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  • #21,301
  • Apr 16, 2015 3:14am Apr 16, 2015 3:14am
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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  • #21,302
  • Apr 16, 2015 5:01am Apr 16, 2015 5:01am
Going up as planned!
  • #21,303
  • Apr 16, 2015 6:32am Apr 16, 2015 6:32am
The target has been hit!
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  • #21,304
  • Apr 16, 2015 1:44pm Apr 16, 2015 1:44pm
hi T what is you point of vew in the eur usd ?
Scalping
  • #21,305
  • Apr 16, 2015 3:26pm Apr 16, 2015 3:26pm
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.
  • #21,306
  • Apr 16, 2015 8:15pm Apr 16, 2015 8:15pm
Quoting T@rantula
{quote} Hi, will do the analysis tomorrow or Monday. This is a correction. Mostly USD driven.
thanks ; )
Scalping
  • #21,307
  • Apr 17, 2015 12:51am Apr 17, 2015 12:51am
Quoting T@rantula
{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.
  • #21,308
  • Apr 17, 2015 2:25am Apr 17, 2015 2:25am
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.
  • #21,309
  • Apr 17, 2015 7:22am Apr 17, 2015 7:22am
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/
  • #21,310
  • Edited 8:35am Apr 17, 2015 8:22am | Edited 8:35am
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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  • #21,311
  • Apr 17, 2015 2:51pm Apr 17, 2015 2:51pm
Before the analysis > After the analysis

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  • #21,312
  • Apr 17, 2015 10:12pm Apr 17, 2015 10:12pm
Thanks, great analysis as always..
Quoting T@rantula
Before the analysis > After the analysis {image} {image}
  • #21,313
  • Edited 3:35pm Apr 19, 2015 6:45am | Edited 3:35pm
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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  • #21,314
  • Apr 20, 2015 3:16am Apr 20, 2015 3:16am
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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  • #21,315
  • Apr 20, 2015 4:53am Apr 20, 2015 4:53am
How do you think, will the NZDUSD perform in the same way as AUDUSD?
  • #21,316
  • Apr 20, 2015 4:56am Apr 20, 2015 4:56am
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?
  • #21,317
  • Apr 20, 2015 5:43am Apr 20, 2015 5:43am
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
  • #21,318
  • Apr 20, 2015 11:45am Apr 20, 2015 11:45am
Quoting T@rantula
{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.
  • #21,319
  • Apr 21, 2015 3:56am Apr 21, 2015 3:56am
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.
  • #21,320
  • Apr 21, 2015 12:20pm Apr 21, 2015 12:20pm
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
Scalping
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