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Spider's Den

NZDUSD has broken through previous high (0.7607) and it is showing a pullback. 0.7575 region shows confluence ( previous 4 time bottom rejection, 50.0 ) and the price might bounce from that spot. However 0.7560-50 region shows stronger confluence ( DPP, L3, 61.8, trend line ) and the pair might pullback to the zone and reject towards H4 -0.7665. We need to pay close attention to the price if it pullbacks to the zone as we have building permits + unemployment news later in the day which will also influence the move for the pair. Yesterday NZD performed very strong and due to pattern -inverted head and shoulders variant and technical picture the pair could proceed higher.

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Going up as planned!
The target has been hit!
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hi T what is you point of vew in the eur usd ?
be calm be patient and logic
Quoting guguxpto
hi T what is you point of vew in the eur usd ?
Hi, will do the analysis tomorrow or Monday. This is a correction. Mostly USD driven.
Quoting [email protected]
{quote} Hi, will do the analysis tomorrow or Monday. This is a correction. Mostly USD driven.
thanks ; )
be calm be patient and logic
Quoting [email protected]
{quote} Hi, will do the analysis tomorrow or Monday. This is a correction. Mostly USD driven.
If this is a USD correction, then it's part of the reason for the minor correction to European Equities at present. Cheaper currency = stronger equities, and vice versa, as a general rule.
Quoting PariCovek
{quote} If this is a USD correction, then it's part of the reason for the minor correction to European Equities at present. Cheaper currency = stronger equities, and vice versa, as a general rule.
Yes, agreed.
Market is waiting for US CPI in 10 minutes. That will give another surge to market.

This is the interesting article to read:

http://www.fxstreet.com/analysis/str...ng/2015/04/16/
EURUSD is dropping after US CPI release but this looks like a retracement in uptrend. Judging from price action we could expect a possible rejection from POC zone. POC (61.8,L3,historical buyers) is at 1.0710-00 zone. Bounce should be expected towards 1.0810 and 1.0850 respectively. For the bullish trend to resume the support zone at 1.0675-55 should hold and if it holds the price might spike even to 1.0950 in the upcoming week. Spikes which are formed after the news are not technical, they usually drive the price out of equilibrium. When flow hits the market usually there is no buffer. Price subsequently corrects itself into equlibrium again usually following the trend.

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Before the analysis > After the analysis

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Thanks, great analysis as always..
Quoting [email protected]
Before the analysis > After the analysis {image} {image}
I dont like this weekly pattern on gbpusd. It looks like market wants to show us that gbp is retracing, but I don't trust this signal.
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AUDUSD was a good performer last week and it came to a three week high. Fundamentally unemployment dropped to 6.1 from 6.2 ( revised ) on February and there hasn't been a rate cut after last RBA meeting. Technically the pair is rejecting intra week trend line but if we take a look at Friday range we dont see a big movement in the pair. Monday may follow with a low range until later today where RBA governor Glenn Stevens is expected to have a conference.
The pair is aiming for 0.7860 but i am more inclined for a better retracement at 0.7740 zone ( L4, 38.2, triple top/bottom swing ) where we should see a rejection. The rejection should put the pair in the next swing to the upside. Pay attention to trend line but also for a possible retracement.
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How do you think, will the NZDUSD perform in the same way as AUDUSD?
Today there will be some major news regarding AUD. Would you recommend to trade AUD pairs or avoid it for today? If you recommend trading it, would it be BUY or SELL?
Quoting justiniuxas
I dont like this weekly pattern on gbpusd. It looks like market wants to show us that gbp is retracing, but I don't trust this signal. {image}
Lets wait for NY. ALso, will analyze it on today's recap.

Quoting nolimitz
Today there will be some major news regarding AUD. Would you recommend to trade AUD pairs or avoid it for today? If you recommend trading it, would it be BUY or SELL?
I am looking to BUY as shown in the analysis above
Quoting [email protected]
{quote} Lets wait for NY. ALso, will analyze it on today's recap. {quote} I am looking to BUY as shown in the analysis above
Hi T

first, I must apologize for my bad english.
I have sent you a pm,if you can check you messege box?

your fan.
thx a lot.
ZEW economic sentiment in 5 minutes, it should spark additional volatility. NZD and AUD are fighting with USD strength better then rest of the pairs.
as allways tanks for the green pibs T
mario draghi says euro will not go lower , last eyar in portugal president of bes portuguese bank says it wase helthy 6 days after it went bankrout ; ) y think they try to relese some pression but , i ve been reading , it look like big corporation start to have problems in market control becouse of retail sailers .
i still have my chart saying eur down . loking for seel oportunitis . what do you think about this T
be calm be patient and logic
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