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USDCHF: Bullish, Sets To Extend Upside Offensive.

USDCHF – With further bullish offensive seen the past week, USDCHF looks to extend its strength in the new week.  This development leaves the pair aiming at further strength towards the 0.9600 level. Further out, resistance resides at the 0.9800 level, its psycho level where a violation will aim at the 0.9850 level. Further out, resistance resides at the 0.9900 level with a turn above here exposing the 0.9970 level. Its weekly RSI is bullish and pointing higher suggesting further upside. On the…See More
Saturday
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fxtech posted a blog post

GOLD: Pulls Back, Vulnerable.

GOLD: Unless the commodity returns above the 1,488.00 level, there is risk of further downside in the days ahead. On the downside, support comes in at the 1,403.66 level where a breach will target the 1,385.00 level. A violation will aim at the 1,350 level and then the 1,321.79 level. On the upside, GOLD will have to return above the 1,488.00 level to resume its recovery. Further out, resistance is seen at the 1,590.40 level followed by the 1,619 level. All in all, GOLD remains on corrective…See More
May 13
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fxtech posted blog posts
May 12
fxtech posted a blog post

EURUSD: Risk Turns To The 1.3242 Level

EURUSD: A reversal of its Monday and Tuesday losses has cleared the way for a return to the 1.3242 level. A cut there here will resume its medium term uptrend and call for a run at the 1.3300 level. A clearance of this level will pave the way for a run at the 1.3350 level with a turn above here targeting the 1.3400 and then the 1.3450 level. Its daily RSI is bullish and pointing higher supporting this view. The alternative scenario will be for EUR to return to the 1.3034 level where a breach…See More
May 8
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fxtech posted a blog post

AUDUSD: Sells Off Through Key Support, Eyes Further Downside

AUDUSD: With AUDUSD extending its Monday weakness and breaking through the 1.0219 level, further downside is envisaged in the days ahead. This development leaves the pair targeting the 1.0150 level. A cut through here will turn attention to the 1.0100 level and then the 1.0050 level. Further down, support comes in at the 1.0000 level. Its daily RSI is bearish and pointing lower suggesting further downside. Conversely, AUDUSD will have to return above the 1.0219 level to halt its present…See More
May 7
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fxtech posted blog posts
May 5
fxtech posted a blog post

USDCHF: Loses Upside Momentum, Turns Lower.

USDCHF – The pair failed to follow through on the back of its previous week gains and closed lower at the end of the week. This new development suggests further downside is likely towards the 0.9205 level with a turn below here shifting attention to the 0.9150 level. Further down, support stands at the 0.9100 level and then the 0.9000 level, its psycho level. Its weekly RSI is bearish and pointing lower supporting view. Conversely, USDCHF will have to take out the 94.98 level and then the…See More
May 4
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fxtech posted a blog post

EURJPY: Consolidating With Upside Bias Medium Term.

EURJPY- The cross continues to consolidate suggestive of an eventual return to the 131.11 level on ending the mentioned consolidation. This if seen will reverse its entire weakness and target the 132.00 level and then the 133.00 level. Alternatively, the cross will have to return below the 125.00 level to reverse its broader medium term upside bias and bring further downside towards the 124.03 level. If this level is tested and broken, further declines should follow towards the 123.00 level. We…See More
May 3
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talisman commented on fxtech's blog post USDCAD: Risk Points To The 1.0341 Level And Beyond.
"i wanted to finish this trade off, it did end up with about 135 pips profit closing with just under 3rr. all i have is an i phone chart.  aloha."
May 3
Francesc Riverola commented on fxtech's blog post GBPUSD: Bullish, Targeting The 1.5600 Level.
"Fxtechstrategy It is a must that you change your username No corporate nicks allowed Please, do so ASAP"
Apr 29
fxtech posted a blog post

GBPUSD: Bullish, Targeting The 1.5600 Level.

