Mihai_Iacob

Mihai_Iacob Dec 3, 2019

After breaking the falling wedge AudUsd rose about 100 pips and now it is in a well-deserved correction. The area around 0.6800- 0.6820 should provide support and a good zone to buy. Strategy: Buy dips around 0.68 figure SL @ 0.6770 TP @ 0.6900

Mihai_Iacob Dec 3, 2019

We have been monitoring NzdUsd very carefully lately, waiting to see if the neckline of the H&S pattern will be broken. Yesterday, after a long consolidation we had a violent break and the pair reached our target of 0.65. At present, the pair is trading around 0.65 and small corrections are likely in the near future. Strategy: Buy dips under 0.65 SL @...

Mihai_Iacob Dec 3, 2019

EurAud has made a double top on 1.63 zone a few days ago. The neckline of the pattern is broken and we can expect the pair to continue its fall Firs support came into place at 1.61 followed by 1.6 Strategy: Sell rallies SL @ 1.6270 Target 1 @ 1.61 Swing target @ 1.6

Mihai_Iacob Dec 2, 2019

On Friday Oil was sold aggressively losing aprox 7% of its value. Now the price is in a well-deserved correction and raised to confirm the ascending trend line as new resistance Strategy: Sell the market above 56.00 SL @ 59.00 TP @ 51.00

Mihai_Iacob Dec 2, 2019

The yellow metal was sold today, negating all the gains from Friday. The price is just above the minor support from around 1450. A break here would expose 1440 and 1400 furthermore Strategy: Sell the break SL @ 1470 TP @ 1400

Mihai_Iacob Dec 2, 2019

The depreciation of Aud from 19 Oct has formed a falling wedge pattern. The resistance of the pattern is broken and we can expect the pair to rise towards the next resistance at 0.6820

Mihai_Iacob Dec 1, 2019

GbpUsd is continuing its consolidation but the tension is accumulating. A break above 1.3 figure would expose 1.32 resistance Strategy: Buy as long as the price is above 1.28 SL @ 1.2750 TP @ 1.32

Mihai_Iacob Dec 1, 2019

EurUsd had a short breach under 1.0990 support on Friday but recovered aggressively suggesting that is a strong demand under 1.10. We believe that this support will hold and we are in the beginning of a next leg up. The first resistance came into place at 1.1080. Strategy: Buy around 1.10 SL @ 1.0970 TP @ 1.1080

Mihai_Iacob Nov 29, 2019

From the beginning of September NadUsd has formed a H&S reversal pattern. Now the pair is consolidating just under the neckline resistance and it seems that is accumulating pressure. A break here would expose 0.65 psychological level and 0.66 for a swing target. Strategy: Buy the market SL @ 0.6360 Target 1 @ 0.65 Target 2 @ 0.66

Mihai_Iacob Nov 28, 2019

After the false break that we mentioned a few days ago, EurJpy had another attempt to break lower but failed. Now is trading again above 120 figure and a daily close above 120.60 would expose 121.50 and 123.00 furthermore Strategy: Buy dips SL 119.50 Target 123.00

Mihai_Iacob Nov 28, 2019

After 4 attempts in the past month, UsdJpy is trading clearly above 109 figure. We expect the pair to continue its rise towards 110.70- 111.00 resistance zone Strategy: Buy dips as close as 109 figure you can SL @ 108.60 Soft target 110.00 Swing Target 110. 70

Mihai_Iacob Nov 28, 2019

We called for a break of the range for quite some time now, and it looks that the pair finally broke the range. As said before, we expect a next leg up and the target is the very important resistance at 144 figure Strategy: Buy dips for 144 target

Mihai_Iacob Nov 27, 2019

From the August top, AudUsd was trading downwards, with 4 lower highs and clear support at 1.6. A daily close under 1.62 would announce a false break and would open the door for the 1.6 important psychological support Strategy: Sell the break SL @ 1.6330 TP @ 1.6

Mihai_Iacob Nov 27, 2019

NzdCad broke the trend line support and now is consolidating above both horizontal support and descending trend line. We expect the pair to move higher towards 0.8650 zone A stop loss should be placed at 0.8480

Mihai_Iacob Nov 27, 2019

Two days ago I was drawing your attention to "sell zone" level at around 1.7150-1.7160. The pair had a brief spike above and reversed aggressively yesterday, finishing the day exactly on support. Now the pair is trading on the confluence o supports provided by horizontal and trend line support. A close under this zone would expose 1.6850 support and the major...

Mihai_Iacob Nov 26, 2019

GbpUsd is ranging for more than a month now. which is pretty normal considering that the pair gained 900 pips in just 7 days in October. We are confident that the next leg will be up, and a break of 1.3 would accelerate gains towards 1.33 resistance zone. Strategy: Buy dips as long as the price is above 1.2750 SL @ 1.2740 Target 1 @ 1.3 Target 2( swing) @ 1.3250

Mihai_Iacob Nov 25, 2019

0.9050 zone proved to be strong resistance for the pair last week. The long term trend is clearly down and we expect a retest of 0.89 support

Mihai_Iacob Nov 25, 2019

AudChf is in a very clear downtrend for 6 years now. After reaching 0.65 zone the pair corrected and reached the important resistance zone just under 0.69. We believe this correction is over and new leg down is underway towards at least 0.65 zone. Strategy: Look to sell SL around 0.69 TP @ 0.65 ZONE