Prissila Posted January 15, 2016 Share Posted January 15, 2016 AUD/USD Forecast January 15, 2016, Technical Analysis The AUD/USD pair initially tried to fall during the day on Thursday, but turned back around to form a positive candle. However, we think that the market is certainly consolidating at the moment, and as a result we are looking for resistive candle above in order to start selling again. With that being the case, the short-term charts might be the way to go, as the range seems to be fairly well defined between the 0.69 level on the bottom, and the 0.7050 level. At this point, it appears that this market isn’t ready to go very far. Quote Link to comment Share on other sites More sharing options...
Prissila Posted January 15, 2016 Author Share Posted January 15, 2016 Gold Prices January 15, 2016, Technical Analysis Gold markets fell during the course of the day after initially gapping higher on Thursday. That being the case, the market still tested the $1080 level and found support though, so having said that it is still possible that the market continues the move higher. Ultimately, the market has quite a bit of importance placed upon the $1080 level, so above there we believe that this market could go higher, but on the other hand if we break down below there we feel the market will probably drop to the $1060 handle below. Quote Link to comment Share on other sites More sharing options...
Prissila Posted January 15, 2016 Author Share Posted January 15, 2016 USD/CAD Forecast January 15, 2016, Technical Analysis The USD/CAD pair went back and forth during the course of the day on Thursday, as we slowed down and what has been a very strong uptrend. At this point, we think this pair could pull back, but that would be an excellent buying opportunity as far as we can see, as the trend has been so strong and of course the oil markets have been working so feverishly against the value the Canadian dollar in general. That being the case, the market should continue to favor buying on dips, and we believe that the 1.40 level below should be a bit of a floor. Quote Link to comment Share on other sites More sharing options...
Prissila Posted January 15, 2016 Author Share Posted January 15, 2016 EUR/GBP Forecast January 15, 2016, Technical Analysis The EUR/GBP pair initially tried to rally during the course of the day on Thursday, but turned back around to form a shooting star. The shooting star of course is a very negative sign, and having said that the market looks as if it is very likely going to pull back from here, but we also see quite a bit of support at the 0.74 level. That being the case, the market will more than likely offer buying opportunities down in that area, and we would love to start buying bounces. On the other hand, a break above the top of the shooting star would be a buying opportunity as well. Quote Link to comment Share on other sites More sharing options...
Prissila Posted February 9, 2016 Author Share Posted February 9, 2016 NZD/USD Forex Signal * Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 0.6557. * Put the stop loss 1 pip below the local swing low. * Move the stop loss to break even once the trade is 20 pips in profit. * Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run. Quote Link to comment Share on other sites More sharing options...
Prissila Posted February 9, 2016 Author Share Posted February 9, 2016 AUD/USD Forex Signal * Long entry following a strong bullish price action reversal on the H1 time frame immediately upon the next touch of the bullish trend line currently sitting at around 0.7065. * Place the stop loss 1 pip below the local swing low. * Adjust the stop loss to break even once the trade is 20 pips in profit. * Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run. Quote Link to comment Share on other sites More sharing options...
Prissila Posted February 9, 2016 Author Share Posted February 9, 2016 USD/JPY Forex Signal * Go long following a bullish price action reversal on the H1 time frame immediately upon the next touch of 115.54. * Put the stop loss 1 pip below the local swing low. * Move the stop loss to break even once the trade is 20 pips in profit. * Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run. Quote Link to comment Share on other sites More sharing options...
Prissila Posted February 9, 2016 Author Share Posted February 9, 2016 USD/CAD Forex Signal * Go short after bearish price action on the H1 time frame following a touch of 1.3912. * Put the stop loss 1 pip above the local swing high. * Move the stop loss to break even once the trade is 20 pips in profit. * Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run. Quote Link to comment Share on other sites More sharing options...
Prissila Posted February 9, 2016 Author Share Posted February 9, 2016 USD/CHF Forex Signal * Go long after bullish price action on the H1 time frame following the next touch of 0.9850. * Place the stop loss 1 pip below the local swing low. * Move the stop loss to break even once the trade is 20 pips in profit. * Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run. Quote Link to comment Share on other sites More sharing options...
Prissila Posted February 9, 2016 Author Share Posted February 9, 2016 GBP/USD Forex Signal * Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.4650. * Put the stop loss 1 pip above the local swing high. * Move the stop loss to break even once the trade is 25 pips in profit. * Take off 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to ride. Quote Link to comment Share on other sites More sharing options...
Prissila Posted February 9, 2016 Author Share Posted February 9, 2016 USD/JPY Analysis The downwards trend continued with a fairly sharp decline in the USD yesterday. At the time of writing the price looks as if it might be finding some support at a retest of a broken bearish trend line from last week. However it would seem risky to try to take a long from here at least until there is some positive US data which may or may not come over the next couple of days. The Bank of Japan are in a tough position as they just cut rates to try to stop the Yen from strengthening too much and now it is right back where it was a week ago! Quote Link to comment Share on other sites More sharing options...
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