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This topic contains 84 replies, has 11 voices, and was last updated by  ericalber maldonado 1 month, 1 week ago.

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  • #25101

    Market Analysis from traders for traders AtoZ Forex forum should have the analysis from aspiring forex traders. Please share anything and everything here about your daily market analysis.

    You can also ask as many questions as you may wish. I am especially interested in EURUSD. Do you trade it? What is your forecast?

    For this week, EUR/USD started the week with strong indication towards bullish trend, but things quickly shifted hands with the pair shedding 100 pips very quickly and leaving the pair reeling at around 1.1150 level.

    • This topic was modified 1 year, 2 months ago by  Sydney Ifergan.
    • This topic was modified 1 year, 2 months ago by  Sydney Ifergan.
    • This topic was modified 1 year, 2 months ago by  Sydney Ifergan.
    • This topic was modified 6 months, 2 weeks ago by Jacob Maas Jacob Maas.
    • This topic was modified 6 months, 2 weeks ago by Jacob Maas Jacob Maas.
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  • #41241

    ericalber maldonado
    Participant

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  • #39144

    Ahmed Arbee
    Participant

    NZDUSD Analysis 7/8/2017

    On the daily timeframe price has broken 20 SMA possibly heading for 100 SMA (0.71576)
    On the hourly timeframe both MAs are bearish

    Suggest sell stop at 0.73427 stop loss at 0.73772 take profit at 0.72882.

    Entry Executed.

  • #38395
    Jacob Maas
    Jacob Maas
    Keymaster

    Hi everyone.
    Based on the Aussie NZD trend digger EA, there is pending sell limit order on NZDUSD @ 0.7260, with SL at 0.7295 and TP@ 0.7222

    Note: this EA is still in development stage and we are only forward testing it.

    Switch to FXTM and get $30 to trade
    See the details
  • #38380
    Yagub Rahimov
    Yagub Rahimov
    Moderator

    If you are trading or investing in Ethereum, there is a major supply/demand curve cross at $190.36 level.
    Based on my True Fibonacci Supply Demand wave analysis, we should see the Ethereum price jumping from this level.
    Investment opportunity or?

  • #37770

    Thulani Ngqaza
    Participant

    GBPNZD

    WEEKLY

    WR=1.8000
    WS=1.7142
    W100=down=1.99227
    W20=up=1.7898
    -Price is below both SMAs

    DAILY

    DR=1.77330
    DS=1.7413
    D100=Flat=1.8025
    D20=down=1.7802
    -Price is below both SMAs

    HOURLY

    HR=1.74501
    HS=1.74074
    H100=down=1.7586
    H20=down=1.7446
    -Price is below both SMAs

    SIGNAL

    The trend direction is down and we will look for sell orders.
    Sell @ 1.7413
    ST @ 1.7463
    TP @ 1.7339

    There will be interest rates news coming out later today

  • #37666

    Ahmed Arbee
    Participant

    GBPJPY Analysis 18 June 2017

    On the weekly timeframe 100 SMA is bearish,20 SMA is flat.
    On the daily timeframe 20 SMA is bearish,100 SMA is flat.
    MAs look to be about to cross for bearish movement.
    On the hourly timeframe 100 SMA is bullish, 20 SMA slightly bullish.
    Price is between both MAs price may head to 100 SMA (140.439).

    Suggest sell stop at 141.383 stop loss at 142.057 take profit at 140.439.

    Entry to be executed as market opens.

  • #37598

    Ahmed Arbee
    Participant

    NZDUSD Analysis 15 June 2017

    On the weekly timeframe 100 SMA is recently bullish, 20 SMA is flat.
    On the daily timeframe 100 SMA is flat,20 SMA is bullish.
    On the hourly timeframe 100 SMA is flat, 20 SMA is bearish.
    Price is on the 100 SMA, may be heading for the 20 SMA (0.72578).

    Suggest buy at 0.72249 stop loss at 0.72014 take profit at 0.72578.

  • #37595

    Thulani Ngqaza
    Participant

    GBPUSD

    WEEKLY

    WR=1.29774
    WS= 1.26148
    W100=down=1.37260
    W20=up= 1.26148
    -Price is between both EMAs

    DAILY

    DR=1.29774
    DS=1.26416
    D100=up=1.26411
    D20=down=1.28331
    -Price is between both EMAs doing a (sandwich)
    HOURLY

    HR=1.27605
    HS=1.27293
    H100=Flat=1.27267
    H20=up=1.27612
    Price is between both EMAs doing a sandwish

    SIGNAL

    Price is ranging between 1.27267 and 1.27612 a broke below 1.27612 will trigger sell opportunities
    Sell @ 1.27612
    ST @ 1.2819
    TP @ 1.2687

  • #37543

    Thulani Ngqaza
    Participant

    14 June 14, 2017 NZDJPY

    Weekly
    WR=80.44
    WS=77.53
    W100=down=77.57
    W20=down=78.94
    -Price is above both EMAs

    Daily
    DR=79.74
    DS=78.94
    D100=down=78.38
    D20=up=78.81
    -Price is above both EMAs

    Hourly
    HR=79.55
    HS=79.34
    H100=79.35
    H20=79.45
    -price is trading above EMAs

    Signal
    Wait for the price broke above 79.55 and buy a pullback to that price

    Buy @ 79.55
    Stop loss @ 79.05
    TP @ 80.19

  • #37477

    Thulani Ngqaza
    Participant

    13 June 13, 2017 GBPAUD

    Weekly

    WR=1.7125
    WS=1.6683
    W100=down=1.8579
    W20=up=1.6696
    -Price is between 100 and 20 sma

    Daily

    DR=1.6886
    DS=1.6683
    D100=up=1.6754
    D20=down=1.7189
    -Price is just above the 100 SMA

    Hourly

    HR=1.6770
    HS=1.6726
    H100=down=1.6985
    H20=down=1.6781
    -Price is below both SMAs

    Signal

    We will wait foe a retracement to resistance to sell
    Pending sell order
    Sell @ 1.6770
    ST @ 1.6720
    TP @ 1.6696

  • #37401

    Ahmed Arbee
    Participant

    GBPJPY Analysis 11 June 2017

    On the weekly time 100 SMA is bearish 20 SMA is flat.
    On the daily timeframe 100 SMA is flat 20 SMA is bearish.
    On the hourly timeframe 100 SMA is bearish 20 SMA is recently flat.

    Suggest sell stop at 138.709 Stop loss at 140.242 take profit at 136.537.

    Entry will be executed as market opens.

