Sep 4 2010, 09:34 AM
I will be posting my daily technical analysis on this thread and I'll start next Monday. I'll be tackling mainly NZD/USD. Analysis is based on trendlines, support and resistance and mainly the 4H chart. Visit my blog for other pair analysis link is in my signature.
Sep 5 2010, 10:05 PM
Daily: Strongly BullishOutlook:
EMA's are pointing upwards in H4 and Daily chart suggesting further bullishness. The pair is sitting at a resistance which I don't see to be a strong one.Trading Ideas:
I'm looking for a buy on dips at 1.2855 / 1.2825 with target of 1.2925 / 1.2950 1.2975
Sep 7 2010, 02:48 AM
Outlook: EMA's are pointing downwards and to confirm a downtrend I'm waiting for the red ema to cross the blue ema. Looks like its running out of bull steam.
Trading Ideas: I'm looking for a sell at 0.7220 with target at 0.7180, 0.7150 and 0.7120. Once the downtrend is confirmed I'd go for an aggressive sell with targets of 0.7050.
Sep 13 2010, 03:27 AM
Outlook: EMA's are pointing upwards with an angle approximately over 20 degrees and red EMA is over blue EMA suggesting a strong bullish trend. RSI indicator at overbought level 70 and suggesting it may break this point further. It's testing 0.7360 a strong resistance on our 4 hour chart and watch out if it breaks this point we're going to see more highs ranging from 0.7440 / 0.7520 / 0.7620
Trading Ideas: I'm looking for a buy at dips of 0.7260 / 0.7275 / 0.7290 with targets of 0.7315 / 0.7340 / 0.7355
Sep 15 2010, 01:45 AM
Outlook: Red EMA is still above blue EMA even though its slopping downward I'm still bullish. The main pivot point I see in my chart is 0.9320 I'm bullish above and bearish below this point.
Trading Ideas: I'm looking for a buy at dips of 0.9362 and 0.9377 with target of 0.9399 / 0.9423 / 0.9442
To be specific:
Buy at 0.9362 / 0.9377 SL: 0.9320 TP: 0.9399 / 0.9423 / 0.9442
Sep 17 2010, 01:41 AM
Here's some Quick Analysis for and trading ideas for today.
SL's should be placed @ 1.3053
TP's may be fixed at 15-25 pips.
SL's should be placed @ 1.5595
TP's may be fixed at 15-25 pips.
- Trade with higher probability
- Position in line with the trend
- Reasonable TP and SL.
Sep 22 2010, 12:05 PM
NZD/USD Daily Outlook
On 4H chart both our EMA's are point upwards and the same goes for the daily too. Trend is strongly bullish.
Daily Support and Resistance:
R3 - 0.7582
R2 - 0.7481
R1 - 0.7405
P - 0.7289
S1 - 0.7177
S2 - 0.7116
S3 - 0.7026
Trading Idea: We're looking for a buy in dips at 0.7341 / 0.7324/ 0.7306 with targets of 0.7405 / 0.7450 / 0.7481
Aggressive buy target would be 0.7582 as the daily EMA trend suggest its strongly bullish.
Sep 28 2010, 03:44 AM
AUD/USD heading towards 0.9825
Outlook: Both EMA's are pointing up up up with the red EMA above the blue EMA. I'm going to use the weekly chart for this one as I can't see its next in 4H or daily chart the next resitance in its direction. AUD/USD is heading towards 0.9825 the next resistance line on the weekly chart.
Trading Ideas: I'm looking for a buy and possible areas to open a position are 0.9615 / 0.9600 / 0.9580 with 25 pips target to secure your pips.
Sep 29 2010, 01:30 AM
Outlook: Both EMA's are pointing up up up with the red EMA above the blue EMA. I'm going to use the dailky chart for this one as I can't see its nextdestination in the 4H chart. Trend is bullish and the next line of resistance for it to break is 0.7427 / 0.7484 and if rejection from these two daily resistance won't happen it may go up to 0.7589.
Trading Ideas: I'm looking for a buy and possible areas to open a position are 0.7368 / 0.7346 / 0.7326 with 25 pips target to secure your pips the same with AUD/USD target yesterday.
A more agreesive and long-term buy target would be the 3 daily resistances 0.7427 / 0.7484 / 0.7589