tokapeka

tokapeka

Looks like pressure is building up. USDCAD approaching upper boundary of the descending channel. Inverse head and shoulders formed. Potential break to upside. 1.2950 to 1.30 price target.

tokapeka

According to my analysis and the technicals on the chart, Tesla bubble just got popped. Be careful, all the air and vapors that inflated it started coming out. And there is too much weight, the balloon is falling down with a projected 50 to 80% retracement.

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Simply a daily logarithmic chart with 200 bollinger bands that acted like good support in the past and it just got above the 200 ma again.

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Same as with USDJPY, the appeal of a carry trade will keep pushing USDCHF higher. Let's follow the trend and buy when price retraces to previous resistance/now support levels as depicted on the chart.

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Let's see if trend is our friend. Looking to buy USDJPY again at the support level as indicated on the chart.

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nothing much to say, purely technical weekly chart

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found these two patterns quite similar. Back in in 2014 before the sharp decline, there was oil overproduction reported. Recently, Energy Information Administration reported increased oil production in November 2016. Coupled with the prospect of rising interest rates in US and consequently stronger dollar, this might be a short opportunity, despite the fact that...

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Bought USDCAD as US is ready to increase interest rates while Canada faces slow economic growth and high population indebtedness. Interest rates in Canada are not expected to go up until end of 2017. In addition, OPEC agreement to limit oil production most probably will not work. Members have a tendency to cheat as the industry becomes more competitive. OPEC and...

tokapeka Updated 

Looking to sell EURUSD as the recent bump from 1.0505 does not seem to have a significant fundamental reasoning, the pairs is still in downtrend. US is in a much better economic position right now, while there are number of uncertainties in EU. As can been seen on the chart, price will be capped in the triangle formation, which will probably lead to a downside break.