We have a confluence of reasons to be selling GBPNZD

Even though it is a cross currency pair, it does not  matter. We are trading what we see on the chart – not what we think. For GBPNZD, a high test bar off soft level and weekly pivot is a (more…)

We have a confluence of reasons to be selling USDCHF

Shorting Swissy may seem a little counter-intuitive in August especially as traditionally is has been the Euro which flounders in this season. However, an impressive set of technicals point otherwise:

High test bar rejecting a previously tested trend line support (more…)

We have a confluence of reasons to be selling EURGBP

Shorting EURGBP tonight is pretty much exactly the same thing as going long on GBPCHF. We like the look of GBPCHF long (as per our previous post) but we actually prefer the look of EURGBP short.

The set-up: – trading (more…)

We have a confluence of reasons to be buying USDCAD

The Loonie has low tested off parity, where one USD equals the same value as one Canadian Dollar. This is a key psychological level which correlates with a soft level of support. This, coupled with a higher low on the (more…)

We have a confluence of reasons to be buying NZDCAD

As NZDCAD hurtles towards the fortified soft  level at 0.8000, which is also a kew psychological number,  yesterdays low test bar accompanies with a ‘W’ shaped double bottom on the hourly gave us a number of key reasons to consider (more…)

We have a confluence of reasons to be selling GBPCHF
High test off horizontal level (15112) – lower high on hourly timeframe – 0.886 fibbo rejection from swing high (feb 11) to the swing low of August 2011… we also have a 1.618 fibbonacci extension over lapping with this 0.886 (more…)

We have a confluence of reasons to be buying on EURCAD

It’s low test off the 12488 level is a 12 year level of support which represents a strong level of supply where we are antipating buyers to come back into the market. As there is a 70% change of (more…)

We have a confluence of reasons to be selling AUDCHF

As AUDCHF hurtles towards the fortified 10140 level of resistance that remains unbroken since 2008, eyes are open for a potential short! Even this price is currently above parity (a key psychological barrier on its own), we can see that (more…)

We have a confluence of reasons to be selling EURJPY

High test bar rejecting 0.382 fibbo retracement (from start of move) and a 50 fibbo retracement (from previous swing high – equating to a Fibonacci ‘cluster’), Weekly ‘r2’, 1.272 extension, hourly divergence, false breakout on daily from its choppy range (more…)

We have a confluence of reasons to be selling Kiwi Dollar (NZDUSD)

High test bar rejecting 0.382 fibbo retracement, monthly pivot and divergence on hourly timeframe

…And so we had a similar set up short on EURUSD and EURJPY addition to a lovely high test bar on Euro Dollar with (more…)