All Blog Posts Tagged 'fx' (229)

GBPUSD - Channel remains negative, targeting 1.5573

There was limited movement in GBPUSD yesterday - producing an 'Inside' day that reflects a degree of investor indecision. But for a 2nd day in a row, the upside was rejected and this, coupled with a declining Keltner channel and 13 day moving average keeps immediate sentiment negative with potential through 1.5599 to 1.5573.…

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Added by Alan Collins on November 19, 2014 at 6:59am — No Comments

GBPCHF - Temporary bounce has further to run

With signals cautious near the 200 day average rate, Monday’s trading saw sentiment improve by just over ½ Big Fig on the day. The buying has also come from close to the lows posted in June, Sep & Oct, but so far it hasn’t offered a bullish reversal pattern, or has it ended a sequence of lower daily highs. With this in mind, the outlook for Tuesday is just cautiously and temporarily bullish with potential through 1.5105 to 1.5150.…

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Added by Alan Collins on November 18, 2014 at 7:27am — No Comments

EURUSD - Further profit taking expected. 1.2686 targeted this week

Trading in EURUSD last week was trendless with direction changed on each of the first 4 days.This ended sharply on Friday with the week's lows tested and a powerful turn in sentiment that took prices to week's high.This ended a sequence of 3 down weeks and although this rally is tentative signals indicate scope for the bounce to extend temporarily in the coming days targeting 1.2623 and 1.2686.…

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Added by Alan Collins on November 17, 2014 at 8:38am — No Comments

EURUSD Capped by key Average, downside targets 1.2394.

The current lack of follow through in either direction was emphasised yesterday as price action countered the previous days for a 5th consecutive day. But although the gains were enough to regain Wed’s decline, the key 13 day moving average was again untested and it is that factor, coupled with Asian selling, that leaves sentiment negative targeting 1.2419 and 1.2394.…

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Added by Alan Collins on November 14, 2014 at 7:11am — No Comments

USDCHF - Key Average supports further upside

For a 3rd day in a row selling interest stalled at the key 13 day moving average. That point is acting as a platform but without yet translating into significant demand – only minor net gains resulting yesterday. This means that intraday signals for sentiment cannot be strong but with momentum and strength indicators (RSI) also mildly positive we look for buying interest to build with potential to .9701 and .9726.…

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Added by Alan Collins on November 13, 2014 at 7:00am — No Comments

EURGBP remains capped. Retest of last week'slows targeted

The Oct 31st Marabuzo line and the 13 day moving average continue to dominate EURGBP. That point has capped all rallies this month and although this has yet to be translated into a renewal of significant selling pressure, underlying sentiment is assessed as negative. So, allowing for further, narrow, volatility, we look for last week's .7798/99 lows to be retested.…

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Added by Alan Collins on November 12, 2014 at 7:00am — No Comments

GBPUSD - Marabuzo Line caps. Selling resumed

The market attempted to extend Friday’s profit taking yesterday. However, this demand was limited – failing, and reversing, above a Marabuzo line created by Thursday’s net decline. Resulting losses were minor but it is the upside rejection, coupled with a declining Keltner channel, that is likely to influence today’s sentiment with potential to 1.5791 and towards 1.5757.…

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Added by Alan Collins on November 11, 2014 at 7:02am — No Comments

USDCAD - Despite setback, Sentiment is Positive

Initial demand took USDCAD to the most positive levels traded for 5 years last week. Although last week ended with some sharp profit taking, a 2nd positive weekly performance in a row, bullish daily & weekly Keltner channels and the support of the 13 day moving average keep the focus on the topside with targets of 1.1400 and 1.1468.…

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Added by Alan Collins on November 10, 2014 at 8:17am — No Comments

EURGBP - Negative - dominated by Marabuzo lines

For a 3rd day in a row, yesterday saw demand falter and reverse at a Marabuzo line created last Friday. That level currently coincides with the 13 day moving average so the resistance is magnified. Yesterday's upside rejection came from a lower open and so the result was an almost unchanged close. But despite the indecision that normally highlights, and a failure to hold below .7800,the weakness of the bounce means sentiment is left negative targeting .7798/99 and .7782.…

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Added by Alan Collins on November 7, 2014 at 7:06am — No Comments

GBPUSD - Powerful rejection of the lows leaves sentiment positive

Initial powerful selling yesterday took GBPUSD to the most negative levels traded for 12 months. But that downside was almost equally aggressively reversed to leave prices only marginally lower from open to close. Overall in fact, there has been only minor movement over the last 5 days. Although this means that sentiment is not strong, yesterday's bounce sets the tone for intraday signals with a move above the key 13 day moving average increasing positive momentum. Our targets are 1.6024 and…

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Added by Alan Collins on November 6, 2014 at 7:03am — No Comments

EURGBP - Hugging Negative Channel/Capped by Average

After 7 days of indecisive range trading (capped by the 13 day mvg avg) Friday saw fresh selling of EURGBP. This renewed the underlying bearish tone reflected by the aggressive downside seen over the last 6 months.

