Mihai_Iacob

Mihai_Iacob

After the fake break below the support level of 120, eurjpy returned above the support and manages to stay above for the last 4 trading days. We maintain our idea that there are more gains to come for the pair and we are looking to buy. Strategy: Buy above 120 figure SL @ 119.50 First target 121.50 Swing target 123.00

Mihai_Iacob

Yesterday ChfJpy formed a Pin Bar at the bottom of the range. This gives us reason to buy with a tight stop for retesting the top of the range. A break of resistance would expose 112 area Strategy: Buy the market SL @ 109.170 Target 1 @ 110.000 Swing target 112.000

Mihai_Iacob

After finding support at around 1.1, EurUsd has risen to the next important level of resistance just under 1.11. Yesterday sellers tried to gain control but failed, the pair finishing the day at the top of the daily range. A break of 1.1080 is very probable, opening the path to 1.1170 major resistance. Strategy: Buy the break SL @ 1.1040 TP @ 1.1170

Mihai_Iacob

GbpNzd is in a very clear uptrend and the pair is consolidating above the important support zone at around 2.00 Strategy: Look to buy dips above support SL @ .1.9970 TP @ 2.0400

Mihai_Iacob

Yesterday, EurGbp has formed a morning star formation just above 0.85 psychological level and a bottom could be in place. First important resistance comes in place at 0.87 followed by 0.88 Strategy: Buy dips under 0.86 SL @ 0.85 First target 0.87 Second target 0.88

Mihai_Iacob

We called for a drop in EurNzd for quite some time, thou the pair was reluctant, consolidating more or less above 1.72 figure. We still consider that a major top is in place at 1.77 and we are at the beginning of a downtrend. Strategy: Sell the market above 1.72 SL @ 1.7360 Target 1.7 zone

Mihai_Iacob

NzdUsd is consolidating above key support @ around 0.6350 zone. The pair made a series of higher lows which give us a bullish bias. We expect the pair to continue its uptrend towards 0.6500 A daily close under 0.6350 would negate this scodario. Strategy: Buy around 0.64 or under SL @ 0.6340 TP @ 0.6500

Mihai_Iacob

GbpJpy has consolidated in the past month or so. The consolidation range is very tight for this pair of approx 150 pips. We expect a break of resistance and a continuation of the uptrend. Strategy: Buy at market SL under 138.60 TP @ 143.80

Mihai_Iacob

Today, UsdJpy had another attempt to conquer 109, and it failed. We favor shorts towards 107.00

Mihai_Iacob

After an aggressive move of around 800 pips, GbpChf has consolidated for a month. This consolidation could be over and will be confirmed by a break above 1.2850 Strategy: Buy the break SL @ 1.2650 TP @ 1.3

Mihai_Iacob

After reaching a low under 1450, Gold corrected around 1475 zone and couldn't reach 1480 major resistance. We believe that Gold could fell more, at least till 1440 support or even to major support around 1400. Strategy: Sell around 1465 SL @ 1480 First target @ 1440 Second target 1400 (swing) Recommendation: Open 2 trades, both with SL @ 1480 First TP @...

Mihai_Iacob

UsdJpy had a hard time staying above 109 figure and yesterday the pair broke short term support at 108.50-108.60 zone. Now the pair is trading around 108.60 zone now which should have become resistance. Strategy: Sell around 108.50-108.60 SL @ 109.20 TP @ 107.00

Mihai_Iacob

After the double top made around 1.1175, EurUsd dropped aggressively approx 200 pips. The pair found support at 1.0980 a previous support/resistance and also Fibo 61%. Yesterday the pair put in a bullish engulfing which give us reason to be optimists. The first resistance comes into place at 1.11 followed by 1.1175 Strategy: Buy the market with a tight stop,...

Mihai_Iacob

On UsdCad we can speculate a rising wedge formed on H4. The trend line support of the pattern is broke and the pair could continue its fall. First important support comes into place at 1.32, followed by 1.3150 and major support at 1.3050 Strategy: Sell the market at 1.3230 SL @ 1.3310 TP @ 1.3050

Mihai_Iacob

Yesterday, after a long consolidation and a tight range, EurNzd broke support at 1.73. The pair dropped over 100 pips and stopped at the next support at around 1.72. Today EurNzd is correcting yesterday's aggressive move, and 1.73 should become new resitance. Strategy: Sell close to 1.73 SL @ 1.7350 TP @ 1.7

Mihai_Iacob

A short term inverse H&S is forming for Gold. The neckline lies at 1466 and a break here would expose 1480, the measured target for H&S and also a strong resistance for the daily chart. Strategy: Buy the break SL under 1455 TP @ 1480

Mihai_Iacob

UsdJpy has difficulties staying above 109 figure. For us to still consider an uptrend for the pair, 108.50-108.60 zone needs to hold. A break here would expose 107 zone, major support and also rising wedge target Strategy: Buy as long as the price stays above 108.50 A daily close under support would negate this scenario

Mihai_Iacob

Gold formed a "morning star" candles formation on the support of the descending channel that contained the price from the recent top of 1550. Now XauUsd is facing a minor resistance at around 1465. A break here would expose 1480 major resistance. Strategy: Buy dips Target 1480 SL @ 1440