  • #37400

    Mohammed Arbee
    Participant

    Usdcad analysis

    weekky 100sma and 20sma is bullish
    daily 100sma is bullish and 20sma is bearish
    hourly 100sma is flat and 20sma is bearish
    we will be looking for sell opportunities.

    usdcad sell stop:1.33703
    sl:1.34338
    tp.1.32737

  • #37341

    Thulani Ngqaza
    Participant

    EURNZD

    WEEKLY

    WR=1.6226
    WS=1.5501
    W100=flat=1.5979
    W20=up=1.5372
    -the price is between the moving average’s the( sandwich)

    DAILY
    DR=1.5927
    DS=1.5501
    D100=up =1.5423
    D20=down =1.5893
    -The price is between the moving average’s the sandwich

    HOURLY
    HR= 1.5639
    HS= 1.5571
    H100= down= 14.5725
    H20 = up =1.5634
    -the price is below both moving average’s

    SIGNAL
    The trend direction is down and we are looking for sell pending orders
    Sell @ 1.5639
    SL @ 1.5689
    TP @1.5565

  • #37149

    Ahmed Arbee
    Participant

    GBPJPY Analysis 1 June 2017

    On the weekly timeframe 100 SMA is bearish,20 SMA is flat.
    On the daily timeframe 100 SMA is flat,20 SMA is bearish.
    Price found support on 100 SMA looks to be heading to 20 SMA (144.618).
    On the hourly timeframe both moving averages are bullish.

    Suggest buy stop at 143.786 stop loss at 143.194 take profit at 144.618.

    Entry Executed.

  • #37100

    Thulani Ngqaza
    Participant

    AUDCHF

    WEEKLY

    WR=0.7312
    WS=0.7097
    W100=flat =0.7297
    W20=down =0.7539
    -Price is below both
    Moving average’s

    DAILY

    DR=0.7294
    DS=0.7062
    D100=down =0.7536
    D20=down =0.7301
    -Price is below both
    Moving averages

    HOURLY

    HR=0.7211
    HS=0.7147
    H100=down = 0.7246
    H20= down =0.7192
    -Price is below both
    Moving averages

    SIGNAL

    -We looking for sell pending order
    sell@ 0.7181
    SL @ 0.7232
    TP @ 0.7107

  • #37052

    Ahmed Arbee
    Participant

    EURUSD Analysis 30 May 2017

    On a weekly timeframe the 20 SMA is bullish, 100 SMA is flat, price is above 100 SMA.
    On a daily timeframe the 20 and 100 SMA is bullish, price above the 100 SMA again.
    Price looks to be forming a head and shoulder formation on the daily timeframe, if its broken at the 1.12729 level we can look for a long entry.
    On a hourly timeframe 20 SMA is bullish, 100 SMA is bearish.

    Suggest buy stop at 1.12729 Stop loss at 1.11647 take profit at 1.14269.

    Entry Executed.

  • #36981

    Coenraad Kleinhans
    Participant

    EURUSD Analysis
    Date: 29/05/2017 Time: 06:15 GMT+2

    EURUSD W1D D1D 1HD
    20SMA ↑ ↑ ↓
    100SMA → ↑ ↓

    On hourly time frame trend is on the down side, on daily trend is upwards.
    Fibonacci on Weekly confirmed on Daily time frame @ 61.8 & 38.2 Levels.
    Price is testing key resistance of 1.12354
    Key support level is 1.10982

    Entry Suggestions:
    1) Sell Limit @ 1.11735
    TP: 1.10400 (133 pips)
    SL: 1.12740 (90 pips)

    Weekly Chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo-RpW5VFALFnn4aP1
    Daily Chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo-RtKO_NEKgbZnYTL

  • #36912

    Coenraad Kleinhans
    Participant

    USDCAD Analysis
    Date: 26/05/2017 Time: 08:00 GMT+2

    UADCAD W1D D1D 1HD
    20SMA ↑ ↓ ↑
    100SMA ↑ ↑ ↓

    On hourly time frame trend is on the down side.
    Both weekly and hourly time frame trend direction are on the upside.
    Price is testing key resistance of 1.34890.
    Key support level is 1.33869

    Entry Suggestions:
    1) Sell Stop @ 1.34707
    TP: 1.33898 (80 pips)
    SL: 1.35247 (54 pips)

    If oil weakens further then USDCAD will become bullish and the following trade suggested:
    2) Buy Stop @ 1.34989
    TP: 1.35900 (90 pips)
    SL: 1.34367 (60 pips)

    Weekly Chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo-Q0xr06d-NpJ6t2B
    Hourly Chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo-QwBvEbfHRhTeJ89

  • #36901

    Mohammed Arbee
    Participant

    USDJPY ANALYSIS

    On weekly timeframe 100sma is showing a flat market and market is below the 100sma and 20sma.
    on daily timeframe 100sma is showing a flat market and market is below the 100sma.
    on hourly timeframe 100sma is showing a uptrend and market is above the 100sma and 20 sma we will be looking at buy opportunities.
    BUY LIMIT;111.850
    SL;111.350
    TP;112.590

  • #36865

    Thulani Ngqaza
    Participant

    GBPCAD

    On weekly chart the slope of 100sma is down and the 20sma is up, and the price is in between both sma a (sandwich)
    On daily chart the slope of 100sma is up and the 20sma is down, and the price is between both sma a (sandwich)
    on hourly chart both sma are facing down and the price is below both sma and we will look for sell opportunities

    Pending order
    sell limit @ 1.7420
    stop loss @ 1.7470
    take profit @ 1.7494

    Please dont forget there ïs an opec meeting today

  • #36864
    TradingDoc
    TradingDoc
    Moderator

    USDCAD Analysis

    On hourly time bias is on the down side, current price action indicates a pullback. Bothe weekly and hourly timeframe trend direction are on the upside.
    Price is approaching the key support at 1.3340-45 level. these are my two trade ideas

    1) Sell limit on the current pullback

    Date: 25/05/2017 Time: 07:56 Order placed 25/05/2017
    UADCAD W1D W1P D1D D1P 1HD 1HP Sell Limit@ 1.34533
    20SMA ↑ 1.3337 ↓ 1.3631 ↓ 1.3433 SL@50pips 1.35033
    100SMA ↑ 1.3254 ↑ 1.3337 ↓ 1.3502 TP@74pips 1.33793

    2) Buy limit at the dynamic resistance 1

    Date: 25/05/2017 Time: 07:56 Order placed 25/05/2017
    UADCAD W1D W1P D1D D1P 1HD 1HP buy Limit@ 1.3345
    20SMA ↑ 1.3337 ↓ 1.3631 ↓ 1.3433 SL@85pips 1.3260
    100SMA ↑ 1.3254 ↑ 1.3337 ↓ 1.3502 TP@74pips 1.3471

  • #36860
    TradingDoc
    TradingDoc
    Moderator

    NZDUSD Analysis
    Bias is on up side, further upside if the weekly dynamic resistance breaks through the 0.7054 level

