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NZD/JPY long Posi

FxRival Posted 4 Mag  in #Trader's blog
Technical Analysis
The trend line highlights the continuing downtrend. Bears will start taking profits at the key weekly 76.00 S/R level resulting in good opportunities for Long positions. All eyes on Q1 Inflation Expectations from the Reserve Bank of New Zealand on Friday 4th May.
Long Entry at 76.00 Take Profit set for 77.7 S/L at 75.4 below recent lows, safe stops supported by key weekly S/R level at 76.00
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GBPCAD / H4 / AB=CD

FxRival Posted 3 Mag  in #Trader's blog #Abcd

potential ABCD pattern on GBPCAD
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NZDUSD AT Support

FxRival Posted 16 Apr  in #Trader's blog

Watching for a trend continuation on the pullback, price making higher highs & lows & has broken the key level at 0.73000 Aditionally, the price is making a double bottom and the RSI is oversold on Daily Timeframe... so for me it is time for long... Keeping my eyes on this NZDUSD setup into next week.
Waiting for pool back to get Enter.
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EUR/USD long

FxRival Posted 12 Apr  in #Trader's blog
Leg (d) of an EW triangle can be in progress and can see resistance around the upper EW triangle line.
On EURUSD we are looking at an EW triangle correction in the making within wave four. A triangle pattern is a five-wave overlapping movement, which usually unfolds prior to the final wave within a bigger trend. In our case we believe this wave will show up to the upside, but of course once wave four fully shows up. That said, at the moment we see price completing wave c) of four which means tha…
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Long AUD/USD on Breakout

FxRival Posted 11 Apr  in #Trader's blog

Technical Analysis: Bias Bullish
- Price action has broken above strong resistance at 20-DMA
- Bullish divergence on RSI and Stochs
- Stochs have rollover from oversold levels and biased higher
- MACD line shows bullish crossover on signal line
- +ve DMI crossover on -ve DMI
Support levels - 0.7710 (20-DMA), 0.7699 (5-DMA), 0.7637 (78.6% Fib)
Resistance levels - 0.7743 (61.8% Fib), 0.7783 (100-DMA), 0.7798 (50-DMA), 0.7810 ( 200-DMA)
Good to go long on dips around 0.7715/25, SL: 0.7680, TP: 0.7…
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AUD/CHF Head and Shoulder

FxRival Posted 10 Apr  in #Trader's blog

AUD/CHF struggles to break above stiff resistance at 4H 200-SMA at 0.7348.
Technical studies are bullish and breakout at 4H 200-SMA could see further upside.
The Reserve Bank of Australia kept rates unchanged at record low of 1.5 percent. The statement was in line with what was expected.
AUD/CHF up on the day, trading at 0.7341 at the time of writing.
Technical indicators have turned bullish . RSI has edged above 50 levels and Stochs are biased higher.
Further, bullish divergence on RSI and Sto…
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GBP/USD Bullish Trade

FxRival Posted 9 Apr  in #Trader's blog #Gbpusd
GBPUSD is coming lower, much deeper than we thought. However, decline is still looking corrective, then only question is if that's wave 4 or is it higher degree pullback, like wave two. In both cases we think that there will be a bullish turn in the next few days, but would need a break above 1.4096 to confirm a reversal and new push back to the highs.
The cable posted a white candle on the daily chart and a hammer on the weekly. They both point higher.
KEY LEVELS
SUPPORT RESISTANCE BULL/BEAR …
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EUR/USD Further Upside

FxRival Posted 8 Apr  in #Trader's blog #Eurusd

Yesterday's NFP suggested that 1.2220 is still a powerful support, so the price will apparently keep ranging.
Candlesticks give us a confirmation of that: the 3 day's ago hammer , and more of that yesterday's candle that fully recovered the previous day losses.
The first resistance that we are now more likely to encounter is the 1.2400. Have a good trading, good luck!
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence fac…
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FxRival has taken 19th place in Trader Contest Mar 2018

FxRival Posted 6 Apr
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AUD/NZD Reversal Area

FxRival Posted 6 Apr  in #Trader's blog

The pattern is printed at 161.8% fib extension, also known as a fib reversal zone, and with targets by default positioned at 38%, 50% and 61.8% fib retracement.
The AUDNZD may be forming a down channel which we pivoted off the bottom today. We also hi the confluence of 161% extensions and bounced with a divergent daily RSI, the risk could be higher if the 1.0600 level is taken back.
AUD and NZD both strongly affected by commodities and the Chinese economy. Bullish macro bias: Improving AUD data…
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