Chartist-Trading

Chartist-Trading

CADCHF pulled back at the PP0 and the lower Bollinger Band in a clear uptrend, providing also a reversal candle which is normally a BUY sign, We BUY at current levels setting the stops below 0.7285 targeting 0.7330 and 0.7345-50.

Chartist-Trading

GBPJPY has formed a classic reversal candle at the Daily chart that makes the continuation of the upmove as the most probable scenario. We BUY at current levels, adding more at next level of support at 149.70-80. we'll set our stops below 149.40, targeting initially 151.00.

Chartist-Trading

GBPUSD has formed a reversal candle at previous lows. We BUY at current levels targeting 1.3260-65. Stops below the lows

Chartist-Trading

EURUSD is testing its short term channel bottom and 1.1230 critical support. We BUY at current levels after the reversal candle, setting the stops below 1.1220, targeting 1.1265 and 1.1285

Chartist-Trading

GOLD has tested the important support area at 1765 and now it seems like it is preparing for an upward continuation of the move, towards 1810-15. We will BUY an upward breakout of 1787 on an hourly close, setting the stops below 1773, targeting 1810. An alternative and more aggressive approach will be to BUY at current levels setting the stops below 1773 adding...

Chartist-Trading

AUDUSD is approaching its channel top after Friday's false break and we believe that sellers will emerge at these area leading to a short term correction. We will use any retracement from 0.7110-20 area as opportunity to BUY. At the moment we are focusing on the SELL side at 0.7110 setting tight stops above 0.7135, targeting 0.7080-85. A break of the channel will...

Chartist-Trading

EURUSD is set to go higher as the technical picture suggests, so we buy at current levels, setting the stops below 1.1355. Targets 1.1350 and 1.1380. The 4H Chart below is looking for a right shoulder to form...

Chartist-Trading

GBPJPY has formed a reversal candle at strong support at 149.00 area and the technical picture favors the continuation of the move higher. Targets 149.90-00 and 150.50-60 which is our main target. Stops could be set below the 61.8% retracement of the move (below 149.10) or below the lows...

Chartist-Trading

AUDJPY is forming a sideways formation. We will BUY at 80.70 adding more at 80.45. We will set our stops below 79.90 targeting 81.40-50

Chartist-Trading

NZDUSD has tested again its previous lows and once more buyers emerged. The daily studies suggest that a short term bottom is in place. Our initial target for the pair is the 0.6900-20 area. The initial resistance at 0.6830 is broken and now offers support. We BUY at current levels with tight stops below 0.6825 for 0.6900 target. Alternatively we will buy again...

Chartist-Trading

AUDUSD has successfully tested the bottom of its channel and previous lows and the reversal candles at these levels suggest that a short term bottom is in place. We are BUERS at current levels but prepared to add more at 0.7105-15 area. If 0.7105-15 is tested again (White scenario in the chart) our target will be 0.7160-70. In case of a breakout of 0.7170 without...

Chartist-Trading

GBPUSD is set to go higher and test yesterday's highs. We BUY at 1.3315-20 setting the stop below the low of the last candle targeting 1.3365-70

Chartist-Trading

EURJPY is testing strong resistance at 128.60-70 area, as it is testing the trendline from November highs. As we mentioned in our yesterday's idea an inverted H&S formation is in the making and a larger H&S right shoulder might be in process at the daily chart. We are Buyers at current levels although it is testing resistance according to the Scenario 1 at the...

Chartist-Trading

EURUSD confirmed our previous analysis (see the link below) and moved to our target area. We will liquidate our profits and we will try SELL orders at 1.1370 and 1.1385. We'll set our stops above 1.1415 targeting 1.1340

Chartist-Trading

USDJPY is testing previous lows at 112.70-80 area and we believe that a bounce from that levels is a possible scenario, as the move shows signs of exhaustion. We will try BUY orders around 112.80 area buying some more at 112.55 in case of a false break. We will set our stops below 112.35, targeting 112.25-30.

Chartist-Trading Updated 

GBPUSD continues to form a sideways formation at the lows. We believe that a breakout of the formation is in the making. We BUY some more at current levels(1.3330). We set our stops at 1.3298 and our targets open

Chartist-Trading

EURJPY is forming a sideways pattern that looks like an inverted H&S reversal pattern. If this assumption is correct the right shoulder is in the making, which means that a move at 128.60 area is possible. We will try this scenario with long positions at current levels setting the stops below 128.75. As you can see at the daily chart that follows, it is possible...

Chartist-Trading

NZDUSD provided a reversal candle at the lows showing that a move back at yesterday's highs is possible. BUY now (0.6805) for 0.6835. Stop at 0.6769