Community
Blog
chase_wind's Blog

chase_wind's Blog

Avatar

USD/CAD: forecast for the next week

chase_wind Posted 30 Mar.  in #Trader's blog
In daily chart, the price is stuck below the strong resistance: 50.0% Fibonacci retracement level of 1.29270 of the downleg from 1.3800 to 1.2060, which is acting as a major resistance barrier and holds near the 20 - day SMA (green line).
In case of further negative pressures, A successful close below 1.2800 support (red line) near the 40 – day SMA (yellow line) could push the price towards the 38.2% Fibonacci mark of 1.2727. A drop below the red line could open the door for the 1.2470 support, …
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

EUR/JPY: maintained uptrend in short-term

chase_wind Posted 29 Mar.  in #Trader's blog
The pair maintained uptrend. the technical indicators in the 4 hour chart suggest that the market could consolidate gains in the near-term.
The RSI is moving sideways above 50, while the MACD is trending in positive territory above 50 but is currently capped by its red signal line suggesting that prices could continue the range-bound trading, but the bullish cross between the 20 - SMA (green line) and the 50 - SMA (yellow line) hints that Monday’s uptrend could remain in place.
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

Tomorrow, YEN will have a big gap

chase_wind Updated 28 Aug.  in #Trader's blog
Saturday, Bank of Japan Governor Haruhiko Kuroda told the Federal Reserve Bank of Kansas City’s symposium that “There is no doubt that there is ample space for additional easing in each of the three dimensions” ; “The bank will carefully consider how to make the best use of the policy scheme in order to achieve the price stability target”. He won’t hesitate to boost monetary stimulus if needed.
Market is too sensitive to such news. Each time he said this, YEN strengthen. Obviously, a big gap dow…
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

USD focus on NFP after Yellen Speech

chase_wind Updated 27 Aug.  in #Trader's blog
In a closely watched speech Friday, Fed Chair Janet Yellen offered a fairly upbeat assessment of the latest data and other recent reports, pointing to the strength in consumer spending despite the overall weakness in GDP. Yellen says " I believe the case for an increase in the federal funds rate has strengthened in recent months. Of course, our decisions always depend on the degree to which incoming data continues to confirm the Committee’s outlook".
I think that the fate of the September rate h…
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 –

1 Comments
JVdsousa avatar
JVdsousa 27 Aug.

Interesting
As per the CME that keep track of what the traders feel if a rate is going to rise or fall here is the chart



The Market is twice more certain that is not going to change, that 66% feel is not going to change and 33% feel is going to change 
Taken from the web-site http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html on the Aug 27th (the picture)

orto leave comments
Avatar

USD/JPY find the support reactions to start buying again

chase_wind Posted 3 Feb.  in #Trader's blog
The USD/JPY pair sunk on Tuesday, as risk sentiment picked up following a decline in oil pirces and the DJIA index. Crude oil prices fell towards $30 a barrel and a resumption of the risk averse trading that characterized the first weeks of the year. Although China also had a part in ongoing riskaverse trading as the PBoC to intervene markets once again, by injecting 100bn Yuan.
In 4 hours chart, The pair has now its strong support around 119.3 – 119.5 (EMA 200, Mothly Pivot and 38.2% Fibonacci…
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/USD: having formed a bearish flag pattern???

chase_wind Posted 2 Feb.  in #Trader's blog
Given the continued doubt and uncertainty surrounding the Bank of England’s (BoE) inclination to follow the Federal Reserve’s lead in raising interest rates, the currency pair continues to trade within a strong downtrend that could soon see further long-term lows.
The pair rose a bit during the course of the day on Monday, as the 1.4378 level (Monthly Pivot) continues offer support. Currently positioned around the key 1.4378 support level. If the pair have close price today < close price yester…
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

NZD/USD: focus on oil price and Unemployment Rate

chase_wind Posted 1 Feb.  in #Trader's blog
In Weekly Chart, NZD/USD has extended its recovery to the 61.8% Fibonacci retracement of its August-October (2015) rally and it is trading near 0.648 level with 50% Fibonacci.
In Daily Chart, The MACD is flat-lining, but still well below the “0” level, signaling bearish momentum. Meanwhile, the RSI has bounced from oversold territory but still remains in bearish territor. So you could make a case for a near-term recovery
Given the technical signals, NZD/USD is near-term movement will likely hing…
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

EUR/USD: Strong support at Monthly Pivot.

chase_wind Posted 26 Jan.  in #Trader's blog
The pair rose a bit during the course of the day on Monday, as the 1.08 level (Monthly Pivot) continues offer support.
I believe that the pair will simply be a return to the sideway trend
The pair is expected to find its first resistance at 1.087, and a rise through could take it to the next resistance level of 1.089 (or 1.090)
I will look forward to US Markit services PMI, consumer confidence for January and US housing price index for November, slated to be released later today.
In daily ch…
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

EUR/USD wait IFO Business Confidence report and ECB President

chase_wind Posted 25 Jan.  in #Trader's blog
The pair initially tried to rally during the day on Friday but turned back around and crashed into the 1.08 level. I feel that this market isn’t ready to make any serious moves.
In 4 hours chart, the EUR/USD continues to build a corrective chart pattern with support (black) and resistance (red) marking its boundaries.
But In Daily Chart, Momentum has turned negative with the MACD (moving average convergence divergence) index generating a sell signal.
Any excess bearishness from the ECB Preside…
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/ USD focus on UK retail sales.

chase_wind Posted 22 Jan.  in #Trader's blog
On Thursday, during the European session, the GBP/USD pair broke below 1.4100 hitting at 1.4078, the lowest level since 2009. Afterward, it stabilized and extending the recovery. It reached a American session high at 1.4248. I think a major part of the recovery was triggered by a fall in the EUR/GBP cross after the ECB President Draghi hinted at more easing in March.
In 4 hours chart, Sterling’s break above resistance of 1.420 – 1.422 could see the pair break above the EMA 20 line and move towa…
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