Soon to be I wanna be sick both ways level.
If break lower, go short.
If hold, go long.
If this pair breaks down, AUD will be flaming like a meteor compared to CAD.
Sunday, November 10, 2013
AUDCAD 131111
Soon to be I wanna be sick both ways level.
If break lower, go short.
If hold, go long.
If this pair breaks down, AUD will be flaming like a meteor compared to CAD.
USDSGD 131111
As much as I want to be bullish on this pair, I will look to go long on dips.
Weekly looks like there is still scope for more upside at least to 1.2535. (38.2 retracement of large down move)
Price just turn in from oversold.
On H4, shallow retrace with resistance above. Look to long at dips to
1.2460. Overbought.
Weekly looks like there is still scope for more upside at least to 1.2535. (38.2 retracement of large down move)
Price just turn in from oversold.
On the daily, price has been moving in a channel, we are now, butting against resistance. Overbought.
On H4, shallow retrace with resistance above. Look to long at dips to
1.2460. Overbought.
EURUSD 131110
EURUSD daily currently supported by 200KAMA and 50% retracement. Daily and weekly oversold. EURUSD has closed below the support and looks bearish.
On H4, we see that EURUSD has been following a channel. Channel support is currently holding. Will like to short on a rebound to 1.3415. (23.6 retracement from high to current low). H4 oversold.
Perhaps early next week.
Great Eastern 131110
Great Eastern in a channel, 61.8 retracement from the highs is current resistance. Below 17.6 look for more downside
Genting SP 131110
Genting SP broke out to the upside and formed an ascending triangle, targets 50% retracement at $1.42 which is also former resistance now support. Hammer formation looks like price is looking to turn soon.
Friday, November 8, 2013
USDCAD 131108
USDCAD daily resistance overhead and pull backs have been minimal.
USDCAD weekly, is in an ascending channel there is room for more upside till 1.0884
Friday, November 1, 2013
usdsgd 131102
Finally, after waiting and waiting for weeks, USDSGD looks to be turning to the upside a look at the charts.
USDSGD WEEKLY
a false break of the long term trendline and an inverted hammer + engulfing pattern on the weekly.
We have also just turned from oversold on the weekly.
USDSGD DAILY
Looking at the daily, because that will give us a clearer picture on things.
Candle 1: Shows a high wave candle that is signalling a possible change in trend.
Candle 2: Bearish hammer, price rejecting with long wick
Candle 3: This candle has a wick that is rejecting price at a trendline retest.
Candle 4 & 5: This candle is presently the resistance that must be taken off for bullish momentum to develop
Candle 5: An engulfing pattern which can mean lower price but at the end of a down trend a possible exhaustion signal. Price top of this formation also resistance that needs to be overcome.
As we can see, price is still in the small ascending channel. Again if price falls below the low of candle 1, we can say that USDSGD will continue to slump as it will become a bearish flag pattern.
Placing two Fibonacci retracements, we can see that 23.8 and 50 retracement of the high to the lows from two points coincide with 1.2465, where there is some price congestion.. Price is still bearish below 1.2465.
USDSGD 4H
H4 is at the top of the range and above horizontal resistance. Dips to 1.2420 - 1.2410 is the 23.8 and 38.2 retracement and can be bought for a move above 1.2465.
Stops below 1.2380.
H4 200 KAMA also supporting price at 1.2410.
USDSGD 1H
On the H1, price is in a secondary channel, 1.2415 is the support.
Price could target 1.2530 from here.
I am pending long on the USDSGD.
USDSGD WEEKLY
a false break of the long term trendline and an inverted hammer + engulfing pattern on the weekly.
We have also just turned from oversold on the weekly.
USDSGD DAILY
Looking at the daily, because that will give us a clearer picture on things.
Candle 1: Shows a high wave candle that is signalling a possible change in trend.
Candle 2: Bearish hammer, price rejecting with long wick
Candle 3: This candle has a wick that is rejecting price at a trendline retest.
Candle 4 & 5: This candle is presently the resistance that must be taken off for bullish momentum to develop
Candle 5: An engulfing pattern which can mean lower price but at the end of a down trend a possible exhaustion signal. Price top of this formation also resistance that needs to be overcome.
As we can see, price is still in the small ascending channel. Again if price falls below the low of candle 1, we can say that USDSGD will continue to slump as it will become a bearish flag pattern.
Placing two Fibonacci retracements, we can see that 23.8 and 50 retracement of the high to the lows from two points coincide with 1.2465, where there is some price congestion.. Price is still bearish below 1.2465.
USDSGD 4H
H4 is at the top of the range and above horizontal resistance. Dips to 1.2420 - 1.2410 is the 23.8 and 38.2 retracement and can be bought for a move above 1.2465.
Stops below 1.2380.
H4 200 KAMA also supporting price at 1.2410.
USDSGD 1H
On the H1, price is in a secondary channel, 1.2415 is the support.
Price could target 1.2530 from here.
I am pending long on the USDSGD.
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