GBPUSD: With continued upside offensive seen, further gain is likely towards the 1.5600. Above here will target the 1.5650 level and then the 1.5700 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, on any pullback the pair could retest the 1.5410 level. We expect this level to provide a strong support and turn it higher. Further down, support comes in at return to the downside, the danger is for it to retarget the 1.4830 level. Below here if seen will resume…See More
Apr 29
1 Comment
talisman commented on fxtech's blog post USDCAD: Risk Points To The 1.0341 Level And Beyond.
"@jasmine-it guess it really doesnt matter that we see it differently, what matters is if we see a similar pattern we see the same thing as we saw before.  consistancy is a cornerstone to success.  the markets are dynamic and its up to the…"
Apr 29
Jasmine C commented on fxtech's blog post USDCAD: Risk Points To The 1.0341 Level And Beyond.
"OMG - we really do see things differently  :-)  Needless to say, I am not selling this pair anymore.  At least, not until that trend line is broken and re-tested from below... "
Apr 29
talisman commented on fxtech's blog post USDCAD: Risk Points To The 1.0341 Level And Beyond.
"i have a little time so decided to continue posting as this trade progresses.i have moved stop to next swing high after breaking swing low. see chart.  i will continue to do that until it gets close to the main support aroun 10082 and then…"
Apr 29
talisman commented on fxtech's blog post USDCAD: Risk Points To The 1.0341 Level And Beyond.
"sounds good-i wouldnt say not checking a pair is a weakness.  focusing and becoming familiar with certain pairs is all you really need.  a lot of people try to trade too many pairs and end up not giving proper attention to any of…"
Apr 27
Peter jcp commented on fxtech's blog post USDCAD: Risk Points To The 1.0341 Level And Beyond.
"Hi Talisman - another point - I just checked out my leading indicator ( LR2) on the weekly candle which commenced on Monday 22nd. That had gone over the candle and out of the BB's - basically confirming price was OB and should fall during the…"
Apr 26

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Fxtech's Blog

USDCHF: Bullish, Sets To Extend Upside Offensive.

Posted on May 18, 2013 at 9:25am 0 Comments

USDCHF – With further bullish offensive seen the past week, USDCHF looks to extend its strength in the new week.  This development leaves the pair aiming at further strength towards the 0.9600 level. Further out, resistance resides at the 0.9800 level, its psycho level where a violation will aim at the 0.9850 level. Further out, resistance resides at the 0.9900 level with a turn above here exposing the 0.9970 level. Its weekly RSI is bullish and pointing higher suggesting further upside. On…

Continue

GOLD: Pulls Back, Vulnerable.

Posted on May 13, 2013 at 6:03pm 0 Comments

GOLD: Unless the commodity returns above the 1,488.00 level, there is risk of further downside in the days ahead. On the downside, support comes in at the 1,403.66 level where a breach will target the 1,385.00 level. A violation will aim at the 1,350 level and then the 1,321.79 level. On the upside, GOLD will have to return above the 1,488.00 level to resume its recovery. Further out, resistance is seen at the 1,590.40 level followed by the 1,619 level. All in all, GOLD remains on corrective…

Continue

EURUSD: Remains In Consolidation Mode.

Posted on May 12, 2013 at 1:12pm 0 Comments



EURUSD: Although EUR turned back lower the past week after failing to follow through on the back of its previous week gains, it remains trapped in a consolidation range (watch out for a head and shoulders formation on the daily chart). A reversal of its past week decline could occur if it fails to follow through on its current bearishness. This will open up further upside risk towards the 1.3242 level in the new week. Further out, resistance resides at the 1.3300 level where a break…

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USDCHF: Rallies, Targets Weekly EMA.

Posted on May 11, 2013 at 11:52pm 0 Comments

USDCHF – With a rally seeing USDCHF closing slightly above the 0.9566 level the past week, there is risk of further upside in the new week.This development leaves the pair targeting further strength towards the 0.9600 level. Further out, resistance resides at the 0.9773 level, its weekly ema where a violation will aim at the 0.9850 level. Its weekly RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 0.9498 level where a breach will target the 0.9331…

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