SamKent

SamKent

We're following the GBP/CHF on the 4H chart. The pair has formed and broke a bullish flag, current projection suggests a shift in market momentum may be coming up at around the 1.536 level.

SamKent

The GBP/USD broke down from the Kumo, it is now retesting the flat kumo bottom, and the kijun sen resistance line. The pair is trading at RSI equilibrium, and is slightly at higher levels on stochastic. All in all, we like taking trades of this nature, trading with-the-trend, at a point of market equilibrium, with a clear stop above the kumo level, and a clear...

SamKent

Looking at the Daily chart of Silver, we can see an impulsive bearish move, followed by a wedge continuation type pattern. We have since broken the wedge to the downside for a further drop, with that in mind, the pattern's projection is at around the $12.57 per ounce level. This is our current suggested target area for those who are already short, and would also...

SamKent

The USD/CAD is still in bull momentum in the shorter and medium term. However, looking at the weekly chart, we can see we're fast approaching a key zone. This zone is at around the 1.1600 to 1.17250 handle, and is both a major supply zone as well as the 61.8% of the big 09-11 down move. Therefore, we'd be looking for a longer term short at these levels. In this...

SamKent

The AUD/USD 1H chart is showing a clear example of a breakout, followed by a corrective sequence back to the previous breakout level. In terms of shorter term momentum, the pair is looking very bearish indeed, as illustrated by the fact that the recent big selling candle was the equivalent move of what recently took 6 selling candles to achieve. Therefore, a break...

SamKent

The AUD/NZD has reached a demand level, and looks to be in the midst of a possible bounce higher. We'd be buyers on a break of the descending trend-line, aiming towards the 1.09980 level as a profit target, with a stop just below the recent swing low. Alternatively, if the trend-line holds, and the pair trends lower, we'd be interested buyers on a round trip back...

SamKent

We've outlined a possible bullish breakout of a head and shoulders pattern on the GBP/NZD 1H chart. This being the case, price has since dropped somewhat, however, this is still a bullish indication for us, so our bias is to the upside and we're following this market for buy signals.

SamKent

The USD/CAD is correcting post bearish impulse. By the looks of it, we may be in the process of forming a bearish flag continuation pattern, of which the projected mesurement coincides with the previous major support at around the 1.1900 level.

SamKent

The AUD/USD is in the course of an impulsive move downwards; the pair is looking to break the kumo to the downside, it is also trading at RSI<50 and is pointing down in terms of momentum. We're bearish on the pair, however, we don't want to sell so close to the highlighted supportive zone and in oversold stochastic conditions. Therefore, we'd like to see the pair...

SamKent

The AUD/JPY has broken the kumo to the upside; In addition, it has broken a longer term descending trend-line. The pair is also trading with RSI>50; putting it all together, we're bullish on the pair, but we would first like to see the resistance at around 101.345 being tested. At that point, selling may pull the pair back towards the kumo breakout level at around...

SamKent

The AUD/NZD has broken down, followed by a retracement back to previous levels. We see this price action as a possible XABCD bearish zigzag formation, which coincides nicely with the support&resistance area at 1.08200 as well as the 50% fib. Given these considerations, our bias on the pair is currently to the downside. That being said, the pair did post some...

SamKent

The GBP/NZD is looking to break the long term descending trend-line; we see this breakout as a bullish signal, however we think the resistance level ahead may cause some selling. Therefore, we've outlined our general framework for the pair. We'd be willing buyers on a pullback towards the ascending trend-line, and willing short term sellers at the 2.026 resistance level.

SamKent

For medium term technical traders of the EUR/GBP, here are some price levels we'd be paying closer attention on. We at Investing Academy always advise our traders to be ready for the market to reach their predesignated levels, rather than getting into the business of chasing the market and forcing traders.

SamKent

The Structure of the AUD/USD 4H chart is appealing to us. We're looking at a quite orderly down-trend, which supplies us with a reasonable looking entry. Our entry point is around the 0.8560 level, a level which has acted as support and resistance before, which coincides with the 50% of the beginning of the latest zigzag downwards. Our stop will be just above the...

SamKent

The USD/CHF is trading at a point of equilibrium, as can be seen by the fact that it's trading inside the Kumo cloud, at the Kijun sen and near RSI=50. The overall structure of the market is bullish, with an ascending channel, in which we're currently at supportive levels. All things concluded, we're buyers on a break of the kumo and recent triangular formation,...

SamKent

The GBP/USD is rallying, but the overall structure and overall trend of the market is still very bearish. With that in mind, looking at the 4H chart, our desired point of entry will be at a confluence between the long held descending trend-line, the 38.2% of the latest bear wave; the support and resistance+psychological factor 1.5800 level. Finally, we'd like to...

SamKent

The USD/CAD is trading at a well defined support and resistance level, coupled with oversold stochastic and a good kumo future in supportive terms, and a clear up trend, we're happy to take a long position on the pair, with a tight stop and a plan to move it to break-even when we meet the latest swing high levels.

SamKent

The EUR/USD is looking to break a bullish flag, providing an opportunity to long the pair with the target back at the 1.2553 highs. This would complete an ABCD pattern, on the back of the 61.8% retracement holding. Ultimately, at that point, we'd be interested sellers, as we don't believe this pair has the legs to go on a bigger bullish move.