TheFxChartist_

TheFxChartist_ Updated 

Please see above analysis on Usd/Cad We are seeing signs of weakness across the board with USD and we expect to see a bearish move one way or the other here on Usd/Cad. We have broken our Ascending trend and we have the potential to see the formation of a head and shoulders. With the above in mind it may not come to fruition and we simple may see the market...

TheFxChartist_ Updated 

Please see above analysis on USD/CAD. We are still monitoring this pair for our lower time frame reversal. We were watching today for a potential head and shoulders pattern on the 1 hour time frame however that did not come to fruition. Market is clearly being squeezed and we should hopefully see a bearish set up show next week. On the hourly chart we can see...

TheFxChartist_ Updated 

Please see above analysis on Eur/Usd. There is two ways that we can play this trade out. a) Upon breaking trend on this impulsive leg we could wait for a retest and look for an entry to finish the correction off. b) We can play it safe and wait for the market to break our resistance at 1.137 ish and ride the correction back u to 1.153 zone. Option A is...

TheFxChartist_ Updated 

Please see above our analysis on Gbp/Usd. This pair is showing some interesting price action. We have just dipped below some crucial structure but immediately broke back above and then started consolidating. Price action does suggest an impulse and corrective move has just completed in the formation of a flag pattern which would normally signal to us a...

TheFxChartist_ Updated 

Please see above our analysis on Aud/Usd. We have a high probability set up currently starting to form that we really like the look off. Price at this area did create a fake out previously and this could be a repeat of that outside the consolidating channel. We could however see more downside to our swing low off 0.718 ish. We have a great opportunity...

TheFxChartist_ Updated 

Please see our analysis on Gbp/Jpy. Not a pair I am actively watching but here is our breakdown and key levels for this pair. If an opportunity arises at our structure we will off course consider a trade. Are you currently watching on a potential set up on this pair? If so let me know about it in the comments below. The Fx Chartist

TheFxChartist_ Updated 

Please see our analysis off Aud/Jpy above. This pair has been making some nice movements over the past few weeks and we are looking to further capitalize on this move as they are more clear opportunities to get in on this trade and second and third time. a) You can look for an initial bounce off our support zone back into the dynamic support. Upon seeing...

TheFxChartist_

Please see above analysis off Aud/Nzd. This pair has gone through a nice impulse, correction and we are now in the impulse phase again. We have recently broken the descending channel and we are retesting a key structural level. We are targeting the previous swing high. As always please let me know in the comments below your thoughts on Aud/Nzd and if you...

TheFxChartist_

Please see above our analysis of Gbpusd. We posted a long set up last week for this pair however it appears we were slightly pre-mature with the set up. This should of been identified with the descending daily channel that we are currently in and the bearish flag we identified last week but we missed the descending channel. After identifying this we can...

TheFxChartist_ Updated 

Please see above our analysis on Gold (Xau/Usd) The first thing I want to mention here is I think we all sometimes fall into the trap off over complicating our charts, would you agree? Trying to make it seem like we have some kind of super power and magical edge to predicting where the market is going to go. However what we commonly find time and time again is...

TheFxChartist_ Updated 

Analysis Please see above our analysis of the Canadian dollar index. Importantly we have seen oil hitting the highs the past few weeks and we anticipate this bullish move on oil is starting to become exhausted. This is crucial due to the correlation between oil and the Canadian dollar. It is also worth mentioning that USD/CAD and Crude Oil are negatively...

TheFxChartist_ Updated 

Analysis Please see our above chart on Gold. Our bias is that we anticipate a move back towards major daily structural resistance at 1830. We will continue to monitor gold at each minor structure and enter and exit when appropriate on lower time frames. Tackling this trade we will not be taking one trade and holding rather more multiple trades along the way...

TheFxChartist_ Updated 

Analysis Please see above our analysis and thoughts on Aud/Usd. We are anticipating seeing a short term bearish move to double bottom at the lows and start a decline back to the highs and our major daily structural zone. Will be monitoring the 1hr and 15 minute time frames for entries for our bearish position and then will look for long positions if this...

TheFxChartist_

Analysis Please see above our full breakdown off the GBP index. We are anticipating some GBP weakness and will be looking for shorting opportunities throughout the GBP pairs. Set up remains valid as long as previous support now turns resistance and we will be awaiting further confirmation on the break of the 4hr ascending trend line. As always, I’d love...

TheFxChartist_ Updated 

Analysis We have a longer term view on GBPCAD but for the interim we want to see this lower time frame (4hr) "M Pattern" complete at the neck line. We will be looking for a rejection on lower time frames at the low, entering with stop loss below the previous low and a take profit at the neck line. As always, I’d love to hear your thoughts and what your...

TheFxChartist_

Analysis - Analysing Eur/Usd on the 4hr chart we have identified a descending trend line that the market was respecting during the bearish move to the downside. We were anticipating a break of this trend line and began to look for signs of a reversal pattern to give us confidence we were at the start of a bullish move. Price has since formed an inverse head...

TheFxChartist_

Analysis – Looking at AUD/NZD; we are extremely excited about the long opportunity that is developing and we expect to see a bullish move within the next week or two. Price has broken our major ascending trend line and we are not going through our consolidation phase. A risk entry on this scenario would be at the bottom of the consolidation zone with stop...

TheFxChartist_

Analysis – Looking at Aud/Usd on the daily chart we can see that we have over the past few weeks posted a higher low and also a higher high which suggests we will see the market longer term over the coming month moving towards our Major Descending Support structure area. (0.75 - 0.76). Going down on the 4 hour chart the first thing that pops out to us...