SamKent

SamKent

If the day should close as such, a massive hammer at support+stochastic cross-back signal are enough to warrant a long on this pair. It's important to note though, that the fundamentals for the pair are not as clear, and consequently we'll be looking to lock in profits more conservatively or alternatively opt for a smaller position size than usual.

SamKent

The USD/JPY may be getting ready to start another leg up, possibly forming a three drive pattern of sorts. the 50% and 61.8% fibs as well as the 105 psychological number should be the line in the sand for the pair. Our current long term bias is still to the long side, but a close bellow 104.3 would make us sellers.

SamKent

The pair may be forming a bottom based on a bullish bat formation, support line around the 93.5 handle, and a slow stochastic bullish cross back. This is the zone in which we want to take a position with an r&r of at least 3 to 1 (given it's a trend reversal idea)

SamKent

One of the more important trading rules is to wait for the market to come to you and not chase it. With this in mind, the USD/CAD is currently on its way to form a perfect ABCD pattern on the daily chart. Therefore, we suggest people note this 1.6700 level, especially if the pattern completes at around Christmas time.

SamKent

We're looking to trade this channel breakout to the downside, corroborated by a slow stochastic crossover. Given the longer term nature of the trade, it's important to keep an eye out for the Swiss Gold referendum on NOV 30th, as it can determine the future fundamentals for the pair.

SamKent

The pair is using the 61.8 as resistance now, coupled with the 20 EMA and a bearish engulfing, we're looking to enter short at around market, 1st target at 1.51000

SamKent

With an overbought stochastic, prior support level, 61.8 Fib and poor fundamental outlook for the pair, we're looking for a trigger candle to short.

SamKent

After last week's massive selling pressure, the CAC is holding steady for now. the historic support, psychological round number factor, fib retrace key levels and ABCD pattern, all suggest that we should pay very close attention as to how the market does around this 4000 zone. This zone is really the do or die for this market, as if it breaks the downside...

SamKent

EUR/CAD tried to sell off today, only to bounce back forming a hammer near the 38.2% fib line. This might be an indication of bullish momentum, however we feel that the poor fundamentals for this pair which include coming monetary easing for Europe and good job reports for Canada, coupled with the descending trendline and 38.2% line should serve to more than...

SamKent

Our bias is still to the long side, this is the kind of setup we'd be looking for for the next month or so.

SamKent

The Pair seems to be on its way to the trend line which is backed by the 61.8 fib area, as well as a horizontal support line. The pair is oversold on the daily slow stochastic, but has not yet crossed back from oversold territory. The pair seems to be forming a shooting star pattern, right after yesterday's doji. The Australian Bank seems content with standing pat...

SamKent

Though we are currently experiencing a mini market crash of sorts round the world, it's important to keep the big picture in mind, both fundamentally as well as technically. Technically speaking, the FTSE has completed an AB=CD pattern in fairly picture perfect fashion, so the strong downwards move is not necessarily a total crash but rather an expected technical...

SamKent

The 112.200 support level seems to have held up, coupled with fundamentals that suggest the pair should trend higher, we'd be looking for the downward trend line break on the 4 hourly as confirmation for a long term long position on the pair.

SamKent

GBP/JPY is nearing the support zone in the upward channel on the daily chart. It's also in oversold levels on the slow stochastic, and seems to be forming a similar pattern to the one in early February. In terms of fundamentals, the Pound still looks a lot better than the Yen, the UK's figures are good enough to warrant hiking rates in Q1 of 2015, while over in...

SamKent

The USD/CAD is currently retesting the 50% retracement level on the weekly/monthly chart. Given the two consecutive weekly hammers, coupled with the recent dollar strength, we think there's a good chance that the 50% will give way, if it does it should be a pretty quick move back up to the 61.8 level.

SamKent

USD/CHF is at monthly resistance levels, on a downward channel formation. Additionally, it is overbought on fast stochastic, coupled with the tightening band volatility indicating a consolidation before a significant move. Given the technical situation, looking for a short position seems to be in order. However, the fundamentals aren't crystal clear yet (as we're...

SamKent

The Dax has been suffering much like other equity indices, the figures from the German economy have been noticeably poor as of late. However, the overall trend is still very much bullish, and the ECB's easing program will most likely push stocks higher. Therefore, we're expecting a continued correction, with the market consolidating around the 8150-8500 area,...

SamKent

The AUD/NZD is approaching a major support area on the 2 hour chart, combined with trading at oversold RSI levels, a technical bullish correction is likely, though the overall fundamental trend should remain relatively neutral with fairly weak data from both countries.