In this Thread, I will be positing free analysis about various currencies based on my on observation, and also what I have read elsewhere. I will start…
Technical analysis of USD/CAD for December 10, 2015
1.3621 - Swing High
1.3607 - Intraday Resistance
1.3555 - WR3
1.3547 - Intraday Support
1.3517 - Technical Support
Trading recommendations:
Day traders should consider placing sell orders from current levels with tight SL and TP at the level of 1.3547.
[B]EUR/USD Technical View for 10th Dec 2015[/B]
The EUR/USD pair is still making attempts to go further upwards, while the bias in the market remains bullish. The price is testing the resistance line of 1.0900, and in case the resistance line is breached to the upside, the resistance line of 1.0950 would be the next target, which might be easily attained by bulls.
[B]USD/CHF Technical View for 10th Dec 2015[/B]
This pair is still in a strong bearish mode. The EMA 11 is below the EMA 56 while the Williams’ % Range period 20 is often in the oversold territory. At this junction, any upwards slopes of the Williams’ % Range should be interpreted as short-selling opportunities. Yes, the USD/CHF pair is under pressure at the moment.
[B]GBP/USD Technical Analysis for 10th December 2015[/B]
Since testing the distribution territory of 1.5150, the GBP/USD pair has gradually come down. In fact, there is a “sell” signal in the market, just in line with the bearish expectation on GBP pairs. It is possible that the market would continue going downwards with further 150 pips this week.
This pair is yet to make any significant moves. There are short-term upswings and downswings in the market, which made the market condition great for scalpers and intraday traders. The bias is neutral and it may continue as such until there is a movement of at least 200 pips upwards or downwards.
[B]Technical analysis of USD/CHF for January 14, 2016[/B]
USD/CHF is expected to trade in a higher range as the bias remains bullish. The pair stands firmly above its major support around 1.0020, which should call for a stabilization. Even though, a continuation of the consolidation cannot be ruled out at the current stage, its extension should be limited. To conclude, as long as 1.0020 is not broken, look for a further advance to 1.0105 and 1.0140 after a small pause.
[B]
Trading recommendations:[/B]
The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, it is recommended to open long positions with the first target at 1.0105 and the second target at 1.0140. In the alternative scenario, it is recommended to open short positions with the first target at 0.9990, if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.9950. The pivot point is at 1.0020.
Resistance levels: 1.0105, 1.0140, 1.0170
Support levels: 0.9990, 0.9950, 0.99
[B]Trading recommendations:[/B]
The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 117.20. A break of that target will move the pair further downwards to 116.75. The pivot point stands at 118.05. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 118.35 and the second target at 118.60.
Resistance levels: 118.35, 118.60, 119
Support levels: 117.20, 116.75, 116.10
[B]EUR/JPY for January 14, 2016[/B]
[B]Trading recommendation:[/B]
We are short EUR from 130.95 and will move our stop to 129.15. If you are not short EUR yet, then sell near 128.80 and use the same stop at 129.15.
[B]Trading recommendation:[/B]
We are long EUR from 1.5810 and will move our stop higher to 1.6350. If you are not long EUR yet, then buy near 1.6515 if possible or upon a break above 1.6829 and use the same stop at 1.6350.
Technical analysis of USD/CAD for January 14, 2016
1.4355 - WR1
1.4314 - Intraday Support
1.4187 - Technical Support
1.4098 - Weekly Pivot
1.4010 - WS1
Trading recommendations:
Day traders should refrain from trading this pair and wait for a better opportunity to occur.
[B]Support/Resistance:
[/B]
127.31 - Intraday Support
128.31 - Weekly Pivot
129.08 - Intraday Resistance
129.31 - Wave c Target Projection
131.01 - Technical Resistance
[B]Trading recommendations:[/B]
Day traders should open buy orders from current market levels witch SL just below the last intraday support at the level of 127.31 and TP at the level of 129.61
[B]Gold technical analysis for January 14, 2016[/B]
Gold price reached important support of $1,080 and broke out above the downward sloping wedge. It is important for the bullish trend to hold yesterday’s lows and break above $1,095 in order to move towards $1,110-20.
[B]NZD/USD Signal for 15 January 2016[/B]
Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.6390.
Place the stop loss 1 pip below the local swing low.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
[B]AUD/USD Signal for 15 January 2016[/B]
[B]Long Trade 1[/B]
Go long following a strong bullish price action reversal on the H1 time frame immediately upon the next touch of 0.6907.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
[B]Short Trade 1[/B]
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 118.36.
Put the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
[B]Long Trade 1[/B]
Long entry following a bullish price reversal upon the next touch of 1.4313.
Place the stop loss 1 pip below the local swing low.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride
[B]USD/CHF Forex Signal for 15 January 2016[/B].
[B]Short Trade 1[/B]
Short entry after bearish price action on the H1 time frame following a touch of 1.0179.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
[B]Long Trade 1[/B]
Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.4350.
Place the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 25 pips in profit.
Remove 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to run.
[B]EUR/USD Forex Signal for 15 January 2015[/B]
[B]Short Trade 1[/B]
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.0940.
Place the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
[B]Short Trade 1[/B]
Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 0.6591.
Put the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
