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.