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Further bullish pressure

Ucef Posted 29 Feb. as Analysis on AUD/NZD, Target: 1.0670, Date: 1st of April, 12:00 GMT  in #Technical analysis #AUD/NZD #Fibonacci Levels #Retracements #Bullish Bias #Channel Breakout
Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 1.0670.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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Bearish harmonic pattern

Ucef Posted 29 Feb. as Analysis on AUD/JPY, Target: 78.62, Date: 1st of April, 12:00 GMT  in #Technical analysis #AUD/JPY #Fibonacci Levels #Retracements #Bearish Trend #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 78.62.
However, if bullish can…
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Long term bias is still bullish

Ucef Posted 29 Feb. as Analysis on AUD/CHF, Target: 0.6962, Date: 1st of April, 12:00 GMT  in #Technical analysis #Breakout #AUD/CHF #Fibonacci Levels #Retracements #Bullish Bias
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 0.6962.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger …
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Further bullish pressure

Ucef Posted 29 Feb. as Analysis on AUD/CAD, Target: 0.9624, Date: 1st of April, 12:00 GMT  in #Technical analysis #AUD/CAD #Fibonacci Levels #Retracements #Bullish Bias #Channel Breakout
Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around 0.9624 (weekly EMA 200).
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price to n…
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AUDUSD facing a strong trend line resistance

Ucef Posted 31 Jan. as Analysis on AUD/USD, Target: 0.6720, Date: 1st of March, 12:00 GMT  in #Technical analysis #Resistance #AUD/USD #Bearish #Trend Line #Support Line #Fibonacci Levels #Retracements #Downward Channel
Daily analysis
AUDUSD opened the week at 0.7085 and touched a high of 0.7098. The pair then reversed directions and dropped to 0.7078, as support held firm at 0.7012. The pair closed the week at 0.7045. And the price of 0.7065 has been significant in the recent history of AUDUSD, and with a mid-line of a down-ward sloping channel offering an additional impetus for support, top-side reversal setups became attractive as a 1-to-4 risk-reward ratio was available using that 0.7115 level for risk with…
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USD/CHF Loses Upside Momentum

Ucef Posted 30 Nov. as Analysis on USD/CHF, Target: 1.0330, Date: 1st of January, 12:00 GMT  in #Technical analysis #Resistance #USD/CHF #Fibonacci Levels #Retracements #Bullish Bias #Upward Channel #Support Zone
Daily analysis

In mid-March the Swiss Franc weakened to virtual parity with the US Dollar at 1.00926. In the next eight weeks it steadily strengthened to its six month low to 0.91222 to the US Dollar, a 9.618% gain. In the weeks following USD/CHF six month high, the Franc steadily strengthened vs the greenback. In spite of the efforts of the Swiss National Bank to weaken the Franc in order to protect its export dependent economy, it stubbornly remained strong relative to the majors. With growin…
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USD/JPY forming a bearish harmonic pattern

Ucef Posted 30 Nov. as Analysis on USD/JPY, Target: 122.5000, Date: 1st of January, 12:00 GMT  in #Technical analysis #Resistance #Patterns #USD/JPY #Bearish Signs #Support Line #Fibonacci Levels #Retracements #Downward Channel
Daily analysis

126.59 has remained intact since May 2002. The very round number of 125 remains an important resistance line. 124.16 was an important cap in late June. The round number of 123 was tested for a second straight week and is currently a weak resistance line. It could see further action early in the week. 121.50 is providing strong support. This line was a key resistance line in September. 120.40, which was a swing low in July, is next. 119.19 has held firm since October. It is the fi…
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GBP/JPY bullish domination with possible retracement

foreignexchange Posted 28 June as Analysis on GBP/JPY, Target: 196.6830, Date: 3rd of August, 12:00 GMT  in #Technical analysis #GBP #JPY #GBP/JPY #Bullish #Parabolic Sar #Money Flow Index #Linear Regression Slope #Retracements
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 199.998 - 196.683
RESISTANCE LEVELS: 189.683 - 195.029PAIR ANALYSIS :
The GBP/JPY is in a bullish dominationin fig 2 it is indicated the bullish channel that could be utilized as trendlines. The MFI, the configuration of the Parabolic Sar and the Linear Regression Slope around 0.3 can suggest the bullish domination. There is the possibility of a retracement around the resistance area at 199…
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5 Comments
foreignexchange avatar
foreignexchange 29 June

Comment EURO -  The possibility of a Grexit strategy is correlated not only to the EURO area  pairs, like GBP, PLN, CHF, SEK, NOK but also to the USD, JPY,  commodities and  derivatives  counterparts.  In this context volatility can play a great role to the trading strategy.  The releases about Grexit can be evaluated with volatility strategy, but probably for the investors without a related strategy can be convenient to evade the trade.

foreignexchange avatar
foreignexchange 5 July

OXI. The greek referendum suggests a bearish trend on Euro and positive correlated pairs.
The USD, JPY  counterpart can have a bullish recovery.  There is the possibility of a new kind of accordance with the ECB that could think to a new strategy to negotiate the debt with a possibility of a slightly bearish GBP tendency.

foreignexchange avatar
foreignexchange 10 July

The chart analysis in H1 indicates a slightly bullish trend supported by a 0.213 linear regression slope value and  with buying distribution parabolic sar  tendency.  A possible objective for the 10/07/2015 can be indicated at the 192.03 zone.