    Pending Trade 1
    NZDUSD Date: 25/05/2017 BSTTime: 07:23 Order placed 25/05/2017
    MA W1D W1P D1D D1P 1HD 1HP buy stop@ 0.7062
    20SMA ↔ 0.7054 ↑ 0.6918 ↑ 0.7036 SL@50pips 0.7012
    100SMA ↔ 0.6885 ↔ 0.7054 ↑ 0.6984 TP@74pips 0.7136

    Pending trade 2 – Price could move downwards to test the hourly 100sma

    NZDUSD Date: 25/05/2017 BSTTime: 07:23 Order placed 25/05/2017
    MA W1D W1P D1D D1P 1HD 1HP buy limit@ 0.6992
    20SMA ↔ 0.7054 ↑ 0.6918 ↑ 0.7036 SL@50pips 0.6942
    100SMA ↔ 0.6885 ↔ 0.7054 ↑ 0.6984 TP@74pips 0.7066

    • This reply was modified 6 months ago by TradingDoc TradingDoc. Reason: added weekly resistance level
  • #36856

    Coenraad Kleinhans
    Participant

    USDCAD Analysis

    USDCAD Date: 25/05/2017 GMT+2: 07:15
    MA W1 D1 1H
    20SMA → ↓ ↓
    100SMA ↑ → ↓

    On hourly time frame price below both moving averages, indicates strung bearish direction.
    An upward channel is visible on daily time frame.
    Price is about to touch the channel, with 100SMA as support. With strong bearish movement the channel and 100SMA might be broken.

    Trade Suggestions:
    Sell Stop @ 1.33487 (61.8% level)
    SL @ 1.33926 (80 pips)
    TP @ 1.32499 (100pips)

    Alternatively if price bounce on 100SMA consider long with the upper level of the channel as TP.

  • #36855
    TradingDoc
    TradingDoc
    Moderator

    AUDUSD Analysis – (1)

    Bias is on the upside on both hourly and daily timeframes
    AUDUSD Date: 25/05/2017 BSTTime: 06:11 Order placed 25/05/2017
    MA W1D W1P D1D D1P 1HD 1HP Buy Limit@ 0.7492
    20SMA ↑ 0.7561 ↑ 0.7436 ↑ 0.7479 SL@40pips 0.7452
    100SMA ↓ 0.7402 ↑ 0.7561 ↑ 0.7469 TP@59pips 0.7591

    AUDUSD Analysis (2)
    Bias is on upside , price may move to retest the 61,8% custom Fib retracement level
    Placed second order at

    AUDUSD Date: 25/05/2017 BSTTime: 06:11 Order placed 25/05/2017
    MA W1D W1P D1D D1P 1HD 1HP Buy Limit@ 0.7465
    20SMA ↑ 0.7561 ↑ 0.7436 ↑ 0.7479 SL@50pips 0.7415
    100SMA ↓ 0.7402 ↑ 0.7561 ↑ 0.7469 TP@74pips 0.7489

    • This reply was modified 6 months ago by TradingDoc TradingDoc. Reason: corrected stoploss level
    • This reply was modified 6 months ago by TradingDoc TradingDoc.
    • This reply was modified 6 months ago by TradingDoc TradingDoc. Reason: added second pending order
  • #36851

    Mohammed Arbee
    Participant

    EURUSD ANALYSIS

    On weekly timeframe 100 sma a downtrend and market is above the 100sma.
    on daily timeframe 100sma and 20 sma is showing a uptrend and market is above the 100sma and 20sma.
    on hourly 100sma is showing a uptrend and market is above the 100sma we will be looking at buy positions
    BUY LIMIT:1.12000
    SL;1.11500
    TP;1.12740

  • #36806
    TradingDoc
    TradingDoc
    Moderator

    NZDUSD Analysis

    NZDUSD Date: 24/05/2017 BSTTime: 06:10
    MA W1D W1P D1D D1P 1HD 1HP
    20SMA ↔ 0.7054 ↑ 0.6909 ↓ 0.7017
    100SMA ↔ 0.6885 ↔ 0.7054 ↑ 0.6956

    On hourly timeframe price is between the moving averages, although the 100sma indicates a bullish direction, I would consider placing following orders
    1) Pending sell stop order @0.6980 level; or waiting for price to break through this key and use a sell limit order o retest of this order SL@50pips
    2) Pending buy stop order @ 0.7020 level with initial target at the weekly 20sma resistance of 1.7054 level.
    3) Pending buy limit at 0.6945 with initial targets at 0.6990 level; TP2 @ 0.7016 level

  • #36805
    TradingDoc
    TradingDoc
    Moderator

    AUDUSD Analysis
    Pending sell order placed

    Date: 24/05/2017 BSTTime: 06:10 Order placed
    AUDUSD W1D W1P D1D D1P 1HD 1HP Sell Limit@ 0.7465
    20SMA ↑ 0.7561 ↓ 0.7433 ↓ 0.7479 SL@50pips 0.7515
    100SMA ↓ 0.7402 ↑ 0.7560 ↑ 0.7457 TP@74pips 0.7391

  • #36796

    Ahmed Arbee
    Participant

    Market Analysis 23 May 2017 GBPJPY

    On a weekly timeframe 100 SMA is bearish 20 SMA is flat.
    On a daily timeframe price is between both moving averages.
    Price has been bouncing between the 148.242 and 135.671 throughout this year so far.
    On the hourly timeframe both M.As were bearish now flat.

    Suggest sell stop at 143.329 Stop loss at 144.075 Take profit at 141.241.

    Entry executed.

    • This reply was modified 6 months ago by  Ahmed Arbee.
  • #36790

    Ahmed Arbee
    Participant

    Hi Yagub was looking to enter long on a break of that level, the target being the 100 SMA(daily timeframe), although buying at resistance is never a good idea do you have any suggestions to avoid this in future for me?

    I have seen that the price might get choppy from my entry to take profit, but I thought the bullish movement may last.

    Thanks a lot for your input.

    Kind Regards

    • This reply was modified 6 months ago by  Ahmed Arbee.
  • #36734

    Ahmed Arbee
    Participant

    Market Analysis AUDUSD 23 May 2017

    On the weekly timeframe 100 SMA is bearish 20 SMA is bullish.
    On the daily timeframe both moving averages are flat, price is between the M.As.
    I believe the price is heading for the 100 SMA (0.7569).
    On the hourly timeframe both moving averages are bullish.

    Suggest buy stop at 0.75247 Stop loss at 0.74928 take profit at 0.75696.

    Entry Executed

    • #36777
      Yagub Rahimov
      Yagub Rahimov
      Moderator

      Ahmed, for AUDUSD analysis, dont you think that 0.7525 s a resistance level? Would you buy at the resistance?

