Chartist-Trading

Chartist-Trading

Several studies have found a connection between moon phases and the performance of the market. You can research the internet and you will find many articles on this topic. In the chart above we have marked the Full Moon dates for the past 2 years in order to give you a visual representation of the Full Moon and important shifts in the market. It is impressive to...

Chartist-Trading Updated 

EURUSD continued its downtrend after the downward breakout of the sideways formation and now it is approaching the first important support area for today at 1.1325-35 area. As we can see in the chart, the downward channel and S1 Pivot provide technical support at these levels and a bounce is very likely. Below 1.1330 lies 1.1290-00 where 61.8% retracement is...

Chartist-Trading Updated 

USDJPY continues its sideways formation and our yesterday's idea for a potential H&S pattern didn't came through. Now a double top formation seems to be unfolding. Risk reward for this trade is good, so we try SELL orders at current levels, targeting the base of the formation. Stops could be set above 114.55... We keep the positions small as we have not yet...

Chartist-Trading

USDJPY is forming a sideways formation and we believe that it is going to unfold as an H&S pattern. The right shoulder is in the making which means that price might go a bit higher at 114.10-20 before the drop. We will try small sell positions at current levels adding more at 114.10-15 or with a break of 113.70. Our target will be 113.30-40 area...

Chartist-Trading

AUDUSD is facing multiple technical resistance at 0.7350-60 area. The top of the downward channel, the R1 Pivot, EMA 89 and 50% retracement level from last tops are making the continuation of the upmove difficult without prior retracement. We will SELL at these levels, setting the stops above 0.7385, targeting 0.7315-20.

Chartist-Trading

EURUSD is showing signs of reversal after last week drop. As we can see in the hourly chart price has stalled and formed a sideways formation at 1.1430-50 area, while RSI has already formed an uptrend. In the Daily chart below we can see that the trendline that joins the major lows during the downtrend from June is being tested again. We will ise an hourly close...

Chartist-Trading

GBPUSD is facing multiple resistance at 1.3595-3605 area from trendline, previous base R1 Pivot and 61.8% retracement level from previous High. We expect selling pressure at these levels, so we open SELL positions targeting 1.3580

Chartist-Trading

AUDUSD is testing the top of its sideways formation showing signs of reversal with candles formations and RSI at overbought levels. We are sellers at current levels with stops above the highs, targeting 0.7485 and 0.7475

Chartist-Trading

AUDUSD is testing its first resistance area for today where it meets previous tops, the upper Bollinger Band and R1, showing reversal signs. Stops above 0.7517.

Chartist-Trading

GBPUSD started the week with a correction at the broken trendline and now it seems that the move is over. We will try Sell positions at current levels, adding more at 1.3800. Stops above 1.3825 targeting 1.3730

Chartist-Trading

EURCHF broke out from a sideways formation having as target the 1.0800 area. We buy the pullback at the 1.0735-40 support for the resumption of the move. Stops below 1.0715 Below you can see the 4H chart where the pattern is clear

Chartist-Trading

GBPUSD is testing triple support area at the hourly chart (PP0, trendline and previous top) at 1.3775-80. We believe that a reaction from that levels is probable, so we set buy orders with stops below 1.3750, targeting 1.3810. Clear break of the trendline with hourly close will show that an important top is in place with yesterday's highs.

Chartist-Trading

USDCAD has tested the trendline that contains the downward trend at 1.2370 area. The reversal candles there show that sellers emerged and the picture shows that the pair needs one last leg down towards the previous lows. We are sellers at the 1.2350-70 area with stops above today's high, targeting 1.2320-30 for once more.

Chartist-Trading

AUDUSD has reached its channel top with RSI divergence in the 1H chart. The 0.7480-00 area can provide resistance as there lies September's high and previous tops, We cautiously open short positions at current levels adding more at 0.7500. We will set our stops above 0.7530, targeting the 0.7440-50 area...

Chartist-Trading

GBPUSD. We are sellers at the 1.3825-35 area and we are going to add more at 1.3855. Stops above 1.3865, for 1.3780-90. The momentum of the move is strong, so we keep our positions smaller and we will be searching for buy setups after the correction...

Chartist-Trading Updated 

Crude oil pulled back from the highs, towards the trendline and previous tops that now act as support. The RSI at oversold area during an uptrend gives extra confirmation. We will buy at current levels adding more if a reversal candle occurs. Stops below 81.50 targeting 83.60-70.

Chartist-Trading

AUDUSD Short term BUY with tight stop below 0.7368 for 0.7408 target.

Chartist-Trading

Gold is testing the first important support area at 1755-60, followed by 1747-50. RSI divergence alongside with the price structure indicate that a reaction towards 1775-80 is the moist probable scenario. We buy at current levels and we are going to add at 1750. We set our stops below 1743 and our initial target at 1775.