K.I.S.S -Simple Setups from Comparic.com

Hello All,
I will place here some of our analysis which can help you to make a decision what and how to trade.
My goal is to Keep It Simple Stupid ,using indicators as less as possible.
Our analysis are based on Price Action rules sometimes combined with macro events.
Our site comparic.com provides every day fresh articles regarding trading on forex markets ,but
you will also find here some educational articles which can help in your trading.
You are welcome to place your comments here and share with us your ideas
I have one more thread where you can find my "Hardcore Scalping Project" journal with detailed statistics and reports made twice a week.

USDJPY- On Way To 38,2% Fibo Retracement

Technically coming to charts you can expect further declines in USDJPY at around 38.2% Fibo correction and a fairly strong resistance 111.40. Soon, the pair can move in a range between 23.6% and 38.2% – 111.40- 114.20.
I am waiting for SELL signal, which may perhaps appear at around 113.00.

More details on our site : http://comparic.com/usdjpy-way-382-fibo-retracement/

AUDUSD

H4 chart of AUDUSD points on very strong bullish trend which lately broke resistance near last high. Currently there is a correction which can move in direction of support...
more about here http://comparic.com/audusd-resistance-call-option/
and our morning (for Europe) market overview http://comparic.com/market-overview-...cused-america/

According to my post no. 2 USDJPY ... came time to SELL - awaited signal came on H1 chart ,a small bearish pin bar:

Edit (21:00 GMT+1) Fail...Mrs Yelen had a speech hour ago...and supported USD and made him grow stronger so closed on SL -40 pips ;(

AUDCAD- opportunity to trade Aussi seems strong and CAD weak due to yesterdays events-

In short term we see the strengthening of the Australian currency and the weakening of the Canadian dollar, which occurred after the decision of the Bank of Canada on interest rates and the conference of chairman Stephen Poloza and yesterdays remarks made by the administration of new US President Donald Trump, whose representative suggested the possibility of renegotiating each point of the North American Free Trade Agreement (NAFTA). This combination of strong and weak currency may lead to seek opportunities to purchase AUDCAD currency pair.
More details here :

http://comparic.com/audcad-strong-au...rtunity-trade/

If you are interested i n trading exotic pairs- take a look at USDTRY.. For January 24 is planned meeting of the Central Bank of Turkey (TCMB) on monetary policy. Situations could improve rate hike. It is said that rates could rise by up to 200 basis point (for comparison the central banks of developed countries typically use a change of 25 basis points), but these are only speculations and judgement of investors.

On H1 we see that market is moving from last Friday in a consolidation creating a ascending triangle formation. Bullish breakout could open way to further growth and re-test of level 3.9200. However, if the market breaks the bottom, potential declines could even reach the level of around 3.7070.
more details http://comparic.com/investor-scalper...torical-highs/

Its worth paying attention to GBPJPY...from technical point of view there we can expect a great move from this Inside Bar
more here : http://comparic.com/gbpjpy-inside-bar-worth-attention/

Situation as predicted this morning, now we should wait for night data from Japan and if there is a good signal (a possible candle with a long lower shadow...than Buy
more :http://comparic.com/gbpjpy-inside-bar-worth-attention/

Time to buy GBPJPY after retesting...continued.. :http://comparic.com/gbpjpy-inside-bar-worth-attention/

Edit: closed +100p after 2 h

In first days of this year price broke out from a descending wedge and now
returned to the upper limit of the wedge which is also a bearish trend line. Reaction from demand on this line was quite overwhelming. Its worth considering opening a BUY trade... more here:

http://comparic.com/audnzd-rebound-declining-wedge/

And there she goes... broke the channel line and we have a divergence on MACD- so Buy was a good decision along with former post (look up

http://comparic.com/audnzd-rebound-declining-wedge/

AUDNZD - Still actual, closed some 30p and now opened again, if Australian data will be satisfying...UP they go...
http://comparic.com/audnzd-rebound-declining-wedge/

And here some more about SILVER : http://comparic.com/analysis-beginne...consolidation/
comments appreciated

AUDNZD working..still waiting for a strong bullish move...
On GBPUSD- lets wait until data from USA..2 hours left... and than at last time for weekend...

http://comparic.com/gbpusd-50-abolition-growth-impulse/

AUDNZD-Buy ?

I have two Buy orders from Friday still open at the moment which circulate around +/- zero. I spotted today my favorite formation Inside Bar on this Antipodean cross… There are two possible versions of breaking out from it shown on chart … because I have opened Longs I will watch carefully the behavior of prices at the lower band of IB . Some more details : http://comparic.com/audnzd-awaiting-...-bar-breakout/

PS: I have some problems with synchronisation of my Trade Explorer with my brokers account...but hope it will be managed soon,
but until than some info about account you can get from here at the moment :
http://www.myfxbook.com/members/Mrde...rro275/1828255

AUDDNZD- working , at the moment on minus but the main move ( North of course ) still didn't start.

Yesterday I opened a second thread where I will focus on scalping setups - http://www.forexfactory.com/showthre...99#post9500799

And for today If you like crosses- some analyses of Asian pair -NZDJPY which may be helpful in making a decision.

NZD/JPY In A Key Area Of Resistance

Its possible that declines will be temporary and corrective only. A quick look at the H4 interval indicates a slowdown in declines with local support based on the previous top. Slightly longer candles lower shadow in the region give a chance to recover from declines. On the other hand, the collapse of this support should mean further declines in the first goal in the region of 82.00... details - http://comparic.com/analysis-beginne...ea-resistance/

AUDNZD continued

As In my post from Jan 30, the pair after bad news from labour market - (unemployment went to 5,2% expected 4,8) made a turn to North. Now we can expect bullish movement first to 1.0450 than pull back and again up like on the graph http://comparic.com/audnzd-awaiting-...-bar-breakout/

AUDCAD

Chart H4 pair AUD/CAD shows that price breaks out from consolidation. This could mean a return to the trend with which we have since the beginning of the year.

http://comparic.com/audcad-breakout-...n-call-option/

NZDUSD

On Daily chart of this pair we see interesting situation- during a strong bullish trend which started on 4Th January , we had three consecutive Inside Bar formations. The last one in which we are now was already broken out thru the top but both daily candles closed inside the IB drawing long upper shadows...

more here : http://comparic.com/trading-inside-bars/

AUDUSD is in a strong bullish trend from the beginning of the year. Last two daily candles set a Inside Bar formation (red box). We can expect a bullish breakout from the IB due to the lasting trend.
As shown on attached Daily chart, before a breakout possible is a pullback in area shown with green line. If such situation occurs- we should hunt for a Price Action Buy signal on lower time frame ( 15M-H4)... details here

http://comparic.com/trading-inside-bars-audusd/

AUDUSD- the situation need clarification...I will wait with decision until RBA meeting ( 4:30 GMT+1)

NZDUSD- as in the post from Feb 3th , I went Short, so many False breakouts ( red circle) from this IB, lets take a chance and Sell.


http://comparic.com/trading-inside-bars/