fiso

fiso Updated 

Seems the gasoline within the USDCAD bulls is running out. Time to shift the batton to the bears. Sneaking in a sell order at 1.326 with a target at the accumulation zone around the 1.305 area Trade according to your trading plan and risk

fiso Updated 

After a considerable run on the GBPCAD, the bulls seems to be loosing steam or out of gas. This has led the pair to be showing possible head and shoulder within a broader double top. These patterns however shows weaknesses in an asset and a possible change in direction. However, the pair needs to clear some supports along the way to confirm the head and shoulder...

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After the december sell off, the USDCHF has been on our radar and we think its at a turning point.. the pair has made a double bottom and gave a key reversal yesterday close @ 0.97300. we believe per the virtue of double bottom that signifies trend change with a key reversal, we think the pair has a high probability to gather momentum upwards.. BUY STOP @...

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The EURCHF recently nosedive within a bearish channel.. The recent Double Bottom formation suggest to us that the bears will be changing guards for the bulls to take over. The Double Bottom formation and breakout of the bearish channel gave us a strong conviction to go long. ENTRY @ 1.09531 TARGET @ 1.1102

fiso Updated 

EURUSD is trading in a bearish channel within a Head and Shoulder pattern with the pair rebounding around the lower boundary of the bearish channel around 1.0900/21 forming a support base. The rebound however encountered a supply zone area between 1.106 and 1.109 where sellers brought the pair down where it produces a bearish pin bar on the daily chart on...

fiso Updated 

After an extensive rundown of the USDJPY, the pair has rebounded and showing possible sign of reversal on the daily chart by producing a Double bottom pattern with the neckline corresponding with 106.80 area. The pair close above the neck area of the Double bottom which calls for our interest to go long. Action: Long position @ 106.97 Targets: 1 @ 108.00 ...

fiso Updated 

AUDCAD has been trending lower for the past five months. This lower trend has carved out a bearish channel and the last couple of weeks has seen the pair bouncing off the lower band of the bearish channel. This has carved out a double bottom yet to be confirmed.. This however has given as two scenarios on how to approach AUDCAD. The first scenario is for us to...

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The USDCAD has been on ascendancy for the past couple of years until the early year of 2016 when it peaked out @ 1.467 area. it has been making lower highs since it peaked out at 1.467 area and any advancement had been capped and met by supply at 1.3645 area. This has led to an emerging symetrical triangle formation... Recent price action has produced and...

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After extensive bear run on the risk sensitive pair, the EURJPY is starting to show signs of imminent reversal.. After wednesday breakout of support @ around 120.70, the pair bounced off strongly to produce a bullish engulfing pattern and closed back above the support. This we believe that the risk sensitive pair is not yet ready break below as is also evident on...

fiso Updated 

After a considerable bullish run for the EURAUD to its peak it has carved out a double top or M pattern.. After the pattern had been breached we believe the pair is in a reversal mode has the potential to move downwards. Yesterday price action carved out a bearish pin bar close to the support of the double top or M pattern which is now acting as resistance. The...

fiso Updated 

After a considerable move down and the flash crash the CADJPY pair has tried to recover from the bearish trend. With evidence from the price action so far we believe the pair has formed a support base and about turning upwards. With the formation of Head and shoulders it therefore cements our conviction that this CADJPY has a huge potential to move upwards.

fiso Updated 

Something interesting is happening to gold and traders must be aware.... The trading range for gold is becoming narrow and getting ready for an imminent burst.... After posting a yearly high @ 1345 area per ounce on 17/02/19 gold has rolled down massively and currently trading around 1282..... As it stands gold is giving us a gridlock to position ourselves if...

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EURCHF ROLLING DOWN

fiso Updated 

1. Breakout of ascending triangle trigered a move lower of about 680 pips from december 18 2018 to january 3 2019 flash crash. Technically, USDJPY is bearish. 2. Previous support turns resistance by the breakout of the ascending triangle. 3. Recovery of the flash crash of January 3 2019 breached, creating new levels of demand and supply. 4. price currently trading...

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EURCAD has carved out what most traders would termed as head and shoulder. By text book definition, head and shoulder is a reversal pattern and the objective of a head and shoulder is the distance of the head to the neck area.. Therefore EURCAD head and shoulder in the making provide as with a 741 pip movement from the head to the neck area... Please note that the...

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After a considerable long bear run for the EURUSD, it bounced from a strong support yesterday and closed higher into the close above 1.1300 level.... this a respite for the bulls to take over... as we expecting a pull back before the bull run to around 1.5000 and a stop level of 1.1200 Lets see how the trade unfolds...

fiso Updated 

A Potential Long Availability for CADJPY. IDEA: Bullish engulfing formed on weekly chart Hammer formed after extensive bear run on daily chart Bullish engulfing follows hammer on daily chart Confirmation: Bullish engulfing after hammer Targets 1 @ 82.51 2 @ 84.365 Stop Loss @ 79.6 This position looks...

fiso Updated 

EURJPY is at a critical point. With the BOJ scheduled on Thursday we are therefore on wait and see mode to see what will happen before committing any capital to EURJPY. However, we have mapped out a couple of strategies to capitalise on. A daily close below 127.900 below the rising trend line may sink the pair and take it southwards. Target 1 @ 126.758 Target 2...