Forex Update Trends and Price action

Friday, 21 December 2012

AUD/NZD EXIT

In this trade we bought this at 12497, with a White Candle confirming a reversal is highly likely...it proved correct.

This morning we have a yellow Star which shows resistance at this level, therefore I closed the position for + 84 pips.

The chances are that the price will continue, but also notice the red line (200 ema) being hit.

Also notice the Blue below Red, down trend...

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Thursday, 20 December 2012

USD/CHF

Tell me if I am getting boring wont you :)

USD/CHF now has a white Star!

CCI divergence, heading back to the 200 ema in the next week or so, a good hedge against the EUR/USD

It seems the USD/JPY has gone too far, for now anyway.

Although I expect this pair to reach 9000 in 2013, we are likely to see a retracement to 8250 in the coming weeks.

Although light volume is likely.

Notice the White Star a strong reversal indicator.

Also notice the CCI divergence

Wednesday, 19 December 2012

Back in on the GBP/CHF + 322 pips so far..

Another signal for the GBP/CHF has been triggered

The white star has appeared once more, showing a strong reversal is highly likely.

Along with Divergence on the CCI, this could start to head back to 15050 in the coming weeks.....

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Monday, 17 December 2012

EUR/USD update

A quiet day today so far, but EUR/USD is at a tipping point, major resistance at these levels currently 13160!

If it moves down then we can expect more swings and trading within a range 12900 13160.

If it continues to swing then the following are on my list for this week:

USD/CHF BUY
NZD/USD SELL
EUR/JPY SELL
USD/JPY SELL

If it moves upwards and breaks 13230, then we shall see 135000 very quickly, even over the Christmas period.

Look out for the signals this week, we could see some very large moves!!

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