IchiTrader63's Blog

Avatar

NZD vs USD Double Top


The NZD vs USD is approaching it's all time high @ 88415.Currently price is in an uptrend and pushing towards that level with about 130 pips to go.Maybe some time next week price reaches this level but then I am expecting this level to hold and price drop down to possibly a prior support level. Last time price rejected this level and fell nearly 1500 pips. Looking at the monthly chart you can see some signs of weakness already with the previous month closing with a doji candle showing indecisio…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

NZD vs USD Double Top Pin Bar Rejection


Looking at the NZD vs USD on the daily we can see the resistance zone between .85143 and .85437 where price has pushed up to this level but failed to break this level on two consecutive days with the close of Thursday and Friday. The bears have been very aggressive at this level as price rose as high as .86044 only to be rejected and pushed back down nearly 80 pips with the close Friday at .85269 below the support level. You will notice the long pin bar on Thursdays close of nearly a 60 pip re…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

AUD vs JPY Rejection at Resistance


The daily time frame of the AUD vs JPY has closed on Friday creating a pin bar doji at the resistance level between 94.090 and 94.457. This candlestick is a representation of supply outweighing demand. What is significant is how high price moved up but the bears overpowered the bulls and pushed the price nearly 90 pips down from the upper resistance zone at 94.457 to below the zone at 94.090 and closing at 93.599 Just the rejection is impressive and shows that the level above is a strong resist…
Lee el artículo completo
Traducir a inglés Mostrar original
oDejar comentarios
Avatar

AUD vs NZD Nearing Major Support


The AUD vs NZD is pushing towards it's all time low of 1.04280 which was hit on 12/2005. Since setting the all time low price has bounced off of that level and pushed upwards to an all time high of 1.37941 set on 3/2011. Ever since then the pair has been in a downward spiral attacking the all time low level and finding support near that low at 1.05490 this past January. Price moved some 400 pips away from that support level but once again we are nearing that level at about 90 pips away. Well wh…
Lee el artículo completo
Traducir a inglés Mostrar original
jezz avatar
jezz 1 Mar

Maybe it is time for the kiwi to take over the lead. It could be a great thing for the Australian economy. However, considering recent articles on Chinese expansion in the Aussie soil with private investment plans, you could be right with the bounce, looks more logical

oDejar comentarios
Avatar

NZD vs JPY Kumo Breakout!

With price closing outside of the Kumo on the daily time frame this represents bearish sentiment with the ichimoku system. Price has not been on the bearish side of the Kumo since breaking the Kumo July 4th of 2012. Nice long bullish run! That bullish run really started in June of 2012 @ 57.985 until the high of 86.430. Knowing this you might want to look at the monthly time frame to understand why I like the short trade here. From that low of 57.985 to the high of 86.430 a 50% fibonacci retrace…
Lee el artículo completo
Traducir a inglés Mostrar original
VTTG avatar
VTTG 26 Sep

Good job. Success attend you!

oDejar comentarios
Avatar

EUR vs USD Forecast

Looking at the EUR vs USD first on the daily chart you will notice where this fall started. The pair has attempted 3 times to break the flat bottom Kumo @ 1.31840 level and failed thus causing the price to break beneath the 100 SMA which is the blue line on the chart. With that fall the pair could have found support at the fractal support level but this level was violated and the pair continues to fall. When price is below the Kumo the bias of the market is bearish and there is no reason to expe…
Lee el artículo completo
Traducir a inglés Mostrar original
Skif avatar
Skif 31 May

an interesting look ..I think fall is postponed at least until the middle of June - beginning of autumn maximum

oDejar comentarios
Avatar

EUR vs CAD Technical Analysis

Looking at the chart above featuring EUR vs CAD on the daily time frame using Ichimoku analysis we can see price sitting inside the Kumo. The Kumo acts as support and resistance levels and with price inside of the Kumo the flat bottom is a resistance level. Also on the chart we can see a blue line which represents the 100 SMA. Price has broken below the 100 SMA which also was a S&R level to be noted. If price breaks the support of the Kumo @ 1.31325 we can expect price to move to the next level …
Lee el artículo completo
Traducir a inglés Mostrar original
VTTG avatar
VTTG 26 Sep

Good job

oDejar comentarios