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EUR/USD (9/10/17) *+100 pips or more set up is comingThere are 2 things that you need to take note. Medium term: It is in the awesome downtrend and likely to go down further. I can see it can swing down to 1.15 level. Immediate term: We are now the congestion support zone of 1.173x level. So, there may be some sort of bounce as well. So do not add short aggressively without considering any shortfall. It may even go to 1.19 level. Verdict: I am still bear on this one but I will wait at a higher level to enter short again. If the trade goes as per the plan, we can easily get 100 pips or more. Trade Safe, s0nic Disclaimer : This analysis is purely my personal feeling/opinion. This should not be considered as trade call. Money can be won, but money can be lost at the time in trading. So, I advise you to do your own due diligence before entering any trades.
Short
by SonicDeejay
USD/CHF (10/10/17) *Potential 120 pips set upThis bad boy is still in melt uptrend for sure, but the recent Bear candle is getting more interesting. It shows the likelihood of bear forces at play. It caused a strong wick/pin on the daily candle. I am expecting a sell down (or) at least a pull back pretty soon. We will need a bad news/events to trigger. So. I am slightly Bearish right now. Trade Safe, s0nic Disclaimer : This analysis is purely my personal feeling/opinion. This should not be considered as trade call. Money can be won, but money can be lost during trading. Please do not treat trading lightly. So, I advise you to do your own due diligence before entering any trades.
Short
by SonicDeejay
China A50 Stock Index (9/10/17) *Big move to unfold after 18/10Now China's Golden holiday is over but we still have CCP congress, it is to start from 18 Oct. It is gonna be THE event of the year as china will be having their own version of game of thrones. All the Chinese markets shall go sideways (or) bullish mode for now. What I am interested is what comes after that. I am seeing that 11,800 level can be easily retested. If the level is broken strongly,more bearish forces will come in. The sell scenario shall be more likely by then, as the congress is over and there is no reason for further manipulation or holding on stocks. It will mirror the movement of HK index as well. Trade Safe, s0nic Disclaimer : This analysis is purely based on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
OANDA:CN50USD
by SonicDeejay
AUD/CAD (8/10/17) *It is a DrawThis is one of the typical example, when you enter a trade on the pairs that both sides are either strong (or) weak, which there is no edge over each other. For this particular pair, both AUD and CAD are weak. It is almost a draw. Almost 50%-50% chance. Do not enter a trade if you have not entered. I am seeing some slght possiblity of it going up. Trade Safe, s0nic Disclaimer : This analysis is purely based on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Long
by SonicDeejay
1
BitCoin (5/10/17) *Going $4,000 level easily BitCoin is in lossing streats, and it shall continue to do so, I see that it can easily go to $4,000 level first. Now even countries are going to start their own bitCoin, so there will be more choices to choose from. IMO, the bitcoin is speculative product and it shouldn't worth much, after people stop using as money l@aundering vehicle. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
COINBASE:BTCUSDShort
by SonicDeejay
4
AUD/USD Daily Update (21/9/17) *Sell Better Bet Lovely Bearish Engulfing Bar we have. Now it is very likely to go down for now until it meets decent pushback from Bull side. It should easily go to 0.7874 or 0.7812 level. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
Short
by SonicDeejay
Crude Oil (WTI) 4/10/17 *Can Slide Further First.Oil is in the strong momentum of Down recently. It shall continue for the time being, as it has more slides to come. I want you to take note of 2 highly support level. 48.7 and 45.32 level. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
OANDA:WTICOUSDShort
by SonicDeejay
Nikkei index (18/9/17) *Potential Upside This index has one tough nut to crack. 20,000 level will be the imporant one. But once it is cleared, it can be easily to to 20750 region. I am expecting it will happen,. I am standing with BULL for now,. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
OANDA:JP225USDLong
by SonicDeejay
AUD/USD (30/9/17) *Possible Bounce but Long Term DOWNWe are the minor crossroad right now. Currently, 0.782x seems to be a very nice support and there may be some of retracement or bounce up. But I am chill about it. I see it as a better chance to add another round of shorts positions from higher level. Aint that cool? It can (or) it may swing near 0.795x level. Sooner or later, we say see the price reach 0.7660 level again. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
by SonicDeejay
USD/SGD in a descending channel until NovemberAlthough the US Dollar recently rebounded against the Singapore Dollar, the currency pair is still set to decline in the long term. The reason for that is the fact that the pair is still trading simultaneously in two descending channel patterns. The most junior pattern shown on the chart was discovered only recently, and it is now providing the opportunity to forecast approximate path of the currency pair in the near future. Until the end of October to be precise. Meanwhile, the pair is also descending in a dominant pattern, which is aimed at the support line of a dominant channel up pattern, which is located in the zone from 1.3450 to 1.3500.
by UnknownUnicorn890690
USD/CAD Daily (26/9/17) *BULL, don't be aggressiveWe will be having Aunt Yellen Speech tonight. USD/CAD shall generally go higher but there are some dangers lurking. We have yet to see a retracement on the recent runup. Pls do not put any SL higher than 1.2250, as it can go to that level before It goes higher again. So, do not add long position aggressively. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
by SonicDeejay
EUR/USD Update (26/9/17) * Buy on rumour, sell on newsNow the election is over. Euro is in "Buy on rumor, Sell on news" mode. You can see the same scenario is happening on the APPLE price too. A lot of unsuspecting traders will think the euro will go UP as Merkel won, it often to the opposite. It is the same in Apple. Our analysis is doing fine as the market goes in our favor. Now it is at a little bit of support level of 1.185x region. So, please be careful as it can bounce. Overall, I still see the more possibility on the downside. The next nice support will be 1.172 (since it is the first strong congesting, and eventually 1.15. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
by SonicDeejay
2
BitCoin Daily (22/9/17) *Dead Cat Bounce is failingAs far as you can see, the recent swing back up to 4,000 level was the dead cat bounce. The dead cat bounce is failing at this moment. It may rang bound for a time being but is a matter of time to hit back old the support level to 3000 area. I am standing with BEAR. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
COINBASE:BTCUSDShort
by SonicDeejay
Dow Jones (US Stock Index) 22/9/17 *Possible Retrace For nowFED has no clue what they are doing. They are the price setter. They are to tell the market what to do, rather than letting what the market want them to do. I do not see, it will be having BIG crash soon "for now", but the retracement is very likely. It is decent to see we shall have some sort of retracement to 22150 or even slighly lower until the BULL come in and push the price up again. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because I'm not monitoring this chart all time.
OANDA:US30USDShort
by SonicDeejay
AUD/SGD 1H Chart: Channel DownAUD/SGD 1H Chart: Channel Down The Australian Dollar is trading against the Singapore Dollar in a short-term descending channel, which consists of four reaction highs and three reaction lows and, thus, might be broken already by the end of the week. Historically, the currency rate made multiple attempts to break to the top. However, each time these endeavours were stopped by a combination of the 55-, 100- and 200-hour SMAs. The fact that this pair is so sensitive to the above moving averages suggests that a breakout in the northern direction is unlikely to happen. Moreover, channels are continuation patterns and, thus, should not change a recently established general downtrend. The above assumption is additionally supported by the fact that 73% of traders hold short positions on this currency pair.
by UnknownUnicorn890690
USD/JPY Daily Update (18/9/17) *BEAR patience firstxxx/jpy pairs are on the rise right now with solid Bullish prica ation in weekly. It is likley to go do higher for now, but I am see 113.30 region will be one tough nut to crack. Let see how the price react at that level. Until them I am slightly bullish. I will not going short yet. Trade Safe, s0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.
by SonicDeejay