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USD/SEK Buying Zone

The USD/SEK 1D chart is in an accelerated bull trend. Both oscillators are at overbought readings, so we expect some sort of correction in the near future. Given this, we're looking at the 7.400 to 7.500 area as an interesting buying area, combining both trend lines as well as the 50% retrace of the latest bull wave. We'd like to see the oscillators return to around equilibrium as well before entering out position.

NZD/USD Bullish Breakout

We're getting a bullish breakout of the descending line on the NZD/USD 1H chart. We're interested in buying the pair in general, but not before it clears some proximate resistance hurdles, so we have it on our watch list. The general plan is to see these resistance levels cleared and to wait for a pullback and retest of them before entering long.

GBP/CHF POSSIBLE REVERSAL

The GBP/CHF 30M chart is indicating a possible directional shift. The pair has formed a descending triangle/wedge formation of sorts, with the bottom currently looking to be broken down. The next significant support zone is all the way down at the 1.5160 level, so we see this as a reasonable shorting entry area, with a fairly tight stop and a healthy reward margin.

AUD/NZD: SHORT SOMEWHERE

Looking at the AUD/NZD in timeframes ranging from 5M all the way up to the 1W, shows us a clearly down-trending market. We're just looking for anywhere to short, so on whatever time-frame you like trading, keep an eye out for possible shorting patterns to enter the overall market direction and trade with the flow.

AUD/CHF FALSE BREAKOUT

the AUD/CHF 30M chart has seen a flase bearish breakout of the sideways consolidation. This kind of false breakout is generally a bullish signal, this also coincides with the direction of the previous impulsive move. Therefore, we're currently looking for a bullish breakout of this formation, which should send us higher.

EUR/AUD CONTINUATION PATTERN

The EUR/AUD is looking bearish, with an impulsive wave down followed by a sideways correction. A break of the flag pattern should send us back to the 1.46500 area, according to the flag projection, as well as the support and resistance zone at that level.

AUD/USD SHORTING OPPORTUNITY

The AUD/USD is in a down-trend, and we're looking at a divergence between price+RSI and Slow-Stochastic. Therefore, we're interested sellers, with a stop just above the upper descending line, and targets down at the bottom of the channel range.

USD/SGD: BUYING ON A TREND PULLBACK

The USD/SGD is in a strong up-trend on the 30M chart. We're liking this zone for a buy, with price trading around the trend-line support, the 50% fib retrace, and with indications from both RSI and Stochastic that the counter-trend move may be exhausted.

GBP/JPY LOOKING FOR PATTERN BREAKOUT
The GBP/JPY 1H chart is consolidating in what appears to be some sort of a wedge formation. The overall directional bias is to the upside, with the RSI holding above 50 thus far, and stochastic being near overbought, we're looking for a break to the upside.

EUR/NZD DESCENDING TRIANGLE

We're looking at this descending triangle on the EUR/NZD 1H chart as a good selling opportunity, backed by overbought stochastic readings, as well as an overall bearish market structure, with a preceding impulsive wave down prior to the descending triangle forming. Projection has targets at around 1.5600 level.

CHF/JPY BULLISH POTENTIAL

The CHF/JPY Daily chart is exhibiting some buying potential. We're looking at an impulsive up move, followed by a corrective down move back to the 21 and 8 EMA's. We may be looking at a rejuvenation of the upside capability as indicated by the stochastic pointing up, as well as the possible sideways basing as a conclusion of the downside correction. We favour a buy on the pair, aiming to crack the recent highs and head towards the 128.000 level.

GBP/NZD 30M BULLISH OUTLOOK

The GBP/NZD is trading at a point of equilibrium with a slight directional bias to the upside. The pair is using the kumo as support, as well as the 21 and 8 EMA's, and in addition is holding above 50 readings on the oscillators. The pair is currently in a symmetrical triangle formation, and thus we're looking to buy a bullish breakout of this pattern, confirming our directional bias.

GOLD: LONG TERM OUTLOOK AND PROJECTIONS

Looking at the Weekly chart of Gold, we can see a descending triangle formation, the base of the pattern has been broken only to reverse back, and now we're getting another breakdown. This is a key moment for the long term gold outlook, if we break the recent lows, the pattern will be officially broken, and as such the basic projection will be a drop to around the $900 per ounce area. This may be a very plausible drop if we get more good data from the US coupled with hawkish fed statements leading to a rate hike in mid 2015.
Alternatively, if gold does not break the lows, but rather trades higher, the fake breakout may be construed as a short as a squeeze of the last buyers before starting a big move higher, projection wise towards the 1550 support and resistance area. This scenario is certainly plausible, as the US economy may start to falter in 2015, which may induce the Fed to reverse course back to dovishness and potentially QE4 initiation.
Either way, it is an important time to follow gold on a longer term time-frame, so as to assess the direction for the next couple of trading years.

AUD/NZD 4H: Pattern Breakout

The AUD/NZD is in a well defined bear trend, and we're looking for the downside breakout of recent consolidation, and the descending triangle formation. A break lower should ultimately send us towards the 1.3500-1.0300 handle, with 1.04700 area serving as future resistance in the case of a breakout-retest sequence.

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http://www.investingacademy.co.uk/en...-dec-29-jan-2/

USD/CAD 2 Way Pattern

The USD/CAD 4H chart is trading inside a wedge formation. In terms of the overall market structure, we're still in a bull market, with the ascending trend-line coinciding and serving as support alongside the kumo cloud. However, we've got a cross-back from overbought on the slow stochastic, as well as some big bearish engulfing candles in terms of the inner pattern price action. Therefore, Our current assessment is to wait for a breakout higher to go long or a break lower to go short, as we have no major bias on the pair technically speaking.

BUYING OPPORTUNITY ON THE CHF/JPY

The CHF/JPY 4H chart is trading at horizontal support (120.610), as well as at support from a previously broken descending trend-line. This coupled with an oversold stochastic reading, in an otherwise neutral market makes us interested buyers. We'd like to see the current candle close with some significant lower wick, which in turn should make us very bullish, aiming to move towards the 123.000 handle.

AUD/USD TREND REVERSAL

The AUD/USD 4H chart seems to be ripe for a shift in trending momentum. The pair has broken the descending trend-line to the upside, has formed a massive breakout buying candle, and has broken RSI resistance at around the 60 reading. These factors make us short term bulls on the pair, after which we'll have to see how price action reacts at higher levels.

GBP/AUD BREAKING LOWER

The GBP/AUD has broken down from a wedge pattern which formed on the 4H chart. We're currently bearish on the pair, and looking for a break of the 1.89900 support, which will then become our short entry level as a breakout-pullback play.

EUR/CAD BEARISH OUTLOOK AND PATTERN

The EUR/CAD is trading sideways in a descending wedge formation. We're bearish on the pair, with the latest impulsive move being to the downside, coupled with the 100 SMA serving as resistance, after a recent spike above it failed. The way to trade such setups is to keep things simple, enter on a breakdown of the pattern, with a stop above the upper trend-line and 100 SMA, and no defined target as we're looking for an impulsive bearish move.