maccabean

maccabean

The US economy may not be growing as fast as analysts have predicted but the propped up AUD is on shaky ground. Here are the risk variables: 1. Euro economy and risk of deflation. 2. Eastern Europe geopolitics. 3. Chinese slowdown. Stimulus may not work. 4. Australian slowdown. High interest rates make the AUD attractive for carry trades especially Asian...

maccabean

The first indication to be short on the EUR/USD was when the price went above the previous resistance then reversed. Looking at a longer term directional change, we will offer this trading idea with more conviction when the upward trend line is broken.

maccabean

All technical indicators on the 4 hour chart say short the USDJPY 1. Linear regression says overbought. 2. CCI says overbought and falling. 3. RSI says overbought. 4. MACD also shows downward momentum growing Hourly chart shows price moving below the 20 MA. Feedback welcome

maccabean

If the Euro drops through that support, we could see it fall much further. Otherwise, we could see it bounce of that horizontal support and linear regression support, and back into equilibrium. The following upcoming market announcements will be decide its next move.

maccabean

Conclusion drawn by the following indicators: Short term. 1. Linear regression channel tells us that the price has historically headed firmly into buy territory when it passes over the equilibirum. 2. 20 Day moving average at possible turning point. 3. Price has bounced off lower bollinger band. Long Term 1. MACD shows strong momentum into bullish territory. 2....

maccabean

Currently in a bearish trend. As more negative data comes out from China we should see that continue. I follow the Australian markets closely (I live in Melbourne)... I feel ASX sentiment is negative. Downwards momentum is also increasing.

maccabean

1. MACD is showing downwards momentum increasing and decreasing upwards momentum. Histogram showing move into bearish territory. 2. CCI is showing price moving into sell signal with conviction. 3. Bollinger band is tight showing break down or up possible in the near future. 4. End of head and shoulders pattern. 5. 20 day Moving Average starting to fall with price...

maccabean

Reserve bank today gave us no clear indication of the direction of the AUD. Relying on Stochastic RSI, MACD and moving average (hull), there is a good short term trade here.

maccabean

Using fibonacci and triangle pattern analysis, I'm looking to place entry points for my next USD CAD. With this in mind, I've placed a sell stop below the very important 0.764 level in case it drops below that and above the last high I've placed a buy stop. Remember I'm not suggesting the price will break out of the triangle pattern, i'm just looking for levels...

maccabean

Looking for a correction. Upward momentum seems to be running out of steam.

maccabean

NZD/USD monetary policy and cash rate to come out 8 pm GMT. Interest rate is expected to go up .25 basis points and a good possibility of .50 basis points. Traders can set themselves up to take advantage of unexpected announcements by adding a buy stop or a sell stop on either side of the price. The support and resistance lines coming up are constricting...

maccabean

Constricting Bollinger Band signal and squeeze. We have see decreasing volatility for the last few days. We expect a sudden move higher or lower as players jump into the market and consolidation ends. We would be looking for geo-political events in Eastern Europe and market data involving the USD or EUR. Today we have important job market information coming out...

maccabean

This chart tells us that the EUR/USD has moved into tentative buy territory.

maccabean

This chart was produced for those wishing to trade the events in the Ukraine. We see recent severe fluctuation in the price but the moving average is certainly clear. Russia supplies Europe's natural gas. In fact 50% of Russia's immense production goes to Europe which is up to 34% of Europe's supply. 80% of that natural gas goes passes though Ukrainian...

maccabean

We see here a period of indecision with the Doji and the MACD indicator. I'm not saying to go short or long ...perhaps price will move sideways. What I'm saying is to watch this chart for the next couple of candles. My bias is towards the downside with the doji and the resistance line. WIth the AUD/USD superimposed over the AUD/CAD which has a strong correlation,...

maccabean

A lot has been written lately about gold as it pushes off once more from the support of the 1200s. The momentum has been solid, raising the price to 1344 however there are signals that this momentum has run out of puff. To confirm this, we should be closely watching the gold chart over the next few hours and we would be looking for closing candlestick below the...

maccabean

Trade 1: Stop buy at higher resistance line. Trade 2: Limit sell at lower resistance line with stop loss at higher resistance line.

maccabean

On this solid downward trend, there is an opportunity to trade between the support and resistance trend lines, but also an opportunity to take advantage of a breakout which may be looming ahead.