tradersvision

tradersvision

NZDCAD has successfully broken its downtrend line which started some time in March this year. There is not much to say except that it would be prudent to wait to see if it can also clear overhead resistance before entering on the long side here. The pair should find support in case it pulls back on the 38.2% Fibo-Retracement level. There is enough profit potential...

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This pair was brought to my attention because it staged a new high on a 5-day basis. Whatever the reason may be for this move in the cable it is interesting because we can draw two very clear trigger lines that should point us in the right direction. Obviously the price has to break above the red line which is the 23.6% Fibo-Retracement on the upside, and if it...

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This picture speaks for itself. I am almost sure that the big players will use the full scale of this visible range and the one below the double bottom for the next few days or even weeks. Please also note the negative divergence with the momentum in this timeframe. To get a better picture of this W-formation please go to H4 and see the last downtrend which has a...

tradersvision

After finally breaking the last high from september it seems to me that the price has reached a point where it losses momenutm. It broke through resistance and went up to the 127.4% Fibo-Level just to encounter new resistance. Will we get a new trading range between 0.81134 and 0.81661 - a rather narrow range - or will we break through this levels with the next...

tradersvision

This FX-pair which acts as a risk on/off parameter and has a almost +1 correlation with the Dow Jones Industrial Index (see a weekly chart for this correlation) just entered a neutral zone from the lower end. The last downtrend has taken the price to support at 1.0145 from where it advanced for the last week. It seems that it ran into resistance at 1.0288 which...

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This chart doesn't need many words as the uptrend is clear and the last correction filled the whole range of this trend. Now it has to break to the upside in order to continue this trend. Once it does so I have a buystop@ 0.9625 with a target just under the last high at 0.9907. As can be seen by the ADX, which is sitting just under 20, we do have to wait for...

tradersvision

Referring to my last analysis of this pair (Where will it end?) 5 days ago, where I was looking for buylimits at lower levels, it seems to me that this right here is worth a try to go long with the 61.8% Fib-Retracement in the back as support. YES, it does not look like a very trustworhty situation but which spot does at the beginning of a expected counter...

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In the last update_2 I speculated whether or not we will see another test of the lower end of the trading range or will the next move clear resistance that acted as support just a few days ago? AND I stated, that: 'This last channel (dotted trendlines) looks like that it is not going to hold for long.' Basically, both thoughts were correct and the chart here shows...

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In this pair we can see almost the same symmetry as in the EUR/AUD pair. Here the long target has almost been reached. For the shorts it might present a perfect possibility to find out about the strength of the euro at this resistance level formed by the last high. Whether or not this might be a good idea should be double/cross checked on the daily and weekly...

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There is a SHOWDOWN in this pair between safe heaven and risk on /off currencies. This formation developed over the last few months on the daily timeframe seems to finally come to a decision in the next few days. There is a potential of about 400 pips to the downside once a definitve break of the necklinie is confirmed. So far, nothing has happened in this case. I...

tradersvision

Will we see another test of the lower end of the trading range or will the next move clear resistance that acted as support just a few days ago? This last channel (dotted trendlines) looks like that it is not going to hold for long. On the other hand - once resistance (former support aroung 0.8265) is broken to the upside - I would go cautiously long for the rise...

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In my last (first) analysis of this instrument I stated: ...this short term trend might be broken to the downside once support 1 and the trendline is broken.... Well, that is what happened on the 2nd attack on this points mentioned before. Of course, like most of the time, not before testing resistance labeled 1 before going down. So far so good, but now it needs...

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A closer look at the H4 reveals some more inside information about this pair. It's it is going sideways since May 2012 and it seems to have a bottom which I think will be tested one more time just to see if it holds up. This last intraday/shortterm uptrend climbs without much momentum. Actually, there is a bearish negative divergence going on. If we take another...

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Will the Euro finally recover from its long downtrend against the Yen? This downtrend on the daily timeframe - for an overview of this long term trend see a weekly chart - seems to have found a 'temporary' bottom. But, will this shortterm ascend have enough power or buyers to break resistance ahead that comes in the form of a Fibo-Cluster 2 and one from the last...

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This is a clear structure on a daily basis. After the completion of the breakout from this triangle and after having reached the target that could be found by measuring the basis of that triangle it is only normal that a correction will follow. Especially when that move mentioned before has taken the price to the last high from April/May 2012. The Question is:...

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Is there a chance that the price will slide all the way down to the channel line for a nice rebound? This pair shows a clear classical picture of technical analysis. A well defined down trend after a triple top that has been broken to the upside just enough to get everybody enthusiastic about long positions. After missing to reach the top from the spring 2012 the...

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Waiting for a breakout of this defined area might pay off soon. Clear resistance overhead where the price failed 3x already. Will it be able to resist a 4th attack and a push to the upside? The near term downside potential is also clearly defined by this "triangle type kind" of range. I labeled the uptrendline with no.2 and the returnline with no. 1. Well, if...

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AUD/USD: Does this descend from the double top come to an end? Are the lines drawn in the sand here for the end of this decline or will it break all support and fall below parity. At least for the way back up it will need to get back in into this down trend channel and work its way through the down trendline above. In this H4-chart I put in a 45 degree angle...