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Filtrowane przez tagi:  Bullish Breakout
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Further room for sideways trading

Currency Pair:Usd/Chf
Indicators: technical patterns
Current price (12.31.2015) : 1.0017
Trend: uptrend(daily)
Possible trading range:0.98-1.03
Technical analysis: at the first glance on the daily chart we can see a bullish breakout at play after a well shaped triangle failed to hold on the bulls below the 0.98 level..
Forecast: For the moment it seems quite unlikely to see a sustained rally above 1.0250 which represents in the same time an important benchmark from where the SNB abandoned the th…
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marius24 avatar
marius24 19 Sty

update ( current price: 1.00116). This pair has traded in a very tight range not bigger than 240 pips in the last 19 days. There is no surprise here as long as its sister ( eur/usd) is still undecided where to go , either south or north. The monetary divergence between the FED and the ECB will keep this pair on a bullish bias unless something horrible breaks down on the wires and trigger a spike in volatility and panic across the board.

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For the moment a sideways movement is more likely

Currency Pair:Usd/Chf
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.9879
Trend: consolidation (daily)
Possible trading range:0.95 - 1.00
Technical analysis: A bullish breakout from a triangle may turn very soon in a fake one
Forecast:Next month i anticipate a heavy battle between bears and bulls above 0.9760 level, but we must not expect a significant rally. Not yet.I would rather go for a consolidation with a bearish tilt
My target: 0.9762
Daily (below)
4 Hour (below)
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Bullish outlook in the sight

Currency Pair:Usd/Chf
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.9659
Trend:uptrend
Possible trading range:0.95-0.98
Signals: A recent bullish breakout (0.9537) from a double bottom on the daily chart is going to encourage the bulls to engage in further buying
Fundamentals: The SNB has continued intervening on the market in an effort to stop further appreciation of the CHF. ON the other side the euro is disliked as investors search out for higher yields outside…
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marius24 avatar
marius24 10 Sie

update: A hammer pattern appeared on the daily chart gave enough courage for bulls to embark in a new bullish move towards 0.9879. In the same time that resistance line belonging to a massive triangle has been topped. From this point the outlook is bullish with some consolidation in the sight

marius24 avatar
marius24 19 Sie

update: The rally has run its course and remaind without steam after having reached the 0.99 handle. From here the price declined towards 0.97 area where a double top ( 4 hour chart) seems to be underway with its neckline at around 0.9680. The outlook remains bearish. Current price - 0.9680

marius24 avatar
marius24 26 Sie

update: Current price is at 0.9424 with 300 pips lower than my target.

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A pause in the downtrend is in the sight

Currency Pair:Nzd/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.6620
Trend:downtrend
Possible trading range:0.64-0.70
Signals: a bullish breakout from a descending channel located on the daily chart
Fundamentals: Chinese stocks market may put further downward pressure on the kiwi. The FED is a little bit hawkish and NZ's data are still disappointing.
Forecast: Next month i anticipate a heavy battle between bears and bulls around 0.66 and 0.67. Anyway due to th…
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marius24 avatar
marius24 10 Sie

update: no major changes have occured since i put this prediction. The pair is set to spend more time between 0.6498 and 0.6746 before a clear direction to emerge. Personally i am cautiously bullish with tight stop losses.

marius24 avatar
marius24 19 Sie

update: the Global Dairy trade INdex showed an increase of 14.8%  which is very good news for this pair. Another positive sign came from Russia who canceled the ban imposed for NZ dairy products. That being said i expect a bullish scenario  in the coming days.

marius24 avatar
marius24 19 Sie

current price - 0.6579

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Bullish outlook for GBP/USD

Currency Pair:Gbp/Usd
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 1.5432
Trend: uptrend (daily chart)
Possible trading range:1.52-1.56
Signals: A strong bullish signal has come out once the price managed to break to the upside ( at around 1.53) an important descending channel which dates since July 2014. THe other bullish signal has appeared once a golden cross occured on the 4 hour chart.
Fundamentals: The market expectations for the first rate hike have increase…
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marius24 avatar
marius24 10 Mar

update: Current price - 1.5072. Nothing will stop the dollar train as long as the FED is forced to hike the interest rates in June. No hope for gbp/usd to rise anytime soon.  IN normal conditions we must see a consolidation above 1.50 level.

marius24 avatar
marius24 17 Mar

update: Right now the price is quite far away from my target (1.47)... i don't hope any more to see that target touched anytime soon

marius24 avatar
marius24 24 Mar

update: Still no chances...we need a big bad news about US economy .

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Bullish outlook

Currency Pair:Nzd/Cad
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.9110
Trend: uptrend (weekly)
Possible trading range:0.8850-0.9350
Signals:On the daily chart a recent bullish breakout backed by a triple bottom has emerged at around 0.9054 and it's quite important because the price literally stayed in the same place since September
Fundamentals: With crude oil running down , there are few if any arguments to stem CAD's gradual decline in the following period.On …
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Efficient Description

marius24 avatar

update: The current price - 0.9261 and it's seems that the bulls have taken the control over this pair once the 0.9169 was exceeded. From this point i expect a slowdown in the rally . Only further appreciation of the kiwi can push the price even higher.

marius24 avatar
marius24 19 Sty

update: Current price - 0.9322. I expect no major moves for this pair in the coming days and i will go for  the same trading range between 0.9470 and 0.9168

marius24 avatar
marius24 26 Sty

update: Current price - 0.9208. The outlook in the short term is a little bit more bearish due to a recent 
breakout occured at 0.9225 from a double top situated on the 4 hour chart. I hope the pair will consolidate further.

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Pound - NewZealand continuation upward

In this first chart above we see how the quarterly candle is developing, showing price clearly higher than previous close (1.9620) and rising from what could become a long term bottom to reach as high as 2.300. But before that, let's consider this following monthly chart: Still month is not closed so this could be invalidated, but if this will be the pattern at the 1st of september, it will be suggesting further upward possible. Close withing the blue lines, is the last supply attempt near 2.…
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scramble 14 Wrz

the expected move to the downside is much more extended than i expected and at the moment there are no strong signs of support into 1.94 area. The study is in trouble and i suspect the instrument will find new weakness in next week. But for the moment i'm watching it carefully because a quick recover to the upside could be behind the corner :)

scramble avatar
scramble 26 Wrz

The move to the downside at this point was far more extended than what i expected, reaching as low as 1.90's, partially invalidating my setup and completely invalidating my target for this contest. Nevermind :)

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