RudiMarin

RudiMarin

My weekly euro index is breaking its LT consolidation pattern to the upside. I'll be watching the weekly close as a confirmation and will then opt for a one sidded buying strategy to target much higher prices.

RudiMarin

USDSEK as broken a falling wedge to the downside and hit a strong support area. RRR favours a long to trade a bounce from here.

RudiMarin

USD has been falling as expected and should soon reach the bottom of its large triangle. We will be looking for signs of reversal and long exposure for another leg higher to target the upper line of the pattern.

RudiMarin

EURNOK is currently in a topping pattern; RSI is showing divergence. Short would aim at the bottom of the pattern first.

RudiMarin Updated 

USOil has hit an important horizontal support area and the lower line of its descending broadening wedge. I would expect a bounce from here to target the top line of the pattern.

RudiMarin Updated 

AUDJPY has put a massive rally last week but ended it forming a clean continuation pattern (bear flag) within a larger bearish formation (falling wedge). Although a break out higher is possible, the best Risk Reward Ratio is currently found on the short side.

RudiMarin Updated 

Following our call to short the South African Rand, AUDZAR could offer a nice upside potential. Currently in a falling wedge, it bounced sharply from support last week.

RudiMarin

the DAX has been climbing in a reversal structure. We first aim at a return to the bottom of the pattern before a possible break out lower.

RudiMarin Updated 

GBPZAR has corrected 61.8% of its long term uptrend. It is now breaking a falling wedge and shows signs of pushing higher.

RudiMarin Updated 

EURNZD has been falling sharply since the massive upmove that followed the French Elections. We are looking for long entries for a much higher move.

RudiMarin

The sterling has bounced as expected into the resistance trendline and has since been resuming its downtrend. Last week elections contributed to the downmove but today's CPIs have lifted the Sterling from support. I would expect a corrective bounce over the next few days(continuation pattern). If GBP is working on a LT bottom, I expect it would take some time to...

RudiMarin

The LT structural weakness in CAD could be shifting soon. I'm looking for the right candidate to buy the CAD against, for a LT trade.

RudiMarin

Since yesterday's hawkish comments from members of RBOC, CAD has been the best performer. After putting a higher high CAD has since been in a free fall until it backtested the LT downward trendline. I will watch any pullback to get on board despite rather weak oil prices.

RudiMarin Updated 

The S&P is currently in a upward channel which could be a sign of a correction to come. Selling the top of the channel to target the bottom is favoured. Watching for a possible break out lower. Medium Term and until proof of otherwise, buying the dips still remains the only game in town.

RudiMarin Updated 

Own built NOK index (daily) is currently retesting a break out. Looking for long entries despite awful crude oil inventories.

RudiMarin Updated 

CHFJPY is working in a pattern favouring an upside breakout. Right now, a GAP remains opened far below and should be filled. Risk Reward ratio is favouring short positions against the top resistance line. The aim will be to buy support at better price (<110).

RudiMarin Updated 

The Rand has been in a Long Term downtrend. After breaking out a rising channel, which looked corrective, it now appears ready to resume lower.

RudiMarin Updated 

ZARJPY is in bearish trend within a LT (bullish) falling wedge reversal pattern. I do not think it is ready to break higher and I expect another large leg lower to retest the bottom of the wedge. Currently near resistance, it offers a great Risk Reward Ratio for a short.