  • #36729

    Thulani Ngqaza
    Participant

    EURUSD

    On weekly the slope of 100sma is flat and the slope of 20sma is facing up and the price broke above both SMA.
    On daily the slope of both SMA is facing up and the price is above them.
    Hourly the price is forming a continuation pattern symmtrical triangle and we will looking for buy signals.
    A broke above 1.1253 or a retest to 1.1230 will trigger buy opportunities.

    pending orders buy limit @ 1.1230
    stop loss @ 1.1180
    take profit @ 1.1304

    • #36778
      Yagub Rahimov
      Yagub Rahimov
      Moderator

      Very nicely done. However, the level between here and 1.1305 is going to be choppy I think.

  • #36728

    Coenraad Kleinhans
    Participant

    EURJPY, 23 May 2017, 05:30 GMT+2

    EURCHF W1D D1D 1HD
    20SMA ↑ ↑ ↑
    100SMA ↓ ↑ →

    Price above weekly, Daily and hourly 100SMA
    Fibo confirmed on 61.8%

    Resistance at 124.047
    Support at 119.655 (61.8% level) &114.902

    Trade suggestion:
    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo-A-ytyuEaS9LqPS3
    1H chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo-BAS6HMfQ754ARiP
    Sell Stop @ 123.295
    SL: 125.146 (90 pips)
    TP: 122.027 (126 pips, 88% level)

    • #36779
      Yagub Rahimov
      Yagub Rahimov
      Moderator

      Coenrad, you have mixed EURCHF and EURJPY in the middle. A little confusing. Also SL and Entry levels are mixed up. Can you share the correct updated analysis? Bare in mind 124.90 level is falling right on an ascending trendline.

  • #36711
    Yagub Rahimov
    Yagub Rahimov
    Moderator

    USDJPY is in limbo.To break or not to break?!

  • #36676

    Coenraad Kleinhans
    Participant

    ASDUSD, 22 May 2017, 05:30 GMT+2

    EURCHF W1D D1D 1HD
    20SMA ↑ → ↑
    100SMA ↑ → ↑

    Price above weekly and hourly 100SMA,
    Fibo confirmed on 110, 38.2

    Resistance at 0.74636
    Support at 0.73255, 38.2%

    Trade suggestion:
    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo-Ajjnj1_kg_vXjUd
    1H chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo-Amg6AqL3_5ojFGa
    Buy Stop @ 0.74690
    SL: 0.73160 (150 pips)
    TP: 0.76700 (200 pips, 100% fibo level)

    If 100SMA level is broken then consider short with 38% fibo level as target TP
    Sell Stop @ 0.74200
    SL: 0.74700 (50 pips)
    TP: 0.73380 (80 pips, 38.2% fibo level)

    Entry executed.

  • #36580

    Coenraad Kleinhans
    Participant

    EURCHF, 19 May 2017, 00:30 GMT+2

    EURCHF W1D D1D 1HD
    20SMA ↑ → ↓
    100SMA ↑ → ↓

    Price above weekly and daily SMAs therefore bullish trend expected and long entries to be considered.
    Fibo confirmed on 110, 38.2

    Resistance at 1.09620
    Support at 1.0864, 261.8% level and possible second test of this level.
    Trade suggestion:
    Buy Limit @ 1.08700
    SL: 1.08114 (52 pips)
    TP: 1.0944 (80pips, 88% fibo level, 1.48*52)
    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo922H5UX36KaCpkTz
    1H chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo924qoKvCR7L6rvlS

    Entry executed.

  • #36579

    Mohammed Arbee
    Participant

    EUR JPY ANALYSIS

    ON WEEKLY TIMEFRAME 100 SMA IS SHOWING A DOWN TREND MARKET IS IN THE SANDWICH.
    ON DAILY TIMEFRAME 100 SMA IS SHOWING A FLAT MARKET AND MARKET IS ABOVE THE 20SMA.
    ON HOURLY TIMEFRAME 100 SMA IS SHOWING A FLAT MARKET AND MARKET IS IN THE SANDWICH MARKET LOOKS GOOD FOR SELL OPPOTUNIIES;

    SELL STOP;123.500
    SL;124.000
    TP;122.760

  • #36574

    Ahmed Arbee
    Participant

    Analysis GBPUSD 18 May 2017

    On a weekly timeframe price is between both moving averages, price may be heading for the 100 SMA, in the long term.
    100 SMA is bearish on the weekly timeframe.
    On the daily timeframe 100 SMA is bullish, a break of the 1.3048 level, could be a good buy.
    Sword candle spotted on the daily timeframe (high was broken).
    On the 1H timeframe the 100 SMA is bullish.

    Suggest buy stop @ 1.3052 stop loss at 1.30036 take profit at 1.31161.

    Entry executed.

    • This reply was modified 6 months, 1 week ago by  Ahmed Arbee.
  • #36498

    Thulani Ngqaza
    Participant

    AUDCAD

    On weekly 100sma and 20sma slope are up and the price is above both sma.
    On daily 100sma slope is pointing up and 20sma slope is pointing down and the price just broke above the 20sma.
    On hourly 100sma is flat and the 20sma is pointing up and the price is above both sma making higher highs.
    we will look for buying opportunities a retest to 1.0154 will trigger buy pending orders.

    Buy limit @ 1.0154
    stop loss @ 1.0104
    Take profit @ 1.0228

  • #36493

    Coenraad Kleinhans
    Participant

    USDCAD, 18 May 2017, 05:15 GMT+2

    USDCAD W1D D1D 1HD
    20SMA ↑ ↑ ↓
    100SMA ↑ ↑ ↓

    Trend overall bullish but 1H has very strong bearish movement, trading entrancement would be possible then look for bullish entries
    Fibo confirmed on 110, 50, 38.2
    Resistance at 1.3742
    Support at 1.3578, break of this support level could signal further retracement to 88% level
    Trade suggestion:
    Sell Stop @ 1.35667
    SL: 1.3643 (65 pips)
    TP: 1.3482 (96pips, 88% fibo level, 1.48*65)
    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo91uWo8dYi_8j2c3H
    1H chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo912mT-dop4EvjrMo

    Entry executed.

  • #36489

    Mohammed Arbee
    Participant

    GBPUSD ANALYSIS

    on weekly timeframe 100 sma showing a downtrend market is between both moving averages(sandwich)
    on daily timeframe 100 sma is showing a flat market.
    on hourly timeframe 100 sma is showing a flat market sell opportunities can be taken once the market breaks through the 20sma.

    sell stop;1.29450
    sl;1.29950
    tp;1.28710

  • #36430

    Coenraad Kleinhans
    Participant

    GBPUSD, 17 May 2017, 05:10 GMT+2
    Rework from analysis on 16 May by group.

    GBPUSD W1D D1D 1HD
    20SMA ↑ ↑ ↑
    100SMA ↓ ↑ →

    Retest of resistance at 1.29480, sword candle on Daily TF
    Support at 1.21063
    Fibo confirmed on several key levels

    Trade suggestion:
    Although market is not trending in specific direction and choppy we can short the highs and long the lows.
    Sell Limit @ 1.29480
    SL: 1.30248 (85 pips)
    TP: 1.2822 (125pips, 138.2% fibo level)
    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo91grRL61yeHr8630
    Daily chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo91ehpkzBb_SMrpJP

    Entry executed.

