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