weiloon940718

weiloon940718

The USD index has fallen almost 2.50 from 95.95 to key support level near 93.50 due to weak NFP results released earlier. This causes an market expectation of keeping interest rate steady in this coming June. So will this effect continue until end of June (next FOMC meeting)? My opinion is YES. However, we should not make a guess and lets first see what is the...

weiloon940718

The oil price has come to the key resistance level near 50.00. Now chasing the high price seems not suitable, and we could find a short term selling opportunity at this key resistance level. TRADE IDEA : SELL AT NEAR 50.60 SL : 52.00 TP1 : 46.60 TP2 : 44.00

weiloon940718 Updated 

The gold price can still be considered in short term bear market if the resistance level 1234.30 is not broken. A possible harmonic pattern could be found as shown in graph, and at point D, there is also the FIBO Extension 100.0 (AB=CD), and also FIBO Retracement 78.6, and a broken support which turned into resistance. So we could wait a short opportunity at level...

weiloon940718 Updated 

The price has tested the crucial support level at 1.10987, and the RSI approaching oversold, and stochastic reverse from oversold also. So it is worth to pay attention to the possible long tern uptrend. However, if FOMC raises target rate to 0.50%, then this idea may fail.

weiloon940718 Updated 

The price has reached fibo extension 100.0 (AB=CD), and resistance of 200 SMA at 1.46054 and some bearish candle pattern appeared. Looking for a short opportunity at towards near 1.42000 seems a little bit attractive. TRADE IDEA: LOOK FOR SELLING OPPORTUNITY TOWARDS 1.42000 SL : 1.46500 TP : 1.42000

weiloon940718 Updated 

The price has reached the lower channel line and stop its momentum of falling and retraced. Therefore we could look for selling opportunity at resistance levels: 1) 0.76450-0.76534 (FIBO 23.6 and broken support turn resistance 0.76487), and 2) 0.77342-0.77538 (FIBO 50.0, upper channel line, resistance 0.77490). TRADE IDEA : LOOK FOR SHORT OPPORTUNITY AT...

weiloon940718

AB=CD pattern found in 60 minutes chart, will it retrace or breakout? It is worth to pay attention to this level near 1.11812. We could look for a short opportunity at here with small lots size trade...

weiloon940718 Updated 

THE JAPAN GOVERNMENT AND CENTRAL BANK HAS CLAIMED THAT THEY MAY INTERVENE THE FOREX MARKET ONCE THE JAPANESE YEN IS PRICED TOO HIGH, SO THE JPY COULD BE SOMEWHAT BEARISH FOR A CERTAIN PERIOD. AT THE SAME TIME, IF THE CRUDE OIL INVENTORIES KEEP DECREASING, AND THE WTI OIL PRICE COULD GO FURTHER (PERHAPS STAY AT 50 USD / BARREL, OR ABOVE)., THIS MAY BOOST THE...

weiloon940718

The price is going to test the key resistance near 112.000 where there is FIBO 38.2 and high of 25-4-2016, a high price right before the central bank of Japan who declared that they will keep their monetary policy steady. Will the price retrace at this price level or go further up to second resistance 113.62-114.50? This key resistance 112.000 should be a price...

weiloon940718

EURCAD fails to break the upper channel resistance at near 1.47530 and falls. if oil price is still strong, and EUR remains its weak performance after expectation of raising interest rate in US, then there is high chance to fall further to support level 1.41933 and even aroung point D.

weiloon940718 Updated 

Price has tested key resistance level 1.47000 three times and fails to break it. So it may be a short-term short opportunity there with target price 1.44096(FIBO 38.2), and 1.43323(low of 13 May 2016 and lower support line of channel). Bullish USD after Janet Yellen's speak may also help in this short strategy. Note: Brexit memorandum is around the corner, strict...

weiloon940718 Updated 

There is a key resistance level 1.33100 where there is the FIBO 38.2, FIBO exension 1 00%(1:1), and a high of 24 march 2016. Since the USD may begins its bullish reversal(at least until next FOMC meeting), we could still place a small short position if a reversal signal is to be seen at this level, and this trade only suitable for a short period. TRADE...

weiloon940718 Updated 

There is key resistance level at 1.56000 where there is high of 9-16 May 2016, resistance of downtrend line, and FIBO 61.8. The candle also tested this level for several times and this resistance level is still not broken. So, we could look for a sell opportunity at this level upon a reversal signal. TRADE IDEA: SELL AT LEVEL 1.56000 SL : 1.57000 OR WHEN THE...

weiloon940718 Updated 

AFTER FOMC MEETING, IT IS LIKELY THAT THE FED WILL INCREASE THE FED FUNDS RATE IN JUNE, WHETHER OR NOT THE FOMC WILL ACTUALLY DO, THE MARKET'S EXPECTATION IS THAT IT IS HIGHER CHANCE FOR THE FED TO RAISE THE RATES, SO BUY LOW COULD BE AN OPTIMAL CHOICE, AT LEAST UNTIL EARLY OF JUNE, THEN WE COULD WAIT AND SEE THE OUTCOME OF FOMC MEETINGS. MOREOVER, IF THERE IS...

weiloon940718 Updated 

USDX now comes to a strong resistance at 95.25 and under the downtrend line, it have been reversing from the low of 91.92 since 3 May 2016 with very few significant retracement, so to long the USD we could wait it to dip futher to near 94.633, and look for the opportunity to buy at reversal at this level. If it dips further down, then it could go to the next...

weiloon940718 Updated 

USDCHF has met the key resistance level at 0.99200, where there is the channel resistance, and resistance of high of 16 March 2016 at level 0.99135. SInce the USDCHF has been rallying for about 4870 pips for 2 weeks time without significant retracement, we could predict that it will retrace to the support level near 0.97910(there is FIBO 38.2, and support due to...

weiloon940718

There is key resistance level at 0.99200, where there is channel resistance, and resistance at the high of 16 march 2016 at 0.99135. Since this pair of currency has rally about 4780 pips from 3 to 19 May 2016 of almost 2 weeks time without a significant retracement, we could predict it will undergo a retracement towards support near 0.97910 (where there is...