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Daily candle chart

  • #8,681
  • Jul 2, 2009 4:27pm Jul 2, 2009 4:27pm
everybody who is trading usd/cad was pretty surprised after seeing
last days bearish engulfing candle today a bullish candle.
But of course there has to be a large bearish candle,
because the was serious resistance above.

So price tested today (bullish candle9, if a good resistance and price will be rejected or...if price takes this resistance for mor long....

Nobody can say, what will happen. But signal of failed bearish engulfing, this gives me a bullish bias for usd/cad.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 17 KB
  • #8,682
  • Jul 2, 2009 4:35pm Jul 2, 2009 4:35pm
For GU I like to show a weekly chart and remind to a posting from dear hussin, where he says, that a short might be entered, if the low of a hanging man is taken...
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  • #8,683
  • Jul 2, 2009 4:43pm Jul 2, 2009 4:43pm
while I was typing there has bee a nice move for bullish usd (only for 10 minutes) , and all pairs have reacted.

So for eur/usd we have seen a nice bearish engulfing, but even more importend, now we have seen a trendline break on my charts downwards...
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 12 KB
  • #8,684
  • Jul 2, 2009 5:17pm Jul 2, 2009 5:17pm
bull target for eur/gbp:

but conservative trades observe the 4 h candle close for candlestick pattern.

you have a small advantage, if you have last closed 3 h candle

I have to go to bed now
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  • #8,685
  • Edited 12:11pm Jul 3, 2009 11:57am | Edited 12:11pm
Hi everyone been real busy with work this week so no time to post.
Indeed there was a bearish reaction around the 161.8 but price reached right up to the 3.0145 lower wedge target and top resistance line and was rejected.We are in this uptrend but I can easily see the possibility of the lower trend line to be tested if 2.9600 breaks.

P.S great to hear you are well Hussin

Quoting Bones
I'm going to pleased if we actually hit 3.0043 If not I think break down , is coming anyway ,correction of trend.
Of course its perfectly possible to break up but im sure the 161.8 will have an effect.
Attached Image (click to enlarge)
Click to Enlarge Name: 7)gbplfx h8 3 july.gif Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,686
  • Jul 3, 2009 12:09pm Jul 3, 2009 12:09pm
I think this weeks candle after the last 2 is going to at least provide a pull back ....
Attached Image (click to enlarge)
Click to Enlarge Name: 8)gbplfx weekly 3 july.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,687
  • Jul 4, 2009 4:58pm Jul 4, 2009 4:58pm
hi all

good to see your safe hussin

on this chart i cant find a pattern for this one,closet i think i can call it is a breakaway http://www.candlesticker.com/Cs88.asp looks bearish

thanks john
Attached Image (click to enlarge)
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  • #8,688
  • Jul 5, 2009 9:05am Jul 5, 2009 9:05am
Quoting Bones
I think this weeks candle after the last 2 is going to at least provide a pull back ....
Hi tony,

wekkly candlestick chart is pretty clear for a short.

On one hand, we have seen a nice time of ranging which should give enough time for accumulate bear power, but on the other hand, this short is against the trend, so it might be a bumpy ride. I will especialy watch out for a hammer or doji if price is touching the trendline (if it goes there).

There is much support on its way down...
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfx.gif Size: 12 KB
  • #8,689
  • Jul 5, 2009 9:18am Jul 5, 2009 9:18am
Quoting desperate
hi all

good to see your safe hussin

on this chart i cant find a pattern for this one,closet i think i can call it is a breakaway http://www.candlesticker.com/Cs88.asp looks bearish

thanks john
Hi desperate,

I can not see a pattern last week, but with the week before, I would say it is a confirmed hanging man. (not that good, because of the upper wick).

But daily nzld/lfx is more interisting, there is a high reliable three inside down pattern at the top of the daily chart.

Question is now, will price first go back to the trendline again, to proof resistance now, or will it simply drop ?

Over all, i would say nzd midterm (2-3 weeks) is bearish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdlfxweek.gif Size: 12 KB
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  • #8,690
  • Jul 5, 2009 9:21am Jul 5, 2009 9:21am
Next I have somme clean eur/lfx charts for you:

where do we go from here ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurlfxcleanweekly.gif Size: 14 KB
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  • #8,691
  • Jul 5, 2009 9:27am Jul 5, 2009 9:27am
Next I have some wicks marked, fibonacci and trendlines.

The weekly eur/lfx might be a weekly fake shooting star. I think this candle only looks like a shooting star, because the top has touched a weekly resistance, so price was pulled back down.

But on the daily is very much exciting: If you look back in past look in which direction the wicks are pointing. I think this is good indication for a resistance turning into a support. And last fridays candle was a test of this new support, so we see a hammer last friday. Mondays candle will verify this point or view, or proof me wrong.

Sorry, charts were missing...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurlfxday.gif Size: 16 KB
  • #8,692
  • Jul 5, 2009 2:51pm Jul 5, 2009 2:51pm
For weekly eur/gbp I have pretty much to zoom in, to
see this is a three inside up pattern.

http://www.candlesticker.com/Cs61.asp

Of course the daily should have give small hints
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbpweek.gif Size: 10 KB
Click to Enlarge Name: eurgbpday.gif Size: 11 KB
  • #8,693
  • Jul 5, 2009 3:19pm Jul 5, 2009 3:19pm
Hey Peter a TL re visit would be great at this stage ,I think it would hold this month
2.9200 is the support Id like to see

Quoting peaches
Hi tony,

wekkly candlestick chart is pretty clear for a short.

On one hand, we have seen a nice time of ranging which should give enough time for accumulate bear power, but on the other hand, this short is against the trend, so it might be a bumpy ride. I will especialy watch out for a hammer or doji if price is touching the trendline (if it goes there).

There is much support on its way down...
Attached Image (click to enlarge)
Click to Enlarge Name: 8)gbplfx d1 3 july.gif Size: 19 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,694
  • Jul 6, 2009 12:38am Jul 6, 2009 12:38am
Quoting hussin naiji
short GBPCHF 1T 7560
till 1.7604
  • #8,695
  • Jul 6, 2009 12:39am Jul 6, 2009 12:39am
Quoting hussin naiji
short USDCAD 1T 1530
lower 1530
  • #8,696
  • Jul 6, 2009 12:39am Jul 6, 2009 12:39am
Quoting hussin naiji
short GBPUSD A RETEST 4 1.6240
hit 1.6250
  • #8,697
  • Jul 6, 2009 12:40am Jul 6, 2009 12:40am
Quoting hussin naiji
usdyen under 95.80
have a more green pips for dear all
best regrads
Hussin
now lower 95.80
  • #8,698
  • Jul 6, 2009 12:41am Jul 6, 2009 12:41am
short USDCAD
  • #8,699
  • Jul 6, 2009 12:41am Jul 6, 2009 12:41am
SHORT USDCHF
  • #8,700
  • Jul 6, 2009 12:43am Jul 6, 2009 12:43am
Quoting desperate
hi all

good to see your safe hussin

on this chart i cant find a pattern for this one,closet i think i can call it is a breakaway http://www.candlesticker.com/Cs88.asp looks bearish

thanks john
HI
you must wait for breakout 6230 then ....
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