accu pivot points eurusd nzdusd
- #22,122
- Oct 29, 2015 6:50am Oct 29, 2015 6:50am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The RBNZ decided to hold with rate cuts last night but it was explicitly said that exchange rate is linked to interest rate decision. Judging from RBNZ comments we can conclude that they are not happy with the current levels in exchange rate and there is a POSSIBILITY for a further cut in December. Although the statement was hawkish just a single sentence which is implying that high exchange rate is unsustainable made me think about possible rate cut in December. As we know NZD is soft commodity currency and if dairy prices stay high so will the NZDUSD.
Technically 0.6725-40 is showing a very good confluence with recent sellers. POC also shows 61.8 fib, H3 and 89 EMA which also suggest a possible T-89 pattern. Those who are familiar with my Price Action Trading School know that Pin Bar rejection off 89 EMA ( T-89 chart pattern ) is very strong. So we have a multiple confluence there. Adding to that there is also an inner trend line which serves as resistance just above POC. Targets for the move are 0.6620 and 0.6595.
Technically 0.6725-40 is showing a very good confluence with recent sellers. POC also shows 61.8 fib, H3 and 89 EMA which also suggest a possible T-89 pattern. Those who are familiar with my Price Action Trading School know that Pin Bar rejection off 89 EMA ( T-89 chart pattern ) is very strong. So we have a multiple confluence there. Adding to that there is also an inner trend line which serves as resistance just above POC. Targets for the move are 0.6620 and 0.6595.
- #22,124
- Oct 30, 2015 4:37am Oct 30, 2015 4:37am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
AUDUSD USDCAD ACCU PIVOT POINTS 24h LO open to LO open
- #22,127
- Oct 30, 2015 11:28am Oct 30, 2015 11:28am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
ACCU Pivot Point - perfect touch
- #22,129
- Nov 2, 2015 4:30am Nov 2, 2015 4:30am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The EURJPY has rallied from a temporary bottom in 131.60 zone and now it is rallying towards POC. This time POC is a neckline of inverted Head and Shoulders pattern type 2- "Inverted Head and Shoulders leaned" .133.30-20 zone is the zone where we should watch for rejections or a breakout to the upside. EURUSD is highly correlated to EURJPY and that is why we need to watch 2 potential scenarios with EURJPY. If you remember my EURUSD analysis from Friday, the pair is currently dropping from POC which also has an impact on EURJPY. As you can see from this excellent Correlation Table (the tool which is a MUST for a serious trader) EURUSD and EURJPY have +94 correlation on last 200 H4 bars, which is considered a highly positive correlation and these pairs are moving roughly in the same direction. Assuming that EURUSD continues to fall , EURJPY will also reject from POC.
Any rejections from POC should target 132.05 initially and any H4 close above POC should target 133.95. POC ( H3, neckline ) is 2 way directional this time and pay attention to rejection ( trend ) or breakout (counter trend)
Any rejections from POC should target 132.05 initially and any H4 close above POC should target 133.95. POC ( H3, neckline ) is 2 way directional this time and pay attention to rejection ( trend ) or breakout (counter trend)
- #22,133
- Nov 3, 2015 3:21am Nov 3, 2015 3:21am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
EURJPY + 60 pip rejection at this point
- #22,135
- Nov 3, 2015 6:10am Nov 3, 2015 6:10am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
EURUSD proceeding with downtrend as suggested
- #22,137
- Edited 11:36am Nov 3, 2015 10:01am | Edited 11:36am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
- #22,138
- Nov 4, 2015 1:50am Nov 4, 2015 1:50am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
GBPUSD + 80 pips after the analysis
- #22,139
- Nov 4, 2015 2:24am Nov 4, 2015 2:24am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
The AUDUSD has had a relief rally after the RBA decided to keep the rates at 2 %. The RBA indicated at the start of 2015 that it wanted to achieve 0.75 for the AUDUSD pair; currently it has surpassed this achievement as it is currently at 0.7200. As I have also explained 2 days ago on that basis, I doubt the RBA will cut rates further. Having said that, if commodities continue to weaken further, expect AUDUSD to weaken further under free markets.
Technically we have 2 POCs. The first POC is 0.7210-0.7225 zone (61.8, descending trend line) and the price could reject here BUT we see that HISTORICAL sellers are a bit higher. POC 2 shows historical sellers, 78.6 ,and X-cross. The zone is 0.7255-70 and if the price get here, we could expect now moment sellers. First target for any rejection off POC or POC2 is 0.7190 zone (H3, 89 EMA) then 0.7150 and 0.7110 (23.6, inner trend line)
Technically we have 2 POCs. The first POC is 0.7210-0.7225 zone (61.8, descending trend line) and the price could reject here BUT we see that HISTORICAL sellers are a bit higher. POC 2 shows historical sellers, 78.6 ,and X-cross. The zone is 0.7255-70 and if the price get here, we could expect now moment sellers. First target for any rejection off POC or POC2 is 0.7190 zone (H3, 89 EMA) then 0.7150 and 0.7110 (23.6, inner trend line)