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ThinkForex_MS commented Dec 16, 2014Large speculators have been closing their EUR short positions now for several weeks - however there has been little/no increase in longs from the same group. So overall, any upticks are just better prices to get short on W1 and D1 There is also an ...
5 reasons for the surge of EUR/USD
- ThinkForex_MS commented Dec 16, 2014
It can still 'eye it up' without getting there!
It has made a little effort to go down at least, and as you point out may not make it to 100. I cannot account for the individual groups of MM, Banks etc. defending their positions (as they all have ...CADJPY eyeing up 100
- Submitted Dec 15, 2014|From thinkforex.com|2 comments
In light of recent JPY strength and poor data from Canada then 100 could be tested sooner or later. Technically CADJPY appears to be set to test 100 relatively quickly with the Bearish Engulfing candles on D1 providing very small and infrequent ...
- ThinkForex_MS commented Nov 24, 2014
Current levels are good for a re-entry short IMO - meandering around the neckline. If OPEC cut that could be CAD bullish too, leaving ECB to put the final nail in the coffin and EURCAD resume the downtrend. That's my guestimate anyway
EURCAD: Potential Head and Shoulders top in the making
- Submitted Nov 24, 2014|From thinkforex.com
Whilst Cable has done well to remain within range against the Greenback there is a case building for a downside break this week. An interesting observation is that whilst Friday saw the Greenback pop up to a new 4-year high the British Pound managed ...
- ThinkForex_MS commented Nov 23, 2014
I've updated the analysis here... url Summary: To cut to the chase, With a break below 1.4012 confirming a Head and Shoulders Top the plan is to simply sell into any rallies. - In the event we do see a relief rally then 1.393, 1.40 (round number) ...
EURCAD: Potential Head and Shoulders top in the making
- ThinkForex_MS commented Nov 21, 2014
Down she goes... Wish it always worked out that well!
EURCAD: Potential Head and Shoulders top in the making
- ThinkForex_MS commented Nov 20, 2014
Typically yes - but can also be continuation patterns. So an Inverted H&S in an uptrend can also make a good bullish signal. That said, H&S are messy patterns at the best of times. Therefor I prefer not to trade the pattern itself but use them to ...
EURCAD: Potential Head and Shoulders top in the making
- Submitted Nov 20, 2014|From thinkforex.com|8 comments
As we approach the end of the trading week EURCAD may provide a short opportunity. On one hand 1.401 support has been tested several times so we could in fact be witnessing a bottom pattern in the making. On the other hand if this level does break, ...
- Submitted Nov 17, 2014|From thinkforex.com
The Swissy has finally reverted to the mean and produced a Bullish Engulfing candle at 0.956 support to suggest a swing low has formed. However there are several levels of resistance around 0.974 which may continue to hold for the foreseeable future ...
- Submitted Nov 12, 2014|From thinkforex.com
For now, Cable has found support above 1.575 and at the lower Bollinger Band to suggest a snap-back towards 1.58 - 1.585. However the DPO (Detrended Price Oscillator) has not yet reached its natural level of support which itself suggests we could ...
- Submitted Oct 26, 2014|From thinkforex.com
Whilst USDJPY remains within a new trading range the near-term momentum favours the bulls. The Bullish Hammer two weeks ago may have market the end of the correction from the 111 highs. However a slight cause for concern is that USDJPY has a ...
- Submitted Oct 23, 2014|From thinkforex.com
The Australian Dollar’s decline has been thrown a lifeline by nervous Greenback bulls. For now, the bulls can breathe a sigh of relief, but the downside looms. As long as the USD Index continues to correct from the 4-year highs then I expect to see ...
- Submitted Oct 22, 2014|From thinkforex.com
As we await tomorrow's CPI and Friday's Trade Balance the Kiwi Dollar finds itself conveniently below key resistance levels. Due to my analysis of the USD Index I suspect we will continue to see choppy range trading this week. However NZDUSD is now ...
- ThinkForex_MS replied Sep 23, 2014
Hi all - Please find below a message from Ian Copsey. Well, it seems Mr Angry has complained to the moderator and I cannot continue with the demonstration of the analysis in EURUSD. My apologies for that although you have the basic expectations for ...
Elliott Wave Trading
- Submitted Sep 16, 2014|From thinkforex.com
Recent price action suggests that GBPAUD has witnessed a significant swing low at 1.72 and for price to now move on to make new highs. The strong rejection of the 1.72 swing low appears to be a 'V-Bottom' and is normally associated with significant ...
- Submitted Aug 14, 2014|From thinkforex.com
The decline form the highs has been a pleasure to trade for the bears but the basing pattern has formed and already seeing an argument for gains before losses resume. There was some noise around the trendline and technically it is invalidated due to ...
- Submitted Aug 7, 2014|From thinkforex.com
Following 4 straight weeks of losses, Cable is amid its most bearish move since the July lows. It had not come without warning though. Leading up to the multi- year highs price had reached a distance from its own 50-week MA which had previously seen ...
- Submitted Aug 6, 2014|From thinkforex.com
Technically we can see that 0.937 has been firmly rejected with a break below 0.9275 (last week’s low) required to confirm bearish trend continuation. I stand by the bias that 95c was a multi-month top and now require the bearish move to accelerate ...
- Submitted Jul 28, 2014|From thinkforex.com|1 comment
A new weekly column where we will study points of interest on Futures volume and CFTC data. Australian Dollar Futures: Whilst volatility remains low it would be wise to not become too 'sensationalist', but it does raise more confidence that we are ...