SamKent

SamKent

Looking at the Weekly chart of Gold, we can see a descending triangle formation, the base of the pattern has been broken only to reverse back, and now we're getting another breakdown. This is a key moment for the long term gold outlook, if we break the recent lows, the pattern will be officially broken, and as such the basic projection will be a drop to around the...

SamKent

The GBP/NZD is trading at a point of equilibrium with a slight directional bias to the upside. The pair is using the kumo as support, as well as the 21 and 8 EMA's, and in addition is holding above 50 readings on the oscillators. The pair is currently in a symmetrical triangle formation, and thus we're looking to buy a bullish breakout of this pattern, confirming...

SamKent

The CHF/JPY Daily chart is exhibiting some buying potential. We're looking at an impulsive up move, followed by a corrective down move back to the 21 and 8 EMA's. We may be looking at a rejuvenation of the upside capability as indicated by the stochastic pointing up, as well as the possible sideways basing as a conclusion of the downside correction. We favour a...

SamKent

We're looking at this descending triangle on the EUR/NZD 1H chart as a good selling opportunity, backed by overbought stochastic readings, as well as an overall bearish market structure, with a preceding impulsive wave down prior to the descending triangle forming. Projection has targets at around 1.5600 level.

SamKent

The GBP/JPY 1H chart is consolidating in what appears to be some sort of a wedge formation. The overall directional bias is to the upside, with the RSI holding above 50 thus far, and stochastic being near overbought, we're looking for a break to the upside.

SamKent

The USD/SGD is in a strong up-trend on the 30M chart. We're liking this zone for a buy, with price trading around the trend-line support, the 50% fib retrace, and with indications from both RSI and Stochastic that the counter-trend move may be exhausted.

SamKent

The AUD/USD is in a down-trend, and we're looking at a divergence between price+RSI and Slow-Stochastic. Therefore, we're interested sellers, with a stop just above the upper descending line, and targets down at the bottom of the channel range.

SamKent

The EUR/AUD is looking bearish, with an impulsive wave down followed by a sideways correction. A break of the flag pattern should send us back to the 1.46500 area, according to the flag projection, as well as the support and resistance zone at that level.

SamKent

the AUD/CHF 30M chart has seen a flase bearish breakout of the sideways consolidation. This kind of false breakout is generally a bullish signal, this also coincides with the direction of the previous impulsive move. Therefore, we're currently looking for a bullish breakout of this formation, which should send us higher.

SamKent

Looking at the AUD/NZD in timeframes ranging from 5M all the way up to the 1W, shows us a clearly down-trending market. We're just looking for anywhere to short, so on whatever time-frame you like trading, keep an eye out for possible shorting patterns to enter the overall market direction and trade with the flow.

SamKent

The GBP/CHF 30M chart is indicating a possible directional shift. The pair has formed a descending triangle/wedge formation of sorts, with the bottom currently looking to be broken down. The next significant support zone is all the way down at the 1.5160 level, so we see this as a reasonable shorting entry area, with a fairly tight stop and a healthy reward margin.

SamKent

We're getting a bullish breakout of the descending line on the NZD/USD 1H chart. We're interested in buying the pair in general, but not before it clears some proximate resistance hurdles, so we have it on our watch list. The general plan is to see these resistance levels cleared and to wait for a pullback and retest of them before entering long.

SamKent

The USD/SEK 1D chart is in an accelerated bull trend. Both oscillators are at overbought readings, so we expect some sort of correction in the near future. Given this, we're looking at the 7.400 to 7.500 area as an interesting buying area, combining both trend lines as well as the 50% retrace of the latest bull wave. We'd like to see the oscillators return to...

SamKent

Oil is trading in an interesting way on the 1H chart. It's sitting at a point of equilibrium between buyers and sellers, as indicated by both RSI and Slow-Stochastic readings of around 50. Looking at the overall market structure, we can see oil had a highly impulsive move downwards, but has since been consolidating in a wedge type formation. The interesting aspect...

SamKent

The NZD/JPY has broken out to the upside from a flag continuation pattern on the 4H chart. We're interested buyers, and we'll be looking for a slight pullback into support for our entry. The general idea of the trade is to follow the flow of the market and trend, so we plan to trail stops while heading higher.

SamKent

The USD/CAD is in a clear up-trend. When taking a look at the Daily , 4H and 1H charts we can spot a possible trend continuation entry. In the daily chart we got a big bullish impulse, followed by sideways movement,which generally indicates a probable bullish continuation. Looking at the 4H chart, we notice a possible bullish flag continuation pattern. While in...

SamKent

The GBP/CAD has recently broken down the kumo cloud during an impulsive bearish move. The pair is currently consolidating in what seems like a flag pattern. We're looking to trade with the flow and direction of the market, thus we're short the pair, aiming towards the projected breakdown of the flag.

SamKent

The EUR/GBP is falling on the 1H chart. We're waiting for the pair to show some bearish exhaustion at the signified 0.78510 demand level. The deeply oversold readings on the RSI and slow stochastic gives some more merit for some bulls to push the pair back a little, our target will be the 0.79000 handle.