Dislikedhi mates, What is your view at USD/CAD now? Seems like uptrend lost the power, ready for correction?Ignored
Its still uptrend but its been stuck in a 100 pip range 1.3175-1.3275.
- #21,905
- Sep 14, 2015 2:56am Sep 14, 2015 2:56am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Sign up for FREE Session Recap webinar today- Last week produced +175/+195 pips pool. All results are always
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https://goo.gl/91PPf5
- #21,906
- Sep 14, 2015 7:33am Sep 14, 2015 7:33am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The AUDUSD has rejected from the first POC we had last week - 1.7070 which i presented LIVE on Session Recap webinar and today we see another move up which traders could use to short into. Any hawkish comment about rate hike or an actutal hike will be used to buy dollar on dips and in this case sell AUDUSD on rallies. Have in mind that tomorrow RBA will have a meeting where it will issue in-depth insights about economical conditions. Asia session should be volatile.
Technically the pair is trying to reach POC/POC 2 zone which is the zone for possible shorts. POC ( H3, 78.6, previous sellers ) stands around 1.7140 zone while POC2 ( H4, 88.6, hidden bearish divergence dip ) stands at 0.7175-85. Historical Hidden bearish divergence should hold the pair from further advancement ( 0.7220 ) so we shoul look for rejections in the zones. From risk:reward perspective POC2 is better to short into but still we need to watch reactions around first POC as the zone could give some short term opportunities too.
Technically the pair is trying to reach POC/POC 2 zone which is the zone for possible shorts. POC ( H3, 78.6, previous sellers ) stands around 1.7140 zone while POC2 ( H4, 88.6, hidden bearish divergence dip ) stands at 0.7175-85. Historical Hidden bearish divergence should hold the pair from further advancement ( 0.7220 ) so we shoul look for rejections in the zones. From risk:reward perspective POC2 is better to short into but still we need to watch reactions around first POC as the zone could give some short term opportunities too.
Hi!, im new here and i came for one reason: i saw one of your webinars yestarday and after looking for more of you i discovered this and i realized that i envolved right now in aussie (bat pattern, confluence, fibos etc) at the same level.
So i only want to thank you, and say that you have a new follower because i really like price action and the way of your analisys.
My nick of course is a tribute to the spiders den
So i only want to thank you, and say that you have a new follower because i really like price action and the way of your analisys.
My nick of course is a tribute to the spiders den
- #21,909
- Sep 15, 2015 4:02am Sep 15, 2015 4:02am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
Hi!, im new here and i came for one reason: i saw one of your webinars yestarday and after looking for more of you i discovered this and i realized that i envolved right now in aussie (bat pattern, confluence, fibos etc) at the same level. So i only want to thank you, and say that you have a new follower because i really like price action and the way of your analisys. My nick of course is a tribute to the spiders den
I like it.Thanks for comments . As you can see - both CAMMACD and Harmonics have been aligned which is exactly why the price is falling now, well one of the reasons at least.
We got the wind in our back after JPY strength so both techs and fundies supported the dip.
Feel free to comment and post, and welcome!
- #21,912
- Sep 15, 2015 7:27am Sep 15, 2015 7:27am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
GBPUSD ANALYSIS: Read full article here:
http://goo.gl/YXEo03
http://goo.gl/YXEo03
- #21,914
- Sep 16, 2015 2:44am Sep 16, 2015 2:44am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
While we are patiently waiting for FOMC meeting we need to know that interest rate differential between US and Switzerland definitely favors the dollar. Having a record unemployment rate at 5.1 % FOMC is a step closer to rate hike and recent Yellen comments suggested that China turmoil had no significant impact on FED's plans about the hike.
USDCHF is buy the dips mode. Technically we can spot V shaped reversal which has been very strong to the extent that it is forming a giant inverted head and shoulders pattern on H4 chart. We should be focused on a retracement towards 0.9630-40 zone ( 78.6, previous buyers, L3, X cross ) If the retracement happens we could take a long position with a good r:r . Inner trendline is providing support so 0.9595 should hold ( inner trend line, 88.6 ).
Rejection from POC targets 0.9760 and H4 close above the level will target 0.9820.
USDCHF is buy the dips mode. Technically we can spot V shaped reversal which has been very strong to the extent that it is forming a giant inverted head and shoulders pattern on H4 chart. We should be focused on a retracement towards 0.9630-40 zone ( 78.6, previous buyers, L3, X cross ) If the retracement happens we could take a long position with a good r:r . Inner trendline is providing support so 0.9595 should hold ( inner trend line, 88.6 ).
Rejection from POC targets 0.9760 and H4 close above the level will target 0.9820.
