All Blog Posts Tagged 'Trading' (909)

USDCHF - 3 reasons to short this week

A sequence of 3 up weeks ended with strong selling last week - emphasising the importance of a 50% correction point. There are 3 main reasons we look for the downside to extend.                

1) Prices are 'hugging the lower end of a negative Keltner channel.                                                         2) The key 13 day moving average is capping rallies.            

3) CHF showing broad strength.   

 

Potential for .8712 and .8676.…

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Added by Alan Collins on April 14, 2014 at 5:59am — No Comments

EURGBP - Trades Through Cloud

Monday’s failure at the top of the Ichimoku Cloud proved important yesterday as selling interest returned to the cross. The resulting strong decline- the most aggressive of this month – took EURGBP through the bottom of the Cloud and to the most negative levels for 5 weeks. Intraday signals for sentiment are oversold but rallies should now be temporary and limited with potential to .8215, then .8189.…

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Added by Alan Collins on April 9, 2014 at 8:47am — No Comments

USDCAD - Selling to deepen.

The setback from this year’s high continued last week with an expected 2nd down week in a row. This move lower, dominated by selling at the beginning and end of the week, took USDCAD to 4 week lows and consolidated prices within the Ichimoku Cloud. These are not strong signals but supported by negative 3cA studies and with the 13 day m.a capping we look for the downside to develop with potential to 1.0911 and 1.0870.…

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Added by Alan Collins on April 7, 2014 at 7:29am — No Comments

DAX Trading Strategy Free Signals

This morning I'm watching…

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Added by Lorenzo Sentino on March 19, 2014 at 10:07am — 1 Comment

USDCHF weak recovery so sentiment targets .8739

A sequence of 3 down days ended Mon as profit taking developed at the bottom of the Keltner channel. Gains were limited, after a negative gap on the open, and unable to regain any significant portion of Fri’s decline. This, despite minor gains in Asia, reflects the weakness of demand and while early gains are probable we look for them to be limited. So scope through .8761 to .8739 or even .8712.…

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Added by Alan Collins on March 11, 2014 at 7:13am — No Comments

GBPUSD - forming base for 1.6823/78 test

Each day last week saw net losses produced in GBPUSD but that setback from 4 year highs has proved temporary.

 

  • The downside has found fresh buyers at the key 13 day moving average.
  • And at a Marabuzo line created by price action 2 weeks ago
  • And in addition the trend defining Keltner channel remains positive. 

 

So at 3cAnalysis we’re looking for higher levels in the coming days with expected intraday dips being bought with potential…

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Added by Alan Collins on February 26, 2014 at 7:58am — 1 Comment

CABLE - 50% point platforms upside this week. 1.6878 then 1.7043 potential

Recent consolidation ended last week with a move that emphasised the importance of buying at a 50% pullback point. Increasing demand resulted in the most powerful weekly gains since Jun and with the highest levels since 2009. The speed of the upside means signals are overbought and prone to profit taking but with prices hugging the top of both weekly and daily Keltner channels, and the 13 day avg supportive there is potential for 1.6878 and 1.7043…

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Added by Alan Collins on February 17, 2014 at 8:23am — No Comments

$USDJPY- Range or break?

Currently we are at 101.96 in a range .   A bounce in the range and look to go back to 102.89.  A break out look to the 100.71 area.  The average daily true range (ATR) for the pair currently is 112 pips.…

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Added by Scott Barkley on February 13, 2014 at 2:04pm — No Comments

$USDCHF- Wedge Break?

Currently we are at 0.9025 after the break north of the wedge.  We are looking for a bullish continuation to the Day chart Trend line/resistance area @ 0.9047.  The average daily true range (ATR) for the pair currently is 76  pips.…

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Added by Scott Barkley on February 12, 2014 at 2:00pm — No Comments

$GBPJPY- Wedge Break?

Currently we are at 168.55 and attempting a break of the former support.  IF we break - we are looking for a bullish continuation to the R6 area @ 170.00 over the next 2 days.  The average daily true range (ATR) for the pair currently is 230 pips.…

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Added by Scott Barkley on February 11, 2014 at 2:16pm — No Comments

$AUDUSD- Wedge Break?

