Ok I’m buying GBPJPY and continuing to sell rallies on AUDUSD as well. Daily GBPJPY shows a turn down on the MACD, it’s quite fast but I think it’s only temporary and we will continue with upside, I have checked this with a currency strength chart (clicky) funnily enough, I did read on tradingview comments […]
I’m always saying trade the trend but this was mad. Proof actually that the market IS greatly influenced by news and this was fast. But my question is why did the USD go UP in value against the other currencies? SELLING AUDUSD and USDJPY suddenly… So what can we learn from this? 1. The markets […]
AUDUSD continues bearish target 1.013 . AUDJPY as well targets the magic 100. Steering clear of EURUSD as both EUR and USD seem to be playing a game of bad data good speeches. So they are both as bad as each other. It seems both currencies emit bad data, whilst their speeches pretend everything is […]
The MACD on the 4 hour chart is near the bottom of the Bollinger bands in a bearish trend. The lines have crossed but are still bearish, on the daily chart bearish. However look on the Daily chart, the MACD at the base. There are signs of a small bullish move in the future but […]
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Well I’ve been quietly buying the easy trade AUDJPY! 50 pip up move this morning already. Here’s the daily chart. Could we be back on the way up to 105.65? or higher? Taken small profit from EURUSD trade stepping aside for now until the madness is over.
Right. Ok. Yesterdays head and shoulders did appear but like a Roller Coaster. It went as fast as it came. Due to the volatility of the whole thing I’m moving to blue charts. (Because on the black EURUSD chart I have sadly all the bars disappeared, thanks TradingView). Anyway. Take a look at this. I […]
Ok assuming we treat the big up and down as a huge false break from the trend I reckon today we could see further lows. If it is, as I think 4 hour bearish and that false break was just a big load of stuff I would imagine we go lower than the magic 1.3000 […]
Greif I’m tired of “it’s going up, it’s going down” prophets of the forex. The forex is like the Bible, you can make it say pretty much anything you want. Here’s an example. Last night Germany’s credit rating was dropped, yesterday the EUR dropped a long way against the dollar as someone spoke about QE, […]
Despite all the people going BUY BUY… I’m not convinced I think it’s settled into a sweet bearish channel at least for the next 12 hours. That’s me signing off for the night. Happy trading people