Foreign_Teej

Foreign_Teej

EUR/NZD JUST HAD THE 5 EMA CROSS THE 20 SMA ON THE DAILY CHART. USUALLY WHEN THIS HAPPENS WE SEE HUGE MOVES TAKE PLACE. IT CAN MOVE PRICE ALL THE WAY TO THE NEXY MAJOR SUPPORT WHICH IS OVER 300 PIPS DOWN. WATCH THIS PAIR CLOSELY AND IF A TRADE IS TAKEN USE YOUR STOP LOSS TO MANAGE RISK.

Foreign_Teej Updated 

EUR/USD IS STILL IN ITS TREND AND CAN GO DOWN A LITTLE FURTHER TO SUPPORT TO HONOR ITS TREND. AFTERWARDS WE SHOULD HAVE A GOOD BUY WITH PRICE REJECTING SUPPORT.

Foreign_Teej

AFTER APPROACHING SUPPORT IT LOOKS AS IF IT STARTED REJECTED THE PRICE. WE NEED A FULL REJECTION TO TAKE THE TRADE. MORE SPECIFICALLY A BULLISH CANDLE ON THE DAILY WOULD BE THE GREEN LIGHT TO ENTER. SET STOP-LOSSES UNDER SUPPORT AND TAKE PROFIT AT THE NEAREST RESISTANCE

Foreign_Teej Updated 

GBY/JPY LOOKS TO BE LOSING MOMENTUM AND CAN BE THE START OF THE BULLS COMING IN. WE SHOULD SEE THIS WHEN IT STARTS APPROACHING IT SUPPORT LINE AND HONORS THIS MARKET BOTTOM.

Foreign_Teej

LOOKING FOR A REVERSAL. ON THE DAILY CHART IT SHOULD START HEADING TOWARDS THE TOP OF THE ICHIMOKU CLOUD. SWING TRADE

Foreign_Teej

EUR/AUD IS ON THE BEGINNING OF A GOOD DOWNTREND. THE WEEK AND D1 CHART SHOW THE START OF BEARISH PRESSURE.

Foreign_Teej

LOOKS TO BE FORMING A DOBULE BOTTOM ON THE DAY CHART. THIS RETEST OF SUPPORT YEILDS ALOT OF PROFIT

Foreign_Teej Updated 

Bounced off the bottom of the trendline. Soon should gain momentum and should head upwards to honor its trend. Nice swing trade

Foreign_Teej Updated 

Gold can still drop down further to around the 1267 price which is right around support.

Foreign_Teej Updated 

NZD/JPY JUST HIT A RESISTANCE ON THE 1HR TIMEFRAME. IT SEEMS AS THO ITS GOING TO HONOR ITS SMALL TIME FRAME TREND AND REJECT THE PRICE.

Foreign_Teej Updated 

USD/CHF HAS APPROACHED ITS RESISTANCE AND WITH OUR SHORT POSITION WE ARE EXPECTING MORE DOWNWARD PRESSURE AND TO TAKE PROFITS AT ITS FIRST SUPPORT LINE.

Foreign_Teej

GBP/USD IS LOOKING FOR A REVERSAL. ITS CONDITIONS ARE OVERSOLD AND CAN BE SEEN TO HAVE STARTED LOSING BEARISH PRESSURE.

Foreign_Teej Updated 

CHF/JPY LOOKING FOR A BUY FOR AROUND 50 PIPS. THERE IS A LOCAL RESISTANCE THAT IT SHOULD STOP AT AND EITHER DO A SMALL REJECTION AND THEN RETEST. THE HIGHEST PROBABILITY TRADE SETUP HOWEVER WOULD JUST BE TO OPEN A LONG POSITION TO THIS RESISTANCE AND SEE WHERE WE GO FROM THERE.

Foreign_Teej Updated 

Gold is in the “handle” of the cup and handle pattern and wasn’t able to break the trend. We should see it retrace back to major support and then retest that trendline

Foreign_Teej Updated 

Gold has been trying to push through this support and has had little success. Waiting for it to touch the support to buy. Banking on a rejection.

Foreign_Teej Updated 

EUR/USD has been trading in a large downtrend and is looking for a big move. It can keep trading in its current perfect downtrend with small buys and larger sells or it can break the trend and we will see it make a total reverse or it will have new monthly lows.

Foreign_Teej Updated 

Gold is making a new side ways trend on the 30min - 1 hr chart. Good movements for a scalping trade

Foreign_Teej

GOLD MAY REJECT PRICE AT THE RESISTANCE. IT CAN BE A VERY SMALL BUY BUT OVERALL A BETTER SALE. BEST TO WAIT FOR THE PRICE TO REACH RESISTANCE.