Wednesday, October 30, 2013
usdsgd 131030
USDSGD daily rejected price at resistance 1.2425. and is starting to form a bearish engulfing. Price look towards 1.2275 if support at recent low 1.2343 breaks.
IHH 131030
IHH looking like a huge triangle waiting for a possible breakout. Price is consolidating within the range of 1.64 - 1.53. Very low volume.
USDJPY 131030
USDJPY daily very near the 61.8 retracement and trendline resistance.
On the H4, we see that price and above the 200 KAMA. and currently supported.
I think that USDJPY may be trying to form this pattern to 99.75 before a move down for an extension of the triangle.
GBPUSD 131030
ADP, CPI, FOMC day today.
GBPUSD on the H4 is looking that it might run up higher to retest the 32.8 - 61.8 level. Highs from 1.6250 is looking to be setting up for a possible double top. 200 KAMA on the H4 is coming near 38.2 retracement.
End of month + FOMC makes it tough trading conditions. I will wait for the levels and candlesticks reversals before trading.
I am also not feeling well these few weeks, best to stay out till feeling more adequate
GBPUSD on the H4 is looking that it might run up higher to retest the 32.8 - 61.8 level. Highs from 1.6250 is looking to be setting up for a possible double top. 200 KAMA on the H4 is coming near 38.2 retracement.
End of month + FOMC makes it tough trading conditions. I will wait for the levels and candlesticks reversals before trading.
I am also not feeling well these few weeks, best to stay out till feeling more adequate
Wednesday, October 23, 2013
capitaland 131024
Capitaland still in a channel
Low risk short here with stop above most recent highs. target channel bottom
AUDUSD NZDUSD AUDNZD 131024
AUDNZD
AUDNZD has broken to the upside from nzdusd weakness. Now is above the daily trendline.
On the H4 , we see that AUDNZD has moved to retest the trendline at 1.1430 and above the support.
Looking bullish to 1.16.
AUDUSD
AUDUSD bouncing off the trendline support and towards the 50% retracement at 0.9680.
NZDUSD
NZDUSD on the daily has a bearish engulfing pattern from yesterday. Still above the trendline support.
On the H4 has bounced off the support and currently capped by horizontal resistance + 38.2 retracement.
NZDUSD looking weaker than AUDUSD, AUDNZD looks like it will run higher from the double bottom.
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