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EURUSD Weekly Outlook

Jignesh Publicado 3 Abr  en #Trader's blog #Eurusd #Resistance #Trends #Channel #Flag Pattern
The EURUSD as of late is in a full fledged bullish trend. We see it making higher highs and higher lows on all time frames aside from the Monthly.
The pair is approaching some resistance however, where traders with their eyes on the Monthly & Weekly charts may look for potential short setups. Here is the outlook:
The above charts shows a clear bullish trend. Last week we broke the downside correction which appears as a flag. We have started a new channel up on the 15m/1h. Dips towards the bottom…
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AUDUSD Faces Resistance ahead of Cash Rate & Statement

Jignesh Publicado 2 Nov  en #Trader's blog #Resistance #Audusd #Rate Decision #Rba #Rate Statement #Rba Governor Stevens #Rba Meeting
The RBA is due to release a rate decision, as well as a rate statement early in the Asian session.
The rate is expected to come in unchanged, however speculation favors the downside for the AUD as the RBA has become notorious for it's attempt to jawbone the currency lower.
Looking at AUDUSD, the pair is struggling at 4H Resistance coming in at 0.7147
On the smaller time frames, we can even see a small channel broken, and price retesting. A rejection from current levels can provide a trade setup …
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NZDCAD to resume it's bearish trend

Jignesh Publicado 31 Jul como análisis en NZD/CAD, Objetivo: 0.8240, Fecha: 1 de Septiembre, 12:00 GMT  en #Technical analysis #Resistance #NZD/CAD #Bearish Signs #Channel #Downtrend #Suport #Elliottwave #Nzdcad
This Analysis is a continuation from the April technical analysis submission.
The same wave count is still valid, and the downtrend has not completed as of yet. The Gartley pattern has played, but the count suggests the down trend will continue.
Levels
0.89495 - Daily Support/Resistance
0.86990 - Major Resistance - First half 2013 & Support 2014
0.84209 - Gartley pattern and weekly support
0.82059 - Weekly Previous Support
0.81140 - Weekly Previous Support
The below chart was what was posted in …
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USDCHF Bouncing off Key Channel

Jignesh Publicado 30 Jun como análisis en USD/CHF, Objetivo: 0.9720, Fecha: 3 de Agosto, 12:00 GMT  en #Technical analysis #Support #Resistance #USD/CHF #Usdchf #Channel #Fibonacci Level
Overview
USDCHF has been in contained within two channels, but in the past few weeks we have seen it make a bullish break.
Even on a pullback the pair has managed to stay supported from the previous level, given the outlook of a bullish nature
Levels
0.9335 - April Close
0.9480 - 38.2 Fib (0.9079 - 1.0127)
0.9720 - March Close
0.9227 - 61.8% Fib (0.9079 - 1.0127)
Figure 1 - Daily USDCHF - two potential channels, price bouncing between both
Figure 2 - Price respecting channels, until recent bull…
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Jignesh 28 Jul

The pair has completed an ABC structure to support at 9538.  so far it has once again turned bullish up towards the daily 4h channel pointed out.  Expecting a pull back here, before once again turning bullish.

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Jignesh 30 Jul

The channel posted in the above comments broke this week, and that was followed by a strong push higher from a hawkish FOMC statement yesterday.  Today we've seen the pair touch the target level of 9720, and that level has acted as resistance for the pair.  Anticipating that this level holds tomorrow and offers a bit of a pull back as the US Dollar index has reached some key resistance.

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Jignesh 2 Ago

The week has opened with very little movement in the USD pairs.  Some clues can be found from the metals which have been selling off since the open.  Anticipating the majors to see some USD strength going into the London open at the very least, and possibly the New York Open.  However not anticipating any recent highs/lows to be broken, and with the pair marking an absolute high of 0.9718, it is not likely it will hit targets, however there is a strong possibility of it coming within 25 pips or so lower than the target.

