fxstraderomi

fxstraderomi Dec 16, 2015

The scenarios are quite simple – A 25bps rate hike, with a dovish Dot chart could push the EUR/USD pair lower to 1.0750 levels. A 25bps rate hike, with a hawkish Dot chart (less probability) could push the EUR/USD pair to 1.05 levels. A less than 25bps hike could see a drop to 1.0750 followed by a quick fire correction. The dip could be utilised to initiate long...

fxstraderomi Dec 9, 2015

Pair's 1.0891 (38.2% of 1.1495-1.0517) on Tuesday, followed by a dip below the same in Asia and a recovery to 1.0910 levels indicates the EUR/USD is likely to test the resistance at 1.0994 (trend line drawn from (March low – April low).

fxstraderomi Dec 8, 2015

Enter GBP/JPY long if the pair rebounds from 184.80 support levels. The odds of a better-than-expected UK Oct manufacturing production as pointed out by the manufacturing PMI released in November first week. Hence, the pair could bounceback from 184.80 support. If it does, I prefer entering Long GBP/JPY @ 185.10 Target 186.00-186.47 Stop Loss 184.60

fxstraderomi Updated  Dec 3, 2015

Technicals - Eyes 0.7387 (38.2% R) Aussie’s dip below the inverted head and shoulder neckline, if followed by a 4-hour close above neckline again could open doors for 0.7387 (38.2% R of 0.8163-0.6907). On the other hand, a repeated failure to rise back above the neckline resistance would open doors for a sell-off to the support level of 0.7260. The odds of...

fxstraderomi Updated  Dec 2, 2015

The pair is about to form an inverted head and shoulder formation with neckline resistance at 186.06 levels. GBP/USD is repeatedly finding bids around hourly 50-MA and appears poised to form its own version of inverted head and shoulder, however, Yellen could kill the formation. Hence, long GBP/JPY appears more attractive. trade - Long GBP/JPY @ 185.60...

fxstraderomi Dec 1, 2015

Pair's rise to 5-yr high of 1.0328 followed by a corrective move on Monday and in Asia and Europe today, but a repeated failure to dip below 1.0250 indicates the currency pair could make another attempt at a key resistance at 1.0330. Trade - Long USD/CHF @ 1.0290 Target 1.0330 Stop loss 1.0265

fxstraderomi Dec 1, 2015

Sterling's quick fire rise to near 1.51 levels followed by a drop to 1.5070 despite the horribly weak ISM manufacturing report indicates the cable lacks strength and is likely to move towards 1.50 handle. The turn lower from near 1.5 levels after the ISM figure also marked a failure to sustain above 1.5087 (61.8% of Apr-Jun rally). Trade - Sell GBP/USD @...

fxstraderomi Nov 30, 2015

GBP/JPY pair monthly chart shows the pair is closing above the 50% fib retracement of 183.97. I see a good long GBP/JPY trade once the pair drops to 183.97, followed by a nice recovery above the same. such a recovery shall could also mark a short-term bottom in the GBP/USD pair.

fxstraderomi Updated  Nov 30, 2015

Euro's dip to 129.81 followed by a rise to 130.20 along with a bullish hourly RSI and bullish break on the hourly chart above 130.15 (trend line resistance) indicates the pair could make an attempt at 130.70 (trend line - July low-Sep low). Prefer entering into long trade around 130.15 for a target of 130.70 with a small stop loss of 120.90

fxstraderomi Updated  Nov 30, 2015

USD/CHF's failure to re-test Fri's high of 1.0328, followed by a dip to 1.03 along with a overbought RSI on the 4-hour timeframe indicates the spot could re-test the Jan 2015 high of 1.0240, followed by a sideways action before making another attempt at 1.0330 (long term trend line resist). Trade - Sell 1.03 target 1.0240 stop loss 1.0335

fxstraderomi Nov 30, 2015

USD/CHF failure to re-test Fri's high of 1.0328, followed by a dip to 1.03 along with a overbought RSI on the 4-hour timeframe indicates the spot could re-test the Jan 2015 high of 1.0240, followed by a sideways action before making another attempt at 1.0330 (long term trend line resist).

fxstraderomi Nov 29, 2015

Nice short ahead.

fxstraderomi Nov 29, 2015

Needs a monthly close above the Strong resistance at 1.0330. MOnthly close above the same would be bullish, but overbought on daily chart, so possibility of a minor correction.

fxstraderomi Nov 29, 2015

USD/CHF took out 2015 high last week and rose to its 5-year high. However, the spot faces a strong resistance at 1.0330 (triangle resistance). I would prefer waiting for a monthly closing, before taking a decision on whether to go long or short. Another point to note is, the pair appears overbought on the daily chart and hence stands exposed to a technical...

fxstraderomi Updated  Nov 27, 2015

Long GBP/USD @ 1.5088 Target 1.5130-1.5150 stop Loss 1.5060 Rationale repeated failure to stay below 1.5087 (61.8% of Apr-Jun rally), along with higher lows 1.5053 (Nov 24 low), 1.5056 (Nov 25 low) and 1.5066 (Nov 27 low).

fxstraderomi Updated  Nov 26, 2015

Correction: Entering Long GBP/USD @ 1.5079 Target 1.5130-1.5150 Stop loss 1.5050 (mentioned in chatroom an hour back).

fxstraderomi Updated  Nov 25, 2015

Long GBP/USD @ 1.5100 Target 1.5160 Stop loss 1.5075 rationale: US data weak: personal spending weak, core PCE stalls m/m. GBP/USD bounced off 1.5087 (50% of Apr low-Jun high).

fxstraderomi Updated  Nov 25, 2015

Sell gBP/USD @ 1.5087 Target 1.50 stop Loss 1.5125 the daily RSI remains below 50.00, but still above oversold territory. Tpair is likely to see a renewed selling pressure around the hourly 50-MA at 1.5117, leading to a break below 1.5087 (61.8% of Apr-Jun rally). Failure to sustain above 1.5087 would open doors for a drop to 1.5027-1.50 levels.