  • #36429

    Thulani Ngqaza
    Participant

    EURAUD

    On weekly 100sma and 20sma slope is up and the price broke above 100sma.
    On Daily 100sma and 20sma slope is up and the price is above both sma.
    On hourly 100sma and 20sma slope is up and the overall trend is up a retest between 1.4948-1.4913 will trigger buy opportunities.

    pending orders buy limit @ 1.4938
    stop loss @ 1.4878
    take profit @ 1.5042

  • #36427

    Coenraad Kleinhans
    Participant

    EURUSD, 17 May 2017, 05:10 GMT+2

    EURUSD W1D D1D 1HD
    20SMA ↑ ↑ ↑
    100SMA → ↑ ↑

    100SMA trend flat on Weekly, Daily, 1H indication bullish movement.
    Major resistance at 1.1120
    Major support at 1.09334 confirmed by fibo 76.4% level and 100SMA
    Previous week have tested 100SMA and possible bearish entry just below.
    Price above 20 & 100SMA on 1H, Daily and Weekly

    Trade suggestion:
    Although trend is bullish suggest trading retracement to 88% level of 1.10499
    Sell Limit @ 1.11130
    SL: 1.1125 (12 pips just above resistance level of 1.1120)
    TP: 1.1056 (56pips, 88% fibo level)
    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo91TbI96DNTTxNrDz
    Daily chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo91Xoaom-vPoXAiwH

    Entry executed.

  • #36420

    Mohammed Arbee
    Participant

    AUDUSD ANALYSIS

    On Weekly time frame 100 sma is showing a downtrend market has broken through the 100sma to the downside.
    on daily time frame 100sma is showing a flat market,market is below the 100sma and 20sma.market has touched resistance.
    on hourly time frame 100 sma is showing a uptrend when market breaks through the 20 sma and 100 sma we can look for sell opportunities.

    sell limit;0.73900
    sl;0.74400
    tp;0.73160

  • #36342

    Thulani Ngqaza
    Participant

    USDCHF

    On weekly chart 100sma is flat and the price it been ranging between both sma making a (sandwich)
    On daily chart 100sma is flat and the price just broke below both sma now we will no more looking for buying opportunities.
    On hourly chart the price is below both sma and the 100sma id facing down price is at the support 0.9954 a retest to 0.9961 level will favor the bears.

    pending limit orders

    sell @ 0.9961
    stop loss @ 1.0011
    take profit @ 0.9887

  • #36337

    Thulani Ngqaza
    Participant

    GBPUSD

    On weekly chart 100sma is pointing down and the price is between 20sma and 100sma.
    On daily 100sma is flat and the price just broke below the 20sma and will automatically go to the 100sma and we will start look for selling opportunities.
    On hourly price is below both sma and is just below the resistance 1.2894

    Pending orders
    sell limit @ 1.2909
    stop loss @ 1.2959
    take profit @ 1.2835

  • #36333

    Coenraad Kleinhans
    Participant

    USDCAD, 15 May 2017, 21:02 GMT+2

    Weekly, Daily 20&100SMA bullish, 1H SMAs pretty flat <10 pips movement
    Fibonacci levels confirmed, recently retraced to 110% level as major support, 1.3577

    Major resistance at 1.3791
    Major support at 1.3311 (50%), 1.3427 (76.4%) & 1.3577 (110%)
    Price moved/broke below 1H 20 & 100SMA with possible short term bearish movement expected, Daily is still bullish with 100SMA as support therefore long entries will be considered.

    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo90bTL3eRsdDKkWlW
    Daily chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo90fRGEEQ_HtnPJr_

    Trade suggestion(s):
    Buy Limit @ 1.3583
    SL: 1.3525 (58 pips below support)
    TP: 1.3770 (190 pips just above the next support level)

    Entries executed.

  • #36329

    Coenraad Kleinhans
    Participant

    GBPUSD, 15 May 2017, 20:02 GMT+2

    EURUSD W1D W1P D1D D1P 1HD 1HP
    20SMA ↑ (60) 1.2507 → (06) 1.2898 → (04) 1.2912
    100SMA → (50) 1.3841 → (05) 1.2538 → (05) 1.0885
    pip movement indicated in () for last 3 candles

    Only indication is 20SMA Weekly trend with 60 pips upwards, 100SMA is downwards, possible crossover and trend change in near future?.
    Major support at 1.2769 & 1.2848
    Major resistance at 1.2931 & 1.2984
    Price moved/broke below 1H 20 & 100SMA with possible bearish movement expected.
    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo90QYueDmMLOwtfmP
    Daily chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo90Xm0oclaABmGdB_

    Trade suggestion(s):
    Buy Limit @ 1.2850
    SL: 1.2840 (10 pips just below support level of 1.2848)
    TP: 1.2927 (76 pips confirmed just below 161.8% of fib, see 1H chart below)

    If support of 1.2848 is broken then suggest
    Sell Stop @ 1.2839
    SL: 1.2855 (15 pips above previous support level of 1.2848)
    TP: 1.2774 (65 pips just above the next support level)

    Entries executed.

  • #36323

    Mohammed Arbee
    Participant

    GBP USD ANALYSIS 15/05/2017

    MARKET IS SHOWING A DOWNTREND ON WEEKLY TIMEFRAME,MARKET IS BETWEEN THE 20SMA AND 100SMA [SANDWICH] ON WEEKLY TIMEFRAME.
    ON DAILY TIMEFRAME 100 SMA INDICATES A FLAT MARKET AND MARKET IS ABOVE THE 20SMA.
    ON HOURLY 100SMA IS SHOWING A DOWNTREND AND MARKET HAS BROKEN BELOW THE 100 SMA AND IS BREAKING THROUGH THE 20SMA THIS IS SHOWING A DOWNTREND GOOD SELL OPPORTUNITY.

    SELL LIMIT;1.29100
    SL;1.29600
    T/P;1.28360

  • #36316

    Charlene Shepherd
    Participant

    GBPUSD – WEEKLY TF – CANDLES SANDWICHED BETWEEN MA’S
    DAILY TF – MA’S ARE TO THE UPSIDE
    SELL LIMIT AT PREVIOUS SUPPORT / RESISTANCE ZONE @ 1.3050
    STOPLOSS @ 1.3322
    TP @ 1.21938

  • #36315

    Charlene Shepherd
    Participant

    USDCAD WEEKLY & DAILY TF ABOVE MA’S
    Trend is up after a correction /retracement

    BUY LIMIT @ 1.3533
    STOPLOSS @ 1.3464
    TP 1 @ 1.3815
    TP 2 @ 1.3950
    TP 3 @ 1.4106

  • #36295

    Ahmed Arbee
    Participant

    Analysis EURUSD 15 May 2017

    Price is between the 100 and 20 SMA on the weekly timeframe.
    100 SMA indicates flat market on weekly timeframe.
    On a daily timeframe 20 SMA is heading upwards, however 100 SMA indicates flat market.
    Support found at 61.8 % fib (Sword candle in the past) hence 1.06840 should be significant support.
    On the 1H timeframe the 100 SMA is flat.
    MAs have crossed on the 1H but a move up has met resistance.