Although this week has begun with consolidation, profit taking remains weak and we look for the topside to be constrained by a Marabuzo line created by Friday's decline and the 13 day line.

Downside targets are projected as .7770 and .7726.…

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Added by Alan Collins on November 4, 2014 at 1:05pm — No Comments

EURGBP - Gradual recovery to extend this week.

The rally from last month’s 2 year low extended last week. This 2nd up week in succession was a tentative move dominated by Monday’s gains and uncomfortable above .7900. In fact the last 5 trading days have oscillated around the important 13 day moving average. Although this clearly highlights a degree of uncertainty, and Friday’s close was marginally below the average line, 3cA studies are left mildly positive with potential through .7900 to .7932.…

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Added by Alan Collins on October 13, 2014 at 6:56am — No Comments

USDCAD - Testing key Averages - Downside break expected this week

The sequence of 3 up weeks ended with the market unable to sustain prices beyond a 50% correction of the fall from this year’s top, 1.0949. The most negative performance for 7 weeks resulted from this price action. This downside stalled on Friday around the 13/100/200 day moving averages and this introduces a note of caution but sentiment is left negative with only  the…

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Added by Alan Collins on August 18, 2014 at 7:25am — No Comments

GBPUSD - Bullish Hammer pattern targets higher levels

Although a new 2 month low was posted in early trading yesterday, Monday’s indecisive price action was followed by profit taking. This bounce created a Bullish Hammer on daily candle charts which, especially ahead of a key 50% correction point, leaves immediate sentiment as positive. The bounce is likely to be temporary, especially while the 13 day average is intact, but sentiment is assessed as positive with potential to 1.6825, 1.6847 and 1.6866.…

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Added by Alan Collins on August 13, 2014 at 6:00am — No Comments

USDCHF - Stalled near Cloud - Setback likely this week

An initial move to 7 month highs proved temporary. Profit taking was attracted above .9100 and the resulting pullback left prices virtually unchanged on the week – the 2nd such week in a row. It is the upside rejection though that has given technical signals a negative tone, although the stalling on Friday at the 13 day moving average is a concern. So potential exists for a profit taking setback to .8971/91 or even .8916.…

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Added by Alan Collins on August 11, 2014 at 6:35am — No Comments

EURGBP - Morning Star points higher this week

Although the bulk of last week's price action showed marginal movement, the week ended with a powerful move higher. Friday’s gains – the most aggressive daily performance since March – dominated price action breaking an important Marabuzo line, testing the top of a now rising Keltner channel and, most importantly, completed a Bullish Morning Star pattern on weekly charts. This formation often signals a complete change of sentiment and so we see potential through .8011 to .8050 with .8124…

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Added by Alan Collins on August 4, 2014 at 7:29am — No Comments

USDCAD - Platformed by average - gains to extend this week

Following a week of indecisive trading, last week saw a renewal of investor demand. This continued the rally from this month’s low and took USDCAD to the highest levels for 5 weeks. This move was dominated by Friday’s powerful gains and although a failure to break through the 200 day avg or the Marabuzo line created 5 weeks previously concerns, the support offered by the 13 day avg last week, and a move to the top of a rising Keltner channel gives scope for the upside to extend to 1.0857 and…

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Added by Alan Collins on July 28, 2014 at 7:58am — No Comments

Forex & Futures Outlook

Added by 50Pips on July 21, 2014 at 8:20am — No Comments

USDCHF - Key Marabuzo line platforms gains -.9015 targeted

The significant of the Marabuzo line formed July 3rd was emphasised yesterday. Confirming our weekly call, that point was rejected for a 5th day in a row. This time this led to aggressive buying of USDCHF and a close above the 200 day moving average. Continued in Asia, modestly, intraday signals for sentiment are overbought and there is growing potential for profit taking but with the underlying tone assessed as positive with potential to .8998 and…

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Added by Alan Collins on July 16, 2014 at 6:15am — No Comments

June 26 Usd/Jpy Pattern

This pair looks interesting. Potential Reversal Zone (PRZ), red circle. Update today July 8, 2014.

This patterns works good after all.…

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Added by Octavio Dolores on July 8, 2014 at 3:33pm — No Comments

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