Community
Blog
P3tr4's Blog

P3tr4's Blog

Avatar

US dolar to take usdsek up

P3tr4 Posted 27 Feb. as Analysis on USD/NOK, Target: 8.2000, Date: 1st of April, 12:00 GMT  in #Technical analysis #Bulls #Usdsek #USD/NOK
Indicators used: Stochastics (default setting) Bollinger bands (default setting)
After a very tight range, the pair did a bullish breakout. My forecast is based on a continued dollar rally.
the daily chart shows the stochastic indicator crossed down, meaning there is room for some down side movement before the pair takes off.
weekly charts shows rejection from the top band of the bollinger band, showing a possible resistance is forming there. Price going above this band should open room for 8.2 …
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

USDjpy to pick up more momentum

P3tr4 Posted 27 Feb. as Analysis on USD/JPY, Target: 123.0000, Date: 1st of April, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Bulls #123
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
I am expecting the usdjpy to continue its move upwards.
The most recent high is just under 121.
The daily chart currently shows the pair in a range, with strong bull signs.
With the stochastic indicator also crossed upwards.
The weekly chart shows the bollinger bands tightening. I am forecasting a break-out in the upward direction with 123 as a possible target.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Cable rally to continue

P3tr4 Posted 27 Feb. as Analysis on GBP/USD, Target: 1.5825, Date: 1st of April, 12:00 GMT  in #Technical analysis #GBP/USD #Cable #Gbpusd #Bulls
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
This month has seen the gbpusd showing a lot of bullish momentum.
Daily chart shows several days rise, before a rejection from the top bollinger band, with the stochastic indicator crossing down
The bullish momentum is more obvious in the weekly chart, with price testing the middle band of the bollinger indicator.
I expect a pullback before a heavy push upwards towards 1.6
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Aussie to go higher

P3tr4 Posted 27 Feb. as Analysis on AUD/USD, Target: 0.8288, Date: 1st of April, 12:00 GMT  in #Technical analysis #Audusd #AUD/USD #Aussie #Bulls
The AUDUSD has shown a lot of resilience after recovering from a low of 0.7625.
Expecting the bullish momentum to pick up.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart is showing a steady climb from the low with stochastic indicator above 50, signaling bullish momentum.
Weekly chart also shows doji, with stochastic crossing up.
A breach of the upper bollinger band on daily chart will confirm analysis, and we may possibly see 0.85
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Bulls to take the USDJPY up!!

P3tr4 Posted 30 Jan. as Analysis on USD/JPY, Target: 120.0000, Date: 2nd of March, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Bulls
time frame: daily
indicators:
Bollinger bands
Stochastic indicator
After a strong bullish move and a dip, i expect the pair to head back up to 120.
i am working with the simple principle that price is attracted to previous highs.
I am also assuming the BOJ stance of a weak yen is still in play.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

9 Comments
View 4 more comments
WallStreet6 avatar
WallStreet6 27 Feb.

Great analysis and what a close forecast. It can still get even closer! Good Luck!

P3tr4 avatar
P3tr4 27 Feb.

Price is now about 40pips away from forecast, the yen is taking a hit and the usdjpy is going up.
120 looks like a strong possibility today.

P3tr4 avatar
P3tr4 27 Feb.

There is a lot of bullish momentum on the pair, and i am fairly certain that we could go over 120 by sunday night or monday morning.

P3tr4 avatar
P3tr4 27 Feb.

This is my last update for the month, with price less than 40pips away from my forecast, I think it is possible that price could go way above 120. I am counting on a very quiet monday to keep things calm, before the TA deadline.

The Japanese yen pairs are all going up across the board, it should be interesting to se how things turn out.

P3tr4 avatar
P3tr4 2 Mar.

This was another good forecast, price got as high as 119.95. I am not certain where it closed by the deadline, but looks like it was within 20pips of my target. Fingers crossed..:)

orto leave comments
Avatar

AUDusd to rise!!

P3tr4 Posted 12 Dec. as Analysis on AUD/USD, Target: 0.9200, Date: 2nd of February, 12:00 GMT  in #Technical analysis #Audusd #AUD/USD #Correction #Bulls
The pair has been in a downward spiral.
with the last two weeks showing steady decline. The pair is currently below the lower band.
on the daily chart, price can be seen to be testing a previous support level. if this level holds, we should see a sharp correction to the upside.
The rate of decline has reduced, so a possibe reversal.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

EURo rally!!

P3tr4 Posted 12 Dec. as Analysis on EUR/NZD, Target: 1.6800, Date: 2nd of February, 12:00 GMT  in #Technical analysis #Euro #Bulls #EUR/NZD
I am expecting a general euro rally in January.
My forecast sees the Eurnzd at 1.68 come 2nd February 2015.
On the weekly chart, we see the stochastic indicator crossed upwards and price looks like it is in a range.
On the daily chart, we can see price already showing signs of bullishness.
If price is able to close above the middle line with the stochastic indicator above 50, it would be a confirmation of the move upwards.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

EURcad to rally

P3tr4 Posted 12 Dec. as Analysis on EUR/CAD, Target: 1.5000, Date: 2nd of February, 12:00 GMT  in #Technical analysis #EUR/CAD #Bulls #Eurcad
The pair is already starting to rally, with the euro gaining over the Canadian dollar. We can see several reversal candles on the monthly chart, with a strong bounce off the middle line of the bollinger bands indicator.
After a lengthy drop, the stochastic indicator is also crossed upwards showing signs for more gains.
My target is the 1.5 mark, even though with strong euro gains, the pair could go much higher.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

EURo to take pairs higher!!

P3tr4 Posted 12 Dec. as Analysis on EUR/JPY, Target: 153.0000, Date: 2nd of February, 12:00 GMT  in #Technical analysis #EUR/JPY #Eurjpy #Bulls
From the chart below, the pair is currently bouncing up from the bollinger middle line with stochastic indicator below the 50 level. I am expecting the pair to recover, already we can see this is a second day of recovery.
I expect price to break the upper band line and head north. But before then i expect some retracement from the pair. The weekly chart shows some bearish with a sell candle forming. The stochastic indicator is also crossing for a drop.
I expect a drop before a subsequent climb t…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

EURo rises!!

P3tr4 Posted 12 Dec. as Analysis on EUR/USD, Target: 1.3080, Date: 2nd of February, 12:00 GMT  in #Technical analysis #Eurusd #EUR/USD #Bulls
The eurusd has been very bearish for several weeks now, i see a possibility for a strong recovery by the 2nd February 2014.
On the daily chart, we can see three days showing bull candles, with price above the 20-day EMA. in my opinion, this is a sign of a possible reversal. We can also see a daily fractal supporting this analysis.
we can also see price above the middle line in the bollinger band, after price bounced from the lower band. The stochastic indicator is also turned upwards and above t…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
More