    Suggest Sell limit at 1.09920 Stop loss at 1.10201 Take profit at 1.09507.

    • This reply was modified 6 months, 1 week ago by  Ahmed Arbee.
  • #36286

    Coenraad Kleinhans
    Participant

    EURUSD, 15 May 2017, 06:05 GMT+2

    EURUSD W1D W1P D1D D1P 1HD 1HP
    20SMA ↑ (32) 1.0750 ↑ (22) 1.0909 → (06) 1.0914
    100SMA → (05) 1.0992 → (04) 1.0717 → (00) 1.0885
    pip movement indicated in () for last 3 candles

    100SMA trend flat on Weekly, Daily, 1H indication possible consolidation at the resistance point.
    20SMA 1H is also flat at end of Asian session.
    Major support at 1.05733
    Major resistance at 1.1038
    Previous week have tested 100SMA and possible bearish entry just below.
    Price sandwich between 20 & 100SMA.

    Trade suggestion:
    Sell Limit @ 1.09833 (100SMA as resistance)
    SL: 1.1042 (58 pips just above resistance level of 1.1038)
    TP: 1.0898 (85pips @ 1.48 SL, confirmed just above 161.8% of fib, see 1H chart below)
    Weekly chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo90KEwyRzjhM08k6_
    Daily chart: https://1drv.ms/i/s!AlMAnoJ_Aqyo90PpOZW3Sh-uk69G

    Entry executed.

  • #36283
    TradingDoc
    TradingDoc
    Moderator

    NZDUSD 20170515, 00:30(BST)

    Date: 15/05/2015 BST Time: 00:30am
    SMA W1D W1P D1D D1P 1HD 1HP
    20SMA ↔ 0.7050 ↓ 0.6928 ↑ 0.6852
    100SMA ↔ 0.6885 ↔ 0.7054 ↓ 0.6878

    Sell Limit @ 0.6882 test of the weekly 100sma acting as resistance
    SL: 0.6954(72 pips)
    TP: 0.6776 (106pips)

  • #36280
    TradingDoc
    TradingDoc
    Moderator

    AUDUSD 20170515, 00:17(BST)
    Both moving average’s giving unclear signal,
    Date: 15/05/2017 BSTTime: 00:03
    SMA W1D W1P D1D D1P 1HD 1HP
    20SMA ↑ 0.7545 ↓ 0.7460 ↑ 0.7390
    100SMA ↓ 0.7408 ↑ 0.7545 ↔ 0.7368

    Sell Limit @ 0.7460 close to 61.8% fib retracement zone
    SL: 0.7512(52 pips)
    TP: 0.7383 (77pips)

    • This reply was modified 6 months, 1 week ago by TradingDoc TradingDoc. Reason: tidy up
  • #36279

    Coenraad Kleinhans
    Participant

    GBPJPY 20170514, 9.55PM (GMT)
    Weekly SMAs bearish, Daily is bullish, hourly 100SMA turning flat.
    Strong resistance tested at level 148.404 (200%fib), possible move upwards to test this level again.
    Sell Limit @ 147.374
    SL: 148.727 (136 pips, just above 200% fib)
    TP: 145.327 (1.48 x 136pips)

    Daily chart here: https://1drv.ms/i/s!AlMAnoJ_Aqyo9z5WyYY41OQ1m80K
    Weekly Chart here: https://1drv.ms/i/s!AlMAnoJ_Aqyo9z0DEIMwSw7DHkcC

  • #36277
    Yagub Rahimov
    Yagub Rahimov
    Moderator

    I am looking for USDJPY Buy limit@ 112.75 with SL of 112.19 and TP of 113.57 then I will look for sell opportunities

  • #36192

    Coenraad Kleinhans
    Participant

    Date: 2017/05/11 Time: 12:00
    GBPJPY W1D W1P D1D D1P 1HD 1HP
    20SMA ↑ (24) 1.2477 ↑ (10) 1.2884 → (5) 1.2915
    100SMA ↓ (37) 1.3866 → (7) 1.2518 → (1) 1.2942

    GBPJPY, 11 May 2017 @ 12:00
    20SMA and 100SMA forming sandwich and gap closing which indicated no clear trend
    Weekly 20SMA and 100SMA forming a sandwich, 20SMA upwards, 100SMA downwards, previous week high 163.639, previous week low at 119.683
    Daily 20SMA & 100SMA flat with little movement.
    Hourly 20SMA and 100SMA are both flat with no clear trend or direction
    Major support levels, 126.413, 117.875
    Major resistance levels, 194.859 & 160.035 & 148.185
    Retraced to fibo 38.2% level twice forming resistance, possible bearish movement to 61.8% level, price broke below 20 & 100 SMA on 1H
    100SMA expected to form new resistance

    Sell limit @ 146.840
    TP: 140.820 (600 pips) 61.8 % fibo level
    SL: 148.225 (140 pips)
    Extra small lot

  • #36189
    TradingDoc
    TradingDoc
    Moderator

    USDCAD Analysis
    Price is above the weekly 20 and 100sma’s. The overall bias is bullish with weekly 20 and 100sma slopingup and acting as support levels. This bullish outlook on the higher time is supported by the price action on the daily chart with both daily 20 and 100sma sloping up. On Daily chart the 20sma is sloping up and above the 100sma. On hourly time frame the price is between the 20sma and 100sma, with 20sma above the 100sma and sloping up. the 100sma is sloping down.
    Pending action
    1) Buy stop @ 1.3772 with 50pips SL
    2) Sell stop @ 1.3638 with an SL of 50pips
    3)buy limit @1.3563 with a SL 50pips

  • #36188
    TradingDoc
    TradingDoc
    Moderator

    GBPJPY Analysis

    Price is sandwiched between the weekly 20 and 100sma’s. 157.28 acting as the weekly resistance level and 14114 acting as the weekly support level. Price has bounced of the the weekly support level and heading north towards the weekly 100sma. The overall bias is bearish with weekly 100sma sloping down. On Daily chart the 20sma is sloping up and above the 100sma. On hourly time frame the price is below both the 20/100sma and recent formation of a “sword” candle would indicate a possible reversal.
    Pending action
    1) Buy stop @ 148.12 with 80pips SL
    2) Sell stop @ 146.08 with an SL of 80pips
    3) Sell limit @146.92 with a SL 80pips

