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按标签筛选:  Triple Top
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Market Review

GBP/USD
So as you see, Cable gaining a Triple top for about a month. My opinion about it's behavior, that it will reach 50% of FIbo- 1,4175 and will proceed down till 1,35358.
USD/CAD
In accordance with a down trend and Double TOP, we have a chance to see a correction till 1,3077, and then falling down to 1,2857.
EUR/USD

EURo have a possibilities to get a correction down ,starts from next week, till the end of it, and continuation of UP trend.
That was all for toda…
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Still bearish on this pair

Currency Pair:Eur/Jpy
Indicators: technical patterns
Current price (12.31.2015) : 130.62
Trend: downtrend (daily)
Possible trading range:127-133
Technical analysis: The pair is still in a bearish mode as long as the bulls failed in keeping the price higher than 134 after Draghi disappointed badly the market expectations this month. At play is the same triple top situated on the daily chart targeting in the first phase the 127 level.
Forecast: A strong bearish sign is the fact that the bulls didn…
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marius24 avatar
marius24 19 1月

update ( current price: 128.37). The downside for the usd/Jpy look set to bottom up at least for the moment as the turmoil in stocks markets around the world has somehow subsided a little bit on the expectations that the chinese will add more stimulus to avoid further declines in the stocks market. On the other side the eur/usd seems to be stuck in a tight trading range. More sideways movements with a slightly bullish tilt are expected in this pair in the coming days.

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marius24 26 1月

update( current price: 128.65). On the chart side it seems to have a bullish breakout from an inverse H&S pattern situated on the h1 time frame. THis breakout occurred around 128.50 and in order to see a sustain rally we need a risk on mode in global stock markets and of course a stable euro with a slight bullish tilt. The outlook looks indeed slightly bullish but i will remain cautious with a more balanced view regarding this currency pair at this moment. I am neutral from this point.

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A beairsh outlook in the sight

Currency Pair:Eur/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 132.74
Trend: consolidation(daily)
Possible trading range:129-136
Technical analysis:a bearish triple top and a recent breakout to the downside from a descending rectangle
Forecast: if price succeeding in breaking decisively and staying below the 133.28 level for more days then this action will cap the bulls' hopes to rally above 134.
My target: 130.52
Daily(below)
Monthly(below)
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marius24 avatar
marius24 30 11月

update: the euro is still under heavy downward pressure ahead of the ECB meeting which is due on 3 Dec. The odds for even a dovish meeting are greater and as such any bullish attempts are an opportunity for new shorts in this pair. My target is a little bit higher than the current price of 130.08

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marius24 1 12月

update:due to a black hammer appeared recently on the 4 hour chart the bulls felt encouraged to place long positions and therefore the price jumped based on that pattern at least 50 pips. WE are still in a bearish trend as long as the exchange rate hovers below SMA 50 on the 4 hour chart.

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marius24 1 12月

update:fundamentally speaking euro against jpy is still under heavy pressure till Thursday when MArio Draghi could put more fuel on this downtrend or even to talk up the euro and that case euro will face some relief

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marius24 1 12月

update: in absolute terms the exchange rate stopped at 12GMT at around 130.501 which is 1,9 pips lower than my target situated at 130.52. In this case this prediction can be consider a good one as long as the deviation is less than 10% from the target

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marius24 1 12月

update: in relative terms 1.9 pips means 0,0145 ( 1,45%). In conclusion is quite a good prediction and the main cause which prompting me to choose a downward direction for this pair was the fact that Draghi is no longer happy with the current state of the inflation outlook and also the FED which is one step away from its first rate hike in years.

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Bearish outlook for USD/JPY

Currency Pair:Usd/Jpy
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 118.90
Trend: Consolidation (daily chart)
Possible trading range:115 -121.81
Signals: THe bulls managed to make an upside breakout from a triangle( daily chart) at around 119 , but so far it seems that there is no steam left in order to add another leg above 121.83. This hesitance of the bulls appears to be the first weakness of the current uptrend.
Fundamentals: The bulls' enthusiasm was blown away…
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marius24 10 3月

update:Current price - 121.06. The price wasn't able to overcome the 122 level and therefore has fallen back to 121. But the story is not looking good for this pair... it's seems that the US stocks market is heading towards a big correction very soon on the back of a possible hike in interest rates in June. Bearish on this pair.

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marius24 17 3月

update: Current - 121.20. The price is still very far away from my target, but i don't want to throw this prediction into the garbage basket as long as we don't know what the FED is going to say about the timing of first rate hike.

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marius24 24 3月

Update; Current price - 119.60.THe Fed has shaken the bulls very seriously and so far it seems that 122 will remain a stronghold for some time. ON the 4 hour chart a ascending channel has been broken to the downside at around 120.30 and in this way it opened the door for more declines. It will remains to be seen if the price comes closer to my target.

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