Currently we are at 0.8940.  We would have liked a deeper retracement to the 0.8900 but …. We are looking for a bullish continuation to the R5 first wave area @ 0.9038.  The average daily true range (ATR) for the pair currently is 101 pips.…

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Added by Scott Barkley on February 10, 2014 at 2:24pm — No Comments

USDCAD - Weekly Bearish Engulfing targets further profit taking

Expected selling pressure last week was confirmed as the rejection of levels near the 50% correction point (1.1236, 2009-11 fall) was shown important. Although the 13 day m.a, and a Marabuzo line from Jan 22nd, held the downside for the bulk of the week, Fri’s selling confirmed a more negative tone. In fact, last week's performance was the most bearish since September and formed a Bearish Engulfing pattern on weekly candle charts.

So, although some volatility must be…

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Added by Alan Collins on February 10, 2014 at 7:28am — No Comments

$USDCHF- NFP continuation?

Currently we are at 0.8988 after the negative Non-Farm Payroll numbers.  We are looking for a bearish continuation to the S3/ .0214 Fibo area @ 0.8935 area. The average daily true range (ATR) for the pair currently is 71 pips.…

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Added by Scott Barkley on February 7, 2014 at 2:06pm — No Comments

$EURAUD- Pole Break?

Currently we are at 1.5042  after the break down of the pole pattern.  We are looking for a bearish continuation to the support area @ 1.4992  and 2) the next target is @ 1.4920.  The average daily true range (ATR) for the pair currently is 172 pips.…

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Added by Scott Barkley on February 6, 2014 at 2:23pm — No Comments

$EURGBP- Trend Break?

Currently we are at 0.8314 and testing a reversal breakout.  We are looking for a bullish continuation to the.0214 Fibo area @ 0.8368.  This pair pays 63% more on average then EU – a good reason to like it.   The average daily true range (ATR) for the pair currently is 49 pips.…

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Added by Scott Barkley on February 5, 2014 at 2:04pm — No Comments

$NZDUSD- Double bottom?

Currently we are at 0.8114 after the break north of the support.  We are looking for a corrective bounce back to support and then another thrust to the day chart bottom/S5 @ 0.8050-62. The average daily true range (ATR) for the pair currently is 76 pips.…

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Added by Scott Barkley on February 3, 2014 at 2:11pm — No Comments

EURUSD break of key supports targets 1.3319 this week

This year has begun with a volatility evidenced by last week's decline – a move that reversed the preceding week's direction for a 7th consecutive time. However while this price action means sentiment is more difficult to assess, this latest decline took EURUSD to 2 month lows, reversed the prior week’s entire rise and closed below the Ichimoku Cloud, the 13 day and 100 day mvg avgs.

So we look for the downside to remain the focus with potential while below 1.3609 to 1.3400 and…

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Added by Alan Collins on February 3, 2014 at 8:23am — No Comments

$EURJPY- Wedge Break?

Currently we are at 139.30 in a descending wedge.  We are looking for a break and continuation to the 0.618/S5 Fibo area @ 138.56.  The average daily true range (ATR) for the pair currently is 118 pips.…

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Added by Scott Barkley on January 30, 2014 at 2:18pm — No Comments

USDCHF Elliott Wave Analysis: Correction Within Uptrend

USDCHF reversed strongly to the downside in the last few trading days, but bearish leg from 0.9155 can still be part of an expanded flat formation placed in wave 2). Notice that price is now testing and chopping around important 61.8% retracement area compared to wave 1) which is very common reversal or end zone for second waves. As such, our count remains bullish, but we would love to see an impulse back above 0.9040 and even higher to confirm end of a contra-trend price action. So until…

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Added by Gregor Horvat on January 30, 2014 at 9:56am — No Comments

$NZDJPY- Flag Break?

Currently we are at 84.67 in a bear flag.  We are looking for a break and then a continuation to the 1 .618 Fib extension area @ 84.15 – with a further target at 84.00.  The average daily true range (ATR) for the pair currently is 91 pips.…

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Added by Scott Barkley on January 29, 2014 at 2:04pm — No Comments

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