like those bottom levels as the EURJPY its. To me, this looks like a Bullish formation. But then again, it's a bit too early to make the call. We need a good break of the wedge. Looking for a BUY if we close above 148.750 with a target of 151 for now. Looking for a SELL if close below 148 with a target of 146.500 for now. I...
Time to retrace for a bit. I think this pair could go just a little bit lower, because of the slightly stronger Aussie. Even though, I have a lower target in my head on the AUDUSD, I think it could still go slightly higher tomorrow, which could push EURAUD to test the 1.53926 level (previous November high). If the pair would close lower than that level, then...
How many times is it planning to test that bottom? It clearly is not a fan of selling off. This ranging market can be seen a bit annoying, because there is no clear understanding, where does it want to go. Currently looking for a re-test of 133 level and then maybe higher. That's why I will be a BUYer for now. If this pair somehow will manage to get below 131,...
It tested the steep trend line from underneath. Now it's time to check out that lower one as well and see if that's going to be a good support. This is aiming to be a good SELL if it closes below 1.15450, which then could lead to a test of that box. But that's only if we'll see some more strength in the Franc, because it looks like that the Euro doesn't want to...
Honestly, somebody really wanted to take out all the SELLers. This move is such an exaggeration that WOW! I believe that even though tomorrow there could be some more BUYing, still eventually it will have to come and re-test the strong resistance line, that was broken today and has become a potential support for the future price moves. This level was 9.80679...
I will make a call here and say: "SHORT". Again, I might be wrong, but hear me out. I think that in the long run it will break the upper trend line and head higher. But for it to do that, I think it needs a good drop in the price and then move higher. But that's only what I think. in reality it will do what ever it wants, of course. For this upcoming week, I am...
Channel trading, I would say. The pair has decided to go the channel route. Somehow, that Head and Shoulders isn't working yet. The pair isn't having those major sell offs. I wonder if this pair will decide to drag a lot by ranging within that channel? Who knows. I recommend to keep an eye on this channel. Any close below or above it could give us some good...
The pair is at an interesting level, right now. Last week we had a ranging one and some where, probably, taken out by this price action. It's sometimes really difficult to foresee that the week will be a ranging one. But that's trading. Last week the Bulls and the Bears could not figure it out who's going to lead. It seems that it is ready to make a good move...
I keep wondering if we're still going to see close below that trend line. It has been flirting with that line for quite a while. It already seemed that last week will be the week when the break is going to happen. And then all the SELLers tight stops were taken out by that sharp move higher. Now it's getting closer to the trend again. I would say, consider...
We can see that we have broken that triangle that we were forming for quite a while. I believe that this is now aiming for higher levels. Ideally I would like to see a re-test of the downward trend line from the top and then head higher. But that's ideally for me. Also, a good scenario would be to see a close on the Daily and then the Weekly above 3.157...