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NZD/CAD Range Trade Boxes

Daytrader21 Przesłano 15 Mar jako Analiza NZD/CAD, Cel: 0.9593, Data: 1 z Maj, 12:00 GMT  w #Technical analysis #Support #Resistance #Bullish #Trend Line #NZD/CAD #Range #Boxes
NZD/CAD has been moving over the paste few years in a big range boxes and that's usually the case with a lot of pair crosses as this is their normal behavior. In Figure 1 we can see how this price action looks like. Usually when we enter in the territory of a new range boxes the new boxes that will form in the right side of the chart will use the middle of the range box from the left as the top and as the bottom will use the middle of the box from beneath the price action where most likely there…
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Daytrader21 11 Kwi

Update 3: The market has established another range box between 0.9600 resistance zone and 0.9350 support zone with 0.9550 middle of the box. For the next few weeks we should see the market trading between this two extreme points

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Daytrader21 18 Kwi

Update 4: We retested the 0.9350 support zone and the bottom of our range box.Next week we need a break and a close above the big round number 0.9500 for further upside. We're still in a range and us such we should expect the market to bounce between this levels

Angelwales avatar
Angelwales 18 Kwi

I like the going up ....  nice

Metal_Mind avatar
Metal_Mind 26 Kwi

rise and shine . Seem to be going in the right direction

Mani avatar
Mani 26 Kwi

nice

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Gold - Long Term Trendline

Daytrader21 Uaktualniono 9 Mar  w #Trader's blog #Business Cycle #Gold #Emerging Markets #Us Dollar #Trend Line #Deflation #Bearish Seasonality

Gold was trading to the downside quite nicely over the last few weeks, after we managed to put in place a top around $1300 level, this level was suggested as a possible top on my last update about Gold which you can find it here: Gold Down- Channel
Despite all the geopolitical tension, the Greece debt crisis, ECB QE programme and many other factors, Gold couldn't find a bid in the market and that's reason enough to conclude that the current bearish trend is still reinforcing itself and Gold is …
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NZD/CAD Range Trade Boxes

Daytrader21 Przesłano 15 Sty jako Analiza NZD/CAD, Cel: 0.9429, Data: 2 z Marzec, 12:00 GMT  w #Technical analysis #Bullish #Trend Line #NZD/CAD #Range Boxes
NZD/CAD has been moving over the paste few years in a big range boxes and that's usually the case with a lot of pair crosses as this is their normal behavior. In Figure 1 we can see how this price action looks like. Usually when we enter in the territory of a new range boxes the new boxes that will form in the right side of the chart will use the middle of the range box from the left as the top and as the bottom will use the middle of the box from beneath the price action where most likely there…
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Daytrader21 24 Sty

Update 1: Even though we already hit our target and than we saw a rejection from 0.9430 level this pair is still contained inside a congestion zone between 0.9200 support level and 0.9400 resistance zone.

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Daytrader21 14 Luty

Update 2: The price action currently is developing the right box (see Figure 1) with resistance at 0.9447 which is near my forecast level and support level at big round number 0.9000. We also have as the middle of the box the 0.9200 level, from where price could react in both ways, up or down.

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Daytrader21 22 Luty

Update 3: As expected the middle of the box, the 0.9200 level has provided a good support level and  we rally back towards my target 0.9429 for the second time. Unfortunately this can retrace back inside the range and retest the previous week low at 0.9300 in which case we'll miss our target. The second scenario I have in mind is for a break higher to retest the big round number 0.9500 and hopefully to see a rejection.

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Daytrader21 28 Luty

Update 4: We're still boxing and as such further consolidation is in sights. After the second rejection of the big round number 0.9500 we could clearly see some strong momentum to the downside. There is not much of support to the downside from current level and taking in consideration that we're only few pips away from my target we can expect the market to push further down. However it's important to open next week inside this range for this scenario to hold true.

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Daytrader21 2 Mar

Update 5: As expected we consumed the Friday's rally and we're now back retesting the lows. The 0.9400 round number should provide good support for the next couple of hours and there is a chance of a minor reaction from this level.  Right now we're moving inside a narrow range between 0.9400 and 0.9440 resistance level(see Figure attached), and my target is somewhere in the middle (0.9429) The probabilities are that we should keep moving inside this range for the next few hours as  usually nzd pairs only start moving after the NY session.

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Gold Inflection Point

Daytrader21 Uaktualniono 8 Sty  w #Trader's blog #Dollar #Gold #Trend Line #Seasonality #Bear Market #Commodity #Inflection Point

Before you start reading my current analysis on Gold I would recommend you to read my previous updates on gold with all the subsequent updates here: Gold Price Action Reminiscence of 2013
Base on my previous analysis the market has still not reach my target as I projected a target of $900 by measuring the current wedge pattern that stated with Jun 2013 bottom, and I've projected that range to the downside giving me that number.
Usually Gold performs quite well during the beginning of the year a…
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EUR/USD Bearish Trend Ready to Start

Daytrader21 Przesłano 27 Sty jako Analiza EUR/USD, Cel: 1.3270, Data: 3 z Marzec, 12:00 GMT  w #Technical analysis #Bearish #EUR/USD #Trend Line #Triangle Pattern
In the last few months EUR/USD has been trading within a triangle pattern which are corrective patterns that occur either in the 4th wave or B wave according to Elliott Wave theory and which are characterized by a five wave sequence. Now the the wave cycle has been completed we should expect the market start trading downwards. In Figure 1 it can been seen that wave E has completed this five wave cycle and from now the momentum should start shifting to the downside.
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Daytrader21 15 Luty

Update1: Recent development has deviate from my forecast, however I can still see the downside as long as 1.3900 last swing high stay intact. In order to see some acceleration to the downside we should take out the 1.3500 big round number.

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