Eddied01

Eddied01

The next few weeks to a month we should have a clear break, up or down. Below 1.141 I will remain bearish with a target of 1.05 A convincing break below 1.10 could lead to an accelerated fall to 1.07 See below a posting I did Feb 2018. This view still holds. Who knows the cycle might be completed by Feb 2020

Eddied01

We should see a retest of 1.177 - 1.179 to complete the H&S and complete the consolidation. This should be a great time to go long

Eddied01 Updated 

I will be looking to short any retracements down to 1.07 - 1.08 A break above 1.125 needed to invalidate the short idea for now.

Eddied01

Could se a retest of 1.205 to 1.208 before heading up. This will solidify the consolidation and complete an inverse head and shoulder. See below for more detail commentary and a longer term view

Eddied01

Long above 1.173 Should see a retest of the breakout trendlines. see my previous posting below for more comments

Eddied01

Long above 1.205. The pair is busy re-testing the breakout trendline See my previous posting and comments below

Eddied01 Updated 

If you want to trade conservative go long above 1.225. Long from current levels with a SL at 1.199 it is a low risk trade in my opinion

Eddied01

Gold should retrace to between $1430 & $1440 This would be a great position to go long from again or to add on to your position

Eddied01

It should go long if the pair stays above 0.965 The pair should head back to the 4 hour 200 MA around 0.991

Eddied01

The pair is still in no man's land and my view is still the same as a few days ago with no break either way , yet. I am taking the wait and see approach at this stage. Technically is looks like a short but there might be more upside if I look at the shorter time frames that seems to be forming a bulle flag but the daily candles is not looking pretty from a...

Eddied01

If 1.165 holds i will go long. It might be a long that holds for the next 4 to 6 weeks

Eddied01 Updated 

See below for my long term view from +/-2 years ago. It still stands - with the slow down of global growth oil should make a low below $26 which should complete the bigger correction that is in play

Eddied01 Updated 

I Will be staying with the short and long term trend which is downwards. Short from 57.5 to 58.2 - then wait and see if it can break 61 should it even break 60. See below for a long term view which I posted Oct 2017 - Almost 2 years ago. My view still stand that it will break below $26 in the next 6 to 12 months

Eddied01

See commentary on the graph I am pro the short at this stage but i am keeping an open mind for a potential cup with a handle forming. I will feel more confident once 1.317 is broken with a daily close below this level Keep your eye on the oil price- If WTI breaks below $50 the canadian dollar will show weakness, so USDCAD will make new highs

Eddied01 Updated 

A short term view See below for my longer term view which have been spot-on since Feb 2018. You will also find detailed commentary there

Eddied01

A break to the upside and the dollar will breakdown A break to the downside and the dollar will make new highs. This is a good indicator to determine how to trade risk on and off currency pairs

Eddied01 Updated 

This pair is oversold and just put in the lowest weekly close since 1985! A 34 year low The previous low just post brexit was 1.2166 and the all time weekly close low is at 1.064 in March 1984 Next weekly close levels back in the eighties was 1.1985 , 1.1915. If 1.19 is broken it will go down to 1.12 to 1.14 I believe it will retrace back up from levels close to...

Eddied01 Updated 

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