Tuesday, 21 October 2014

USD/JPY Analysis

Bullish pinbar on the daily and weekly timeframes, previous swing point holds today, retraced 38.2 fib but looking bullish to climb higher Order to go LONG as per below: STOP: 10618 ENTRY: 10662 LIMIT: 10772 RISK/REWARD: 3/1

Thursday, 10 July 2014

AUD/CAD Analysis

Bearish Pinbar Candle on the daily timeframe. Trend is down. 10025 previous resistance now support, swing point broken. Moving averages crossed down and diverging. Order to go short as per below: STOP: 10076 ENTRY: 10024 ( 50% retrace) LIMIT: 9846 RISK/REWARD: 4/1

CAD/JPY Analysis

Bullish pinbar candle formed on the daily timeframe. Trend is up. Bounce near 9455 support. Moving averages still crossed over but on the negative side no longer diverging. In terms of a Elliott Wave perspective, this is the 5th wave up after the 4th wave retraced 38.2%. I believe this still has some legs some putting in a order to go LONG STOP: 9459 ENTRY: 9503 (50% retrace of the pinbar candle) LIMIT: 9679 RISK/REWARD: 4/1

Friday, 20 June 2014

EUR/CAD Analysis

Bearish pinbar candles on daily timeframe, trend down, moving averages pointing down and still diverged, 14737 support previous resistance holding, 38.2 fib retrace approaching on monthly timeframe. Order to go SHORT as per below: STOP: 14774 ENTRY: 14738 LIMIT: 14630 RISK/REWARD: 3/1

Monday, 5 May 2014

AUD/USD Analysis

Bullish pinbar candle on the daily timeframe, off 9204 support, trend is up, 38.2 retrace of 3rd march low. Order to LONG as per below: STOP: 9195 ENTRY: 9240 LIMIT: 9420 RISK/REWARD: 4/1

Tuesday, 18 March 2014

EUR/USD Analysis

Bullish pinbar candle on the daily timeframe, Trend up, 8ema holding, support around 13822 slightly below but held, moving averages still diverging, 4hr timeframe has developed a bullish pinbar candle to backup bullish momentum. Order to go LONG as per below: STOP: 13873 ENTRY: 13911 LIMIT: 14025 RISK/REWARD: 3/1

Monday, 3 February 2014

AUD/USD Analysis

Having another go at this after being stopped out earlier. Another bearish pinbar candle on the daily timeframe. 4 hour chart shows a big bearish candle at the top of a trading range. previous resistance 8825 is now support, Trend is down, Moving averages diverging, pinbar candle created within the moving averages, weekly and monthly charts bearish, AUD bearish on other charts too. Order to go SHORT as per below: STOP: 8838 ENTRY: 8785 LIMIT: 8626 RISK/REWARD: 4/1

Wednesday, 29 January 2014

EUR/AUD Analysis

Bullish candle on the daily timeframe, Trend is up, previous resistance at 1.5553 is now support, moving averages still diverging, pinbar candle created within moving averages, AUD is weak on other charts too, weekly and monthly charts bullish. Order to go LONG as per below: STOP: 15467 ENTRY: 15563 LIMIT: 15755 RISK/REWARD: 2/1

AUD/USD Analysis

Bearish pinbar candle on the daily timeframe, previous resistance 8825is not support, Trend is down, Moving averages diverging, pinbar candle created within the moving averages, weekly and monthly charts bearish, AUD bearish on other charts too. Order to go SHORT as per below: STOP: 8830 ENTRY: 8762 (38.2 fib retrace on candle) LIMIT: 8558 RISK/REWARD: 3/1

Wednesday, 22 January 2014

USD/CHF Analysis

Bearish pinbar candle on the daily timeframe. However, this is against the recent bullish trend. Strong support at 9155. Double top. Bearish pinbar candle on 4hr adds to short term bearish case. Order to go SHORT as per below: STOP: 9161 ENTRY: 9120 LIMIT: 8997 RISK/REWARD: 3/1

