Thursday, 28 April 2016



GBPUSD,H4
SHORT TERM TECHNICAL ANALYSIS

The sterling is reacting on a daily and weekly resistance zone. A close below the pink trendline marked Y can lead to retest of support zone around 1.43742 marked by horizontal line T. A close above resistance zone around 1.46386 marked by R disqualifies the setup and can push for another high.





Monday, 25 April 2016


USDCAD,H4
SHORT TERM TECHNICAL ANALYSIS

The pair is now reacting in a strong monthly and weekly support zone but the down side pressure is still strong. The 4-hour chart is showing signs of exhaustion although there is no major trend reversal signals on the larger time frames. A close of the 4-hour candle above the blue trendline marked K   can land the price in the resistance zone around 1.2851 marked red horizontal line T. Close below support zone marked S around 1.2585 disqualifies the setup and may lead to the continuation of he downtrend.


Sunday, 24 April 2016


AUDJPY H4

SHORT TERM TECHNICAL ANALYSIS

The pair is reacting on a large daily and weekly resistance zone marked by horizontal line  A.       A strong reaction off the zone can lead to a sell off into the trendline support zone marked B. Close below B can lead  retest the trendline marked C. 
Break and close of 4-hour candle above  A disqualifies the setup.




Friday, 22 April 2016


GBPUSD,H4

SHORT TERM TECHNICAL ANALYSIS

The H4 cable price is congesting in the 21 Simple moving average zone. A break and close below the X blue trendline can land the price into immediate support zone around 1.42588 marked by horizontal line marked T



Monday, 18 April 2016


GOLD H4
SHORT TERM TECHNICAL ANALYSIS

Gold is congesting in the zone marked by the blue trendlines marked A and B. Break and close below B can lead to retest of the 1211.24 support zone marked by horizontal line T

Sunday, 17 April 2016



EURUSD H4

SHORT TERM TECHNICAL ANALYSIS

The Fiber is now reacting on a support zone in the congestion shown on the H4 marked by pink trendlines X and Y.
A break close below Y will land the price into immediate support zone around 1.11939 marked by horizontal line A. Break and close of A zone can lead to 1.11185 support marked B especially if price moves strongly into A zone.
A close above X disqualifies the analysis.




Monday, 11 April 2016


SHORT TERM TECHNICAL ANALYSIS

EURGBP, H4

The pair is now reacting to a strong daily and weekly resistance after a strong bullish swing move on the daily and weekly timeframes.
The 4-hour is showing a potential continuation swing on the downside after strong reaction off the S resistance zone around 0.80900. The continuation of the swing will be confirmed by break and close of 4hour candle below the pink trendline marked X. The immediate support zone is around 0.79328 marked T. A strong break and close below the zone can lead to retest of the support zone around 0.78426 marked by horizontal line marked A.
A close above S invalidates the setup





Monday, 4 April 2016


USDCHF H4

SHORT TERM TECHNICAL ANALYSIS

The pair has strong downward pressure on the larger time frames but is now in a large support zone that gives a chance for short term bounces off the zone.
The 4 hour chart is showing a potential upside move that will be confirmed by a break and close of the 4-hour candle above the lime green trendline marked T. The immediate resistance zone is around 0.97102 marked by horizontal line Y. A close below X invalidates the setup