ChaosTrader63

ChaosTrader63

Looking at the EUR vs CAD on the daily time frame we can notice two days of indecision for the pair since the bearish fall from prior resistance at 1.53019. The indecision is noted with the two doji's formed at the support level at 1.49114. Doji candlesticks represent indecision as neither bears or bulls control the market. Prior to the doji at support the market...

ChaosTrader63

Looking at the AUD VS JPY we see price stalling at support @ 95.151 as price has formed a doji candle stating indecision and stalling momentum. Look for a close above the doji candle to enter a long position. If price forms a lower close then we know we are wrong and we do not enter a trade. Keep in mind that a doji candle is not a reversal signal but rather...

ChaosTrader63

The NZD vs USD is sitting at support @ .86348 and has formed a doji at that level. Looking for price to honor support and close above the doji to confirm a reversal. Previously price was trending up and retraced about 50% hitting the support level. I believe price will now attack the all time high level at 88415. Have a great trading day and God bless!

ChaosTrader63

The NZD vs USD is approaching it's all time high @ 88415.Currently price is in an uptrend and pushing towards that level with about 130 pips to go.Maybe some time next week price reaches this level but then I am expecting this level to hold and price drop down to possibly a prior support level. Last time price rejected this level and fell nearly 1500 pips. Looking...

ChaosTrader63

Looking at the GBP vs CHF daily chart we see the close on Friday formed a doji at the Kumo support level. Prior day closed with an inverted hammer signaling possible change of direction and indecision at support. Price is in a slight uptrend with a pullback to the support level of the Kumo. Looking for the Kumo to hold support and price move upward from there....

ChaosTrader63

Looking at the NZD vs USD on the daily we can see the resistance at .85442 where price has pushed up to this level but failed to break this level on two consecutive days with the close of Thursday and Friday. The bears have been very aggressive at this level as price rose as high as .86044 only to be rejected and pushed back down nearly 80 pips with the close...

ChaosTrader63

The daily time frame of the AUD vs JPY has closed on Friday creating a gravestone doji at the resistance level between 94.090 and 94.457. This candlestick is a representation of supply and demand being equal as price opened and closed near the low of the day. What is significant is how high price moved up but the bears overpowered the bulls and pushed the price...

ChaosTrader63

The AUD vs NZD is pushing towards it's all time low of 1.04280 which was hit on 12/2005. Since setting the all time low price has bounced off of that level and pushed upwards to an all time high of 1.37941 set on 3/2011. Ever since then the pair has been in a downward spiral attacking the all time low level and finding support near that low at 1.05490 this past...

ChaosTrader63

The AUD vs NZD has been on a short term bullish run prompted by comments from Reserve Bank of New Zealand Governor Graeme Wheeler stating that the terms-of-trade is at a 40-year high, business confidence is the strongest since 1993 and consumer confidence is at a seven-year peak. All this after the Kiwi has been mainly bearish since its high at 1.15794 which...

ChaosTrader63

Looking at the GBP vs NZD on the 4 hour time frame we see the symmetrical triangle pattern with the market making lower highs and higher lows. This formation is usually a continuation pattern therefore our bias would be bullish since the market was in an uptrend starting at about the 1.88682 level back in October until the previous month high at 2.02386. There is...

ChaosTrader63

Looking at the EUR vs CAD on the daily time frame we can see that price is on a pretty nice uptrend which started on 8/16/2012. Price is currently bouncing on the previous months high level at 1.44397. This is the second attempt at violating this level as price has previously failed on 10/27/2013. There is also bearish divergence on the RSI which leads me to...

ChaosTrader63

Traders I am looking to the long side of the NZD vs JPY and I get that bias from price being above the Kumo which gives us a bullish sentiment. The blue line on our chart is our Kijun Sen and that acts as our trend line so if price crosses the Kijun we say be aware of possible trend change. In this case i see that price fell below the Kijun after bouncing on the...

ChaosTrader63

With the US Debt Deal looming now is probably a time to sit with hands folded waiting to see what happens with the debt deal. The outcome will surely affect how the USD trades in the next few hours or days. With that in mind and sticking to the technicalities of the pair I am looking at an opportunity to take a long position. We are looking at a 4 hour chart here...

ChaosTrader63

In this corner we have the AUD vs JPY 4 hour time frame! As we walk through the chart we can see price falling down below both the 100 SMA (blue line) and the 200 SMA (green line) to the 86.50 mark and finding support at that level where it eventually formed a double bottom. Price was unable to violate the level and proceeded on a bullish trend. Price topped out...

ChaosTrader63

Looking at the NZD vs JPY on the daily time frame we can see that price has just broken out of the bullish pennant pattern which signifies more upward movement from the pair. The pair has just broken out of the support and resistance zone between 79.50 and 80.50 with a strong bullish candle before forming the brief consolidation pattern before moving forwards to...

ChaosTrader63

Looking at the AUD vs USD on the daily time frame we can see that price has been in a down trend from 1.05819 to the low of .88428. From there I have put in fib retracement levels and price has since moved up through the 23.6 retracement level and we are currently within a resistance zone which is approximately 43 pips wide. I'm expecting this level to be broken...

ChaosTrader63

In this corner we have GBP vs JPY! There are many fundamental reason for JPY weakness but I am going to focus on the technicalities for now. The GBP has been strong versus the yen and this is apparent with the steady rise of the pair since Jan 2012 pushing from the low of 118.91 to the recent high of 158.526 of this current daily candle. It's worth noting that the...

ChaosTrader63

Looking at the EUR vs USD on the 4 hour time frame you will see the fib retracement levels placed from the July low of 1.27741 to the most recent high at 1.34532. Since the high the pair has retraced right to the 50% retracement level @ 1.31020 and has since pushed upwards and attempting to close above the resistance of the 23.6 retracement level @ 1.32859 A close...