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Contest Strategy October2015 ver.22

The strategy is working in the contest with timeframe 10 min.
The asset it’s trading is one of the main currency pairs: EUR/USD.
Strategy is based on three indicators Relative Strength Index (RSI), Stochastic Oscillator (STOCH) and Waddah Attar Trend (WADDAHAT).
Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when …
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NZD/CAD

Od marca kurs NZD/CAD porusza się w trendzie spadkowym -korekta na przełomie maja i czerwca nie zdołała odwrócić trendu.Poziomy oscylatora STOCH wskazują na możliwe dalsze pogłębienie spadków-czego oczekuję.Bardzo ważne wsparcie na poziomie 0.8783 tam też wyznaczam cel.
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EURUSD UP TREND NEXT MONTH

The pair is moving sideways within the narrow channel, formed by the upper border and the middle line of Bollinger Bands, the price range is narrowed. MACD histogram is in the positive zone, keeping buy signal.1.2420, 1.2450, 1.2490
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USDJPY DOWN TREND NEXT MONTH

Opening long positions is possible above the support level of 3/8 Murray or 107.42 with protective orders at 107.00 and take-profit at the level of 107.81.Resistance levels: 107.42, 107.81.
Support levels: 106.00, 105.25
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EURUSD DOWN TREND NEXT MONTH

On the H4 chart, the pair demonstrates side movement within the narrow corridor formed by the borders of Bollinger Bands. Price range is narrowed. MACD histogram is in the negative zone keeping a signal for the opening of sell positions.Support levels: 1.2205, 1.2176, 1.2155, 1.2028, Resistance levels: 1.2348, 1.2370, 1.2420, 1.2450, 1.2490.
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USD/JPY

usd/jpy found support- fibo 23,6%
oscillators sold out
i expect to rebound
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EUR/JPY Overbought on Multiple Timeframes

The EUR/JPY is overbought on most time-frames. The first picture below shows a daily chart. Notice how the Stochastic Oscillator traded above the 80 line and is now coming down. This is a classic overbought signal followed by a confirmation, the moving down back below the 80 line.
Exhibit number two shows us the situation on the 4 Hour chart. Here too the pair is flashing an overbought signal. The Stoch is printing a value of 91 right now. The pair is stretched to extreme levels.
Our final chart…
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fxsurprise8 avatar

So far so good! After a long post-election rally the EUR/JPY has traded mostly range-bound during December. Looks like all those overbought signals are finally having an effect.

The high to low range is now at 539 pips, with a high at 124.09 and a low at 118.70. But most important, the open to close range is tiny at only 48 pips.

We are currently quoted at 122.01 in the EUR/JPY, only 94 pips or 0.77 percent above my forecasted price. Here's to hoping for a small drop into month-end!

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GBPUsd seems to be recovering after Brexit

Lows for GbpUsd seem to be in place at around 1.28
On the daily chart we see the huge drop after the Brexit vote
The lows were hit around 1.28, and now the pair seems to be moving back up again
MACD and Stoch (both DiNapoli based) show the pair is bullish,
and price action has broken above DiNapoli 3x3, and is looking to test DiNapoli 25x5 from below
If we zoom in on the action on the 4Hr chart we can also see a pattern:
A closing wedge pattern is forming and a breakout in GbpUsd should follow
I…
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AdamFx42 avatar
AdamFx42 3 Aug.

GbpUsd already moving up much higher to 1.33 area from below 1.31  - recovery is on

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AdamFx42 5 Aug.

After the BOE decision GbpUsd has fallen sharply again and was pushed down further by strong US data today - 1.3 has held as support for now

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