foreignexchange avatar
foreignexchange 21 July

Comment  EURO 2

The Greek agreement seems to facilitate a EU pairs correlated improvement.  The IMF has been engaging in a sort of battle against its European partners in the Troika, leaking a memorandum in which it argues that Greece’s debt can be unsustainable and implying that the agreement could fail. Actually the market indecision seems to suggest to hedge the positions in consideration of a  better understanding of the politics decisions. 

foreignexchange avatar
foreignexchange 27 July

Comment 5    - The Fed President Janet Yellen seems to suggest the possibility  that the central bank may raise interest rates  if the economy were to continue to improve as expected. This possibility with the release at 29/07/2015 could support a USD recovery. This could also facilitate a bearish retracement of the anti-correlated pairs like EUR-CHF-GBP

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GBP/CAD Slightly Bullish with possible retracement

foreignexchange Posted 26 June as Analysis on GBP/CAD, Target: 1.9080, Date: 3rd of August, 12:00 GMT  in #Technical analysis #GBP #CAD #GBP/CAD #Bullish #Slightly #Parabolic Sar #Money Flow Index #Linear Regression Slope #Retracements
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
SUPPORT LEVELS : 1.95686 - 2.00003 - 2.05184
RESISTANCE LEVELS: 1.8177 - 1.85808
PAIR ANALYSIS :
GBP/CAD is in a bullish trend. Since beginning of 01/2015 the currency pair has been dominated by a bullish position tendency with different corrections along the resistance lines and around the 1.95598 zone. The Linear Regression Slope around 0.003, the MFI and the configuration of the Parabolic Sar seem to supp…
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6 Comments
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foreignexchange avatar
foreignexchange 5 July

OXI. The greek referendum suggests a bearish trend on Euro and positive correlated pairs.
The USD, JPY  counterpart can have a bullish recovery.  There is the possibility of a new kind of accordance with the ECB that could think to a new strategy to negotiate the debt with a possibility of a slightly bearish GBP tendency.

foreignexchange avatar
foreignexchange 10 July

The chart analysis in H1 indicates a slightly bullish trend supported by a  0.0002 linear regression slope value and  with a buying distribution parabolic sar  tendency.  A possible objective for the 10/07/2015 can be indicated at the 1.9789 zone.

foreignexchange avatar
foreignexchange 21 July

Comment EURO 2 - The Greek agreement seems to facilitate a EU and GBP pairs correlated improvement.  The IMF has been engaging in a sort of battle against its European partners in the Troika, leaking a memorandum in which it argues that Greece’s debt can be unsustainable and implying that the agreement could fail. Actually the market indecision seems to suggest to hedge the positions in consideration of a  better understanding of the politics decisions. 

foreignexchange avatar
foreignexchange 27 July

Comment  5        - The Fed President Janet Yellen seems to suggest the possibility  that the central bank may raise interest rates  if the economy were to continue to improve as expected. This possibility with the release at 29/07/2015 could support a USD recovery. This could also facilitate a bearish retracement of the anti-correlated pairs like EUR-CHF-GBP

foreignexchange avatar
foreignexchange 27 July

Comment 6-  With prices of commodities that are expected to remain low,  the  AUD, NZD, CAD and NOK  can facilitated to have bearish results. The possibility of  a lack of export demand,  in Asia,  and the Shangai Composite around - 8.2 % could suggest that the commdity pairs could have a bearish domination for the analysis. 

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EUR/JPY Fibonacci Retracements

foreignexchange Posted 26 June as Analysis on EUR/JPY, Target: 140.6312, Date: 3rd of August, 12:00 GMT  in #Technical analysis #EUR/JPY #Bullish #Fibonacci #Parabolic Sar #Money Flow Index #Linear Regression Slope #Retracements
CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope, Fibonacci
SUPPORT LEVELS : 150.002 - 140.634
RESISTANCE LEVEL : 137.807 - 134.979
PAIR ANALYSIS :
The EUR/JPY currency pair is in a bullish trend and the Fibonacci retracements can be utilized to determine the key levels price. The pattern proceeded through the Fibonacci at 137.807 and considering the Linear Regression Slope around -0.0682 , it seem possible a bearish retracement that can have as a possible…
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4 Comments
foreignexchange avatar
foreignexchange 29 June

Comment EURO -  The possibility of a Grexit strategy is correlated not only to the EURO area  pairs, like GBP, PLN, CHF, SEK, NOK but also to the USD, JPY,  commodities and  derivatives  counterparts.  In this context volatility can play a great role to the trading strategy.  The releases about Grexit can be evaluated with volatility strategy, but probably for the investors without a related strategy can be convenient to evade the trade.

foreignexchange avatar
foreignexchange 10 July

The chart analysis in H1 indicates a  sligthly bearish trend supported by a  0.17  linear regression slope value and  with a buying distribution parabolic sar  tendency. 

foreignexchange avatar
foreignexchange 21 July

Comment EURO 2 - The Greek agreement seems to facilitate a EU pairs correlated improvement.  The IMF has been engaging in a sort of battle against its European partners in the Troika, leaking a memorandum in which it argues that Greece’s debt can be unsustainable and implying that the agreement could fail. Actually the market indecision seems to suggest to hedge the positions in consideration of a  better understanding of the politics decisions. 

foreignexchange avatar
foreignexchange 27 July

Comment 4      - The Fed President Janet Yellen seems to suggest the possibility  that the central bank may raise interest rates  if the economy were to continue to improve as expected. This possibility with the release at 29/07/2015 could support a USD recovery.          This could also facilitate a bearish retracement of the anti-correlated pairs like EUR-CHF-GBP

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