Chartist-Trading

Chartist-Trading

EURCAD made a pullback at previous broken resistance that now acts as support, providing a reversal candle at the 1H chart. We BUY the reversal candle, setting the stops below its lows, targeting 1.4440-50.

Chartist-Trading

NZDUSD has tested August lows and is forming a sideways formation. We are waiting for the breakout of the formation for confirmation. A break on an hourly close above 0.6840 will lead to BUY positions, setting the stops below 0.6820, targeting 0.6875480. No break, no entry...

Chartist-Trading

AUDUSD is forming a sideways pattern after testing twice the area that has marked last August lows. Are we going to see a double bottom to be formed at the daily chart or a break and a continuation lower? We trade the first scenario placing Buy orders at current levels adding more at 0.7115, setting the stops below 0.7095 and targeting 0.7190.

Chartist-Trading

GBPUSD is trying to form a base after last Friday's lows and the technical picture makes the continuation of the move even higher as a probable scenario. We BUY at current levels, adding more at 1.3300. We will set our stops below Friday's lows targeting 1.3375-80.

Chartist-Trading

EURUSD is making a pullback after last Friday's strong upmove. We are buyers at current levels (1.1275) but preparing to add more at 1.1230-35. We will set our stops below 1.1195 targeting 1.1355 and 1.1380-85.

Chartist-Trading

GBPUSD has formed new lows and delivered a reversal candle that shows further strength. We BUY at current levels adding more at 1.3295-00. We will set our stops below 1.3265 targeting 1.3355 and 1.3380

Chartist-Trading

NZDUSD is testing the lows of last August with oversold levels at RSI. We will try BUY orders 0.6805-15 setting the stops below 0.6770, targeting 0.6845 and 0.6860...

Chartist-Trading

AUDUSD is falling towards the 0.7100-15 area where the bottom of the channel that contains the move from October highs and the lows of last August coincide. The extreme RSI levels are sowing that a reaction is possible from these levels but a new low will be made as there is a lack of divergence... We will BUY at these levels setting the stops below 0.7070,...

Chartist-Trading

GBPUSD has tested the previous lows showing reversal candle signals. We BUY at current levels setting tight stops below the lows. Our target is the 1.3375-80 area...

Chartist-Trading

EURGBP is forming a sideways pattern at its lows and the technical picture favors one more leg up and a potential breakout. We open BUY orders at current levels (0.8400-05) adding more at 0.8380. We will set the stops below 0.8368 targeting 0.8430-35. If price breaks above 0.8430 on an hourly close we will buy again for 0.8470-80 target, setting the stops below...

Chartist-Trading

GBPUSD has tested the lows and has given reversal signals. Further continuation of the move is the most likely scenario. We will buy at current levels adding more at 1.3360. We will set the stops below 1.3320 targeting 1.3405-10.

Chartist-Trading

EURUSD is heading for 1.1290-1300 area where multiple technical resistance indications are gathered as seen in the chart. We believe that the breakout from this area without prior retracement is difficult so we will test this assumption with Sell orders at 1.1295, setting the stops above 1.1330. Our initial target will be 1.1260. If a retracement occur before...

Chartist-Trading

NZDUSD looks like it is ready to make a pullback towards 0.6965-70 area as it comes from an oversold technical picture. We will try small positions at current levels (0.6930-35) setting the stops below 0.6920 targeting 0.6960-65.

Chartist-Trading

CADJPY has already tested the top of its downward channel and a retest of the previous lows looks like a possible scenario. We will try small positions at current levels adding more on a clear downward break of 90.15. We will set the stops above 90.55 targeting 89.95 and 89.75

Chartist-Trading

EURUSD is forming a sideways pattern at the lows and the bottom of the daily channel. We believe that an up leg is in the making and it will lead at the 1.1320-25 resistance. We are Buyers at current levels setting the stop below 1.1240 targeting 1.1315-20. Initial resistance at 1.1300

Chartist-Trading

USDJPY has reached the first important resistance levels for a pullback after the break of the H&S pattern and now we believe that a new leg down is in the making. We are sellers at current levels (114.15-20) adding more at 114.50. We will set our stop aabove 114.65 targeting 113.80 and 113.60

Chartist-Trading

Usdjpy is forming an H&S pattern. We believe that the right shoulder is in the making. We are sellers at current levels adding more at 113.60. Initial target the neckline. After the initial target is met we will close half position, move stop at BE and go for the break.

Chartist-Trading Updated 

EURUSD has already tested the bottom of the daily channel that you can see in the chart below showing the initial signs of reversal and now the top of the hourly channel at the 1.1335-40 area is going to be tested. We have already bought small positions in order to test our upside scenario and we are going to add more with an hourly break of the 1.1340. We will...