SvetInvesticij

SvetInvesticij

USDCAD formed new daily BUOB, at the new swing high. For us this is great signal for buying opportunity on the retest of a new strong daily support zone 1.3856. For conformation we can see a emas crossover. The pair moved in range of 600 pips from the November 2016. At 27. April 2017 the pair broke daily resistnace and close above that. For now we want to see...

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Since carving out a high in mid-December following the Trump inspired rally, the CADJPY has dropped 840 pips. We looked at the pair earlier this month, but buyers never managed a close above channel resistance that extends from the February 15th high. So here we are 100 pips lower still focused on the same channel. But the lower price is a good thing if you’re...

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At the start of this week, I mentioned how the AUDNZD bulls had reclaimed 1.0765. This area had served as resistance for nearly a year before last month’s bullish break, but ten days ago buyers lost their grip on the new support level. I was on Twitter last week stating how I believed the recent dip to be a bear trap. In other words, the price action between the...

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I’ve mentioned the AUDNZD twice in April. The first was when the pair was carving out a bull flag and the second just after it had dipped below the 1.0765 key support level. However, the Aussie cross never set up for us as 1.0765 gave out before an opportunity could materialize. But despite last week’s dip, buyers reclaimed 1.0765 at the end of yesterday’s...

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After gapping up to start the week, the AUDUSD is now trading below Friday’s close. It didn’t take long for sellers to sniff out an opportunity following the weekend gap which was triggered by the outcome of the France elections on Sunday. Following a successful short last week, I’m also on the hunt for another opportunity. However, with Australia CPI just around...

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Over the weekend we looked at where the EURUSD might find buying and selling pressure in the week ahead. However, our scope was limited as the result of the French elections – which would no doubt impact currencies – had not yet come to pass. Now that markets have had some time to digest the outcome let’s revisit the single currency. One thing I mentioned on...

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The EURCAD has produced some nice swings for us in recent weeks. First came the 500 pip drop that commenced with a retest of former trend line support from the December 2015 low. I ended up shorting the pair a few weeks ago based on the ascending channel that had developed on the 1-hour chart. The bullish engulfing day on April 13th prompted me to book profits...

SvetInvesticij

Forex pair USDCAD, moving in range of 600 pips for the last 1 year. Some months ago on 28. December the pair hit double top at resistance 1.35890. In next some weeks, will we careful looking at this zone. We will trade a short position on USDCAD at price 1.35890, if we will see a daily bearish price action at that level of resistance. Risk reward on that trade...

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As anticipated, the AUDUSD found a bid last week in the 0.7500 area. This is a level that’s been a key factor since March of last year. We had previously discussed the pair quite a bit between late February and the April 4th RBA rate decision. However, after a couple of profitable short trades, I decided to leave the AUDUSD alone last week given the likelihood of...

SvetInvesticij

Over the week we mentioned the forex pair EURAUD. Last week we don’t see a lot of volatility at the forex markets, because there was eastern holidays. As we can see the pair is carving out an ascending channel on the 4-hour time frame. It’s the result of the 280 pip rally that began in the final session of March. Next week we expect that, pair will drop lower,...

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The NZDUSD has been a slow mover lately. It took sellers fifteen sessions to move just 150 pips. However, Wednesday’s close below 0.6970 was a significant development. This level is the November 2016 low and is also an area that has served as a pivot since March of last year. As assurance that 0.6970 is now resistance, both Thursday and Friday encountered...

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Gold prices have found resistance after NFP economic event under 1,260.00. If we look closely, we can see daily and weekly pin bar. We found good signal for a short position. Even, Moving Average Convergence Divergence – MACD, showing hidden divergence on a daily timeframe. Next week, we will looking for a short opportunity from the 1260, or we will looking...

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The GBPUSD ended last week on a bullish note. Friday’s 85 pip gain puts the pair just below minor resistance at 1.2570 to start the new trading week. A review of the last few weeks suggests that this bullish momentum may continue. On March 21st, the pair broke free from a confluence of resistance at 1.2410. The break established a trade idea that I mentioned the...

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I mentioned the GBPUSD on Tuesday noting that a daily close above 1.2410/20 could offer a buying opportunity. Not only did buyers manage a close above this area, but they also held their ground on Wednesday with a session low of 1.2422. With the pair firmly above the (former) confluence of resistance at 1.2410, I suspect any retest of the area will attract...

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Forex pair EURAUD finished weekly candle above strong resistance zone 1.40900, now this is new support. We have a nice weekly pattern for buying opportunity, weekly BUOB Bullish Outside Bar. Price 1.40900 is 50% retracenemt of the lowest price 2012 / 1.15859 to the highest price from year 2015 / 1.65842. Next week we expected retest of the new support 1.40900...

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The EURJPY has given us a bullish pin bar following yesterday’s bounce from 121.20 support. We mentioned this area over the weekend as one to watch. More specifically, we were waiting for a pullback after last week’s 140 pip gain. Here’s how the daily chart looks after yesterday’s rally. On the surface, the pair seems ready to buy. The past 24 hours have no...

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I haven’t commented on the EURAUD for quite some time. It isn’t a cross I usually trade, and toward the end of last year, the price action had become far too choppy for my liking. However, the past 48 hours of activity have caught my attention. On Friday, buyers managed to close the week above the 1.4090 handle. This level has been a key factor for the Euro cross...