Chartist-Trading

Chartist-Trading

EURUSD tested the short term trendline that contains the move from last week's highs and a return to the 1.1570 area or lower is our scenario for now... We keep tight stops above 1.1605 targeting 1.1570-72. The 5 min chart that follows shows how we could enter earlier with the help of Heikin Ashi at a 5min chart.

Chartist-Trading

USDJPY tested for once more the critical resistance at 114.35-55 area forming a short term double top. We believe that the sideways formation will be broken down. We are already short at these levels from our previous trading idea () and we will try new SELL positions at current levels with stops above 114.65, targeting 114.00-05 and 113.80.

Chartist-Trading

NZDUSD tested the critical resistance area at 0.7100 during the Asian session where sellers emerged. We believe that a larger correction could be unwind from here. The break of 0.7065 will give cofirmation. Initial short term targets are 0.7045 and 0.7020. But as we see from the daily chart that follows, the correction from this resistance could be deeper. Our...

Chartist-Trading Updated 

USDJPY is testing for once more the top of its rising upward channel. Besides of the channel the pair is testing multi highs at the 114.35-65 area where we believe that sellers would emerge aggressively. We have opened SELL positions at 114.35 preparing to add more on any new upside towards the 114.55-65 area. We will set our stops above 115.20 for 113.20 target....

Chartist-Trading

USDJPY is testing the upper side of its channel and a retracement from these levels is possible. the 113.00-10 area should be a probable target.

Chartist-Trading

EURUSD. Reversal candles with long tails at previous lows alongside with short term RSI at oversold area, make a reaction possible. Stop 10 pips below the lows and targets at 1.15660 and 1.1570

Chartist-Trading Updated 

AUDUSD is testing critical resistance at the 0.7350-60 area. Besides the hourly readings that we see in the chart, the pair is also testing the basic down trendline that we can see in the Daily attached chart (yellow trendline in the hourly. The move will find us sellers at current levels adding more at 0.7360. We'll set our stops above 0.7385 targeting 0.7315...

Chartist-Trading

EURUSD: A short term trading idea for EURUSD is to open SELL position at current levels for 1.1550 as target. We will use the red candle of the 15 min Heikin Ashi chart that you can see attached below for entry. Stops above the high... Below the 15min Heikin Ashi chart

Chartist-Trading

EURJPY is testing critical resistance at the 136.70-00 area with extreme overbought reading at the hourly RSI. Although this extreme readings show that there is enough momentum to continue higher, we believe that from current levels or slightly higher price should return at the 130.40-50 area for a pulback. We are going to SELL at current levels with stops above...

Chartist-Trading

GBPUSD: The false break of the resistance at 1.3655 and the reversal hourly candle alongside with overbought RSI readings make a retracement towards 1.3610-15 a probable scenario. We will set our stops above the highs targeting 1.3620 and 1.3600.

Chartist-Trading

USDCAD. The pair is approaching critical support area at 1.2420-30. There lies the trendline of the channel that contains the move, previous lows and S1 support from hourly pivots. We will set BUY orders at these levels. We will set our stops below 1.2385 targeting 1.2460 and 1.2485.

Chartist-Trading

EURUSD: The 1.1585 area holds the 89EMA, the trendline that contains the downtrend and R1 pivot. We believe that sellers should emerge if this area is met, so we wait with Sell orders at these levels with stops above 1.1627. Initial target 1.1565 and 1.1530 next

Chartist-Trading

USDCAD: We buy the breakout of the sideways formation for 1.2695-00 target. We set our stops below 1.2585

Chartist-Trading

AUDUSD is breaking out from major support area at 0.7250. If the hourly close is below 0.7235 we will open sell orders with stops above 0.7265 and initial target at 0.1790-00.

Chartist-Trading

GBPUSD. The upward reaction for the pound seems to be over. A small bounce from the support of 1.3575-80 is possible but it will be limited at the 1.3620-30 area. We will treat any upward reaction from 1.3580 area as a sell opportunity especially if the 1.3620-30 area is reached. We will open new sell positions with a clear break with hourly close, below 1.3670....

Chartist-Trading

GBPUSD: The pound is set to go higher according to our analysis. Initial target at 1.3640-45. The support at 1.3570-80 should be able to hold any retracement if our scenario is correct. So, stops should be set somewhere below there...

Chartist-Trading

GBPUSD: The PP0, EMA 89, Fibos and previous tops, mark an intraday support for the pound. The next important resistance area stands at 1.3600-10. We will try long positions the 1.3620-40 area, setting the stops below 1.3570,targeting 1.3590-00.

Chartist-Trading

GOLD: The breakout of the wedge formation that we can see in the chart has open targets higher at 1780 area. We buy at current levels. setting the stops below 1745. Target 1780-85.