Community
Blog

Community Blog

Add post
Filtered by tags:  Pullback
Avatar

BRENT CRUDE MAY RISE AFTER PULLBACK

killer195175 Posted 13 Nov. as Analysis on BRENT.CMD/USD, Target: 64.50, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Oil #Trendline #Rise #Pullback #Brent CMD/USD #Brent Crude
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
BRENT.CMD/USD Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is headed north.
From the weekly chart, it looks like there is more potential to the upside.
BRENT.CMD/USD Daily Chart
  • The MACD on the Daily chart is positive but about to turn back down.
  • The RSI is overbought and headed South.
From the facts above we can deduce that BRENT.CMD/USD will correct in …
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 –

6 Comments
View 1 more comments
killer195175 avatar
killer195175 11 Dec.

UPDATE-2
The pair has ended the week at 63.29. The pair is now trading at 64.60 while I am writing this comment. Here I expect the pair to find some resistance. Although all the indicators are aligned and pointing North.

killer195175 avatar
killer195175 15 Dec.

UPDATE-3
The pair has ended the week at 63.29. The pair is now trading at 63.27 while I am writing this comment. Here I expect the pair to find some support at the rising trendline. If it is able to stay above this line then we can hit our target easily.

killer195175 avatar
killer195175 20 Dec.

UPDATE-4
The pair is now trading at 64.21 while I am writing this comment. We are just 29 pips away from our target and 10 more days to go. Ahead is the holiday period coming. Let us see how the things unfold in 10 days. The indicators are hinting further upmove but I expect it to find resistance near 65.00 levels and retrace back to 64.50 by end of this year.

killer195175 avatar
killer195175 22 Dec.

UPDATE-5
The pair is now trading at 64.63 which is just 13 points above our target price for January. Although the daily candle as of now is a doji but the bias is bullish. I expect price to start consolidating here as it has already made a high of 64.925 today

killer195175 avatar
killer195175 24 Dec.

UPDATE-6
The pair has closed the week exactly at 65.00 levels and I expect a less volatile market next week and expect the price to correct to 64.50 levels before the year ends.

orto leave comments
Avatar

Kiwi to fall further in the weeks ahead

al_dcdemo Posted 27 Sep. as Analysis on NZD/USD, Target: 0.7125, Date: 1st of November, 12:00 GMT  in #Technical analysis #Daily Chart #NZD/USD #Pullback #Weekly Chart #Technical Tools #200 Day Sma #Net Long Positioning #Neutral Rbnz
Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
NZD/USD confirmed the 0.685 support as 2015 - 2016 support/resistance line held. The pair broke above 200 week SMA, 50.0% retracement of the 2014 - …
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 –

8 Comments
View 3 more comments
al_dcdemo avatar
al_dcdemo 12 Oct.

UPDATE 4: As expected, there was nothing shocking in the Minutes of the latest FOMC meeting. The division between those who believe that inflation is low due to transitory factors and those who think it's just a new normal, is nothing new but the market seemed to take this as a mildly dovish sign. U.S. dollar has already been weakening this week and, after a minor whipsaw, prices just continued on the path of least resistance. December hike from the Fed is pretty much priced in at this point. The focus is on inflation and tax reform, for clues as to what comes after that.

al_dcdemo avatar
al_dcdemo 13 Oct.

UPDATE 5: Earlier today a combo of U.S. inflation and retail sales reports for September was released. Inflation indicators came in somewhat weaker than expected but mostly higher than in August while retail sales were better than expected. Market focus was on inflation and initial reaction was to sell the U.S. dollar. Moves stalled after 50 - 70 pips and later reversed to various extents across U.S. dollar pairs as traders digested otherwise solid reports. The dollar will close the week lower against all major currencies.

al_dcdemo avatar
al_dcdemo 17 Oct.

UPDATE 6: New Zealand dollar spiked on better than expected inflation report (1.9% year-over-year) overnight but pared all gains in subsequent hours as RBNZ's own inflation measure showed just 1.4%. We are still waiting for Winston Peters to decide which coalition his party will join. Kiwi traders have been understandably cautious after 150-pip rally from the lows near 0.7050. 0.72 is the initial hurdle on the way to 0.73 - 0.7350 resistance area. 200 DMA near 0.7150 is the immediate support ahead of a stronger one near 0.71.

al_dcdemo avatar
al_dcdemo 21 Oct.

