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  • #21,481
  • May 27, 2015 5:04am May 27, 2015 5:04am
EURJPY is showing bullish trend on intraday timeframes and 134.20-134.05 could provide bounces towards 134.65. POC ( H3, inner trend line, 50 fib, intraday trendline ) should hold the pair if it retraces down. Only H4 close above 134.65 should target 135.00-30. Adding to the bullish bias we can also spot irregular W 1 2 3 leaned pattern which marks the slow grind to the upside targets.
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  • #21,482
  • Edited 8:03am May 27, 2015 7:10am | Edited 8:03am
Quoting T@rantula
EURJPY is showing bullish trend on intraday timeframes and 134.20-134.05 could provide bounces towards 134.65. POC ( H3, inner trend line, 50 fib, intraday trendline ) should hold the pair if it retraces down. Only H4 close above 134.65 should target 135.00-30. Adding to the bullish bias we can also spot irregular W 1 2 3 leaned pattern which marks the slow grind to the upside targets. {image}
+45 currently +70 ....
  • #21,483
  • May 27, 2015 5:21pm May 27, 2015 5:21pm
I like the usdjpy longs in mid 123's. good luck to all.
  • #21,484
  • May 28, 2015 1:46am May 28, 2015 1:46am
EURJPY all targets have been hit.
  • #21,485
  • May 28, 2015 1:46am May 28, 2015 1:46am
Quoting d0ta
I like the usdjpy longs in mid 123's. good luck to all.
Yes , could be it.
  • #21,486
  • May 28, 2015 4:49am May 28, 2015 4:49am
AUDUSD had a poor CAPEX data, there is a scope for more rate cuts and latest technical perspective looks bearish. Adding to fundamental aspects, AUDUSD chart shows a bearish equidistant channel zig zag with 1.7590 and 1.7565 being targets for AUDUSD. Pullback toward POC 0.7690-80 ( L4, previous swing, 38.2 )could be used for short trades. If the pair manages to close below the channel then 1.7590 and 1.7565 will be the targets.

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  • #21,487
  • May 28, 2015 6:47am May 28, 2015 6:47am
Quoting T@rantula
AUDUSD had a poor CAPEX data, there is a scope for more rate cuts and latest technical perspective looks bearish. Adding to fundamental aspects, AUDUSD chart shows a bearish equidistant channel zig zag with 1.7590 and 1.7565 being targets for AUDUSD. Pullback toward POC 0.7690-80 ( L4, previous swing, 38.2 )could be used for short trades. If the pair manages to close below the channel then 1.7590 and 1.7565 will be the targets. {image}
10 pibs scalping on this one ; )
Scalping
  • #21,488
  • May 28, 2015 10:40am May 28, 2015 10:40am
Quoting T@rantula
AUDUSD had a poor CAPEX data, there is a scope for more rate cuts and latest technical perspective looks bearish. Adding to fundamental aspects, AUDUSD chart shows a bearish equidistant channel zig zag with 1.7590 and 1.7565 being targets for AUDUSD. Pullback toward POC 0.7690-80 ( L4, previous swing, 38.2 )could be used for short trades. If the pair manages to close below the channel then 1.7590 and 1.7565 will be the targets. {image}
This setup still in play? I like your trading style btw
  • #21,489
  • May 29, 2015 12:26am May 29, 2015 12:26am
Quoting denmohd
{quote} This setup still in play? I like your trading style btw
Yes it was valid, happened during Asia, protect your profits. Thanks for comment
  • #21,490
  • May 29, 2015 12:45am May 29, 2015 12:45am
EURUSD important PP for today R-resistance M-Mid Pivot S - support

R3 1.1086

M5 1.1058

R21.1030

M4 1.1004

R1 1.0979

M3 1.0951

DPP 1.0923

M2 1.0897

S1. 1.0872

M1 1.0844

S2 1.0816

M0 1.0790

S3 1.0765
  • #21,491
  • May 29, 2015 11:53am May 29, 2015 11:53am
Hi again. Everybody freaks out about the new $/Y high, but whats about this ??

Of course one week later it can look different but at the moment..

