I'm SHORT USD/JPY for the following reasons: a). Price is back at a confirmed area of resistance last hit on 3rd April and 27th March b). The Andean Oscillator on 15m time frame has seen a rise of the red SELL line and is now reading .0082 having been at .0027 previous candle and .0010 candle before that having been reading zero for several bars. c). Andean...
The price on USd/CHF hit the WR1 pivot 3 candles ago (H1 time frame) and since thenm we've seen 2 doji candles and the current candle which has 15m to complete looks liek it may well be another doji. Doji candles are NOT reversal candles as some think. They are indecision candles. Its clear that WR1 has seen some sustained BEARISH pressure and there is a battle...
I'm SHORT GBP/NZD from 2.1149 for the following reasons: a). R.S.I. is now reading 68 and was over 70 for the last 4 candles (76 last candle). This would indicate that SELLERS are taking the price under overbought. b). The high (2.1173) sits a band of resistance between WR1 and WR2 weekly pivot. Last week this area (2.1042 to 2.1084) saw SELLERS enter the market...
I'm SHORT cable from 1.2632 for the following reasons: a). On H1 price has been rejected by the 100 EMA b). THe 100 EMA coincides with the WPP mid pivot which has acted as stern resistance c). RSI has been decling for several hours d). MACD sees the fast MA crossed down over the slow e). Pivot Point SuperTrend is reading SELL on 15M f). Andean Oscillator sees the...
The price of AUD/CAD is trading above the 200 EMA on H1 having been below for the last 9 or so hours. The 25 EMA is also crossing the 50 EMA north and both these signs suggest were are in or we are entering a BULLISH market on this pair. The price is also above the WPP mid pivot which will act as double support along with the 200. On the Pivot Point SuperTrend...
EUR/CHF has found support from the 100 EMA on H1 (at the open last night) and is heading north. The 25 and 50 EMA'son H1 are together and below the price and this will give strength to EUR/CHF BULLS. The 15M Pivot Point Supertrend is BULLISH and the Andean Oscillator has seen the green BUY signal line cross the red SELL earlier this morning and the green BUY and...
The shocking CAD CPI news released an hour ago (CPI missed by .3%) has seen a sustained period of CAD SELLING and now this BULLISH EUR/CAD strength is faltering as it is across all CAD pairs and we look to be entering a period of SELLING in order to unwind overbought RSI readings. On the H1 time frame we have a potential double top at WR1 though the second candle...
Looking at the last 12 candles on H1 we can see a triple top at a line of resistance at .9228/30 and the last 3 candles all have long wicks forming another triple top and if the current candle continues south, this will be a quadruple top. Its clear that there is an almighty struggle for domination of this pair between the BULLS and the BEARS and with the fast MA...
I've been anticipating GBP/JPY turning BEARISH for a few hours as we've seen the price push through the 200 EMA on H1 and the WP pivot and the signs are that GBP/JPY BEARS are jumping in. BEARISH signals include RSI which was 71 but is now 61 indicating a move south and MACD which is lagging behind (as usual) but signficantly not making any more headway north and...
EUR/AUD has hit a band of resistance under the WPP pivot at 1.6567 which coincides with the 200 EMA on H1. With the 200 and WPP above the price, then EUR/AUD BULLS will have their work cut out to push the price musch higher and this gives us a natural STOP for SHORT trades at 1.6574 (29 pips). However. This trade carries risks as we have few confirming...
EUR/USD is steadily heading south and has been Friday afternoon. Currently the price has pushed through the 25 and 50 EMA on H1 and is now hovering just above the 100 EMA. Its possible that the 100 may support the price so I've set a SELL STOP under the 100 at 1.0910 and if the 100 EMA breaks then this trade will trigger. With the 200 EMA on H1 below the price,...
This pair appear to have peaked at 1.0746 which is inside a band of historical resistance. We've seen the price push through the 25, 50 and 100 EMA's on H1 and we're also under the WPP mid pivot which has failed to halt the BEARS. Key level now is the 200 EMA 1.0693 200 EMA which will most likely offer stern support for AUD/NZD BULLS and though I can envisage some...
The technicals are suggesting that GBP/AUD may be headed north. Yesterday the price the price bounced off WS1 support and we've seen GBP/AUD BEARS push the price back down to this level earlier today where BUYERS have again pushed the price away from this level. Its possible that we may see GBP/AUD BEARS attempt to push the price back to WS1 but other technicals...
GBP/AUD has sold off agressively since late Tuesday and now the BEARS are reaching exhaustion. On H1 the RSI is reading 17.19 so we are well into oversold territory. MACD is also weakening as the fast MA is poised to move above the slow MA which would be a sign that GBP/AUD BULLS are entering the market. However. WS1 pivot sits 14 pips under the current price...
I've just gone LONG on this pair for the following reasons. We've hit WS1 support pivot level and price is now moving away from it. RSI on H1 was under 30 and now its reading 35.45. MACD is still lagging behind but the BEARS strength has reduced significantly. The Andean Oscillator was at zero and has now move away from zero with a reading of .00008. Price has hit...
I noticed a double top and a potential M-Top formation at resisTNCE ON gbp/chf this morning. The neckline of the M-Top has just broken and we have other BEARISH signals. The under used and under appreciated Andean Oscillator has seen the red SELL line move awau from zero indicating the possible entry of BEARS into this market. We now need to see now is the green...
I'm SHORT this pair from .8847. USD/CHF has hit the channel shown. This is a recent area of resistance from 13/2/24. Price has been overbought since yesterday and now it appears the BULLISH momentum of this pair is waning and the signs are that USD/CHF BEARS are jumping on board. Although the Pivot Point SuperTrend remains BULLISH, the Andean Oscillator shows a...
AUDNZD has hit a band of historical resistance that stretches back some distance and is carving out an M-Top pattern with a double top. If the pattern completes we will have a SHORT trade on the break of the neckline at around 1.0662. Both RSI and MACD are declining and the Andean Oscillator is suggesting that the BEARS are taking control as the BULLS position...