Sejdr

Sejdr

The USDCAD has bounced of the MA200 and just shy of a steeper downward trend line within the larger downward trend line. WTI Crude is at important short time resistance and has momentum upwards, specially with the Friday push right in to resistance. We could see a break of that resistance during next week with a strong bullish move and that will push the USDCAD...

Sejdr

After having broken out of the diamond pattern and recently bounced the lover wedge the pair has just closed above the MA200 on the Daily chart. This after the positive steps taken in the US-China trade talks. If we can keep above the MA200 and close above 109.500 with a wedge breakout it can have momentum ( RSI broke the MA9 and bounced it and Stochastic coming...

Sejdr

More and more bearish bars on the Daily chart and the latest bull move didn't cross the 9MA on the RSI (bounce) suggesting loss of momentum. Looking for a short intraday retracement to 1740.

Sejdr

With the hard Brexit looking more and more like a non-event the market should start pricing in that (even though we have the election coming) in terms of a bullishness for the GBP. We also have a USD that is under pressure and if we look at the DXY we are right at an interesting support level which, if it breaks, have room to fall quite a bit. With this in mind...

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On Daily we can see that the NZDUSD is retesting the resistance and it has formed a Head and Shoulders pattern. The Friday close reacted on the 100MA, but if we get a close during next week above the resistance zone at 0.64500 we should be able to push up to the MA200 which is in line with previous flip zone/next resistance structure.

Sejdr

Daily Chart: WTI Crude has been in a tighter range since June approximately and have pushed up from the lover bounds of this range early October. This move is approaching the MA200 and I predict a reaction there since it is in oversold territory on the Stochastic. A retracement down to MA100 wich coincide with the Fib 78.6% level is most likely. This level will...

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As we see on the Weekly AUDNZD has traded under the wedge channel for a while but during that time it has created higher highs and higher lows. Since early September it has closed above the flip zone and then established it as support. On the Daily we can see that it has tested the support several times and formed a descending triangle. The faster moving averages...

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After the sharp rise it has slowed down and we can see more bearish bars on the chart. This has also created a divergence on the RSI. The loss of momentum has established a momentum resistance around 65 on the RSI which price doesn't seem to be able to push through and the 9EMA on the RSI has caught up with the signal line. All this suggest a technical reversal...

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On the Weekly chart Gold has formed a Bull Flag (a somewhat volatile one) and if we look at the Daily chart we can see an inverted Head and Shoulders pattern. The safe haven instruments have not reacted much to the drop in dollar and I think there is a big bullish move coming next week if dollar weakness is continuing - a delayed but more momentum strong move.

Sejdr

NZDCAD is at a flip zone and has formed a triangle. The latest higer low and the increased momentum on RSI suggest a possible reversal. The RSI is also crossing the 9MA. A break above the flip zone and a further bullish break of the triangle with the target of 0.85500 (MA100)

Sejdr Updated 

After the sharp bullish move up yesterday we have, what looks like, a nice Bull Flag suggesting another big move up today.

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OMX30 is now entering an established supply zone and a big resistance zone with loss of momentum producing a divergence on the RSI.

Sejdr Updated 

USDJPY has come up out of the descending channel and has now tested the long term flip zone (former strong support) 3 times without breaking through. Each time the lows has been lower and lower and following the upper bounds of the previous channel - forming a descending broadening wedge. If we look at the RSI we can see the divergence as the USD has lost its...

Sejdr Updated 

After the pairs highest notation ever on 3rd of September, the USDCHN has come down a bit and lost momentum. If we look at the RSI we can see a divergence, suggesting that the momentum is lost and it will come down further. It has also formed a very nice Head-and-Shoulders pattern and is about to break the neckline, with a target of 6.95000 - a nice even number...

Sejdr Updated 

When Monday comes and the market realizes that the "Trade deal" is less of a deal and more of a soft touch and window dressing there could come a reaction and the markets that rose sharpest will see a correction. Looking at the 4h chart on the DAX we see it has entered oversold territory on the RSI and the pinbar suggest that the break above the bearish trendline...

Sejdr Updated 

If we look at Daily we see that AUDUSD is in a descending channel and in the lower end of this channel. The latest upswing in September failed to test the upper limit of the channel. That created the local downtrend that we see now in the form of a descending triangle. It has broken below support levels from August and if we look at the latest candlesticks we see...

Sejdr Updated 

A very nice rounded topformation with the support as base. Going up on the left and coming down nicely on the right. On the 4h the RSI has fallen below the MA9 and then bounced on it momentum wise. On Daily there is a pinbar follow by a Long-legged Doji suggesting a switch in market sentiment after the bullish move. On the 4h the MAs has lined up in a bearish...

Sejdr Updated 

After the steep bearish movement of the DAX it bounced on MA200 on Daily and created a bullish pinbar. On the 4h you can see that it is at historical resistance (from early september). it seems to be pushing up into the resistance and the RSI suggest bullish momentum. A break above 1200 could mean a bullish move up to MA200 on 4h or even up to historical...