The EURAUD is in the push zone of the Fibonacci zone (from C to D) and has broken a resistance zone at 1.6350 twice. Even though the Stoch is moving from the SELL zone I don't believe that the AUD BEARS are strong enough to push the price down below that level and test the trend line again at some point without some type of catalyst. Therefore I would look to BUY...
The AUDJPY is showing a potential rejection of the 76.00 level which is a daily pivot area. With the stoch in the SELL zone and I am looking for a counter trend line break around this level. If the market keeps climbing and uses the 76.00 around as support look to BUY up to the 77.50 area and sell down to the 72.50 pt 1 area down to the 67.50 area pt 2. Stop...
AUDUSD is rejecting the .7020 area which is a daily pivot zone and it has to the makings of a CTL break in the SELL zone. At the close of the candlestick if it remains below the CTL I will look to SELL down to the .6820 area to the Fibonacci D ext that was not completed last month. Stop should be place above the .7020 pivot area giving this a good risk to reward...
Notes on chart
Notes on chart there is a ACTIVE SELL position you can get into today
On the CADCHF is testing the consolidation support of .7380 with the ADX over 20 and the Stoch leaving the SELL zone and Oil in the SELL zone on the daily and 2hr respectively there is more of a probability that the bearish run is xoming. However for myelf I would have to see the BEARS reject the .7380. The target level I would be looking at is the .7250 area to...
The USDCHF is giving us 2 options to be able to work with over until the end of the month. With the FOMC meetings ending with bad news to the BULLS there has been a broken triangle on the daily chart. However I would not look to do anything until the BEARS are able to show that they can push the price down below the .9900 level with a closed daily candlestick. At...
NZD has broken the .8700 pivot area and restested on the 2hr chart the overall trend is Bearish and the 2hr Stoch is oversold there is an opportunity to trade but I would ONLY look at BUYING once the 2hr is in the BUY Zone again up to .8900 Stop would be place right under the .8700 pivot because long term I believe this market is BEARISH. If you agree PUNCH the...
The USDCAD end up breaking the inner trend line on Thursday of last week and push down to the 1.3200 level. It tested the backside of the 1.3200 level on Friday and as of now has failed there are a few good things going for this trade the ADX on the daily is approaching 20 the Stoch is waving down to the BUY zone and the 2hr is in the SELL zone as we speak....
The have been weak since last week early week rally, the and has rejected the 1.1200 level again making Past support turn into future resistance. There was a lovely evening star formation last week and it seem to be holding. This gives you an opportunity to SELL down to 1.100 with relatively no past points pf support until that level. If you want to confirm the...