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Jignesh 3 Ago

With just 3 hour left to the target time, the pair is starting to make a bullish break out of it's 15m bollinger bands.  The average ATR for the pair is about 18.5 pips per hour, so it is able to come very close to targets based on time and average price movements.  The overhead resistance and previous highs should cap the price as it starts heading into 0.9710-0.9720

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Jignesh 3 Ago

although the price was moving higher, lack of volatility prevented from exceeding 9683 at the time of close.  In hindsight, I could have put targets slightly lower as chances of it closing right at resistance are not always likely.  Either way the targets came close the price and analysis did show the right path. 

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EURJPY Struggles at 61.8% Fib Level

Jignesh Publicado 5 Jun  en #Trader's blog #Resistance #Eurjpy #Fibonacci Levels
In today's NFP we've seen the USD strengthens once again on the back of a strong NFP number. Unemployment however ticket up 0.1 point. The USDJPY saw some decent gains, the EURJPY however struggled to break highs.
At the moment the pair is facing the 61.8% retrace of the last leg down, and has drawn two consecutive daily Doji's against this level showing some indecision around this area.
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EURAUD Struggles Against Monthly Trendline

Jignesh Publicado 2 Jun  en #Trader's blog #Resistance #Trendline #Euraud
EURAUD has recently made a bearish break of a major Weekly Trendline that dates back to mid 2012.
in the past few weeks, the pair has had some bullish momentum, however it is struggling to make a solid break higher above the trendline, offering some decent opportunities for intraday scalps
The weekly chart below shows the the trendline in play, and the following chart shows the daily reaction from that level.
EURAUD Weekly
EURAUD Daily
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CADJPY Consolidates in a narrow Range

Jignesh Publicado 1 Jun  en #Trader's blog #Resistance #Trendline #Range #Cadjpy
The Canadian Dollar has seen some selling pressure as of late, but last week, the BOC once again did not cut rates which the market has largely been expecting. Today we see the CAD continue to sell off even further.
With net shorts building on on the Yen this week, we've seen the CADJPY hardly move so far this week. As it consolidates within a narrow range, between a rising trendline on 1H and resistance in ahead of 100. Will keep on eye on which way it breaks and look for some continuation.
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GBPCAD Forming a Daily Doji against it's 50 Back

Jignesh Publicado 12 May  en #Trader's blog #Support #Resistance #Trendline #Channel #Fibonacci Levels #Gbpcad #Candlesticks
The British Pound has rallied quite strong over the last few weeks. The major catalyst was the elections last week, we saw some follow through with decent data coming from Great Britain this week.
The rally has caused the GBPCAD to come back and test the 50%Fib of the last leg down. We are starting to see the strong momentum die down a bit, which can be seen as Daily Doji in the making.
Other Pound pairs have made some significant breaks during this same time period. The GBPNZD for example has b…
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AUDUSD 1H Trendline on the verge of breaking

Jignesh Publicado 11 May  en #Trader's blog #Support #Resistance #Trendline #Fibonacci #Channel #Elliottwave
The AUDUSD has recently shown a major channel break on it's 4H chart, suggesting a further bearish continuation.
The chart below shows the break, as well as an Elliott Wave count that suggests the structure from 02 April Lows has been completed
So far, we can see that after a brief channel break, the pair came back up to retest the 76.4% Fibonacci Level and has once again broken lower. As well, we can see another retest of the bottom of the channel which was also met with a bearish rejection.
Wi…
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EURNZD Reversal Continues with Strong Momentum

Jignesh Publicado 2 May  en #Trader's blog #Resistance #Trendline #Eurnzd #Channel #Candlesticks
Eurnzd posted it's second weekly gain after being in a downtrend since Feb. The larger trend in the pair (Weekly/Monthly/Yearly) are all in a downtrend as well.
Although the momentum in the pair is strong, as indicated by the weekly candlesticks, the pair looks to be approaching some resistance.
Weekly resistance comes in at 1.5092, which held price up July/August 2012 and then once again in April 2013. Ahead of that level, there is also a long term channel formation in play dating back several …
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