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Daily candle chart

  • #11,641
  • Jun 7, 2011 9:41am Jun 7, 2011 9:41am
Quoting Bones
Hey Peter no prob ,im not sure on the coralation between these pairs and the $ I will admit ,what do you think of Nzd-Usd ?

For nzd/usd this pair is exactly what makes me not sleep. I think over it for weeks, until last month close I was with Hussin a bear, but I rethink, and I can not role out, that this will shoot above parity.

I will give you a chart later. At work atm.
  • #11,642
  • Jun 7, 2011 9:47am Jun 7, 2011 9:47am
1.3000 is key but I think break down as long as high is not taken
Attached Image (click to enlarge)
Click to Enlarge Name: nzd-lfx w1 7 -6---11.gif Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,643
  • Jun 7, 2011 11:14am Jun 7, 2011 11:14am
Quoting peaches
For the monthly I thought of a harami, but the wicks are a bit long, pressure from both sides.

http://www.candlesticker.com/Cs41.asp

But sometimes a candle is just a candle. And not a pattern.
thank you sir
good trading
  • #11,644
  • Jun 7, 2011 1:11pm Jun 7, 2011 1:11pm
Quoting Bones
1.3000 is key but I think break down as long as high is not taken
I may -off topic- explain the eventuality, that nzd/usd might be bullish more for month.

My hint for this, was the monthly close above the highs from beginning 2008.

This is simply a bullish breakout on monthly basis. This fits on one hand with my usd-bearish view.

NZD/lfx is on the other hand simply in a weekly sideway mode. You see past resistance in the weekly chart.

IF last month nzd/usd candle was a hanging man, it is not convincing for me, I see a bullish candle with a long lower wick.

Of cause this is just one possibility to explain the charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 18 KB
Click to Enlarge Name: nzdusdweek.gif Size: 35 KB
Click to Enlarge Name: nzdlfxweek.gif Size: 27 KB
  • #11,645
  • Jun 7, 2011 2:08pm Jun 7, 2011 2:08pm
what, IF....

China official says U.S. could pursue weak dollar policy

http://www.reuters.com/article/2011/...7561N320110607
  • #11,646
  • Jun 7, 2011 2:36pm Jun 7, 2011 2:36pm
hi to bear camp and also bull camp
  • #11,647
  • Jun 7, 2011 2:39pm Jun 7, 2011 2:39pm
Quoting peaches
I may -off topic- explain the eventuality, that nzd/usd might be bullish more for month.

My hint for this, was the monthly close above the highs from beginning 2008.

This is simply a bullish breakout on monthly basis. This fits on one hand with my usd-bearish view.

NZD/lfx is on the other hand simply in a weekly sideway mode. You see past resistance in the weekly chart.

IF last month nzd/usd candle was a hanging man, it is not convincing for me, I see a bullish candle with a long lower wick.

Of cause this is just one possibility to explain...
  • #11,648
  • Edited 3:27pm Jun 7, 2011 3:14pm | Edited 3:27pm
I take you point ,I admit the Nzd -Usd is looking bullish and in a strong trend I have seen these candle break ,

Maybe this is the reason you see chf bearish on some other pairs,tho weekly looks very bearish .. possibly its time for retrace
Attached Image (click to enlarge)
Click to Enlarge Name: usd-chf d1 7-6-11.gif Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,649
  • Jun 7, 2011 3:19pm Jun 7, 2011 3:19pm
Quoting Bones
I take you point ,I admit the Usd -Nzd is looking bullish and in a strong trend I have seen these candle break ,

Maybe this is the reason you see chf bearish on some other pairs,tho weekly looks very bearish .. possibly its time for retrace
how about this:
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.gif Size: 43 KB
  • #11,650
  • Jun 7, 2011 3:30pm Jun 7, 2011 3:30pm
Hi Hussin what is your view ?