UPDATE 7: U.S. dollar was the winner of the week. Solid inflation report last week and renewed prospects for a successful tax reform have been the fundamental drivers. Technically, 91 appears to have been more than just a shorter-term lower in the U.S. dollar index, with 95 being the next target. 10-year U.S. treasury yield closed the week on its highs, just below the important 2.4% level, of which Bill Gross says is a trend-changing point. Apart from ECB and BOE next week, one of the most important events to watch out for is nomination of the, probably new, Fed Chair.

al_dcdemo avatar
al_dcdemo 27 Oct.

UPDATE 8: Cautious tones from ECB and BOC, weak Australian inflation one side and progress in U.S. politics and much better than expected Advance GDP reading on the other one were among the drivers of major currency pairs this week. BOE is expected to hike next week but it will be a one-off for now. U.S. dollar was mostly bought up until around the time Europe started heading for the pub. Rumor of Trump leaning toward Powell as the next Fed chair sparked a bout of profit-taking. The dollar ended the week higher against every major currency bar the Japanese yen.

orto leave comments
Avatar

Kiwi pullback may not yet be over

al_dcdemo Posted 30 Aug. as Analysis on NZD/USD, Target: 0.7125, Date: 2nd of October, 12:00 GMT  in #Technical analysis #Daily Chart #NZD/USD #Pullback #Golden Cross #Weekly Chart #Technical Tools #Net Long Positioning #Neutral Rbnz
Technical Tools
Support and resistance (S/R). Price levels, trendlines and Fibonacci retracements. Price action, candlestick and chart patterns. Simple moving averages (SMA). Commitments of traders (COT) indicator, which displays speculative positioning in FX futures market, used as a proxy for speculative positioning in spot FX market.
Weekly Chart
Kiwi confirmed the 0.685 support as 2015 - 2016 support/resistance line held. The pair broke above 200 week SMA, 50.0% retracement of the 2014 - 201…
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 –

10 Comments
View 5 more comments
al_dcdemo avatar
al_dcdemo 19 Sep.

UPDATE 6: Kiwi remains supported but contained ahead of the general election on the weekend. There's also New Zealand second quarter GDP coming up on Wednesday evening (Thursday morning in N.Z.), just a couple of hours after the FOMC decision. The pair is bumping into 0.73 - 0.7350 area, which capped the pair in 2016 and earlier this year, and includes 50 DMA. A successful break would put 0.75 back into focus. 0.72 is the first stronger support, reinforced by 100 DMA.

al_dcdemo avatar
al_dcdemo 20 Sep.

UPDATE 7: Fed remains on track with monetary policy. Balance sheet adjustment will commence in October. Most members are expecting another hike this year. Three more hikes are projected for 2018. Neutral rate was downgraded to 2.8% from 3.0%. Market clearly expected something less hawkish from them. The dollar rallied across the board but the rally run out of steam after 100 - 150 pips of gains. Any further gains may not last because, fundamentally, nothing really changed today.

al_dcdemo avatar
al_dcdemo 21 Sep.

UPDATE 8: New Zealand GDP came in as expected, at 0.8% QoQ and 2.5% YoY, but that did little to support the pair which was already being offered following more hawkish than expected Fed. Pre-election adjustments also going on. The pair traded to as high as 0.7430 yesterday but has so far retraced to 0.73. It is currently stalling near 50 DMA. Some further correction is possible with 0.7250 and then 0.72 the support levels to watch. 0.7350 is the initial resistance.

al_dcdemo avatar
al_dcdemo 1 Oct.

UPDATE 9: It seems that U.S. dollar finally found some traction. A rise in treasury bond yields after more hawkish than expected Fed last week is one part of the story. The other is that despite all difficulties in passing new healthcare bill, U.S. tax reform may prove to be a success for Administration. In any case, market got ahead of itself on the convergence trade and what we are seeing now is probably just a healthy retracement and not an outright reversal. Another supportive factor for the U.S. dollar is that any weakness in September data will be dismissed due to hurricane impact.

al_dcdemo avatar
al_dcdemo 5 Oct.