For a long term D1 i dont give it a chance till the Pair does not reach 125 and holds it, not to speak about 124..

Opinions ?

W1
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How to opt out annoying user signatures ??
  • #21,492
  • May 30, 2015 1:30am May 30, 2015 1:30am
If anyone's interested in following the Dax30, below is interesting post, its definitely a market at the "cross-roads" - Bears v Bulls. Who will win. Depends on Greece I think.

http://www.forexfactory.com/showthre...71#post8293071
  • #21,493
  • Jun 1, 2015 1:04am Jun 1, 2015 1:04am
NZDUSD has formed another descending channel and currently it is rejecting off 0.7123 POC (channel top, H3, DPP, 38.2) towards L3 - 0.7063. H1 is looking like a bearish railway pattern rejecting off POC and MACD is below 0, which accounts for a downtrend. Break of 0.7055 could target 0.7025 and 0.6980. From technical perspective all eyes are on 0.7063 but if the pair manages to close and break above 0.7130 we could see a deeper retracement towards 0.7156.
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  • #21,494
  • Jun 1, 2015 4:04am Jun 1, 2015 4:04am
Quoting PariCovek
If anyone's interested in following the Dax30, below is interesting post, its definitely a market at the "cross-roads" - Bears v Bulls. Who will win. Depends on Greece I think. http://www.forexfactory.com/showthre...71#post8293071
Thanks! It will be volatile once the deal is done
  • #21,495
  • Jun 1, 2015 4:15am Jun 1, 2015 4:15am
Quoting T@rantula
{quote} Thanks! It will be volatile once the deal is done
It looks like internal turmoil in the Syriza camp, they are running out of candidates to represent with the IMF... The deal will take a while is my best guess.
  • #21,496
  • Jun 1, 2015 6:07am Jun 1, 2015 6:07am
Quoting PariCovek
{quote} It looks like internal turmoil in the Syriza camp, they are running out of candidates to represent with the IMF... The deal will take a while is my best guess.
Mine too...
  • #21,497
  • Jun 1, 2015 6:51am Jun 1, 2015 6:51am
Quoting T@rantula
NZDUSD has formed another descending channel and currently it is rejecting off 0.7123 POC (channel top, H3, DPP, 38.2) towards L3 - 0.7063. H1 is looking like a bearish railway pattern rejecting off POC and MACD is below 0, which accounts for a downtrend. Break of 0.7055 could target 0.7025 and 0.6980. From technical perspective all eyes are on 0.7063 but if the pair manages to close and break above 0.7130 we could see a deeper retracement towards 0.7156. {image}
After initial drop from POC, it broke through 7130. All breakouts once, once booked as profits could be seen as potentially shorting opportunities until 7200 breaks.
  • #21,498
  • Jun 1, 2015 7:35am Jun 1, 2015 7:35am
and NZDUSD ++++++
  • #21,499
  • Jun 2, 2015 12:51am Jun 2, 2015 12:51am
Quoting Toranaga
Hi again. Everybody freaks out about the new $/Y high, but whats about this ?? Of course one week later it can look different but at the moment.. For a long term D1 i dont give it a chance till the Pair does not reach 125 and holds it, not to speak about 124.. Opinions ? W1 {image}
123.50 buying on dips with 122.80 SL targeting 126.00
  • #21,500
  • Jun 2, 2015 1:34am Jun 2, 2015 1:34am
Last night RBA left the rates unchanged but because there are possibilities for further easing adding to weakness in business capital expenditure in mining and non mining sector. Having a correlation to copper expenditure also, this is deemed as dovish. Aligning fundamental with technical factors, yesterday on Session Recap webinar, i have stated that shorts around 0.7760 on rallies are welcome. As we could see, AUDUSD has had a rally, but we can also see that pullbacks towards 0.7705-15 ( 61.8, H3, DPP ) could also be used for selling into rallies. So we need to pay attention to 0.7705-15 and 0.7760 for possible rejections.
AUDUSD is expected to reenter bearish channel but only if it is rejected from the zone.Stops should be kept around 0.7780 as historical buyers could spike the price above making AUDUSD back into neutral to bullish territory. Targets are 0.7580 and 0.7500.

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