    • This reply was modified 6 months, 2 weeks ago by TradingDoc TradingDoc.
  • #36184

    Coenraad Kleinhans
    Participant

    Date: 2017/05/11 Time: 12:00
    EURJPY W1D W1P D1D D1P 1HD 1HP
    20SMA → (6) 120.823 ↑ (41) 121.424 → (0) 124.093
    100SMA ↓ (17) 124.469 → (0) 120.380 → (2) 123.841

    EURJPY, 11 May 2017 @ 12:00
    20SMA and 100SMA forming sandwich and gap closing which indicated no clear trend
    Weekly 20SMA flat, 100SMA moved 17 pips down last week, previous week high 132.267, previous week low at 110.802
    Daily 20SMA moved 41 pips has bullish indication while 100SMA is flat.
    Hourly 20SMA and 100SMA are both flat with no clear trend or direction
    Major support levels, 119.638 & 123.546
    Major resistance levels, 124.487, 100 SMA acting also as resistance and confirming fibo & resistance level

    If pair breaks resistance level of 124.449 consider long entries with pending buy stop just above this level.
    Sword candle on H1, therefore short term long entry considered
    Buy just above 123.546 resistance level (Support @ 88% fibo level)
    TP: 124.425 (70 pips)
    SL: 123.285 (42 pips)

  • #36183
    TradingDoc
    TradingDoc
    Moderator

    EURJPY Analysis
    Price is sandwiched between the weekly 20 and 100sma’s. 124.46 acting as the weekly resistance level and 120.80 acting as the weekly support level. Price has bounced of the the weekly resistance level and heading south. The overall bias is bearish with weeekly 100sma sloping down. On Daily chart the 20sma is sloping up and just below the 100sma. Price action bullish and the 20sma is about cross above the 100sma to form a “golden cross”. On hourly time frame the price is below both the 20/100sma and recent formation of a “sword” candle would indicate a possible reversal.
    Pending action
    1) Buy stop above the high of 124.53 at 124.56 with 70pips SL
    2) Sell stop @ 123.27 with an SL of 70pips
    3) Sell limit @123.85 with a SL 70pips

    • This reply was modified 6 months, 2 weeks ago by TradingDoc TradingDoc. Reason: forgot the currency pair that was analysed
  • #36182

    Mohammed Arbee
    Participant

    Eurjpy market analysis

    weekly chart 100 sma showing a flat market price is between the 2 moving averages we need to wait for break out to see trend direction.daily time frame market is flat and has broken the 100sma to the upside.on the hourly market has broke the 100sma support looking for sell opportunities
    sell limit:123.700
    stop loss:124.200
    tp:122.950

    usdcad market analysis

    weekly chart 100 sma showing uptrend and market has broken above the 100sma so it will be going up.on daily chart 100sma is showing a flat market.on hourly 100sma is showing a flat market but market has broken through the 100sma sell opportunities will be good.

    sell limit:1.36900
    sl:1.37400
    tp:1.36150

    gbpjpy market analysis

    weekly chart 100sma is showing a downtrend market is still above the 100sma.on daily 100sma is showing a uptrend and market is above the 100sma.on hourly 100sma is showing a downtrend and market has broken through the 100sma sell opportunities could still be taken.

    sell limit:146.600
    sl:147.100
    tp:145.850

  • #36181

    Coenraad Kleinhans
    Participant

    Date: 2017/05/11 Time: 12:00
    USDCAD W1D W1P D1D D1P 1HD 1HP
    20SMA → 1.3329 ↑ 1.3621 → 1.3706
    100SMA → 1.3231 → 1.3328 → 1.3697

    USDCAD, 11 May 2017 @ 12:00
    Weekly 20SMA and 100SMA both flat, previous week high 1.4577, previous week low at 1.2542
    Daily 20SMA has bulish indication while 100SMA is still flat.
    Hourly 20SMA and 100SMA are both flat with no clear trend or direction
    Major support levels, 1.26838 & 1.24542
    Major resistance levels, 1.4577
    Personally I think CADUSD will still go up to level 1.4577, I would rather do a sell limit there and wait than enter long
    Could not find enough resistance at current price level, might drop to 88% level which is a good support then enter buy.

  • #36180

    Thulani Ngqaza
    Participant

    GBPJPY: 11 May 2017

    On weekly chart the price is at the middle of 100sma and 20sma near the previous high 148.454 and it just returned at 148.10 making the double top pattern.
    On Daily chart the slope of 100sma is flat and it broke the 146.87 support and favors the bears.
    Hourly the price is below both 100sma and 20sma now we no more looking for buy opportunities. a retest at 146.87-147.112 will trigger sell opportunities.
    Sell limit @ 146.87
    Stop loss @ 147.37
    Take profit @ 146.13

  • #36178

    Thulani Ngqaza
    Participant

    USDCAD 10 May 2017

    On the weekly chart the slope of the 100sma is flat and the price is between 1.3932 and 1.36693
    On Daily chart the slope of the 100 is flat and the price is consolidating between 1.3690 and 1.3742
    Hourly chart a close above the 1.3742 will favor the bulls wait for retest of that level with:
    Buy limit @ 1.3742
    Stop loss @ 1.3692
    Take Profit @ 1.3816

    When trading CAD pairs you need to look at the oil price well.

  • #36176

    Thulani Ngqaza
    Participant

    EURJPY 10 May 2017

    On weekly the price is between 100sma and 20sma the (sandwich) it touched the 100sma at 124.491 the resistance. The slope of the 100sma is facing down and the price will follow the trend direction on the downside going automatically to touch the 20sma.
    On Daily the slope of 100sma is flat and the price is choppy between 124.491 and 123.533.
    On hourly the slope of 100sma is facing up and we looking for buy opportunities.
    buy limit order @ 123.553
    Stop loss order @ 123.05
    take profit @ 124.29

  • #36153

    Ahmed Arbee
    Participant

    EURJPY Analysis 11 May 2017

    Weekly 100 SMA indicates slight downward trend, however price is between the 20 and 100 SMA (a pivotal level),since price has approached 100 SMA there is no definitive trend on the weekly timeframe.
    Price is above the 100 SMA on an hourly timeframe.
    100 and 20 SMA about to cross for upward movement on the daily timeframe.
    Suggest buy stop at 124.331 Stop loss at 123.994 take profit at 124.841.

    GBYJPY Analysis

    Price is heading for the 100 SMA on the weekly timeframe, supported from below by the 20 SMA.
    Price is in a uptrend on the daily timeframe, above both Moving Averages.
    Price is above the 100 SMA on a hourly timeframe, but appears to be consolidating.
    Suggest Buy Stop at 148.257 stop loss at 147.884 take profit at 148.808.