UPDATE 10: Kiwi dollar looks heavy as it holds just above 200 DMA. The currency is being weighed on by the wait for the election outcome, which could still take a few more weeks, by October 7th or even 12th. The mentioned moving average is the immediate support and August low is the next one. If that gives way, 61.8% retracement of the May - July rally will come into focus. 0.72 is the first stronger resistance level.

orto leave comments
Avatar

Looking to gain on Euro retracement

AdamFx42 Posted 17 May  in #Trader's blog #Pullback #Looking For EUR Trades
I am looking to gain some money on Eur retracement in the contest
EurUsd is on the way up, and should retrace a bit on resistance
I will short Eur crosses after every day it moves up around 100 pips
I will be hoping to grab a few retracement pips
and maybe regain my top 10 position again
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 gaps higher on French election results

al_dcdemo Updated 24 Apr.  in #Trader's blog #EUR/JPY #EUR/USD #Gap #Pullback #Polls #D1 Chart #French Election
Emmanuel Macron (23.9%) and Marine Le Pen (21.4%) are the winners of the first round of the French presidental election. Pollsters did a good job this time around with the results coming in largely as expected. Euro gapped higher overnight as Macron victory remains the most likely scenario.
The pair traded above 1.0930 in pre-market and opened just above 1.09, that's about 180 pips from Friday closing levels. EUR/JPY gap was even more impressive, close to 380 pips. Latest polls suggest Macron's …
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 Back on the Offensive

fxsurprise8 Posted 31 Mar. as Analysis on AUD/USD, Target: 0.7990, Date: 1st of May, 12:00 GMT  in #Technical analysis #AUD #USD #Resistance #AUD/USD #Rally #Us Dollar #Australian Dollar #Pullback #Average True Range #Risk Sentiment
The Australian Dollar is back on the offensive. This month we got yet another test of the important resistance in the 0.7700 – 0.7800 area. Prices peaked at 0.7749 this time around before pulling back.
However the move lower wasn’t Aussie specific but happened on general risk aversion across all markets. This gives me reason to think that the next time prices rally toward the resistance we could get a breakout above.
Our final chart above shows this resistance area. You can see that it’s been …
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

RETRACEMENT ON THE CHART OF GOLD | 11032017

killer195175 Posted 11 Mar.  in #Trader's blog #Xauusd #Pullback
Hello my dear fellow community members,
Please refer to my blog post on 07 March 17 regarding a pullback expected at the GOLD price. The XAUUSD has broken below from a rising trendline. A pullback is expected to 1218 and a better pullback can take it to 1260. I shall look to sell at 1218 if I see weakness. If it breaks 1218 on upside then I shall look for weakness at 1260 levels to sell it. Here is the chart show…
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

Kiwi pulls back ahead of the FOMC

al_dcdemo Posted 1 Feb.  in #Trader's blog #Fomc #NZD/USD #Pullback #Labour Market Report #Profit Taking #D1 Chart
New Zealand quarterly Employment Change came in as expected, at 0.8%. Unemployment Rate rose to 5.2% on the back of higher Participation Rate (70.5%). Labour Cost Index slightly disappointed at 0.4%.
Kiwi added nearly five cents from the low of 0.6860 in late December and pulled back nearly a full cent after the release of otherwise solid labour market data. Profit-taking after yesterday's surge to 0.7350 and ahead of the FOMC might have been a bigger factor.
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

GBP/NZD. Febrero

Debian Posted 18 Dec. as Analysis on GBP/NZD, Target: 1.89511, Date: 1st of February, 12:00 GMT  in #Technical analysis #GBP #NZD #GBP/NZD #Wedge Formation #Pullback #Rising Wedge
Análisis Técnico Gbp/Nzd, para el 1 de Febrero de 2017. Objetivo 1.89511
El par Gbp/Nzd venía de una tendencia bajista en los últimos meses, desde la caída de la libra y los mínimos alcanzados el 6 de octubre y el 8 de Noviembre.
Desde estos mínimos, inició una recuperación en un movimiento contenido en una cuña ascendente, dentro de la normalidad.
La semana pasada, se produjo la rotura bajista de la formación de cuña que debería llevar al precio a la zona marcada como “Caída Esperada” en los…
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 –

2 Comments
Debian avatar
Debian 18 Dec.

Como primer comentario: Las posibilidades para mañana
https://www.dukascopy.com/tradercontest/?action=post-read&post_id=122501

Elens94 avatar
Elens94 19 Dec.

Good analysis!

orto leave comments
Avatar

Swissie pulling back towards the parity level

al_dcdemo Updated 8 Dec.  in #Trader's blog #Support #Resistance #EUR/CHF #USD/CHF #Pullback #D1 Chart
Since topping out above 1.02, USD/CHF has remained well bid. The pullback is currently just over 150 pips. The pair has also been supported via EUR/CHF, which rallied from below 1.07 and is now trading firmly above 1.08.
There are some strong technical levels near the parity level, including October high and 2015 - 2016 trendline with 50 DMA closing in from below. Another leg higher would target year's high at 1.0255 and cycle-high at 1.0330.
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

Top bloggers

Blogger Posts / Likes

Top rated posts