Quoting hussin naiji
hi to bear camp and also bull camp
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,651
  • Jun 7, 2011 3:32pm Jun 7, 2011 3:32pm
Quoting hussin naiji
maybe usd index:
Attached Image (click to enlarge)
Click to Enlarge Name: usd index.jpg Size: 222 KB
  • #11,652
  • Jun 7, 2011 3:41pm Jun 7, 2011 3:41pm
Sure looks nice ,of course we did just break support tho could be test 1.2400

Quoting peaches
how about this:
Attached Image (click to enlarge)
Click to Enlarge Name: eur-chf w1 7-6-11.gif Size: 14 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,653
  • Jun 7, 2011 3:54pm Jun 7, 2011 3:54pm
I do see a pattern here
Attached Image (click to enlarge)
Click to Enlarge Name: eur-chf w1 7-6-11 5 months.gif Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,654
  • Jun 7, 2011 3:57pm Jun 7, 2011 3:57pm
Quoting Bones
Sure looks nice ,of course we did just break support tho could be test 1.2400
you are right tony, depends on this weekly candle close.

But with high hopes:
Attached Image (click to enlarge)
Click to Enlarge Name: chffx.gif Size: 23 KB
  • #11,655
  • Jun 7, 2011 4:05pm Jun 7, 2011 4:05pm
choppy, choppy, choppy....but maybe worth to monitor for a long entry gbu/usd during London session tomorrow ?

good night
Attached Image (click to enlarge)
Click to Enlarge Name: gbplfx.gif Size: 20 KB
  • #11,656
  • Jun 7, 2011 4:11pm Jun 7, 2011 4:11pm
Yes Peter the gbp is a difficult read tho monthly broke to downside ,possible pull back ..with hammer ,engulfing no more than 2.6300
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-lfx d1 7-6-11.gif Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #11,657
  • Jun 7, 2011 4:20pm Jun 7, 2011 4:20pm
Hell Naiji and others
I have no time to post for a week plus now coz of my keep the body and soul job.I would not know if any one has post anything lately on UJ but here comes my non pro analysis on it.The pair is at 80.00 support and seems having difficulties making a true break.On Monthly TF,the pair is making it second test of the support after the first attempt in 1995.And the market action of March 2011 was a PB.In my humble opinion,i think the PB is still valid.
On daily TF,the last two candles show a double wicks test of 80.00.Though the over all trend is bearish but we may ride the bull soon http://www.forexfactory.com/images/icons/icon10.gif.But with caution.Please do not hesitate to correct me as i am here to learn.Thanks you all.

Adeshina
  • #11,658
  • Jun 7, 2011 6:19pm Jun 7, 2011 6:19pm
Quoting JhonMonsalve
I see bullish harami daily $, I'll be selling the $ @1.59x, after NFP past week, we could see a bottom test again.

Attachment

On the other hand, if $ is able to close above 1.6 again ---> bullish mode on.

Jhon
Holding my shorts on $, let's see, we're going to test the "bottom" on $.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,659
  • Jun 7, 2011 6:28pm Jun 7, 2011 6:28pm
Quoting riko2705
hi jhon,
could you please readthese silver charts when you are around?
thank you..
good trading to all

Hi riko , From what I see in the first chart [Weekly] is a evening star + confirmation -next candle-, after that, I see a couple of dojis -indecision-, the the bullish fake candle, but next one the Kabuse, that's not a harami, because there is not a previous "bullish trend".

On the second chart: Yes, that's a morning star, check the s/r around 36 - 39 zone.

The last chart [Monthly] for me personally, I think is a bearish harami [oppose to the engulf], and the wicks, could be some buyers clearing positions, that chart has more room to go down, I'm not an expert in Silver, but that's my insight. Hope that helps riko!

Jhon
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #11,660
  • Jun 7, 2011 7:46pm Jun 7, 2011 7:46pm
Quoting JhonMonsalve
Hi riko , From what I see in the first chart [Weekly] is a evening star + confirmation -next candle-, after that, I see a couple of dojis -indecision-, the the bullish fake candle, but next one the Kabuse, that's not a harami, because there is not a previous "bullish trend".

On the second chart: Yes, that's a morning star, check the s/r around 36 - 39 zone.

The last chart [Monthly] for me personally, I think is a bearish harami [oppose to the engulf], and the wicks, could be some buyers clearing positions, that chart has more room to go...
yes, helped much
thank you, and good trading
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