Thursday, 16 January 2014

GOLD Analysis

Bullish pinbar candle on the daily timeframe, moving averages turned up, 3 pinbar candle have formed in this uptrend so far, 2 supports areas have held, pinbar candle formed on pullback. Order to go LONG as per below: STOP: 1226 ENTRY: 1239.5 LIMIT: 1259 RISK/REWARD: 2/1

Sunday, 5 January 2014

CAD/JPY Analysis

Bullish pinbar candle on the daily timeframe, With the upward trend, Moving Averages pointing up and still diverged, Weekly and Monthly charts still bullish looking towards a top in the high 100s. Order to go LONG as per below: STOP: 97.63 ENTRY: 98.16 LIMIT: 100.28 RISK/REWARD: 4/1

Thursday, 31 October 2013

AUD/USD Analysis

Bearish Pinbar candle on the daily timeframe, Weekly turned down too, 9529 support holds, Moving averages close to crossing, Other USD pairs showing bearish signs, Order to go short as per below: STOP: 9531 ENTRY: 9487 LIMIT: 9331 RISK/REWARD: 4.5/1

Thursday, 17 October 2013

GBP/CHF Analysis

Bullish pinbar candle on the daily timeframe, Previous resistance at 14512 now strong support after several rejections, overall trend is up, nice pinbar candles on the 4hr timeframe backup move up, Near term resistance at 14584 could be a stumbling block but it doesnt look like a key level to me. Order to go LONG as per below: STOP: 14506 ENTRY: 14566 LIMIT: 14732 RISK/REWARD: 4/1

Tuesday, 8 October 2013

NZD/JPY Analysis

Bearish pinbar candle formed on daily timeframe, Previous swing point broken, Trend turning down, Moving averages crossing down, Order to go short as per below: STOP: 8101 ENTRY: 8048 LIMIT: 7942 RISK/REWARD: 2/1

Tuesday, 1 October 2013

EUR/JPY Analysis

Bearish pinbar candle formed on pullback, on the daily timeframe, Uptrend is turning down, Swing point (11th sept high broken and tested today), 133.41 support held, weekly timeframe turned down, Order to go short as per below: STOP: 13353 ENTRY: 13285 LIMIT: 13149 RISK/REWARD: 2/1

Wednesday, 25 September 2013

AUD/CAD Analysis

Pinbar candle created on daily timeframe, candle created inbetween 8 and 21ema, Higher-lower movement, Trend up, 9643 support holding, pinbar on 4hr timeframe adds to bullish case, weekly trend up, 50% retrace of 12th sept low ORDER TO GO LONG: STOP: 9621 ENTRY: 9652 LIMIT: 9776 RISK/REWARD: 4/1

Tuesday, 10 September 2013

EUR/USD Analysis

1)Bullish pinbar candle on the daily timeframe 2)Swing point of downward move broken 3)Trend back up, backed up by bullish weekly candle for last week 4)Rejection of 13230 support 5)50% retrace from 20th Aug high to 9th July low Order to go long on 50% retrace: STOP: 13223 ENTRY: 13252 LIMIT: 13413 RISK/REWARD: 7/1

Thursday, 22 August 2013

EUR/USD Analysis

Bullish pinbar candle has formed on the daily timeframe. Rejection of 21ema and 8ema. 13344 support held. Trend is strong and still up 4 hour chart shows a strong bullish candle as well. Moving averages still crossed over and diverging. Order to go long on a 50% retrace of the daily pinbar candle STOP: 13291 ENTRY: 13335 LIMIT: 13467 RISK/REWARD: Theres strong resistance ahead at 13392 which might cause a problem. But considering the strength of the euro today i'm going to take a risk here looking for it to break and hold. So i'm going for 3/1.

Tuesday, 30 July 2013

EUR/JPY Analysis

- Bearish Pinbar candle formed on the Daily timeframe. - Off 13056ish support which has been a good event area in the past (see blue circles on chart). - Swing point broken. - Inside bar formation - Trend down, confirmed on 1 and 4 hour. - Moving averages turned down though not crossed yet. Order to go SHORT on 50% retrace of the daily candle STOP: 13056 ENTRY: 13012 LIMIT: 12858 RISK/REWARD: 3.5/1