maccabean

maccabean

The break below the upward trending line is good enough of a signal to enter into a short position, however if you add to this a fall into the channel from overbought levels, plus a possible impending MACD crossover, you have a very good selling signal. The best time to enter might be once the price falls below 0.76.

maccabean

If it crosses above resistance, I'd bet a 75% that the equity drop is over.

maccabean

Here is an upside down head and shoulders forming. Potential issue with this is crossed over MACD. I'd like to have a few more days to see if there is any further upwards momentum. Target is the 100 MA that the price bounced off earlier last year.

maccabean

Looks like there might be a declining double tap on the MACD line. This from my experience is very bearish. Where you have a declining line, there is almost a crossover, but only touches it instead and keeps falling. The opposite is true as well. CCI also shows falling price below channel. This is also bearish if it breaks below. In any case, target the 1.05...

maccabean

Profit targe is 1.45 Stop loss 1.52 EUR/CAD is trading at top of range with resistance between 1.52 and 1.55. This is where the CAD is oversold at the present moment. Linear regression on both the 100 and 200 period tells me that the price has room to fall to about 1.45 to 1.40. On a fundamental basis, CAD will be threatened by the price of oil drop but I fail...

maccabean

Looking to sell this at the right opportunity. Specifically if it breaks support, if it bounces up again, looking to sell at resistance. In either case, JPY as a safe haven will rise dramatically if stock market sees volatility to the end of the year.

maccabean

As you can see there is a declining overall trend but it's bouncing between the support and resistance lines. Here is a good idea to trade off the bounce. Overall, I see more likely a break above the resistance as SNB makes efforts to devalue the Swissie

maccabean

Plus positive overnight swap means you benefit from being patient. Take care of volatility though leading up to end of year and Fed raising rates.

maccabean

Macd rolls over as price approaches mid range support. A drop below this opens up the price to stronger support. A drop below this and we are looking at a mid .60 handle. MACD is one of the most reliable indicators that is extra strong when used in the context of other indicators.

maccabean

It seems the finance minister has been abruptly removed. Replaced with a little known politician. The rand seems to have dropped significantly, more so than reasonable and so I would say its devaluation is overstated. The fundamentals remain the same.

maccabean

Stop loss below the support. Considering the SNB is easing and the GBP is tightening, plus a positive overnight swap offers an attractive buy proposition. Possibly better value than the USDCHF

maccabean

Following on from my previous trade of the day, I would add to the existing sell position at the current levels as long as the break below the immediate support is maintained.

maccabean

The way I see it, is that equity markets, specifically the Nasdaq, are steaming up the hill, though momentum is declining fast. In fact, the momentum indicator plus Commodity Channel Index show clear divergence. I predict that it will hit the all time high, perhaps even go a little beyond that, but as the net flow of funds are moved from equities to interest...

maccabean

USD/CHF will bounce off declining support lines. I'll be happy to wager my next pay cheque on this one. Buy as the price declines further. Ideal area to purchase would be about 0.98386.

maccabean Updated 

Everything on the chart.

maccabean

This is the first of my daily calls. I have a good track record so I think I can start to offer these. One trade every day. They will be simple. They will be profitable. Feedback appreciated.

maccabean

Any break above the 13 year resistance line, and it'd be very hard to predict where the rally will end. In any case, I'd expect the price to hit the resistance areas, consolidate and continue up as Jordan considers a response to increased ECB action. I expect that he will deepen negative interest rates to ward off EUR/CHF depreciation. The Swiss economy is...

maccabean

I see a number of technical indicators that support USDCHF moving up. The fundamentals also support declining CHF strength. The most convincing is the DMI with the red line convincingly moving up above the other indicator lines.