long1996

long1996

Daily: The price has once respected the channel boundaries & bounce from the bottom range to the upside. A sustained move below 1.72 would prompt the price lower to 1.7125 & 1.7075. 4H: The price has briefly closed below the 1.72 region. However a proper retest is needed to confirm whether the 1.72 will hold as the new resistance. 1H: The price is seems...

long1996 Updated 

Daily: The price has rejected off the bottom of the downward channel. A rebound may be in order. A sustained move above 1.7125 would target the upside at 1.72 & 1.725. A closed & rejection off 1.7125 would target the downside 1.7. 4H: The price has rally off 1.71 before being held off at the 1.7125 region. A close above would prompt the price to the upside...

long1996 Updated 

Daily: The price has rejected off important support at 108.825 & 108.5 region. The price is also in a downtrend. A close above 109 would push the price above to 109.75 & 110.25. Psychological Resistance 109 is important as it intersect the downward trend line. The price could possibly retest the 109 level & get rejected off it immediately. 4H: A powerful Pin...

long1996 Updated 

Daily: The price has printed a Pin Bar after it rejected the Resistance at 1.72. The rejection at 1.72 also shows that the price has confirmed the breakout of the downtrend. A new Minor Uptrend may be forming. A break above 1.73 would bring the price to 1.74 & 1.75. If a rejection shows on 1.73, the price will target the downside at 1.17125. 4H: The price is...

long1996 Updated 

Daily: The pair is currently in a downtrend. The price has found support on 1.3225 but failed to close above 1.3275. A break above 1.3275 would target the upside 1.3325 & 1.3375. 4H: The price is currently in a strong downtrend. The price is approaching the trend line situated just above 1.3725 region. More confirmation is needed to confirm whether it will...

long1996 Updated 

Daily: Price has found support on the Psychological Resistance 144. A break above 144.75 would target the upper resistance at 146. A break below 144 would continue the descent to 142.75. 4H: The price has been rejected off the 143.5 region and formed a Pin Bar. A corrective rally to 146 is highly probable. However there is a bearish Marubozu just beside the...

long1996 Updated 

Entry: 1.1625 SL: 1.1635 TP: 1.1575 Daily: The pair has tested and rejected off the upper range of downward channel & the 1.1725 resistance. The price is currently consolidating in at 1.1625 support. A sustained move above 1.1625 would push the price to 1.1675 which is the upper range of the downward channel. A move below would confirm the breakout of the...

long1996 Updated 

Entry: 128 SL: 128.4 TP: 127.25 Daily: The Price is respecting the Downtrend. The pair has found support on 127.25 after a strong bearish move. A break above 128.5 would push the price upwards to 129.5 which match up with the trend line. 4H: The pair is currently in a downward channel. An upside break of this channel would see the retest of 128.5 resistance....

long1996 Updated 

Entry: 109.6 SL 109.850 TP: 109.250 Daily: The pair has broken out of the Upward Channel and retested the upper resistance at 109.750 region. The closest target would be 108.750 & 107.500. On the flip side, a sustained move above the 110 mark expose the pair to the previous channel structure at region 110.8-111. 4H: The market has opened with a bullish gap...

long1996

Daily: The price is respecting a downtrend. The price is currently sitting on support 144.75. If the support hold, the price will possible rebound to the upper range at 146 & 147.25. A clear break below would attract more bearish move to 143.5 & 142.25. An inside bar setup can also be seen previously. 4H: The price has broken the support 144.75. A proper...

long1996

Daily: The price has broken out of the downward channel. A more meaningful retest of the channel structure and support is needed to confirm the bullish bias. The price has shown some rejection after tested the resistance at 1.731. A break above 1.731 would target 1.7375 & subsequently 1.75. On the downside, a break below support at 1.725 would push the price...

long1996

Verdict: Bullish for this week. Bearish for the month. Technical: Short-term Bullish. Long-term Bearish. Expect price to retrace upwards as USD retrace downwards. Fundamental: Bearish. Need to pay more attention to news releases Recap: On the previous week, the price has closed above the support 1.20700 after it was rejected off it. On Monday, the price continued...

long1996

Verdict: Fundamentally & Technically Bearish. As long as there's no strong stimulus for bulls, the trend is bearish. Technical: Bearish Fundamental: Bearish Recap: The week started off with the price consolidating at the 150 to 151 region as price tested the support and tried to push upwards on Monday. However, it was rejected at 150.8 before being pushed back and...

long1996

Verdict: Technically Bearish. Pay attention to news released. Technical: Bearish Fundamental: Neutral Recap: On the previous Friday, the price retested the 109 level and hang on to it before the market closed. On Monday, the price pull off from the 109 level and continued its ascent towards the upper resistance at 110 level throughout the next 2 days. On...

long1996 Updated 

Entry: 1.21350 SL: 1.21100 (25 pips) TP: 1.22000 (65 pips) H4: Price has close above the EMA 10 signifying potential upwards movements to the upside. The previous candle has formed a doji signifying indecision. The price would possibly found resistance at 1.21500 level which coincides with the EMA 20. Look for more confirmation on lower TF. H2: Price has...

long1996

Recap: The previous week has been very bullish with the pair showing strong movement on Monday, Tuesday and Wednesday after it broke out of the consolidation box on Monday. However on Thursday its upward momentum was stalled as it failed to break above 109.500. On Friday the price has touched the 109.500 level before it falls back towards the 109 level and close...

long1996

Recap: After a very bearish weeks, the price continued its descent on Monday after breaching the 1.40000 level and eventually closed below the psychological level 1.39500. On Tuesday the price consolidated between the range of 1.39-1.40 and closed above 1.39500. This has prompt the price to continue upward to retest the 1.40000 on Wednesday. However it failed to...

long1996

Recap: The price has broken the 1.22500 level on Monday after being held back on the previous Friday. Price has printed a strong bearish candlestick that close below the 1.22500 level and near the close. On Tuesday, the price has pullback to retest the 1.22500 level but has failed to break above. The price continued its bearish movement on Wednesday towards the...