    USDCAD Analysis

    Price is above both moving averages on a weekly timeframe,100 SMA indicates slight uptrend.
    20 SMA indicates uptrend on daily timeframe, resistance at 1.37594.
    Price is approaching the 100 SMA on the hourly timeframe, which may act as support.
    Suggest buy stop at 1.37594, stop loss 1.37012 take profit at 1.38425.

  • #36136
    Yagub Rahimov
    Yagub Rahimov
    Moderator

    Place your analysis here.

  • #36133
    TradingDoc
    TradingDoc
    Moderator

    GBPUSD Analysis @ 18:46BST
    Price is sandwiched between the weekly 20sma and 100sma with 20sma sloping up and 100sma sloping down. Over higher time frame bias is on the bearish side. Weekly resistance level is set at 1.3854 level and support at 1.2500 level. At time of writing, price is at 1.2939, with plenty of upside movement towards the 1.3854 level.
    On the Daily timeframe, GBPUSD is in an uptrend, with both Daily 20sma and 100sma sloping up. Price has broken through the 1.2900-10 level and possible daily support level. A clear break above the 1.3055 level would strengthen the bullish view.
    On H1 timeframe, both hourly sma’s are sloping upwards. However, price has broken both hourly sma’s. The hourly support at 1.2925 could be retested, before continuing on the upside.
    Pending action:
    1) Buy limit @1.2836 level.
    2) Sell limit on the retest of the 1.2900 level

  • #36130
    TradingDoc
    TradingDoc
    Moderator

    XAUUSD Analysis @ 17:28BST

    On the weekly chart, after the rapid drop over the previous two weeks, price is testing the weekly 100sma at 1209.32 level. This is a strong support level, a clear break of this level we could see price move towards the 1169.46 support level. With weekly 20ma crossed over the weekly 100sma indicates a possible reversal of price towards the upside.
    On the Daily time frame price broke through the Daily 100sma touching a low of 1213.41. If price closes today below yesterdays low we could see a test of the 1209 and possibly 1203 support levels tested. The Daily 20sma is sloping down while 100sma is sloping up, with 20sma above 100sma.
    On H1 timeframe price is below both H1 sma’s, with the overall hourly trend indicated by the 100sma sloping down, whilst the hourly 20sma is sloping up. Bias is on the hourly time frame is on the downside. If price breaks though yesterdays low as mentioned above the weekly support level would be tested at 1209.32 level. A break above the weekly resistance level 1228.32 would indicate a possible bullish move.
    Pending Action:
    1) Buy limit at 1209.35 level.
    2) Buy limit on the retest of 1228.32
    3) Sell limit on the retest of the 1214.36 level.

  • #36125

    Coenraad Kleinhans
    Participant

    NZDUSD: Wednesday 10 May, 17:00
    Analysis by sub group 3

    Weekly 20 & 100SMA indicating long term downward trend, Daily 20 & 100SMA downward trend with 100SMA consolidating.
    20& 100SMA on 1H chart is sideways with strong upward trend for past hour.
    Fibo drawn from 0.69663 to 0.68421.
    Possible resistance at 0.69469, with possible further bullish movement to major resistance of 0.69663.
    Suggest SHORT entry, pending Sell Limit at level of 0.69663.
    TP1: 0.69207 at 61.8 FIBO level, 48 pips
    TP2: 0.69061 at 50% FIBO level, 60 pips
    SL: 0.70031, just above next major resistance, 36 pips

    Entry only after 23:00 news, interest rate decision, fundamentals
    Chart available

    BR,
    Coenraad & Charlene

  • #36121
    TradingDoc
    TradingDoc
    Moderator

    NZDUSD Analysis Time@12:45pm
    Weekly sma’s are flat. With weekly resistance at 0.7050 level and support at 0.6884 levels. Meaning price acttion is likely sideways. For clear direction would be indicated by a break in either direction. When we switch to Daily timeframe, price is respecting the 0.6884 support level and bounced off it with a possible bullish engulf chart pattern if the price does not retrace. A daily close above the 0.6944-50 level could indicate a possible move towards the 0.7050 resistance level. On Hourly timeframe both ma’s are sloping upwards. The 0.6944-50 level is currently acting as a resistance level. A clear break above the 0.6950 would indicate a price move above towards the 0.7050 resitance level.
    Pending Action:
    1) Pending Buy limit at retest of the 0.6944-50 level SL@50pips and TP@74pips
    2) Pending Sell limit @ 0.7048 SL@50pips and TP@74pips

    • This reply was modified 6 months, 2 weeks ago by TradingDoc TradingDoc.
  • #26349

    GBP/USD was in those devil moods with no letting up from last week; it remained staying at similar levels and will again try to break down inside 1.20, but may still just pull up before another wave coming in.

  • #26347

    EUR/USD as also indicated by SAR headed down wards and went below 1.09 level and it settled down at 1.0880 level before closing out on the week, it’s likely that we will see the week continue in somewhat similar range but may just pull back touch.

  • #25105

    GBP/USD this week was in full force with the pair jumping down heavily after the events releasing, it’s likely that we will see the things continue in same way with major events set to push the pair much deeper.

  • #40104

    FXTechstrategy Team
    Participant

    GBPUSD: The pair followed through higher on Friday on the back of Thursday gains. Support lies at the 1.3150 level where a break will turn attention to the 1.3100 level. Further down, support lies at the 1.3050 level. Below here will set the stage for more weakness towards the 1.3000 level. Conversely, resistance stands at the 1.3250 levels with a turn above here allowing more strength to build up towards the 1.3300 level. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level. On the whole, GBPUSD continues to face further upside pressure with price extension on Friday.

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  • #39998

    FXTechstrategy Team
    Participant

    CRUDE OIL: The commodity has extended its bull pressure as it looks to build up on it further. On the downside, support resides at the 47.50 level where a break will expose the 47.00 level. A cut through here will set the stage for a run at the 46.50 level. Further down, support resides at the 46.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the upside, resistance resides at the 48.50 level. Further out, resistance comes in at the 49.00 level. A break above here will aim at the 49.50 level and then the 50.00 level followed by the 50.50 level. All in all, CRUDE OIL remains biased to the upside nearer term on corrective recovery.

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  • #39928

    FXTechstrategy Team
    Participant

    USDCHF: With the pair backing off lower prices to close higher the past week, more strength is envisaged in the days ahead. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. On the upside, resistance resides at the 0.9700 level where a break will clear the way for more strength to occur towards the 0.9750 level. Further out, resistance comes in at the 0.9800 level. Above here if seen will turn attention to 0.9850. All in all, USDCHF faces further upside pressure on corrective recovery.

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  • #40030

    FXTechstrategy Team
    Participant

    EURUSD: With the pair continuing to retain its downside pressure on correction, more weakness is likely despite present price hesitation. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support lies at the 1.1900 level where a violation will aim at the 1.1850 level. A break of here will aim at the 1.1800 level. All in all, EURUSD faces further downside pressure on correction.

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