Euro Trendline

Chart courtesy of Dynamic Traders. Data provided by ESignal.

Good morning all,

Hopefully everyone has managed to scale out on AUDUSD and EURSEK. The EURJPY has not performed as expected although it is worth keeping a close watch on this for a possible continuation.

The Euro has just breached the trendline as you can see from the chart above but is fighting to stay above. Definitley keep a very close watch on this one to see if we do break the trendline thoroughly. The psychological support is 12900. A break below that could see another bigger move down.
Check yesterdays post for Euro.

Good luck and have a great weekend.

EURUSD

Chart courtesy of Dynamic Trader. Data provided by Esignal.

Sorry for the late post today.

The Euro is producing a bear flag so keep a close watch on that for a possible break to the downside.

You should all be scaling out on the EURSEK now with great profits from the last few days.

Good luck.

Todays Post

Todays post will be delayed. I will update prior to the US open.

Scale Out

G'Morning,

If you are short on EURSEK cross then you should consider scaling out. This cross has moved down about 400 points since mentioned on here a couple of days ago.

The USDCAD pair has performed very well and it looks like after the current push up we may stall for a while so scaling out on this pair should also be considered.

The AUDUSD has moved down considerably overnight and the triple top is the reason behind this although we have had a good potential fifth wave setup. However, shorter term a head and shoulders is being created and the current right shoulder is on 786.

The GBPUSD is looking very bullish but the £2 resistance is the issue here. A pullback and continuation above that value should allow for a further move up but until then we may be range bound.

The EURUSD has a resistance at 13050 and currently supported by 12980. A break below 12900 could see further downside but a break above 13050 might produce a bullish outlook.

Good luck all.

EURSEK

Chart courtesy of FXTA. Data provided by Quote Center.

Good morning all,

The EURSEK cross above shows time alignments. Note the larger time frames.

For anyone who took up a short position yesterday at the 786 will this morning be in some good profit so use money management and scale out with as close as possible break even.

Since I mentioned taking up a long position on the USDCAD pair during the latter part of last year, we have now moved up 600 points. Today we will probably have some volatility on the pair so beware of this. If we break 11840 then we may see higher moves till at least 11900 and more so 11950.

Have a great day.

Potential Short

Chart courtesy of Dynamic Traders. Data provided by Esignal.

Good morning traders,

Above is a chart of the EURSEK cross. The longer term high low has a 50% retracement and the more recent swings have a fib 786 reversal so offering a potential short.

Please do your own analysis and if trading this cross make sure you use money management.

Good luck today.