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Daily candle chart

  • #15,941
  • Edited 8:50am Jan 31, 2014 6:53am | Edited 8:50am
Hello everyone,

I have followed this thread for years; You have really contributed in my understanding of the FXMarket in general, and especially in candlestick analysis. I still see myself as a beginner/amateur, but I am eager to learn more!
I hope you can share your knowledge regarding EURNOK aswell.
I have a big shortposition in EURNOK, (entries during late december 2013 and early January 2014), based on the doji formed in december 2013 (Monthly chart). Until 15th of January I had a confirmation, but the last two weeks it has surged.

What are your analysis on these candlesticks and what to expect? I see the power of sellers in December (the reason I sold), but how do I deal with the January candlestick?

I wasn't able to attach the chart, so please use this or your own platform:

http://www.investing.com/currencies/eur-nok-candlestick

I look forward to hear from you.
  • #15,942
  • Jan 31, 2014 1:14pm Jan 31, 2014 1:14pm
Hi Pw welcome to the thread ,ill try and look bit unusual pair
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  • #15,943
  • Jan 31, 2014 1:16pm Jan 31, 2014 1:16pm
I think now we see something nice

Quoting Bones
usd jpy , chf jpy monthly usd chf monthly {image} {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpymonthly close.png Size: 30 KB
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  • #15,944
  • Jan 31, 2014 1:23pm Jan 31, 2014 1:23pm
got way layed with other stuff ,but d1 there was an evening star ,I think lower also NZD is a sell
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCADMonthly.png Size: 24 KB
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  • #15,945
  • Jan 31, 2014 1:25pm Jan 31, 2014 1:25pm
this is a good location for such a candle
Attached Image (click to enlarge)
Click to Enlarge Name: NZDLFXMonthly.png Size: 13 KB
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  • #15,946
  • Jan 31, 2014 1:28pm Jan 31, 2014 1:28pm
what can I say about jpy other than buy
Attached Image (click to enlarge)
Click to Enlarge Name: LFXJPYMonthly31.png Size: 26 KB
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  • #15,947
  • Jan 31, 2014 1:46pm Jan 31, 2014 1:46pm
strong sell nzd jpy monthly
Attached Image (click to enlarge)
Click to Enlarge Name: nzd JPY monthly Spot.png Size: 17 KB
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  • #15,948
  • Jan 31, 2014 3:30pm Jan 31, 2014 3:30pm
neat little engulfing at the bottom of range,not a particularly wick chart either way
Attached Image (click to enlarge)
Click to Enlarge Name: usd CHF monthly 31 Spot.png Size: 20 KB
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  • #15,949
  • Feb 1, 2014 3:18am Feb 1, 2014 3:18am
eur nok
Its not the best monthly to short prob ,I do see poss pullback
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NOK weekly Spot.png Size: 22 KB
Click to Enlarge Name: NOK Spot.png Size: 37 KB
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  • #15,950
  • Feb 1, 2014 6:59am Feb 1, 2014 6:59am
pivot has held up leaving engulfing/upper wick ,trend was pretty weak ,by real bodies ,


Quoting Bones
well I notice its being labeled double bottom ,? after last year ?? just these candles are small relatively , see if it can break immediate pivot zone , previous month high taken ,tweezer /engulfing I don't know nothing really pretty {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Gold Ounce USD.png Size: 28 KB
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  • #15,951
  • Feb 1, 2014 9:11am Feb 1, 2014 9:11am
anyone knows what does the last candle means?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 35 KB
  • #15,952
  • Feb 1, 2014 9:34am Feb 1, 2014 9:34am
consolidation ?
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  • #15,953
  • Feb 1, 2014 9:44am Feb 1, 2014 9:44am
I like this hammer it broke by a few pips then fell ,monthly does not suggest bullish ,but that monthly accumulation and big break looks so good ,

Quoting Bones
eur gbp w1 {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur GBP monthly Spot.png Size: 41 KB
Click to Enlarge Name: eur gbp w1 GBP Spot.png Size: 33 KB
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  • #15,954
  • Feb 2, 2014 5:37am Feb 2, 2014 5:37am
I doubt a long based on monthly ,fail of this level engulfing solid close as long as no gap up tonight ,
whist you could say small ,the level is important



Quoting twrayner
USD in Play! http://www.youtube.com/watch?v=Z1dVqzzqXXs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur USD monthly Spot.png Size: 25 KB
Click to Enlarge Name: eur usd USD close d1 Spot.png Size: 29 KB
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  • #15,955
  • Feb 2, 2014 5:59am Feb 2, 2014 5:59am
of course monthly looks solid bear ,weekly and daily ,daily takes problem area imo

Quoting Bones
chf jpy ,pull back after break ,d1 tweezer engulfing I don't believe ,unless breaks , {quote} {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chf JPY d1 Spot.png Size: 37 KB
Click to Enlarge Name: chf JPY w1 Spot.png Size: 27 KB
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  • #15,956
  • Feb 2, 2014 6:01am Feb 2, 2014 6:01am
Monthly Dark Cloud Cover for GBPJPY and GBPUSD.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpymonthly.png Size: 25 KB
Click to Enlarge Name: gbpusdmonthly.png Size: 35 KB
  • #15,957
  • Feb 2, 2014 6:11am Feb 2, 2014 6:11am
yea ,now is defective dark cloud better than the eu engulf

for eur gbp

Quoting Hope
Monthly Dark Cloud Cover for GBPJPY and GBPUSD. {image} {image}
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  • #15,958
  • Feb 2, 2014 6:18am Feb 2, 2014 6:18am
Based on you 2 charts
I think we must assume the tl will break and thats not a inverted hammer ,but jpy we know can be difficult ,
inverted hammer after previous blue doji fail w1


Quoting Hope
Monthly Dark Cloud Cover for GBPJPY and GBPUSD. {image} {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usd JPY d1 Spot.png Size: 32 KB
Click to Enlarge Name: usd JPY w1 Spot.png Size: 25 KB
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  • #15,959
  • Feb 2, 2014 6:20am Feb 2, 2014 6:20am
Bones,

any thoughts on the Eur Aud weekly close.
Looks bearish + divergence
  • #15,960
  • Feb 2, 2014 6:30am Feb 2, 2014 6:30am
Quoting Bones
Based on you 2 charts I think we must assume the tl will break and thats not a inverted hammer ,but jpy we know can be difficult , inverted hammer after previous blue doji fail w1 {quote} {image} {image}

Most likely to test 99.000 due to Monthly Bearish Engulfing. Will watch PA closely.
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