The Aussie had a sell down last week and whatever bullish bias i had is invalided. So where can we look to sell some Aussie?
Has the Aususd bottomed out?
Eurjpy has been in a nice steady uptrend. Find out where i’m looking to long in this week’s Forex Analysis.
Had request for analysis on the Eurjpy so here it is. I do not have any setup on this pair but here’s my take on it. It’s in an uptrend but the strength of it appears to be waning. Look at the impulse move and you’d notice it seems lethargic because it breaks the previous high […]
We have a bullish engulfing pattern on the weekly charts. However looking at the daily, we see resistance coming in at 0.8475. Thus if price can break and close above that level, i will look to long on pullback. A typical fakeout setup. Notice how price tested the 1.4800 and was rejected. Then it consolidated […]
Throughout your trading career I’m sure you would have come across trading gurus. Below are the category of these so called ‘gurus’ I encounter regularly and hopefully you can detect when you see one. Hindsight guru These group of trading gurus tend to post regularly. However all of the setups posted are after the fact. […]
We can see that Usdchf is trap within a 900 pip range. And we know that in a range, we buy support sell resistance. I will look to get long in the green zone as close to the 0.9000 as possible with stops below the swing low. Take profit will be around the 0.9900 area which […]
Support & Resistance are one of the most important aspects of technical analysis but often I see traders doing it wrongly. Imagine you have a chart filled with SR like the one below. Do you know which levels to pay attention to? It’s filled with nothing but lines and it doesn’t seem to make much meaning […]
Fundamentally, the Euro is weaker than the Aussie. Thus over the longer term, i’m expecting the Euraud to further depreciate. Looking at the chart below I’ve identified a level to go short and possibly riding the move further downwards. We’ve had a nice rally on the Gbp is recent days. Thus i’m looking to get […]
Here is why i think the Audusd may have bottomed out. However i will look for longs only when the 0.9300 level is cleared. Bat pattern completion on Cadjpy If price forms a bearish pinbar or engulfing pattern, i will look to short this pair. Gbpjpy is in a nice steady uptrend. Any pullbacks to […]