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A Potential Short Availability for CADJPY. IDEA: Chart Pattern------- Bearish Flag Breakdown Retest of Trend line as new resistance Confirmation: Bearish Engulfing After retest Targets 1 @ 83.665 2 @ 82.500 3 @ 80.547 Stop Loss @ 85.270 This position looks too ambitious, however anything is possible... Lets roll and...

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Following Elliot Wave Structure, the EURUSD is carving out the ABC corrective structure. The measured move of the next corrective C leg will coincide with the 61.8 Fib level retracement of move 1.18 & 1.12 sub levels which will be between 1.148 & 1.150 zone. The zone also qualifies as a strong supply zone where we will look out for sell signals to short the...

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AUDCHF rallied strongly into the supply zone area. As long as price is capped and does not close above the zone, we prefer to take short positions on the pair as it gives a good risk to reward ration... This is a swing trade... Happy trading and lets see how it unfolds..

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AUDCHF rallied strongly to the supply zone.... As long as price is capped at the zone we will go short.

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The British Pound has gained momentum at todays trading by performing better among the G20 currencies. This is at the backdrop of Brexit headlines about a possible deal agreement. Downing Street has recently sent out a confirmation to news outlets that read: "Cabinet will meet at 2pm tomorrow to consider the draft agreement the negotiating teams have reached in...

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Possible short position in the making. Anticipating price reaching supply zone...

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The Australian Dollar has come under a lot of pressure against the USD since it peaked around July. An attempt for the pair to move higher was made in september but that attempt was met with an overhead supply which caused the pair to tanked. Recently the pair has been consolidating for two weeks within the range of 0.76 & 0.77 region forming a rectangle base....

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EURJPY Completing a double top pattern, thanks to ECB by cutting back its scheme designed to boost the economies of the eurozone. The ECB halve the amount of assets purchases from 60 billion euros to 30 billion euros for another 9 months. This decision has led to a sell off of the euro against its major counterparts and one of the biggest gainer is the yen which...

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The commodity currencies has had good run at the start of this year. The best performer among them is the Australian dollar which has rallied effectively among its major peers. A typical example is the AUDCAD which has rallied since the beginning of this year. With first quarter of the trading year winding up, it seems the bears are now waking up from a deep...

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SWING TRADE: BEARISH ON AUDUSD SETUP: TWEEZER TOP FORMATION ON DAILY CHART With the start of the new year the AUD has had a good run and we believe it was a correction process taking shape, but the run was halted on friday close by a strong bearish candle which also resulted in the formation of tweezer top whilst the bearish candle closed below a tweezer...

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With the Trump press conference break of 4 hour trend line will trigger short sell

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On the AUDUSD hourly a bearish bat formation is developing. the price completion zone is around 0.734 & 0.735. TP 1 @ 0.73169 TP 2 @ 0. 72854 SL will be above the X leg structure

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On the Daily chart of EURGBP, we have a potential long trade at the D leg completion of Gartley Bullish pattern setup. The Price Completion Zone (PCZ) is between 0.83935 and 0.838. However this is only a guideline where we look for setup and opportunity. Potential target at the 23.6 FIB level and 38.2 FIB level. Stop loss below the X leg support structure. Target...

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After the recent dollar bulls, there has been some corrections taking place across markets and it will be interesting to watch the movement of the AUDUSD in this regard. The pair has retraced almost 200 pips of the rundown in November, but has hit an area of overhead supply at the blue shaded area around 0.7500 that coincides with the 38.2 FIB level and the rally...

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The British pound has been gathering momentum recently and the fundamentals data keep showing positive lately. Inspite of looking for opportunity to go long on this pair as the pair has rallied since the flash crash but still below the post Brexit, we are a little bit cautious as OPEC is to meet on November 30 for output freeze deal. Technically, the pair is long...

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The USDCHF has been ranging since february this year and the pair hits its top range again. With price action if the pair trades below 0.99 at its resistance we expect a reversal on the pair. TP 1 @ 23.4 FIB LEVEL @ 0.9872 TP 2 @ 38.2 FIB LEVEL @ 0.97959 SL @ 1.0083

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Lately the pound has sustained momentum based on good fundamental data from the UK. this had seen the pound rallying and breaking above the falling trend line after the Brexit. If the pound sustained its momentum we expect a sell signal into our potential sell zone between 1.289 and 1.302 with a target profit around 1.229 area.

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The USDZAR pair had been trading in a bearish Channel since the start of the year. the pair hits its lowest for the year around 13.1392 from its highest high of around 17.781 last year. The Trump victory had put pressure on some emerging markets currencies such as the Mexican Peso and the South African Rand. The USDZAR rallied from its low of the year yesterday...