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.


Q&M Dental 131030

Q&M in a descending channel, price is currently supported at 0.30. Above 0.325 is bullish.

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

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.