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Cad-chf

CADCHF Approaching Resistance, Prepare For A ReversalSell below 0.7708. Stop loss 0.7777. Take profit at 0.7524. Reason for the trading strategy (technically): CADCHF is approaching its resistance at 0.7708 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 0.7524 (50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 99% where a corresponding reversal is expected.
Short
by theforexarmy
AUDUSD bullish turn near 0.7175/0.7200 levelsThe AUDUSD could be progressing lower into Wave B as discussed yesterday. It is trading around 0.7210 levels at this point in writing, expected to bounce from either 0.7200 or 0.7175 levels respectively. Please note that 0.7175 is fibonacci 0.618 support of the entire previous rally between 0.7085 and 0.7300 levels respectively. Looking into the wave structure, it can be said with more probability that AUDUSD could be carving Wave B for now, before Wave C rally could resume higher towards 0.7370 and 0.7500 levels respectively. At a larger degree, the AUDUSD pair could be producing a 3-3-5 flat wave structure. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
1
EURUSD expanded flat in the making nowThe EURUSD broke below its immediate channel line support towards our projected direction. It is seen to be trading around 1.1647 levels at this point in time and could lead to further drop towards 1.1590/1.1600 levels going forward. Looking into the wave structure, an expanded flat is most likely being carved out at the moment and the projected termination points could be between 1.1500 and 1.1600 levels going forward. With a few pips remaining on the down side after having taken 200 pips out in two days flat, we would now change our stance from neutral to long again. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
3
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7531 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7438 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
EURGBP Approaching Support, Prepare For A BounceBuy above 0.8905. Stop loss at 0.8880. Take profit at 0.8945. Reason for the trading strategy (technically): EURGBP is approaching its support at 0.8905 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.8945 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is bounced off its support at 1.7% where a corresponding bounce could occur.
Long
by theforexarmy
Extreme trader sentiment points to possible GBPJPY uptrendThe Trend Follower Strategy has just bought GBPJPY at 148.894. The system recommends entering this trade at any price between 148.581 and 149.207. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.506. This suggests that the GBPJPY could be trending upwards.The 14-period Average True Range on a daily chart is 1.253, so the stop loss has been set at 147.641. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5. Signal ID: 59019 Time Issued: Tuesday, 25 September 2018 19:00:10 GMT Status: open Entry: 148.581 - 149.207 Limit: N/A Stop Loss: 147.641 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Long
by FXCM
EURUSD may test 1.1850 before reversing ?The EURUSD pair has been quiet since last 24 hours after printing highs at 1.1820 levels. Please note that the next resistance in line is at 1.1850 levels and if 1.1820 give away, bulls would like to test 1.1850 levels before giving in to bears again. As an alternate though, it is quite possible that a meaningful top could be in place at 1.1820 and EURUSD could be carving a potential triangle at a lower degree. If the latter count holds, prices could stay below 1.1820 and reverse sharply from current price action. Please note that the movement/breakout could be very sharp after the consolidation. We remain neutral for now. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
by FXTM
4
AUDUSD Approaching Support, Prepare For A BounceBuy above 0.7242. Stop loss at 0.7213. Take profit at 0.7296. Reason for the trading strategy (technically): AUDUSD is approaching its support at 0.7242 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7296 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
Long
by theforexarmy
Breakout Identified in AUDJPYThe Breakout Opportunities system has just sold AUDJPY at 81.891. The system recommends entering this trade at any price between 81.725 and 82.001. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.393, suggesting that the AUDJPY may have further to fall. A stop loss has been set at the 24-hour high of 82.332 and a profit target has been set at the 1 Day ATR level at 81.228. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Signal ID: 58987 Time Issued: Sunday, 23 September 2018 21:00:16 GMT Status: open Entry: 81.725 - 82.001 Limit: 81.228 Stop Loss: 82.289 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
AUDUSD corrects towards 0.7240/50, higher now ?The AUDUSD has corrected lower, as discussed on Friday. It is seen to be trading around 0.7250/52 levels at this point in writing and could drop to 0.7240/45 levels before turning higher again. Please note that 0.7243 is the fibonacci 0.382 support of the rally between 0.7140 and 0.7300 levels (not shown on the chart). Looking at the wave structure, AUDUSD could be well into wave 3 or C progress for now and if this should hold, prices are expected to remain above 0.7200 levels for now, and push higher towards 0.7370 levels going forward. We would like to maintain our stand towards the bullish side from here on. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Long
by FXTM
NZDUSD Approaching Resistance, Prepare For ReversalSell below 0.6717. Stop loss at 0.6765. Take profit at 0.6635. Reason for the trading strategy (technically): NZDUSD is approaching its resistance at 0.6717 (100% Fibonacci extension, 38.2%, 61.8%, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.6635 (38.2% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding drop is expected.
Short
by theforexarmy
AUDJPY appears overboughtThe Congestion Opportunities Strategy has just sold AUDJPY at 82.232. The system recommends entering this trade at any price between 82.056 and 82.408. The signal was issued because the 28-hour Relative Strength Index indicates that the AUDJPY may be overbought, while the Speculative Sentiment Index reading of 1.396 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.703, so the stop loss has been set at 82.935. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Signal ID: 58963 Time Issued: Friday, 21 September 2018 04:00:15 GMT Status: open Entry: 82.056 - 82.408 Limit: N/A Stop Loss: 82.935
Short
by FXCM