Keep an eye on FED Rate decision tomorrow Wednesday, Oct 28. Since Aug'15 USDJPY is trading in the range, I like to buy today in Asia open near middle line of range at 120.00 with the 1st profit target at WCP (~120.50) and second profit target at 121.00.
Happy Trading;
Rina
Since June 2015 GBPUSD is in the range trading between tha falling channel . As per pivot point trading theory I like to long from WCP (Weekly central pivot point) to R1 ( upper trendline of channel ).
Happy Trading;
Rina
Since May 2015 EURJPY is trading in triangle range. As you see in my chart that price has broken inner triangle and as per pivot point theory price always come back to central pivot point which gives pull back to inner triangle- outer trend line. Long @ 136.00 with Limit @ 137.00 with stop loss @ below red line.
Happy Trading;
Rinap
It has been a very strong down trend since July 2014, but Uncertainty of FED rate hike and dairy price rose since 18th AUG auction. Traders are taking advantage of strong KIWI and weaker DOLLAR till next RBNZ announcement.
Happy Trading;
RinaP
week of Oct 4 - Oct 10 is very important for EUR and YEN. Specially on Oct 6 ECB president Draghi going to speak and on same day there is YEN Monetary policy statement & BOJ press conference.
As you seen from EURJPY 1 hr chart , Price is in range since July 2015 and recently it is narrowing. I hope in near future again we get trending market.
Since March 2015 price of EURGBP is trading in range for daily chart. I like to trade in range till Oct ECB press conference.
Happy Trading;
Rina P : currency analyst & Forex trader
On daily chart of GBPUSD , its sharp down trend from July'14 to April'15 and it gave 50% fib retracement on June 2015 . on 4 hour chart it is making LH & LL , so my trade plane is to take short in 1 hr lower high.
Happy Trading;
Rina P : Currency Analyst & Forex Trader
As shown in 4 hour chart of GBPUSD , its trading in sharp upper bound range since May 2015 . Most of all technical traders use support and resistance to execute their trades, But I believe that news gives a force to break support or resistance. Even in strong trend it gives pullback for the price to trade within proper R/R. Today's strong Q2 GDP number gave force...
Friday Aug 21st , important news for Canadian dollar, If core CPI and retail sales comes positive then there is 60% chance to break neck line . Its good short from lower high in 1 hr chart.
As per technical point of view EURUSD broke upward daily trend line AND on 1 hour chart its 1 2 3 pattern for quick 50 pips short. If it breaks level at 2 then I like to short @ 1.10600 with profit target @ 1.1000 and tight stop loss above 1.107500
